Refer to Table below. Given the following information, calculate the rate of increase in the price level from 2015 to 2016. Calculate the GDP deflator for 2015and 2016 and find the rate of inflation using the percent change formula.     2015 2016 Nominal GDP       $10,000       $15,000 Real GDP           9,500         10,500

In 2012 the nominal value for household spending on food and beverages was equal to $17593m and in 2021 it was $23888m.  Using the most appropriate price index from the list below, calculate the percentage change in real household spending on food and beverages from 2012 to 2021 and answers the questions below.                                                                                       2012             2021CPI (Food)                                                                    961              1057CPI (All groups)                                                           949              1068PPI (Outputs - Food manufacturing)                     1031               1171Import price index (food and beverages)              1436               1306 The percentage change in nominal household spending on food and beverages is equal to?

You are trying to decide whether to use the GDP deflator or the CPI to calculate the inflation rate in an economy. You will decide to use the GDP deflator if Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a you want to make sure you include all goods and services captured in GDP b you are only concerned about prices that firms face C you are only concerned about prices consumers face d you want to make sure you include all transactions that take place in the economy

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.