What is the value of the gdp deflator in 2002

Assignment Help Econometrics

Reference no: EM13203075

Adding to table 11.1, if read GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,469.6 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?

Table 11.1 Nominal Versus Real GDP
VARIABLE 2000 2001 2002
Nominal GDP $9,817.0 b $10,128.0 b $10,469.6 b
% change 3.17
Real GDP $9,817.0 b $9,890.7 b $10,048.8 b
% change .76
GDP deflator (price changes) 100 102.40
% change 2.4

Reference no: EM13203075

Questions Cloud

What is the speed of the ball in orbit : You have a ball on a wire that is twirled in a circular orbit with a radius of 3.6 m, and the centripetal force acting on the ball, that has a mass of 67 kg, is 286 N. What is the speed of the ball in orbit?

How many gallons of color are there : a paint mixture contains 14 gallons of base for every gallon of color. in 510 gallons of paint, how many gallons of color are there?

Voter choice in 2008 presidency campaign : What factors explain voter choice in 2008 presidency campaign between Barack Obama and John Mccain?

Develop a universal set of ethical standards for business : Do you feel that it is possible to develop a universal set of ethical standards for business, or do you believe that cultural differences make universal standards impractical and/or impossible?

What is the value of the gdp deflator in 2002 : Adding to table 11.1, if read GDP in 2002 were $10,048.8 billion and nominal GDP in 2002 were $10,469.6 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 ..

Determine marginal product of magnesium a variable factor : General Electric discovered that the marginal product of magnesium a variable factor in manufacturing of light bulbs will lead to the eventual decline in output as the use of the magnesium is increased. This illustrates what economic theory

How much value added is produced at acme us : Here once again is the basic data on revenue and costs for each firm when Acme U.S. makes and sells a car. The table shows the initial price that Acme U.S. pays Acme Mexico, $3,000 per engine. In some problems, you will be asked to consider how thi..

Find the internal rates of return : A -$2500 746 746 746 746 746 B -$6000 1664 1664 1664 1664 1664 The minimum attractive rate of return is 8%. After calculation we can find that the internal rates of return: for A, IRRA = 15%, for B, IRRB = 12% and for B-A, IRRB-A = 9.8%.

What rate of return would the indians have received : Peter Minuit bought an island from the Manhattoes Indians in 1626 for $24 worth of beads and trinkets. The 1991 estimate of the value of the land on this island was $12 billion (1 billion = 109). What rate of return would the Indians have received ..

User Account

All Pages