The relationship between inflation rate and growth rate of real GDP 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 Rate
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- The total price of purchasing a basket of goods in the United Kingdom over four years is: year 1=940, year 2=970, year 3=1000, and year 4=1070. Calculate two price indices, one using year 1 as the base year (set equal to 100) and the other using year 4 as the base year (set equal to 100). Then, calculate the inflation rate based on the first price index. If you had used the other price index, would you get a different inflation rate? If you are unsure, do the calculation and find out.Asap The inflation rate between 2017 and 2018 is estimated at ___________ Year Nominal GDP Real GDP RGDP Growth Rate GDPD Inflation Rate 2016 18,715.0 17,688.9 - ? - 2017 19,519.4 18,108.1 ? ? ? 2018 20,580.2 18,638.2 ? ? ?Discuss thoroughly 1 macroecomic issue (except inflation) in the Philippines and explain throughly why it is relevant nowadays.
- The Consumer Price index in 2015 was 115 and increase to 125 in 2016, Calculate rate of inflation in 2016The CPI inflation rate from 1982 to 2002 is ________ and from 2002 to 2022 is ________. The difference in the rates of inflation is ________. A. 46.9 percent; 33.7 percent; -13.2 percentage points B. 46.9 percent; 33.7 percent; -28.1 percentage points C. 88.4 percent; 50.9 percent; -42.4 percentage points D. 88.4 percent; 50.9 percent; -37.5 percentage pointChapter 5: Chain-type growth rate, GDP deflator, Consumer Price Index (CPI), and Inflation Product Quantity Price Year 1 Cereal 1,000 $1.00 Beef 700 $2.00 Doughnuts 600 $0.50 Year 2 Cereal 1,400 $1.10 Beef 600 $2.50 Doughnuts 500 $0.75 year 1 is the base year, what is the consumer price index (CPI) in year 2? If year 1 is the base year, what is the inflation rate between year 1 and 2?
- 4. In 2020, nominal gross domestic product (GDP) in the United States shrank 2.3%. Meanwhile, population growth was 1.2%. What was the inflation rate if the real GDP per capita shrank by 2%? a. -1.5% b. -5.5% c. 1.5% d. 2.1% e. 2.3% wo can expect Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Which statement best describes U.S. inflation between 1982 and 2000? A. It was virtually nonexistent. It was consistently high, often climbing into the double digits. B. It was widely variable, swinging from zero to over 10%. C. It was neither very high nor very low.Calculate the inflation rate for 2007-2008 2008-2009 2014-2015 2015-2016
- The average annual cost(tuition, fees, and room and board) at four-year private universities rose from $6,070in 1980 to $29,257 in 2004. Calculate the percentage rise in cost from 1980 to2004, and compare it to the overall rate of inflation as measured by the Consumer Price Index. The Consumer Price Index for 1980 is82.6and the Consumer Price index for 2004 is 188.9.The percentage rise in cost from 1980 to 2004 is %??(Round to the nearest tenth as needed.)* Constant or real dollars are terms describing income after adjustment for inflation. Following chart outlines Zara's (parent company Inditex) annual revenue between 2007 - 2021: Based on the revenue and consumer price index outlined, calculate Zara's 2021 revenue in 2007 real dollars. Year Average CPI Sales in Billion US Dollars 2007 207.34 12.93 2008 215.25 15.11 2009 214.56 15.55 2010 218.08 16.64 2011 224.92 18.94 2012 229.59 20.51 2013 232.95 22.38 2014 236.72 23.75 2015 237.00 23.20 2016 240.01 25.45 2017 245.12 28.91 2018 251.10 30.81 2019 255.65 31.54 2020 258.85 23.55 2021 270.97 31.76 22.74 Billion USD 41.5 Billion USD 31.76 Billion USD 24.3 Billion USD 9.89 Billion USDYear Quantity of bubble tea Price of bubble tea Quantity of kangaroo steaks Price of kangaroo steaks 20162016 1010 $4dollar sign, 4 55 $8dollar sign, 8 20172017 1210 $6dollar sign, 6 65 $12dollar sign, 12 20182018 1510 $5dollar sign, 5 65 $10 For the above economy where only bubble tea and kangaroo steaks are traded, what is the inflation rate for 2017 using 2016 as a base year? Group of answer choices 100% 75% 180% 150%
