The GDP deflator was 102.86 for 2009 and 104.37 for 2010.a)What is the growth rate of nominal GDP between 2009 and 2010?b)What is the inflation rate from 2009 to 2010?c)What is the growth rate of real GDP from 2009 to 2010? 相关知识点: 试题来源: 解析 a)[9,254.6/8,759.9 -1...
A. Calculate the rates of growth of nominal GDP and real GDP for 1994. B. What was the inflation rate (as measured by the GDP deflator) for 1994? C. Quextion 7 相关知识点: 试题来源: 解析 (a)Nominal GDP1993=6250 billion; and nominal GDP1994=6550 billion; 反馈...
2. Which contributes more to GDP—the production of an economy car or the production of a luxury car? Why?答：豪华汽车市场价值高，所以对GDP贡献大。（一对一比较）3. A farmer sells wheat to a baker for $2. The baker uses the wheat to make bread, which is sold for $3. What is the...
22.(4.0)An economy produces 2 items,ifthe base year is 2019,the growth rate of GDPdeflator in 2020,is %Item1 Quantity Price Item2 Quantity Price2019 1000 10 500 52020 2000 20 500 10 1个回答 夷翊老师 优质答主 应答时长 关注 展开全部 摘要 GDP deflator in 2020 = (Nominal GDP in 2...
What is the value of using real GDP instead of nominal GDP? Consider the following data on U.S. GDP: a. What was the growth rate of nominal GDP between 1994 and 2014? b. What was the growth rate of the GDP deflator between 1994 and 2014? c. What was real GDP in 1994 measured ...
An emerging country has a real GDP of 1443.1. After one year, real GDP has grown to 1472.0. In percentage terms, what is the growth rate? Why has nominal GDP increased faster than real GDP in the United States over ...
GDP Growth: This is the annual percentage growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing. GDP Per Capita, in Current U.S. Dollars: This is nominal GDP divided by the number of people in a country. GDP per capita measu...
Nominal GDP for the year 20X7 is 784.billion an. real GDP is 617 billion. If the base period for the GDP deflator is 20X1, the annual rate of increase in the GDP deflator since the base year is closest to : A. 4.5%. B. 3.5%. C. 4.0%. ...
GDP Growth: This is the annual percentage growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing. GDP Per Capita, in Current U.S. Dollars: This is nominal GDP divided by the number of people in a country. GDP per capita measu...
Thus, the percentage change in the GDP deflator is zero. Likewise, output levels did not change from 2009 to 2010. This means that the percentage change in real GDP is zero. 6. a. The growth rate of nominal GDP is ($9,873 ? $9,269)/$9,269 ? 100% = 6.5%. b. The growth ...