If real GDP for a given year is $2400 and nominal GDP is $2400, what is the C Deflator?

Q: Suppose nominal GDP is S99,000 and the GDP deflator is 110. Real GDP is:  A $90,000  B $108,900…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 10 bars…

A: In economics, the final demand domestically can be defined as the total demand for final services…

Q: Suppose real GDP is $3,500, what of these is occuring?

A: Given, AEplanned is demand. Now, When supply is more than demand, there would be excess supply. When…

Q: Q2. Assume that a Kia automobiles dealership in Mehrauli, Gurugram transshipped 300 Kia Sonet cars…

A: Expenditure method of GDP : Y = C + I  + G + ( X- M)  A) In September 300 Kia each worth 13 lakh was…

Q: Explain why the GDP component does not include stocks and bonds

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: If I have an economy that produces only one good and in year i the quantity is Qi and the price is…

A: Nominal GDP could be measure multiplying by quantity of current year with current price. Real GDP…

Q: If nominal GDP was roughly $10,000 and the GDP deflator was 110 in 2016, real GDP is closest to a…

A: Here we calculate the real GDP by using the GDP deflator and choose the correct option which are as…

Q: True or False: Gross domestic product (GDP) measures total expenditures on final goods and services…

A: Economic growth in a country occurs when more output can be produced within a specific time period.…

Q: What is the annual growth rate of real GDP?   b. Do you think the welfare of all people in the U.S.…

A: The value of all final goods and services generated by labor and property in a well-defined…

Q: In the base year, nominal GDP O A. may be higher or lower than real GDP. O B. is always greater than…

A: In the base year, nominal GDP is equal to the real GDP. Real GDP measures the total output level…

Q: If nominal GDP rose, does that mean that production had to increase as well? Why or why not? What…

A: Solution- Nominal GDP -  Nominal GDP is a measurement of country's output at current market price .…

Q: If nominal GDP rises from $100 trillion to 20 trillion, while the GDP deflator rises from 2.0 2.2,…

A: Real GDP is used to compute economic growth. The percentage change in real GDP is the GDP growth…

Q: A country has nominal GDP equal to $206.53 billion in 2018. The GDP deflator in 2018 has a value of…

A: Formula Used:

Q: A simple economy produces two goods, Pumpkin Pies and Computer Games. Price and quantity data are as…

A: Nominal GDP is the market value of goods and services produced in an economy, unadjusted for…

Q: Is it possible to figure out nominal GDP and real GDP of each three years with no price or quantity…

A: Nominal GDP refers to the value of GDP which is not adjusted to inflation whereas real GDP refers to…

Q: Why does gross domestic product measure the final value of goods and services produced in a country…

A: Final goods are those goods standard measure of the value-added created by the production of goods…

Q: Suppose that in 2011 Nominal GDP was $14 trillion and the Real GDP was $12 trillion. If Nominal GDP…

A: The gross domestic product (GDP) represents all of the goods and services produced in the country.…

Q: people typically pay more attention to their real income or their nominal income?

A: GDP is used to explain the overall economic welfare of a nation. It is used to calculate the…

Q: If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to…

A: Real gross domestic product is a macroeconomic measure of the value of economic output adjusted for…

Q: Find Nominal GDP if GDP deflator is 136 and real GDP is $16,000

A: The data presented in the question above is:- GDP deflator = 136 Real GDP = $16,000 Nominal GDP is…

Q: Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 10 bars…

A: In an economy, GDP deflator explains the Inflation rate in a specific year because it explains the…

Q: nominal gdp in year 1 is 500. if gdp deflator doubles in year 8 while real output increases by 60…

A: The terms: Nominal GDP: The nominal GDP of a rustic is calculated using current prices and isn't…

Q: I have to do a linear regression on the link between unemploymnet Rate and GDP. I have 10 countries…

A: The formula of GDP deflator:- GDP Deflator=Nominal GDPReal GDP×100 where Nominal GDP is the value of…

Q: If Gdp deflator is equal at 120   it means that  :  1- stagflation  2- deflation  3- inflation…

A: The GDP price deflator measure the changes in prices by comparing nominal GDP to real GDP.

