Nominal GDP, Price Index Real GDP, Year Billions (2000 = 100) Billions 1964 $ 663.6 22.13 $. 1974 1500.0 34.73 1984 3933.2 67.66 $. 1994 7072.2 90.26 $. 2004 11,685.9 109.46 $. %24 %24
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- The level of nominal GDP in 2000 was 10.098 billion. The level of nominal GDP in 2021 is projected to be 432.197 billion . Total nominal GDP of this country has increased by. the last 20 years ? % inI. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5The Economy 2020 to 2022.csv is given as follows: Year Month N_Week PCEPI CPIAUCSL ICSA_Week1 ICSA_Week2 ICSA_Week3 ICSA_Week4 ICSA_Week5 2020 1 4 110.944 259.037 217000 203000 211000 200000 2020 2 5 111.07 259.248 191000 186000 190000 196000 190000 2020 3 4 110.824 258.124 186000 221000 2914000 5946000 2020 4 4 110.237 256.092 6137000 4869000 4201000 3446000 2020 5 5 110.353 255.868 2796000 2335000 2176000 1921000 1639000 2020 6 4 110.746 256.986 1575000 1473000 1467000 1446000 2020 7 4 111.072 258.278 1413000 1468000 1393000 1260000 2020 8 5 111.411 259.411 1044000 884000 927000 876000 881000 2020 9 4 111.613 260.029 892000 861000 859000 795000 2020 10 5 111.648 260.286 785000 839000 804000 776000 773000 2020 11 4 111.666 260.813 737000 738000 793000 737000 2020 12 4 112.15 262.035 873000 886000 815000 773000 2021 1 5 112.583 262.65 803000 890000 844000 799000 803000 2021 2 4 112.961 263.638 812000 802000 702000 704000 2021 3 4…
- The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2015. Prices and Quantities Quantity of Cereal Quantity of Milk Year Price of Cereal Price of Milk 2015 2016 $4.00 $1.50 100 120 180 200 $4.00 $2.00 2017 $5.00 150 $2.50 200 2018 $6.00 180 $3.50 240 1. Refer to Table 23-5. For each year listed, calculate real GDP and the GDP deflator, using 2015 as the base year. 2. Refer to Table 23-5. By how much did output grow from 2016 to 2017? 3. Refer to Table 23-5. What was this country's inflation rate from 2016 to 2017? From 2017 to 2018?Papayas Price (2015, base Quantity (2015, year) base year) $12 Watermelon $24 3.74% 1.95% 2.27% 1.24% 1600 400 Price (2019) $26 $18 Quantity (2019) 1300 1200 Consider the table above. Assume that there are only two goods produced in this economy: Papayas and watermelon. If the GDP deflator for 2018 was 122 then the rate of inflation between 2018 and 2019 was: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?
- The country of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 The base year, i.e. the base period, is Year 3. For years 1-3, please obtain the real GDP. Round your answers to the nearest dollar. What is the real GDP for year 1? real GDP: $ What is the real GDP for year 2? real GDP: $ What is the real GDP for year 3? real GDP: $C I G NX Yr1 1000 156 560 52 Yr2 1300 159 600 52 Yr3 2000 169 690 53 Yr4 2900 180 880 53 Using the table above state what nominal GDP will be for all four yearsYear Price of A 2019-base $40 $50 $60 $70 2020 2021 2022 A) 2020 nominal GDP = $ B) 2020 real GDP = $ Quantity of A 10 20 30 40 Price of B $50 $60 $70 $80 Quantity of B 5 10 20 30
- Year: 1973 1974 1975 1976 1977 1978 1979 1980 1981 O 1974 1975 O 1978 Real GDP in 2005 Dollars 1980 (Billions) 4,917 4,889 4,879 5,141 5,377 5,677 5,855 5,839 5,987 % Change from the previous year Using the above table, in which year would you expect the interest rate to be rising? 5.8 -0.6 -0.4 5.6 4.6 5.5 3.2 -0.2 2.5 Civilian Unemployment % (year's end) 4.9 5.6 8.5 7.7 7.1 6.1 5.8 7.1 7.6 Inflation Rate for the CPI (Dec. to Dec.) 6.2 11.0 9.1 5.8 6.5 7.6 11.3 13.5 10.3Between 1960 and 2018 U.S. GDP, measured in dollars of constant purchasing power, expanded about 5.0 times. However, the standard of living only increased by 4 times over this period. Explain the difference.FRED ((Bil. of Chn. 2012 $-Bil. of Chn. 2012 $)*100)/Bil. of Chn. 2012 $, -2* (%-%) 10 5 0 -5 -10 -15 -20 ((Real Gross Domestic Product-Real Potential Gross Domestic Product)*100)/Real Potential Gross Domestic Product - -2*(Unemployment Rate-Noncyclical Rate of Unemployment) 1960 1980 2000 8. Use the graph above to answer the following questions: a) Identify what the two lines above are measuring and list them below. 2020 b) Using the graph, describe how well Okun's Law holds up to the data in times of both expansion and recession/recovery over the business cycle.
