What is the value of the gdp deflator in 2002

Assignment Help Econometrics
Reference no: EM13192104

if real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,049.6 billion calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP and price level. What is the value of the GDP deflator in 2002

Reference no: EM13192104

Questions Cloud

What is projected average out-of-pocket costs for benefits : What is the projected average out-of-pocket costs for beneficiaries in 2010
State what is the molar consentration : soluble plant fertilizer is 0.070% by weight. if a 19.0g sample of this fertilizer is dissolved in 2.0L of solution, what is the molar consentration
Some cons of special events for nonprofit organization : What are some "cons" of special events for a nonprofit organization? One of the greatest strategies to obtain individual donations is special events. I want to talk a little more about special events because this is a fundraising strategy that my org..
Determine celsius temperatures for which gold stays solid : Gold temperatures. Gold stays solid at Fahrenheit temperatures below 1945.4°. Determine (in terms of an inequality) those Celsius temperatures for which gold stays solid.
What is the value of the gdp deflator in 2002 : if real GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,049.6 billion calculate the percentage change from 2001 to 2002 in nominal GDP, real GDP and price level. What is the value of the GDP deflator in 2002
What would drive the price toward the equilibrium : a. Graph the demand and supply curves. What is the equilibrium price and quantity in this market b. If the actual price in this market were ABOVE equilibrium price, what would drive the price toward the equilibrium
State the protein databank and look at the glycine : When you go on the protein databank and look at the Ramachandran plot, it gives you 4 plots (general case, glycine, proline, and pre-proline).
How fast is the shadow cast by a tall building : The angle of elevation of the sun is decreasing at a rate of 0.25 rad/h. How fast is the shadow cast by a 400-meter-tall building increasing when the angle of elevation of the sun is pi/6?
Calculate the point price elasticity of demand and income : (a) Calculate the equilibrium quantity and price for peaches. (b) Calculate the point price elasticity of demand and point income elasticity for peaches at the equilibrium. Also calculate the point cross price elasticity between peaches and aprico..

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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