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- C I G NX Yr1 1000 156 560 52 Yr2 1300 159 600 52 Yr3 2000 169 690 53 Yr4 2900 180 880 53 Using the table above state what nominal GDP will be for all four yearsAlex wants to measure the nominal 1998 GDP of $993 billion in 2008 dollars. From the data he gathered, he knows the deflator for 1998 is 30 and for 2008, it is 74, and that real interest in those years was 6.23% and 3.21% respectively. If he avoids making a misleading calculation, what will the value be?uestion 19 Suppose a DVR is bought from China for $200 and sold in the US for $250. GDP will count this as $200. as $250. as a net of $50 ($250 sale minus $200 import). as nothing.
- If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the value of GNP deflator for the current year?GDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal incomeYear 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.
- YEAR QUANTITY PRODUCED PRICE PER UNIT 2015 100 R 35 000 2016 95 R 40 000 2017 108 R 43 000 Calculate the contribution to gross domestic product (GDP) by this industry in 2016 and 2017. Show your calculations. Calculate the contribution to real GDP in 2017 if 2015 is the base year. Show your calculations.Suppose the Consumer Price Index in 2016 is 127.1 with 2002 as the base year a) What is the purchasing power of the dollar compared to 2002 b) What is the real income relative to 2002 of person whose income was $72500(1f) If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is: $25,000 billion. $32,000 billion. $8,000 billion. (1g) For productivity to increase the total number of hours worked has to increase. the value of the production per hour worked has to increase. the total production or output has to increase. (1a) The Helper Company’s customer service representatives received new computers and training on how to utilize them best. In regards to measuring productivity, these new computers and updated technology knowledge have increased profit for the Helper company. increased capital deepening for the Helper company. increased costs for the Helper company. (1b) Of the following examples, which one has little or no effect on labor productivity? The frequency of business cycles. (my guess) Technological change. The quality and quantity of available capital resources. (1c) What can you conclude when a nation’s production possibilities frontier shifts outward?…
- 1. Calculate the value of nominal GDP for 2004.a. PHP800b. P1,060c. P1,200d. P1,460 *base year is 2003An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude his comparison analysis. The nominal GDP in 2000 was $672 billion and $1,690 billion for 2010; the real interest rate was 6.79% in 2000 and 3.71% in 2010; the 2000 deflator was 24 and 51 in 2010. What is the real gain?Calculate the domestic sales by firm A if value added by firm is $16,000 , exports by firm is $9000 and purchase by firm is $3000
