Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The table below was compiled using data from the BLS website. Use these data to answer the associated questions. Be sure to answer the questions as completely as you can. If calculations are requested, show your work!
2000
2001
2002
2003
2004
Nominal GDP
9817
10128
10469.6
10971.2
11734.3
Real GDP
...............
..............
10320.6
10755.7
GDP Deflator
100
102.4
104.2
.............
Growth rate of nominal GDP
3.2%
..................
4.8%
Growth rate of real GDP
...................
1.6%
4.2%
CPI
172.2
177.1
179.9
184
188.9
Inflation rate using GDP deflator
1.7%
2.0%
Inflation rate using CPI
.................
2.8%
2.7%
1. How is the real GDP calculated from the given data? Fill in the missing values of real GDP in the table.
2. How is the growth rate of GDP calculated from the given data? Fill in the missing values of the growth rate of nominal and real GDP in the table.
3. What's the difference between nominal GDP and real GDP? Which one is better for measuring economic well-being?
4. How is the GDP Deflator calculated from the data given? Fill in the missing values of GDP deflator in the table.
5. Explain how to calculate the annual inflation rate.
6. Calculate the annual inflation rate using the CPI.
7. Calculate the annual inflation rate using the GDP deflator.
8. What's the key difference between these two measures of inflation?
Are there any current subsidy or welfare issues that are being duscussed or addressed in parliament?
where there is a natural monopoly situation there may be a case for government intervention either in the form of price
The unconditional right to play loud music
Suppose that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output Would an increase in input prices lead to a reduction in output
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
If banks desire to increase their lending, but the Federal Reserve is not adding reserves to the banking system, what will happen to the level of short term interest rates? Explain your answer carefully.
suppose a bars constant marginal cost per beer is 3.60 and it was making 40 cents per beer in variable profit without
A consumer has a utility function of U(x,y)=xy+6x+6y. The price of good X is Px, customer income is I, hence constraint is x(Px)+y(Py)=I
Discuss the difference between a movement along and shift of the demand curve? Demonstrate the impact on the equilibrium price and quantity that results from;
businesses large and small now compete in a truly global economy. to be successful in another country it is essential
A bumper crop of oranges in Florida last year drove down orange prices
The HR department is trying to fill a vacant position for a job with a small talent pool. Valid applications arrive every week or so, and the applicants all seem to bring different levels of expertise.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd