User Account

All Pages

Compute the value of the price index for gdp

Assignment Help Macroeconomics
Reference no: EM1334465

Use the following data to answer questions 1-3 (be sure to provide all calculations).

Quanity Prices

Year CD's Tennis Racquets CD's Tennis Racquets
2005 90 180 $18 $100
2006 100 190 $20 $110

Calculate the value of the price index for GDP for 2006 using 2005 as the base year. By what percent did prices increase?

Now calculate real GDP for 2005 and 2006 using 2006 prices. By what percent did real GDP grow?
Review the GDP information for the past few years from the Bureau of Economic Analysis's Website. Provide a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.
Be sure to show your work for each calculation.

 

Reference no: EM1334465

Questions Cloud

Illustrate what trends do you see in the data sets : Illustrate what trends do you see in the data sets. Support your assertions of trends with statistical evidence.
Explain description of conjoint analysis : Description of Conjoint Analysis - Can you provide the reports which you assisted with in the past as well as the capstone final submission project.
What exactly are static and dynamic chains : Do I have although information to do this problem and What exactly are the static and dynamic Chains? I am not a programmer and I am trying to get this right.
The optimal strategy : With today's strain on revenue and cash flow, external auditors are getting squeezed to lower their fees. And they have to in order to keep business.  What do you think would be the optimal strategy?
Compute the value of the price index for gdp : Compute the value of the price index for GDP for 2006 using 2005 as the base year. By what percent did prices increase.
Show the value of understanding job analysis information : Value of understanding job analysis information - What is the value of understanding job analysis information as an operating manager?
Develop a linear programming model : The company has 1500 units of foam backing available for use. Develop a linear programming model for this problem. What is the objective function of this linear problem?
Create a program to compute numeric grades for a course : Write down a program to compute numeric grades for a course. The course records are in a file that will serve as the input file. The input file is in exactly the following format: Each line contains a student's last name, then one space, then the ..
By how much has the franc enchanced or depreciated : By how much has the Franc enchanced or depreciated against the dollar.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd