User Account

All Pages

What is the real gdp

Assignment Help Macroeconomics
Reference no: EM131588845

Year Nominal GDP (billions of dollar per year) Price level index (base year 2005=100)

2005 8,950 100
2015 9,250 120

Using the data in the above table, what is the real GDP for year 2005 (in billions of constant dollars)?
A.8,500
B.7,708
C.9,250
D.8,950

 

Reference no: EM131588845

Questions Cloud

In terms of perfect markets what about ebay : In terms of "perfect" markets, what about eBay? Why do you think that this is (or is not!) a good example?
Find a vector d according to the given information : Given that a = 3i + 2j - 3k, b = 2i - j + 5k, and c = 2i + 5j + 2k, find a vector d such that a + 3b - 2c + 3d = 0.
Draw a state diagram that shows the state of the program : What is the output of the program - Draw a state diagram that shows the state of the program just before the end of main.
Develop a recommendation for compensation packages : Develop a recommendation for compensation packages for soon-to-be employees of the five hotels.
What is the real gdp : Using the data in the above table, what is the real GDP for year 2005 in billions of constant dollars
Business regulations as time progresses : Why does it seem that we have more business regulations as time progresses? What are the purposes of regulations?
What is the fourth number to be printed out : How many numbers will be printed out after executing the above algorithm - What is the fourth number to be printed out?
Discrimination better for the producer : Why is price discrimination better for the producer than a standard price? Pick any reasonable one price for all and examine if the revenue would be higher.
Find the vector ab and the position vector c of mid-point ab : Given that Aand Bhave the respective position vectors 2i + 3j - k and i + 2j + 4k, find the vector AB and a unit vector in the direction of AB.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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