Real gdp rose by what percent

Assignment Help Econometrics
Reference no: EM13186357

Suppose nominal GDP in 2005 was $15 trillion, and in 2006 it was $16 trillion. The general price index in 2005 was 100, and in 2006 it was 103. Between 2005 and 2006, real GDP rose by what percent?

Reference no: EM13186357

Questions Cloud

How many players were there : After winning the championships, all Detroit Pistons teammates exchanged "high-fives."Altogether there were 66 high-fives. How many players were there?
What happens to the price of u.s. goods in mexico : Why would a country (for example, China) choose to keep their currency relatively pegged to the U.S. dollar. If the U.S. dollar were to appreciate considerably against most currencies, what would be the effect on Chinese exports to countries othe..
What are the dimensions and maximum area : A rectangular is to be fenced off and divide in two by another fence parallel to one side of the playground. 720 feet of fencing is used. what are the dimensions and maximum area.
Denote the des encryption of the plain text : Find another key that also has this property, and explain the structure of the DES key schedule that permit such keys to exist.
Real gdp rose by what percent : Suppose nominal GDP in 2005 was $15 trillion, and in 2006 it was $16 trillion. The general price index in 2005 was 100, and in 2006 it was 103. Between 2005 and 2006, real GDP rose by what percent
What is the maximum voltage produced by the system : The electrical signal created by a piece of test equipment at a specific point in time is described by the function Vinst(t) = 12 × sin(360 × 60 × 6.3 + 79). What is the maximum voltage produced by the system.
What is the standard deviations : A factory employs several thousand workers, of whom 20% are Hispanic. If the 20 members of the union executive committee were chosen from the workers at random, the number of Hispanics on the committee would have the binomial distribution with n =..
A textile manufacturer concerned : A textile manufacturer concerned about its survival in the world marketplace has set as its goal, "To increase training and educational opportunities for its employees during the next twenty-four months." Why is this corporate objective ineffective
State what was the highest alcohol density reported : What was the highest alcohol density reported and what was the lowest alcohol density reported by the two students?

Reviews

Write a Review

Econometrics Questions & Answers

  Determine the repair cost

A product comes with a 3-year warranty. Repair costs are expected to average $3500 per year, beginning in year 4. The interest rate is 10%. Determine the present worth of the crane's repair costs over its 15-year life.

  Derive the expression for the profit maximization

A producer produces good y using a single input x according to the production function y=x^a where 0

  What is the owenership cost of the vehicle

Susan is considering buying a 2011 Smart ForTwo costing $21,635 and finds that the retaining values of the vehicle over next five years are as follows: Percent of the total value retained after 36 months: 28% Percent of the total value retained aft..

  Calculate the saving function

Suppose the second equation is changed to I = 500. What is the new equilibrium level of income? How much does the $100 increase in investment change equilibrium GDP?

  Draw the indifference curve

Draw the indifference curve for U = 20. For what values of p1/p2 will the optimum be \(x_{1} = 0\) If neither x1 and x2 is equal to zero and the optimum is unique, what must be the value of x1/x2?

  Estimate for the estimated mean mpg mileage

The EPA tests vehicles for gasoline mileage under stringent testing conditions. The testing for a particular make and model of mid-sized SUV involved 35 vehicles submitted by the manufacturer. Assume the vehicles submitted for testing constitute a..

  Determine whay is the payback period

Whay is the payback period of the following investment when a) i=0% and b) i=10%/ year Initial Cost ($) 1,000,000 Annual Cost ($) 100,000 Annual income ($) 300,000 salvage Value ($) 500,000 Max Life time: 10 years

  Determine the companys gross profit averages

Mr. Wayne, CFO, provides you with the following information based on experience and management policy. All sales are credit sales and are billed the last day of the month of sale. Customers paying within 10 days of the billing date may take a 2 pe..

  Consequences in the regression results

The presence of autocorrelation leads to all of the following undesirable consequences in the regression results except:

  Calculate the correct beta values

When watching television after dinner, you suffer memory loss. You can not remember what demonstrate you just watched or what you ate for dinner.

  Derive the equilibrium in quantities

where a > 1. In addition assume that the firms target own profit maximization, compete (simultaneously) in quantities and have marginal costs equal to c1 = c2 = c. Assume that 1 > c > or equal to 0. Describing the necessary mathematical steps, and..

  Find the intercept and slope of the linear function

Suppose that some variable is growing at constant rate. a. Prove that the natural logarithm of that variable is a linea r function of time. b. Find the intercept and slope of the linear function in part a.

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!

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