What happened to real output

Assignment Help Business Economics

Reference no: EM13154660

if nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105,

a)what is the percetage increase in nominal output?

b)what is the percentage increase in the price index?

c)what happened to real output?

d)by how much would the price index have had to rise for real income to remain constant?

Reference no: EM13154660

Questions Cloud

What will the final volume of the sample be : A sample of oxygen that occupies 1.00 × 10-6 mL at 575 mm Hg is subjected to a pressure of 1.25 atm. What will the final volume of the sample be if the temperature is held constant

Relationship between the financial statements : In what ways do the elements of the four financial statements interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the finan..

Compute molar mass of ethanol after calculated molar mass : Compute molar mass of ethanol after calculated molar mass in an experiment and the given molar mass of ethanol is 46.07g

Criterion for rejection or non-rejection of null hypothesis : Formulate the null and alternative hypotheses. Determine the criterion for rejection or non-rejection of the null hypothesis.

What happened to real output : what happened to real output? by how much would the price index have had to rise for real income to remain constant?

Present value of the minimum lease payments : On January 1, 2009, Princess Corporation leased equipment to King Company. The lease term is 8 years. The first payment of $675,000 was made on January 1, 2009. The equipment cost Princess Corporation $3,600,000. The present value of the minimum l..

Weighted average cost of capital basics : The financial statements of Lioi Steel Fabricators are shown below the actual results for 2010 and the projections for 2011. Free cash flow is expected to grow at a 6% rate after 2011. The weighted average cost of capital is 11%.

What mass of nahco3 would be required : A 2.5L bottle of concentrated sulfuric acid H2SO4 (16M) falls and breaks on the floor. What mass of NaHCO3 would be required to neutralize this acid spill through the following reaction HCO3 + H => H2O +CO2

Credit cards increase the demand for money : The introduction of a stylish line of Toyotas makes some consumers prefer foreign cars over domestic cars. d. The central bank doubles the money supply. e. New regulations restricting the use of credit cards increase the demand for money.

User Account

All Pages