What is the value of the gdp deflator in 2002

Assignment Help Econometrics
Reference no: EM13192104

if real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,049.6 billion calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP and price level. What is the value of the GDP deflator in 2002

Reference no: EM13192104

Questions Cloud

What is projected average out-of-pocket costs for benefits : What is the projected average out-of-pocket costs for beneficiaries in 2010
State what is the molar consentration : soluble plant fertilizer is 0.070% by weight. if a 19.0g sample of this fertilizer is dissolved in 2.0L of solution, what is the molar consentration
Some cons of special events for nonprofit organization : What are some "cons" of special events for a nonprofit organization? One of the greatest strategies to obtain individual donations is special events. I want to talk a little more about special events because this is a fundraising strategy that my org..
Determine celsius temperatures for which gold stays solid : Gold temperatures. Gold stays solid at Fahrenheit temperatures below 1945.4°. Determine (in terms of an inequality) those Celsius temperatures for which gold stays solid.
What is the value of the gdp deflator in 2002 : if real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,049.6 billion calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP and price level. What is the value of the GDP deflator in 2002
What would drive the price toward the equilibrium : a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market b. If the actual price in this market were ABOVE equilibrium price, what would drive the price toward the equilibrium
State the protein databank and look at the glycine : When you go on the protein databank and look at the Ramachandran plot, it gives you 4 plots (general case, glycine, proline, and pre-proline).
How fast is the shadow cast by a tall building : The angle of elevation of the sun is decreasing at a rate of 0.25 rad/h. How fast is the shadow cast by a 400-meter-tall building increasing when the angle of elevation of the sun is pi/6?
Calculate the point price elasticity of demand and income : (a) Calculate the equilibrium quantity and price for peaches. (b) Calculate the point price elasticity of demand and point income elasticity for peaches at the equilibrium. Also calculate the point cross price elasticity between peaches and aprico..

Reviews

Write a Review

Econometrics Questions & Answers

  Solve the equations that characterize the optimal allocation

Government consumption in our model is simply a "waste", that is it does not affect anyone's utility or affect the production process. Use the Pareto Optimality framework. For each of them, solve the social planner's problem and show the equations..

  Calcuate the price elasticity of demand for coffee

The initial price of cup of coffee is $1.00 and at that price, 400 cups are demanded. If the price falls to .90, the quanity demanded will increase to 500. a) calcuate the (arc) price elasticity of demand for coffee

  Calculate e(c)- cov(xy)- var(c)

X and Y are two random variables. The average value of X is 40,000 and X has a standard deviation of 12,000. The average value of Y is 45,000 and the standard deviation of Y is 18,000. The correlation between X and Y is 0.80.

  What is the present worth of the building plan

A plan to build a new tower would involve a building tax that would collect $6,745 each year for all people in a certain city. If the cash flow begins 2 years from now, what is the present worth of the building plan over a 10 year planning period ..

  How many used textbooks will fastidious students buy

To save money, they can put up with some marks and stains. The frugal students are only willing to pay a premium of $8 for a new book instead of a used book. The remaining 300 students are fastidious about their textbooks.

  How much a woman has in her orp account after retirement

A woman is retiring and has 2,000,000 in her ORP account. How long will she be able to withdraw 100,000 per year beginning 1 year from now if the account earns a rate of 4% per year

  What should be the production level if fixed costs rose

If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above.

  Determine the optimal number of units output

A monopoly is considering selling several units of a homogeneous product as a single packge. A typical consumer's demand for the product is Qd= 110-0.5P, and the marginal cost of product is 140. A. Determine the optimal number of units ot put in a..

  What is the optimal amount of memory

Suppose you are designed a new computer and want to make sure it is optimal for your needs. Random Access Memory can be added to your computer at a cost of $100 per gigabyte. For you the benefit of the first gigabyte of RAM is $800, and the benefi..

  What price and quantity is zenvoxs total revenue maximized

The Zenvox TV Company faces a demand function for its products that can be expressed as Q = 4,000 - P + 0.5i, where Q is the number of tv's, P is the price per tv, and i is the average monthly income. Average monthly income is currently equal to $..

  What is the best course of action for the firm

quantity price/dollars total revenue total variable costs dollars total cost dollars 0 22 0 0 50 20 20 16 66 2 19 38 3 18 54 45 95 4 17 68 59 109 5 16 80 75 125 6 15 90 93 143 7 14 98 112 162 8 13 104 140 190 9 12 108 180 230 10 11 110 230 280

  Is cig demand elastic or inelastic

It is estimated that US tobacco settlement betwwen major tobacco companies and 46 states caused the price of cigs to jump by 45 cents per pack (21 per cent) and overall per capita cig consumption to fall by 8.3 per cent. What is the elasticity of ..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd