Refer to Table below. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): Calculate the the GDP deflator for 2015 and 2016 and the rate of inflation between these two years. Year Nominal GDP Real GDP           2014 $13,399 $12,976           2015   14,078   13,254           2016   14,441   13,312

Assume that in the year 2010, the US Nominal GDP was $15 trillion, while the GDP deflator was 200.  Calculate the US Real GDP for 2010. $30 trillion $300 trillion $7.5 trillion $0.75 trillion

Consider an economy that produces and consumes bread and automobiles. The table includes data for two different years. 2015 2015 Quantity Price 140 $55000 420000 $20 Good Automobiles Bread 2010 Quantity 80 600000 Round answers to to places after the decimal where necessary 2010 Nominal GDP = $ a. Using 2010 as the base year, compute nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI for each year. 2010 Real GDP = $ 2010 Price 2010 GDP deflator = 2010 CPI = $48000 $9 2015 Nominal GDP = $ 2015 Real GDP = $ 2015 GDP deflator = 2015 CPI =

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05   Calculate % change for City A’s total spending from 2010 to 2020 in current dollars. *Results round to the nearest 2 decimal places.  Calculate % change for City A’s total spending from 2010 to 2020 in constant dollars. *Results round to the nearest 2 decimal places.  Why does % change calculated from constant dollars differ from % change calculated from current dollar? Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar.  2010 per capita spending: 2020 per capita spending: Calculate the compound annual growth rate of per capita spending from 2010 to 2020…

The following table gives nominal and real GDP for an economy for two years. Based on the table, in Year 2, the value of the GDP deflator is Year 1 1430.0 1,300 Nominal GDP Real GDP (Round your answer to one decimal place.) The inflation rate between Year 1 and Year 2 is %. (Round your answer to one decimal place.) Year 2 1820.0 1560.0

need help with this one.   Using the data in the table below related to nominal GDP and the chain-weighted price deflators for gross domestic product (e.g., price index for GDP), answer the following questions:

How would I calculate the real GDP increase between the years 2013 and 2003? 2003: Nominal GDP (Billions)- 10,960 Price Index: 82.6 2013: Nominal GDP (Billions)- 16,768 Price index: 101.8

GDP in the U.S. in 2000 was $10.1 trillion dollars and GDP in 2008 was $14.3 trillion. The CPI in 2000 was 172.2 and the CPI in 2008 was 215.3 (The CPI in 2009 was 214.5) What was Real GDP in 2008 (in 2009 $)? $14.25 trillion $11.48 trillion $17.81 trillion $14.35 trillion Question 30 (S What was the economic growth rate between 2000 and 2008? Growth rate= RGDP (2)-RGDP (1) 100 RGDP (1) A

The GDP price index in the United States in 2016 was about 106, and real GDP in 2016 was $17.7 trillion (2012 dollars). The GDP price index in the United States in 2019 was about 112, and real GDP in 2019 was $19.0 trillion (2012 dollars). Calculate nominal GDP in 2016 and in 2019 and the percentage increase in nominal GDP between 2016 and 2019. >>> Answer below to 1 decimal place. ..... Nominal GDP in 2016 is $ trillion. Nominal GDP in 2019 is $ trillion. The percentage ingrease in the nominal GDP between 2016 and 2019 is percent.

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