Determining nominal output problem

Assignment Help Accounting Basics

Reference no: EM1369900

Suppose that nominal output rises from $12.5 trillion in 2005 to $13 trillion in 2006. Assume also that the GDP deflator rises from 100 to 105.

a. What is the percentage increase in nominal output?

b. What is the percentage increase in the price index?

c. How much has real output increased (in dollars)?

d. What is the percentage increase in real output?

e. By how much would the price index have had to rise for real income to remain constant?

Reference no: EM1369900

Questions Cloud

Business resolve an hr issue : Strategic Result In this section, share how this technology recommendation will create a strategic approach to solving the problem chosen.

Determine seperate total of positive and negative numbers : Read set of 40 positive and negative numbers entered from keyboard and determine seperate total of positive and negative numbers. How to show modular design of above statement

Determine quantity and price : BMW has MC=$20,000 and FC=$10billion. Demand for markets in Europe and US are Qe=4,000,000-100Pe and Qu=1,000,000-20Pu. Prices and Costs are given in thousands.

Determining role of cost manager : What does the cost manager do? What information does the cost manager get and how does he use it? What decision does the cot manager make about production and how does it affect shareholders?

Determining nominal output problem : Suppose that nominal output rises from $12.5 trillion in 2005 to $13 trillion in 2006. Assume also that the GDP deflator rises from 100 to 105.

Draw the graph and label to identify the market structure : Assume your boss purchase out every single pizza store in the US. Your cost-demand conditions are as follows: profit maximizing quantity - 60 pizzas; price - 20$ per piece;

Prepare a training plan to increase effectiveness of groups : Prepare a training plan to increase the effectiveness of groups and teams through a discussion of the challenges and benefits of group and team communication, collaboration, and conflict management.

Find maximum number of telephone supported by office : Average telephone is used to make four calls per 8-hour workday, with mean call duration of six minutes. Ten percent of calls are long distance. Determine maximum number of telephones an end office can support?

Solving the numerical on concepts of costs : Given the quantity and total fixed and variable costs, compute the remaining costs the complete the following table.

User Account

All Pages