User Account

All Pages

Find percentage change in the overall price level

Assignment Help Business Economics
Reference no: EM132639842

Question

Suppose that the GDP deflator for the United States increases from 115 to 120 between 2019 and 2020. Briefly explain what this information tells you?about:

i. The percentage change in the overall price level between the two years.

Between 2019 and? 2020, the overall price level measured by the GDP deflator increased by ____ percent. ?

(Enter your response rounded to two decimal? places.)

ii. The percentage change in the real GDP between the two years.

Between 2019 and? 2020, the percentage change in real GDP between the two years was

A. 4.35 percent.

B. 95.83 percent.

C. -4.17 percent.

D. More? information, such as the value for nominal? GDP, is needed to answer this question.

Reference no: EM132639842

Questions Cloud

Discuss the need for working capital : Include and discuss the need for working capital to include 2 months of startup drug inventory, vendor financing arrangements, personnel costs including.
What were cianciolo company total manufacturing costs : Manufacturing overhead was calculated at 70% of direct labor costs. What were Cianciolo Company's total manufacturing costs for the year?
Compute the amount of gross profit : Compute the amount of gross profit to be recognized from the installment sale in 2013, 2014, and 2015 using the installment sales method
State two key lessons that inform contemporary organisation : Based on your literature findings, state two key lessons that would inform contemporary organisations about the practical use of your chosen costing system.
Find percentage change in the overall price level : Suppose that the GDP deflator for the United States increases from 115 to 120 between 2019 and 2020.
What are the various business structures : What are the various business structures that are available to Jack and Jill with respect to the type of business that they would like to establish
How the production of generators should be allocated : How the production of 192,000 generators should be allocated between the two plants to maximise the operating income for Maxima Manufacturing Pty Ltd.
Difference between a want and a need : What is the difference between a want and a need?
Calculate the balance after five years : The first deposit would occur at the end of the first year. The effective annual rate on the account is 2%. Calculate the balance after 5 years

Reviews

Write a Review

Business Economics Questions & Answers

  Suppose the government decides to raise the gasoline tax

Suppose the government decides to raise the gasoline tax as a way of reducing air pollution and traffic congestion to their optimal levels. Which of the following describes why Pigovian taxes, such as gasoline tax, are unlike most other

  Assuming that a merger faces some threats

Assuming that a merger faces some threats also that the industry decides on self-expansion as an alternative strategy.

  How does stakeholders satisfaction affect triple constraint

How does stakeholders' satisfaction affect triple constraint. What would you do to prevent changing project requirements that might lead to scope creep.

  Define a fraction class similar

Define a Fraction class similar to the one shown in earlier modules with num and den as its private data.

  Total profit of crawfish at this equilibrium level of output

The Campus Crustacean Company receives $3,200.00 for its crawfish from selling 1,600 boxes to maximize its profits. What is the total profit of crawfish at this equilibrium level of output if Total Variable Costs are $1,600.00 and Total Fixed Costs a..

  Monopsonist faces labor supply curve

A monopsonist faces a labor supply curve given by LS = −300 + 0.01w , where w is the annual salary. What is the lowest salary the firm can pay yet still induce one worker to want to work for the firm? What is lowest salary the firm must pay to induce..

  What concerns might you have about such an approach

The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..

  Expected utility hypothesis

Lana's choices are consistent with the Expected Utility Hypothesis. She knows that she will get $150 in value from phone

  Find the total cost of renting and driving the hybrid car

Find the total cost of renting and driving the hybrid car for the trip. The total cost will be?

  First day of combined operations

A couple of years earlier, Nokia and Microsoft formed a partnership, which did not work well.

  View of your future role in the field of it

How did the discussions affect your view of your future role in the field of IT?

  How should american airlines respond if marginal cost

Given a usage of 57 million gallons of jet fuel per week, how should American Airlines respond if marginal cost declines to $15 per suitcase?

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