The table below reports nominal and real GDP for the Tunisia from 2016 to 2018. Year...
|
The table below reports nominal and real GDP for the Tunisia
from 2016 to 2018.
What was the growth rate of real GDP for 2017? |
| a. |
8.62%. The economy was expanding. |
|
| b. |
-9.43%. The economy was contracting. |
|
| c. |
-8.62%. The economy was contracting. |
|
| d. |
9.43%. The economy was expanding. |
Homework Answers
Ans is C
Growth rate of real GDP= Real GDP in 2017-Real GDP in 2016/Real GDP in 2016*100
Growth rate=892.8-977/977*100=-8.618%
Economy size decreases by 8.62% and thus economy was contracting
Add Answer to:
The table below reports nominal and real GDP for the Tunisia
from 2016 to 2018.
Year...
4. Real Versus Nominal GDP Aa Aa Consider a simple economy that produces two goods: cupcakes...
4. Real Versus Nominal GDP Aa Aa Consider a simple economy that produces two goods: cupcakes and muffins. The following table shows the prices and quantities for the goods over a three-year period. Prices and Quantities Price of Quantity of Price of cupcakes (6) cupcakes muffins (C) 150 2 2003 200 Quantity of muffins Year 2016 2017 2018 100 150 100 Use the information from the previous table to fill in the following table. Real GDP (Base year 2016) (C)...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes....
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a three-year period. Year 2016 2017 2018 Pencils Price Quantity (Dollars per (Number of pencil) pencils) 125 170 150 Envelopes Price Quantity (Dollars per (Number of envelope) envelopes) 200 230 170 HN Use the information from the preceding table to fill in the following table. Nominal GDP (Dollars Real GDP (Base year...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and oranges. The following table s...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and oranges. The following table shows the prices and quantities of the goods over a three-year period. Year Pencils Oranges Price Quantity Price Quantity (Dollars per pencil) (Number of pencils) (Dollars per orange) (Number of oranges) Year Pencils Oranges Price Quantity Price Quantity (Dollars per pencil) (Number of pencils) (Dollars per orange) (Number of oranges) 2016 2 125 3 155 2017 4 135 3 210 2018...
5 2.5 pts Question 19 Table 8-12 Year 2015 2016 2017 2018 Nominal GDP $7.400 7,813...
5 2.5 pts Question 19 Table 8-12 Year 2015 2016 2017 2018 Nominal GDP $7.400 7,813 8.301 8.760 Real GDP $7.537 7.813 8.165 8.516 Refer to Table 8-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The base year used in calculating real GDP is 2015 2016 2017 2018 2.5 pts Question 20
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018....
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018. Use the information to calculate items (a), (b), and (c): 2018 01 20,04120,411.9 02 | 03 20,658.2 18,511.6 18,665 Nominal GDP (billions of dollars Real GDP (billions of 2012 dollars)18,3241 a. (2 points) Calculate the growth rate of nominal GDP in second and third quarters of b. (2 points) Calculate the growth rate of real GDP in second and third quarters of 2018. 2018....
Need help, please show work 2. The table below provides the nominal and real GDP figures...
Need help, please show work
2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018....
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018. Use the information to calculate items (a), (b), and (c): 2018 02 Nominal GDP (billions of dollars)20,041 Real GDP (billions of 2012 dollars 18,324 Q1 041 20,411.9 03 20,658.2 18,665 18,511.6 a. (2 points) Calculate the growth rate of nominal GDP in second and third quarters of 2018. b. (2 points) Calculate the growth rate of real GDP in second and third quarters of...
Nominal and real GDP The accompanying table shows data on nominal GDP (in billions of dollars),...
Nominal and real GDP The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2007 dollars), and population (in thousands) of Canada in 1966, 1976, 1986, 1996, 2006, and 2016. The Canadian price level rose consistently over the period 1966–2016. Year nominal GDP ( billions of dollars) real GDPBILLIONS OF 2007 DOLLARS POPULATION thousands 1966 64.8 431.9 19998 1976 200 658 23414 1986 524.5 897 26067 1996 857 1104.3 29570 2006 1492.2 1541.7...
Data on Argentina from 2016 to 2018 is displayed in the table. Values are in US...
Data on Argentina from 2016 to 2018 is displayed in the table. Values are in US billion dollars. Fill in the missing information and answer the questions below Nominal GDP (in US billion dollars) GDP Deflator Real GDP (in US billion dollars) 2015 82.55 720.4 2016 557.7 707.2 2017 642.7 88.35 Calculate the GDP growth rate from 2015 to 2016 Calculate the GDP growth rate from 2016 to 2017 What is the inflation rate from 2016 to 2017? What will...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
4. Real Versus Nominal GDP Aa Aa Consider a simple economy that produces two goods: cupcakes and muffins. The following table shows the prices and quantities for the goods over a three-year period. Prices and Quantities Price of Quantity of Price of cupcakes (6) cupcakes muffins (C) 150 2 2003 200 Quantity of muffins Year 2016 2017 2018 100 150 100 Use the information from the previous table to fill in the following table. Real GDP (Base year 2016) (C)...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes. The following table shows the prices and quantities of the goods over a three-year period. Year 2016 2017 2018 Pencils Price Quantity (Dollars per (Number of pencil) pencils) 125 170 150 Envelopes Price Quantity (Dollars per (Number of envelope) envelopes) 200 230 170 HN Use the information from the preceding table to fill in the following table. Nominal GDP (Dollars Real GDP (Base year...
5 2.5 pts Question 19 Table 8-12 Year 2015 2016 2017 2018 Nominal GDP $7.400 7,813 8.301 8.760 Real GDP $7.537 7.813 8.165 8.516 Refer to Table 8-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars): The base year used in calculating real GDP is 2015 2016 2017 2018 2.5 pts Question 20
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018. Use the information to calculate items (a), (b), and (c): 2018 01 20,04120,411.9 02 | 03 20,658.2 18,511.6 18,665 Nominal GDP (billions of dollars Real GDP (billions of 2012 dollars)18,3241 a. (2 points) Calculate the growth rate of nominal GDP in second and third quarters of b. (2 points) Calculate the growth rate of real GDP in second and third quarters of 2018. 2018....
Need help, please show work
2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
Question 2 The following table shows quarterly data of U.S. nominal and real GDP in 2018. Use the information to calculate items (a), (b), and (c): 2018 02 Nominal GDP (billions of dollars)20,041 Real GDP (billions of 2012 dollars 18,324 Q1 041 20,411.9 03 20,658.2 18,665 18,511.6 a. (2 points) Calculate the growth rate of nominal GDP in second and third quarters of 2018. b. (2 points) Calculate the growth rate of real GDP in second and third quarters of...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago