Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole. (2 paragraphs)
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Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole. (2 paragraphs)
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- Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole.Thoroughly discuss and explain the high rate of unemployment in the Philippines and what are the effects on our economy.Suppose CPI in 2022 was 300, and CPI in 1995 was 150. The price pf a pound of tomatoes in 1995 was $0.68. The price of a pound of tomatoes in 2022 was $1.90. What would the price of the 2022 tomato be in 1995 dollars? That is, how much money would you need in 1995 to buy what $1.90 would buy in 2022? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Prepare a chart that compares India, Spain, and South Africa based on the data you find. Describe the key differences between the countries. Rank these as high-, medium-, and low-income countries, explain what is surprising or expected about this data.4. Calculate the growth rate of real GDP in 1998. 5. Calculate the growth rate of nominal GDP in 1998. 6. Calculate the CPI for 1997. 7. Calculate the inflation rate for both 1997 and 1998.Describe the current state of two economic indicators [ i.e. inflation] in the Philippines and how they affect the economy as a whole. (Essay type)
- Using data from Table 19.5 how much of the nominal GDP growth from 1980 to 1990 was real GDP and how much was inflation?Clarify statement: "Economic growth, when accounting for inflation, is the increase or improvement in the market value of goods and services. "What is the percentage increase in prices based off the given CPIs below? Year 1=100, Year 2=120, Year 3=125, Year 4=150, Year 5=165.
- What is the percentage increase in prices based off the given CPIs below? Year 1=100, Year 2=120, Year 3=125, Year 4=150, Year 5=165. 2. Using the CPIs from “B” why is the percent change in prices from Year 3 to Year 4 NOT 25%? What is the actual percentage increase? Explain. ANSWER QUESTION 2Which of the following statements is correct? a. The CPI can be used to compare dollar figures from different points in time. b. The percentage change in the CPI is a measure of the inflation rate, but the percentage change in the GDP deflator is not a measure of the inflation rate. c. Compared to the consumer price index (CPI), the GDP deflator is the more common gauge of inflation. d. The GDP deflator better reflects the goods and services bought by consumers than does the CPI.- The table below contains data for the country of Batterland, which produces only Local bread and pancakes. The base year is 2013. Year Price of Local bread Quantity of Local bread Price of pancakes Quantity of pancakes 2013 9 60 5 170 2014 10 70 6.5 170 2015 11 80 8 250 - Compute: - Nominal GDP. - Real GDP. - GDP deflator. - Inflation rate in 2015.
