Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domestic product (GDP) is an important macroeconomic variable. If in 2010 GDP was $11,150 billion dollars, and GDP increased to $11,766 billion in 2011, what is the growth rate of the U.S. economy in 2011? %. (Enter your response rounded to one decimal place.)

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Q: which of the below statements about the U.S. GDP do you think is INCORRECT?   Group of answer…

A: * ANSWER :-  The OPTION C is answer

Q: Suppose the nominal GDP of country X in 2013 was equal to 10000. The deflator index in 2014 was 107%…

A:

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A: 2013 2014 2015 Product Q P Q P Q P Sugar Cane 240 0.8 240 1 300 1.15 Yo-Yos 600 2.5 700 3…

Q: If nominal GDP rose, does that mean that production had to increase as well? Why or why not? What…

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Q: Suppose the following are data for a given year from the annual Economic Report of the President.…

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Q: Suppose that in 2011 Nominal GDP was $14 trillion and the Real GDP was $12 trillion. If Nominal GDP…

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Q: Investment is a     small part of GDP so it accounts for a small share of the fluctuation of…

A: Answer - Investment = Investment is buying of goods which is used  to create future wealth. 1. small…

Q: Real per capita GDP in the United States in 2015 was approximately.

A: Real GDP is the GDP which is adjusted to the inflation

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Q: How Real GDP is measured? Explain Real GDP of the United States at present time.

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Q: Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars…

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Q: The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau…

A: [GDP deflator = Nominal GDPReal GDPx100]   [Percent Increase in Price Level (INFLATION) = GDP…

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A: Nominal GDP is inferred by increasing the present year amount yield by the present market cost.

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Q: Suppose nominal GDP in 2018 was $180,000,000 and in 2019 it was $185,000,000. The GDP price index in…

A: 1. Real GDP = nominal GDP / price level  Price Index 2018 = 150/100 = 1.5 Price Index 2019 = 153/100…

Q: Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars…

A: Nominal GDP in the year 1 = Total value of goods produced at current prices  =3x$4=$12 Nominal GDP…

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Q: What does GDP attempt to measure?

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Q: Solve the attachement.

A: The formula to calculate the GDP deflator is: GDP deflator=Nominal GDPReal GDP×100

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Q: Suppose a country reported a nominal GDP of 85 billion in 2019 and 100 billion in 2018 and reported…

A:

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