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- C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 -What will the percent rate of change in real GDP be from year 1 to year 2, from year 2 to year 3, and from year 3 to year 4. (round to the whole number for all calculations and final answers) -State how long it will take for real GDP to double in size.Illustrate how we may convert actual dollars into constant dollars of the base year or vice versa?What is the value of year 2's output in real dollars?
- The “prime” interest rate is the rate that bankscharge their best customers. Based on the nominalinterest rates and inflation rates in Table 19.10, inwhich of the years would it have been best to be alender? Based on the nominal interest rates and inflationrates in Table 19.10, in which of the years given wouldit have been best to be a borrower?Suppose an economy's growth rate in real GDP is 3% and its inflation rate is 5%. Given this information, what should be the approximate change in nominal GDP? A. 8% B. -2% C. 2% D. 15%Suppose that the real GDP of a country was $90 billion in the first quarter of 2021 and $100 billion in the second quarter of 2021, the BEA reported that the U.S. economy grew % when annualized?
- стор 0 The goverment report that (GDP) Increased by 1.6 6 1.6 percent in the last quater. This statement means that GOP Increased @by 6.4 percent for the year (6) rate of 6.4 percent 1 at an annual rate of 6.4 during last quater Ⓒ) at an annual rate of 1.6 during the las quater d at an annual rate of 4 4 percent during the last quater.Assume real GDP in 2019 was $17,230 billion, nominal GDP in 2020 was $18,316 billion, and the GDP‑deflator has increased from 100 in 2019 to 113 in 2020. a. What is the annual growth rate of real GDP? b. Do you think the welfare of all people in the U.S. has increased during that time? Why or why not? c. Calculate the inflation rate in 2020.(2)The data below show the NOMINAL GDP (Y) and GDP deflator (P) for an economy over a five-year period. Year 2. 3. 4 750 780 796 829 892 Y 130 133 135 136 141 (a)For this economy, compute the short term and long-term growth rates. (Round figures to 2 decimal points) (b)Find the average rate of inflation for the entire five-year period
- Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?Year 1995 1996 1997 1998 1999 2000 2001 2002 Select one: What was growth in real GDP in 2001? a. 2.85% Ob. 3.4% C. 5.32% Od. 0.53% 3.28% Nominal GDP (billions) $7,400.6 e. $7,813.2 $8,318.4 $8,781.5 $9,268.6 $9,872.9 $10,208.1 $10,383.1 Real GDP (billions) CPI (1983 = 100) 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9Consider the scenario in the table below for two economies, Economy D and Economy E. Note that the two economies are identical in every aspect except for the saving (or investment) rate s. Ko No ak 0.3 0.3 n d Economy D Economy E 10 1 0.25 0.1 10 1 0.15 0.1 The GDP of economy D in period 10 (i.e., Y10) is equal to_ (Round your answers to 1 decimal point.)
