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2018 GDP (in 2018 currency units) 395,000 million 2018 GDP (in 2010 currency units) 417,500 million 2019 Consumption (in 2019 currency units) 184,500 million 2019 Central (Federal) Government Spending (in 2019 currency units) 55,500 million 2019 Local Govemment Spending (in 2019 currency units) 57,000 million 2019 Investment (in 2019 currency units) 111,500 million 2019 Exports (in 2019 currency units) 127,500 million 2019 Imports (in 2019 currency units) 138,500 million 2019 Consumption (in 2015 currency units) 178,500 million 2019 Central (Federal) Government Spending (in 2015 currency units) 53,000 million 54,000 million 2019 Local Govemment Spending (in 2015 currency units) 2019 Investment (in 2015 currency units) 105,500 million 2019 Exports (in 2015 currency units) 164,000 million 2019 Imports (in 2015 currency units) 130,000 million 2018 Population 2.685 million 2019 Population 2.690 million Calculate the imaginary country's real GDP growth between 2018 and 2019. 1. Calculate the imaginary country's real GDP per capita growth between 2018 and 2019. 1. Calculate the imaginary country's inflation (using the GDP deflator method) between 2018 and 2019.

2018 GDP (in 2018 currency units) 395,000 million 2018 GDP (in 2010 currency units) 417,500 million 2019 Consumption (in 2019 currency units) 184,500 million 2019 Central (Federal) Government Spending (in 2019 currency units) 55,500 million 2019 Local Govemment Spending (in 2019 currency units) 57,000 million 2019 Investment (in 2019 currency units) 111,500 million 2019 Exports (in 2019 currency units) 127,500 million 2019 Imports (in 2019 currency units) 138,500 million 2019 Consumption (in 2015 currency units) 178,500 million 2019 Central (Federal) Government Spending (in 2015 currency units) 53,000 million 54,000 million 2019 Local Govemment Spending (in 2015 currency units) 2019 Investment (in 2015 currency units) 105,500 million 2019 Exports (in 2015 currency units) 164,000 million 2019 Imports (in 2015 currency units) 130,000 million 2018 Population 2.685 million 2019 Population 2.690 million Calculate the imaginary country's real GDP growth between 2018 and 2019. 1. Calculate the imaginary country's real GDP per capita growth between 2018 and 2019. 1. Calculate the imaginary country's inflation (using the GDP deflator method) between 2018 and 2019.

Economics (MindTap Course List)
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 2QP
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2018 GDP (in 2018 currency units) 395,000 million 2018 GDP (in 2010 currency units) 417,500 million 2019 Consumption (in 2019 currency units) 184,500 million 55,500 million 2019 Central (Federal) Government Spending (in 2019 currency units) 2019 Local Govemment Spending (in 2019 57,000 million currency units) 2019 Investment (in 2019 currency units) 111,500 million 2019 Exports (in 2019 currency units) 127,500 million 2019 Imports (in 2019 currency units) 138,500 million 2019 Consumption (in 2015 currency units) 178,500 million 2019 Central (Federal) Government Spending (in 2015 currency units) 53,000 million 2019 Local Govemment Spending (in 2015 currency units) 54,000 million 2019 Investment (in 2015 currency units) 105,500 million 2019 Exports (in 2015 currency units) 164,000 million 2019 Imports (in 2015 currency units) 130,000 million 2018 Population 2.685 million 2019 Population 2.690 million Calculate the imaginary country's real GDP growth between 2018 and 2019. 1. Calculate the imaginary country's real GDP per capita growth between 2018 and 2019. 1. Calculate the Imaginary country's inflation (using the GDP deflator method) between 2018 and 2019. 1. Calculate the imaginary country's real domestic savings in 2019.
Transcribed Image Text:2018 GDP (in 2018 currency units) 395,000 million 2018 GDP (in 2010 currency units) 417,500 million 2019 Consumption (in 2019 currency units) 184,500 million 55,500 million 2019 Central (Federal) Government Spending (in 2019 currency units) 2019 Local Govemment Spending (in 2019 57,000 million currency units) 2019 Investment (in 2019 currency units) 111,500 million 2019 Exports (in 2019 currency units) 127,500 million 2019 Imports (in 2019 currency units) 138,500 million 2019 Consumption (in 2015 currency units) 178,500 million 2019 Central (Federal) Government Spending (in 2015 currency units) 53,000 million 2019 Local Govemment Spending (in 2015 currency units) 54,000 million 2019 Investment (in 2015 currency units) 105,500 million 2019 Exports (in 2015 currency units) 164,000 million 2019 Imports (in 2015 currency units) 130,000 million 2018 Population 2.685 million 2019 Population 2.690 million Calculate the imaginary country's real GDP growth between 2018 and 2019. 1. Calculate the imaginary country's real GDP per capita growth between 2018 and 2019. 1. Calculate the Imaginary country's inflation (using the GDP deflator method) between 2018 and 2019. 1. Calculate the imaginary country's real domestic savings in 2019.
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