3 GDP calculations Consider the following tables of production. Products 1950 Prices 1950 Quantities 1980 Prices Market Activities 20 10 40 1980 Quantities 20 2024 Prices 80 2024 Quantities 40 Home Activities 10 10 8 12 6 14 Table 2: Product prices and quantities These tables correspond to the Years 1950-1980-2024. (a) Compute, using the GDP of market actitivities, the Real GDP in all years using the prices of 1980. Obtain the growth rate from 1950 to 1980 and from 1980 to 2024 (b) Assume we could have used data from Home Activities. Compute the counterfactual GDP that could have included Home Activities. That is, compute the GDP that could have been calculated if we could have obtained that data and treated home activities as a market transaction. (c) How would the growth figure change? Would growth calculations been higher?

Year Waffles(Quantity) Waffles(Price) Orange Juice(Quantity) Orange Juice(Price) Toaster Ovens(Quantity) Toaster Ovens(Price) 2010 1000 $0.80 400 $4 280 $22 2011 1200 $0.90 410 $5 300 $25 2012 1500 $1 420 $6 300 $28 The above, like I said, is production data.  Consumption data is as follows: the average citizen consumes 80 waffles, 20 units of orange juice and 10 toaster ovens.  2010 is the base year for all calculations. Carefully following all directions for entering your answer, tell me the cost (price) of the market basket for 2011.   Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012.   Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012.   Carefully following all directions for entering your answer, calculate the GDP deflator for 2011 for this economy.

2. The following table shows an example of gross domestic product values for five countriesfrom 2005 to 2010 in equivalent U.S. dollars ($). a. How could you improve the readability of this table?b. The file GdPyears contains sample data from the United Nations Statistics Divisionon 30 countries and their GDP values from 2005 to 2010 in U.S. dollars ($). Create atable that provides all these data for a user. Format the table to make it as easy to readas possible.

Unit    7 Practice    Questions    to    be    discussed    in BBCStudents    are    expected    to    attempt    the    questions    before    attending    the    BBC    Session.Selected    questions    will    be    discussed    in    the    BBC    Session.Question    1Suppose    production    and    prices    of    food    and    clothing    (the    only    two    goods    produced    in    this    economy)    in    2006    and    2007    are    as    follows:    (base    year    =    2006)Year Quantity    of    FoodPrice    of    FoodQuantity    of    ClothingPrice     of    Clothing2006 20 $15 15 $52007 60 $18 30 $6Calculate    nominal    and    real    GDP    in    2006    and    2007,    the    GDP    deflator    and    the    growth    rate    in    real    output.Question    2You    have    been    employed    as    the    chief    economist    for    the    economy    UWI    Land.    The    head    statistician    has    provided    you    with    the    following…

Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?

The Economy 2020 to 2022.csv is given as follows:  Please just solve for question 5,the solution to question 4 is also given as follows. Year Month N_Week PCEPI CPIAUCSL ICSA_Week1 ICSA_Week2 ICSA_Week3 ICSA_Week4 ICSA_Week5 2020 1 4 110.944 259.037 217000 203000 211000 200000   2020 2 5 111.07 259.248 191000 186000 190000 196000 190000 2020 3 4 110.824 258.124 186000 221000 2914000 5946000   2020 4 4 110.237 256.092 6137000 4869000 4201000 3446000   2020 5 5 110.353 255.868 2796000 2335000 2176000 1921000 1639000 2020 6 4 110.746 256.986 1575000 1473000 1467000 1446000   2020 7 4 111.072 258.278 1413000 1468000 1393000 1260000   2020 8 5 111.411 259.411 1044000 884000 927000 876000 881000 2020 9 4 111.613 260.029 892000 861000 859000 795000   2020 10 5 111.648 260.286 785000 839000 804000 776000 773000 2020 11 4 111.666 260.813 737000 738000 793000 737000   2020 12 4 112.15 262.035 873000 886000 815000 773000   2021 1 5 112.583 262.65 803000 890000 844000…

Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product)  at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.

FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349 Apr-20 2468 May-20 2532 Jun-20 3127 Jul-20 3288 Aug-20 3285 Sep-20 2485 Oct-20 2723 Nov-20 1835 Dec-20 1894 Consider five years of monthly profit for a company Plot the data and discuss its…

FORCASTING using the data below can you answer the question: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349…

On Fred find the series "real potential Gross Domestic Product" for the United States, for the longest time period you can find.Why is there data for the future years