Homework Answers
In 2014 price index is 110 and in 2015 price index is 115
Real GDP in 2014 is 13974*100/110 = 12703.64 and real GDP in 2015 is 17937.8*100/115 = 15598.09
Real GDP growth rate = (15598.09 - 12703.64)*100/12703.64 = 22.78%
Inflation rate = (115 - 110)*100/110 = 4.54%
Here A, B and C are correct but D is incorrect
Select D.
Add Answer to:
See H 2015 1965 an billlons of 2015 dolars) $17,937.8 $4,365.1 TOTAL GDP $12.267.9 $2,603.7 Consumption...
Question: Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate...
Question: Calculate the growth rate1of "Brazil" GDP and whether they are a BEM (you must calculate this to get full credit; find the appropriate numbers first) 1 (Growth rate as a percentage= (year2-year1)/year1 x 100) EXAMPLE (For Philippines): Economy of the Philippines Statistics GDP $284.556 billion nominal (2014) $692.223 billion PPP (2014) GDP rank 39th nominal (2014) 29th PPP (2014) GDP growth 5.6% (Q2 2015) GDP per capita $2,828 (2014) (nominal 126th) $6,986(2014) (PPP) The GDP is calculated as: GDP = Consumption + Investment...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in 2014 and reported a GDP deflator of 85 in 2015 and 100 in 2014. What happened to real output and prices from 2014 to 2015? a. Real output and prices both rose. b. Real output fell and prices rose. c. Real output rose and prices fell. d. Real output and prices both fell. 14. A country reported a nominal GDP of $85 billion in...
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) , and real GDP _____ (Decreased...
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) ,
and real GDP _____ (Decreased or increased)
The inflation rate in 2015 was __ (-30%, 0.3%, 76.9%, or
130%)
Consider a simple economy that produces two goods: cupcakes and erasers. The following table shows the prices and quantities of the goods over three-year period Cupcakes Erasers Price Quantity (Number of cupcakes) 125 135 100 Price Quantity (Number of erasers) 155 210 200 (Dollars per cupcake) (Dollars per eraser) Year...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries,...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries, A and B, that trade with each other The countries use a common currency, so nominal variables are comparable across countries. The total production of these countries is summarized in the following tables Country A Apples Country B Apples Oranges Peaches year year uant ice quant rice uant ice quant ice 2014 1.000 $0.90500$2.00 2015 1.200 $1.00550$2.00 2014 2,000 $0.90500 $3.00 2015 1,900 $1.00 600...
Nominal GDP 2015 Real GDP 2015 Nominal GDP 2016 Real GDP 2016 25 25 40 39...
Nominal GDP 2015 Real GDP 2015 Nominal GDP 2016 Real GDP 2016 25 25 40 39 The inflation rate between 2014 and 2015 was 4%. The price level change or inflation rate between 2015 and 2016 would be (inflation/deflation/hyperinflation/stagflation/superinflation/disinflation)
Assume this economy only produces Pens, Limes, and Computers. Pens Limes Computers 2014 Price $1.00 $0.50 $100 2014 Quantity 100 200 10 2015 Price $1.10 $0.60 $103 2015 Quantity 110 210 1...
Assume this economy only produces Pens, Limes, and Computers. Pens Limes Computers 2014 Price $1.00 $0.50 $100 2014 Quantity 100 200 10 2015 Price $1.10 $0.60 $103 2015 Quantity 110 210 12 1. What is the Nominal GDP growth rate (per cent) for 2015? 2. What is the Real GDP growth rate (per cent) for 2015? Assume the standard basket of goods is 2 pens, 10 limes, and one computer. 3. What is the inflation rate (per cent) for 2015? ...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012...
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
Suppose that nominal GDP was $900000.00 in 2005 in Orange Country California. In 2015, nominal GDP...
Suppose that nominal GDP was $900000.00 in 2005 in Orange
Country California. In 2015, nominal GDP was $11750000.00 in Orange
Country
Part 1 (1 point) See Hint Suppose that nominal GDP was $9000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11750000.00 in Orange County California. The price level rose 1.50% between 2005 and 2015, and population growth was 4.50%. Calculate the following figures for Orange County California between 2005 and 2015. Give all answers to two...
QUESTIONS Trillions of dolars GDP Consumption Government spend Exports Imports Budget balance Given the values in t...
QUESTIONS Trillions of dolars GDP Consumption Government spend Exports Imports Budget balance Given the values in the table, what must net capital inflow equal? Net capital inflow = $_ place.) trillion. (Round to one decimal QUESTION 6 GDP Consumption Government spending Exports Imports Budget balan Use the information in the table to compute Investment spending for that hypothetical economy. (You can either use the expenditures approach to GDP equation or apply the investment - Saving identity). Round to one decimal...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in 2014 and reported a GDP deflator of 85 in 2015 and 100 in 2014. What happened to real output and prices from 2014 to 2015? a. Real output and prices both rose. b. Real output fell and prices rose. c. Real output rose and prices fell. d. Real output and prices both fell. 14. A country reported a nominal GDP of $85 billion in...
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) ,
and real GDP _____ (Decreased or increased)
The inflation rate in 2015 was __ (-30%, 0.3%, 76.9%, or
130%)
Consider a simple economy that produces two goods: cupcakes and erasers. The following table shows the prices and quantities of the goods over three-year period Cupcakes Erasers Price Quantity (Number of cupcakes) 125 135 100 Price Quantity (Number of erasers) 155 210 200 (Dollars per cupcake) (Dollars per eraser) Year...
Question B.1: National Accounts [28 points] Consider a world that consists of only two countries, A and B, that trade with each other The countries use a common currency, so nominal variables are comparable across countries. The total production of these countries is summarized in the following tables Country A Apples Country B Apples Oranges Peaches year year uant ice quant rice uant ice quant ice 2014 1.000 $0.90500$2.00 2015 1.200 $1.00550$2.00 2014 2,000 $0.90500 $3.00 2015 1,900 $1.00 600...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
Suppose that nominal GDP was $900000.00 in 2005 in Orange
Country California. In 2015, nominal GDP was $11750000.00 in Orange
Country
Part 1 (1 point) See Hint Suppose that nominal GDP was $9000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11750000.00 in Orange County California. The price level rose 1.50% between 2005 and 2015, and population growth was 4.50%. Calculate the following figures for Orange County California between 2005 and 2015. Give all answers to two...
QUESTIONS Trillions of dolars GDP Consumption Government spend Exports Imports Budget balance Given the values in the table, what must net capital inflow equal? Net capital inflow = $_ place.) trillion. (Round to one decimal QUESTION 6 GDP Consumption Government spending Exports Imports Budget balan Use the information in the table to compute Investment spending for that hypothetical economy. (You can either use the expenditures approach to GDP equation or apply the investment - Saving identity). Round to one decimal...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago