In 2014, Apple’s revenue was $183 billion, and it grew to $267 billion in 2018. a. What is the nominal growth rate of Apple’s revenue from 2014 to 2018? b. What is the value of Apple’s 2018 revenue in 2014 dollars? (In 2014, the CPI was 236.7, and in 2018, it was 251.1.) c. What is the real growth rate of Apple’s revenue from 2014 to 2018?
In 2014, Apple’s revenue was $183 billion, and it grew to $267 billion in 2018. a. What is the nominal growth rate of Apple’s revenue from 2014 to 2018? b. What is the value of Apple’s 2018 revenue in 2014 dollars? (In 2014, the CPI was 236.7, and in 2018, it was 251.1.) c. What is the real growth rate of Apple’s revenue from 2014 to 2018?
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Taking The Nation's Economic Pulse
Section: Chapter Questions
Problem 8CQ
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In 2014, Apple’s revenue was $183 billion, and it grew to $267 billion in 2018.
a. What is the nominal growth rate of Apple’s revenue from 2014 to 2018?
b. What is the value of Apple’s 2018 revenue in 2014 dollars? (In 2014, the
c. What is the real growth rate of Apple’s revenue from 2014 to 2018?
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