Question

Actual GDP (S Billions) Actual GDP growth rate Real GDP (S Billions) Real GDP growth rate( GDP Price Deflator Rate of inflation Az? 800 100 842 D-? 3% B-7 820 0.714 E#7 01.980 6. The dollar amount of cell A is a) $700 b) $800 c) $850 d) $900 7. The dollar amount of cell B is a) $780 b) $808 c) $827 d) $842 8. The GDP price deflator in cell C (first decimal; no rounding) is a) 100.8 b) 101.5 c) 101.8 d) 1026 9 Actual GDP in cell D (first decimal; no rounding) is a) 861.9 b) 863.0 c) 865.3 d) 869.8 10. The percentage inflation rate (first decimal; no rounding) of cel E is a) 1.0% C) 1.2% d) 1.8% 11. What will likely happen to the short-run aggregate supply curve (SRAS) if ECO 1102G Blue Assignment Winter 2019 Page 3 of8 productivity increases by 2 percent and nominal wages increase by 3 percent? a) SRAS shifts to the right. b) SRAS shifts to the left c) SRAS does not shift 12. What will likely happen to the short-run aggregate supply curve (SRAS) if productivity decreases by 1 percent and nominal wages increase by 1 percent? a) SRAS shifts to the right. b) SRAS shifts to the left. c) SRAS does not shift

Answer 1

Solfn 、 Dallor amount of. Gelt A opton cy : 800

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