Nominal GDP (NGDP)Real GDP (RGDP)Estimated ResidentPopulation by Age andSex (1991+) (Annual-Mar)3,970,0004,044,9004,101,3004,148,000|4,196,7004,235,3004,271,0004,317,9004,362,8004,392,5004,417,700Data2003135,1813,970,0002004144,5024,044,9002005154,5594,101,3002006162,937172,0044,148,00020074,196,7002008186,6734,235,3002009189,4064,271,0002010194,3064,317,900Pad2011203,342Page4,362,8004,392,5004,417,7002012213,0252013217,489 Assume that RGDP per capita in NZ typically grows at about 3.8% p.a..Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013periods in terms of our concept of booms and busts.

Real GDP is an estimation of financial yield that represents the impacts of swelling or deflation.…

Nominal GDP (NGDP) Real GDP (RGDP) Estimated Resident Population by Age and ata Sex (1991+) (Annual-Mar) 2003 135,181 3,970,000 3,970,000 2004 144,502 4,044,900 4,044,900 2005 154,559 4,101,300 4,101,300 2006 162,937 4,148,000 4,148,000 2007 172,004 186,673 4,196,700 4,196,700 2008 4,235,300 4,235,300 2009 189,406 4,271,000 4,271,000 2010 194,306 4,317,900 4,317,900 1 2011 203,342 4,362,800 4,362,800 Pade 4,392,500 4,417,700 2012 213,025 4,392,500 2013 217,489 4,417,700

Nominal GDP (NGDP) Real GDP (RGDP) Estimated Resident Population by Age and ata Sex (1991+) (Annual-Mar) 2003 135,181 3,970,000 3,970,000 2004 144,502 4,044,900 4,044,900 2005 154,559 4,101,300 4,101,300 2006 162,937 4,148,000 4,148,000 2007 172,004 186,673 4,196,700 4,196,700 2008 4,235,300 4,235,300 2009 189,406 4,271,000 4,271,000 2010 194,306 4,317,900 4,317,900 1 2011 203,342 4,362,800 4,362,800 Pade 4,392,500 4,417,700 2012 213,025 4,392,500 2013 217,489 4,417,700

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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