Calculate growth rate of nominal gdp

Assignment Help Macroeconomics

Reference no: EM1313875

Consider the following data on US GDP

Year	Nominal GDP(in billions $)	GDP Deflator(base year 1996)
2000	9,873	118
1999	9,269	113

a. What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).

b. What was the growth rate of the GDP deflator between 1999 and 2000?

c. What was the real GDP in 1999 measured in 1996 prices?

d. What was real GDP in 2000 measured in 1996 prices?

e. What was the growth rate of real GDP between 1999 and 2000?

f. Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain?

Reference no: EM1313875

Questions Cloud

Concept of depreciation of plant assets : Concept of depreciation of plant assets through short questions and For income statement purposes, depreciation is a variable expense if the depreciation method

Normal approximation to determine probability : Use normal approximation to determine probability that x = 2. Illustrate all work.

Fed makes open market bond purchases : Explicate Illustrate what happens to the interest rates when the Fed makes open market bond purchases.

Calculation of depreciation for plant assets : Calculation of depreciation for plant assets and determine the depreciation expense for the second year on this asset?

Calculate growth rate of nominal gdp : What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).

Evidence of a significant difference : Is there evidence of a significant difference in the proportion who get their news primarily from newspapers between those 36 to 50 years old and those above 50 years old? (use α = 0.05)

Computation the expected amount of disposable income : Computation the expected amount of disposable income of project and what is the expected amount of disposable income the landlord will have facing this risky situation? Is this a fair gamble.

Each camera requires one lens : Each camera requires one lens. Explain how many cameras will Cam co produce also Illustrate what price will be charged for each.

Journal entries for recording transactions : Journal entries for recording transactions of disposition and purchase of asset - Prepare the journal entries to record the transactions April1 and August 1, 2007.

User Account

All Pages