Q: The following table shows the monthly total expenditure in 2010 for an economy expressed in…

A: Growth rates allude to the rate change of a particular variable inside a particular time span. For…

Q: Which of the following is a way to compute real GDP?     a. add up the market values of all final…

A: The value of all goods and services generated by an economy in a given year (expressed in base-year…

Q: If nominal GDP is 42,000 and real GDP is 40,000 what is the GDP deflator?     A.) 1.05     B.) 200…

A: Nominal GDP measures the value of goods and services measured in current year prices while real GDP…

Q: GDP deflator

A: The value of all the goods and services are accounted within a year depicts the GDP (Gross Domestic…

Q: List three real life situations that shows a flaw with using GDP as the only indicator of the…

A: GDP (Gross Domestic Product): It refers to the total market value of all produced final goods and…

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13…

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces…

Q: When GDP is measured in "current prices" it is known as the O A) real GDP. B) nominal GDP. C)…

A: Gross domestic product is the market value of all the services and finished goods being produced…

Q: An economy produces turmeric for consumption, produces Cardamom to export, and imports sesame seeds…

A: a) Using 2015 as base year and calculating GDP for each year; Real GDP=Base year price×Current year…

Q: If nominal GDP was roughly $10,000 and the GDP deflator was 110 in 2016, real GDP is closest to a…

A: Real GDP is the inflation adjusted value , so here we calculate the value of real GDP by using the…

Q: If the nominal GDP is stated as 190 and the Real GNP is 10 find the GNP deflator

A: Basically in easy language we can say that the GNP deflator is considered to be as that price index…

Q: If nominal GNP through expenditure approach is $10000 and real GNP is $10000. Find the GNP deflator.

A: Nominal GNP = $10000 Real GNP = $10000

Q: The table attached gives data on the production and prices in a small economy. Use 2012 as the base…

A: There are two types of GDP: real GDP and Nominal GDP. The Nominal GDP is the money value of goods…

Q: If real GDP grows at an annual rate of 1.19% then we can expect real GDP to double in approximately…

A: We will use the rule of 70 to calculate how many years will it take for the GDP to become its…

Q: How can National Income Accounting be used as an indicator of the improvement in terms of production…

A: The government bookkeeping system that analyses the health of an economy, expected growth, economic…

Q: Explain Circular flow of National Income (diagrammatically) in three sectors economy

A: Circular flow of national income is said to be flow of payments and receipts for any goods or…

Q: What is the relation between Gross Domestic Product (GDP) and Gross Happiness Index (GHI): Select…

A: Gross domestic product (GDP) is the sum of the market value of final products and services…

Q: If nominal GDP for 2017 is $62 trillion and real GDP for 2017 is $46 trillion, then the GDP deflator…

A: The GDP deflator measures the changes in prices for all of the goods and services produced in an…

Q: The gross domestic product (GDP) of a certain country was N(t) = t² + 5t + 106 billion dollars t…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: In Anasville nominal GDP in 2030 is $30,000 and the price index (base of 100 in 2020) stands at 150.…

A: Nominal GDP in 2030 is $30,000  the price index (base of 100 in 2020) stands at 150

Q: Explain any four precautions that should be taken while estimating national income by the production…

A: According to the given question The production method of national income usually denotes that the…

Q: In a model economy scenario LG produced 80,000 dishwashers at $1000 each in USA in 4th quarter of…

A: In value added method, GDP is nothing but the gross value of output in an year  Gross value of goods…

Q: Year Nominal GDP Real GDP Price Index 1 5,200 4,800   2 5,600 5,000 112 3 5,900 5,100       Refer…

A: The GDP price index or GDP deflator is calculated as - Nominal GDP/Real GDP × 100

Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems: