What is the real gdp

Assignment Help Microeconomics
Reference no: EM131040200

If the nominal GDP is $2 trillion in 1990 and $6 trillion in 2000, and if the GDP deflator is 300 in 1990 and 600 in 2000, then what is the real 2000 GDP in 1990 dollars?

  • $6 trillion
  • $4 trillion
  • $3 trillion
  • $1 trillion
  • Not enough information to answer the question

Reference no: EM131040200

Questions Cloud

Values for nominal gdp and real gdp : The following values for nominal GDP and real GDP are reported for the U.S. from 1929 to 1932:
How the strategy of immunization is related to interest risk : Describe the market environment when the investment strategies of dollar cost averaging and bond laddering work best
Create groups to investigate the major crm applications : • Customer service (Oracle, Amazon, Dell, Sage) Start with www.searchcrm.com and www.customerthink.com (to ask questions about CRM solutions). Have each group present arguments to convince the class members to use the product(s) the group investig..
Compute the operating profit for each market segment : BUACC2613- Management Accounting 1. Use the activity-based costing information to allocate the $301080 of "other operating costs" to each of the market segments. Compute the operating profit for each market segment. Comment on the results. What new..
What is the real gdp : If the nominal GDP is $2 trillion in 1990 and $6 trillion in 2000, and if the GDP deflator is 300 in 1990 and 600 in 2000, then what is the real 2000 GDP in 1990 dollars?
Develop a professional resume and cover letter : Review one Presidential Candidate's web site for Health & Health care plans/policies. This is an critical thinking opportunity!  Examine what is placed on their official web site.
What is the unemployment rate : The labor force is 300 million, there are 270 million employed people. 20 million have stopped looking for work. All of these people are working-age non-institutionalized adults. What is the unemployment rate? No percent sign needed.
Two-way analysis of variance : After completing your initial response, post it to this discussion. Read the Discussion Participation Guidelines prior to posting to ensure you have met all of the criteria of the discussion.
Question regarding the cyclical unemployment : Total unemployment is 5%. Frictional unemployment is 2.3% and the economy is at full employment. What is cyclical unemployment? Round to 1 decimal place and no percent sign needed.

Reviews

Write a Review

Microeconomics Questions & Answers

  Draw the supply and demand curves on the same diagram

Draw the supply and demand curves on the same diagram. Determine the equilibrium price and quantity and demonstrate it in your graph. Demonstrate the impact of a government price control set at P = $12 also P=$8.00. Demonstrate by number and in the g..

  What are the two general theorems of welfare economics

What are the Two General Theorems of Welfare Economics? What implications do they have for the “welfare state”? What are the ‘first best’ assumptions necessary for these theorems to hold? How realistic are these assumptions?

  Describe the change in working capital

A project proposal for a new product will require a buildup of $50,000 of inventory in year 0 before sales are started. Associated with this, accounts payable will also increase by $20,000 in year 0.

  Why do so many countries place restrictions on trade

If countries can benefit with increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?

  A large employer gives each new hire an aptitude test

A large employer gives each new hire an aptitude test, which is scored from 1 to 20. Let T be a worker's score on the test. The firm then pays the new worker a wage of w = 0.57' + 0.5G where G is the average score for the worker's gender: 16 for wome..

  Aconsumer'' preferences are represented by utility function

Suppose a consumer' preferences are represented by the utility function U = MIN(5X, Y).  The price of Y is PY = 1, and the consumer has income, M = 120.  a) Graph the consumer's Price consumption curve for prices, PX = 1, PX = 3, and PX = 5.  Be sure..

  What will your average total cost be

Suppose you could produce one more (the fifth) widget at a marginal cost of $5.  If you do produce that fifth widget, what will your average total cost be? Has your average total cost increased or decreased? Why?

  What factors influence the demand for this product

What factors influence the demand for this product and What factors influence the supply of this product - How have these changes in supply and demand affected the equilibrium price of this product?

  How does the federal reserve manipulate our economy

How does the Federal Reserve manipulate our economy to foster economic growth and research at least three specific policies instituted by the Federal Reserve.

  Describe john stuart mills concept of utilitarianism

Do you think that there should be equal opportunity in a just society? What would you mean by this phrase? Do you think that it is a realizable ideal? Describe John Stuart Mill's concept of utilitarianism.

  How are the laws of supply and demand illustrated

Explain the difference between a normal good and an inferior good. Would your answers to question #7 change, depending on whether this good is a normal or inferior good? Why or why not?

  Sketch the two projects npv profiles

Sketch the two projects NPV profiles.

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