Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2010-2019: Real GDP (in Millions) (2012 Base Year) Population (in Nominal GDP (in Millions) Year (suo!W 282.4 000 10,128.000 13,262.000 285.5 2002 288.6 000 291.0 2004 12,422,000 14.913.000 296.6 13,178,000 9002 8887 15.626,000 000 808 14.291.000 15,605.000 800 600 2010 14,524,000 2011 15,518,000 15.841.000 311.7 2012 16,163,000 16,197,000 2013 16,768,000 16,495,000 316.2 2014 16,912,000 318.6 2015 17,432,000 2016 18,954,000 17,731,000 323.1 2017 19,543,000 18,144,000 325.1 2018 20,612,000 18,688,000 327.1 2019 21.433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: Nominal GDP per capita = $ Real GDP per capita = $ For 2019: Nominal GDP per capita = $ %3D Real GDP per capita = $ %3D b. By what percentage did nominal per capita GDP Increase? %L

Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2010-2019: Real GDP (in Millions) (2012 Base Year) Population (in Nominal GDP (in Millions) Year (suo!W 282.4 000 10,128.000 13,262.000 285.5 2002 288.6 000 291.0 2004 12,422,000 14.913.000 296.6 13,178,000 9002 8887 15.626,000 000 808 14.291.000 15,605.000 800 600 2010 14,524,000 2011 15,518,000 15.841.000 311.7 2012 16,163,000 16,197,000 2013 16,768,000 16,495,000 316.2 2014 16,912,000 318.6 2015 17,432,000 2016 18,954,000 17,731,000 323.1 2017 19,543,000 18,144,000 325.1 2018 20,612,000 18,688,000 327.1 2019 21.433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: Nominal GDP per capita = $ Real GDP per capita = $ For 2019: Nominal GDP per capita = $ %3D Real GDP per capita = $ %3D b. By what percentage did nominal per capita GDP Increase? %L

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 4SQ

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Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2012-2017: Real GDP (in Millions) (2012 Base Year) Population (in Millions) Nominal GDP (in (suo 282.4 000 10,128,000 513,131.000 000 13,262,000 285.5 13,493.000 288.8 000'89 13,879,000 291.0 000'096 0 2004 14,406,000 203.7 2005 12,422,000 14,913,000 296.6 13,178,000 900 000'808 14,291,000 15,605,000 800 13,930,000 15,200,000 600 14,524,000 000'889 2011 15,518,000 15,841,000 311.7 2012 16,163,000 16,197,000 314.0 16,768,000 16,495,000 316.2 16,912,000 318.6 000 000 18,954,000 17,432,000 17,731,000 323.1 000' 20,612,000 325.1 327.1 2019 21,433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2012 and 2017. For 2012: Nominal GDP per capita = $ %3D Real GDP per caplta = $ For 2017: Nominal GDP per…
Using the data in the table below related to nominal GDP, real GDP, and total population, answer the questions for the time period 2010-2019: Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Nominal GDP (in Millions) $9,817,000 10,128,000 10,469,000 10,960,000 11,685,000 12,422,000 13,178,000 13,808,000 14,291,000 13,939,000 14,524,000 15,518,000 16,163,000 16,768,000 17,393,000 18,037,000 18,954,000 19,543,000 20,612,000 21,433,000 For 2019: Nominal GDP per capita = $ Real GDP per capita = $ Real GDP (in Millions) (2012 Base Year) % $13,131,000 13,262,000 13,493,000 13,879,000 14,406,000 14,913,000 15,338,000 15,626,000 15,605,000 Instructions: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2010 and 2019. For 2010: 15,209,000 15,599,000 15,841,000 16,197,000 16,495,000 16,912,000 17,432,000…
Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I.…
The next 2 questions will be based on the following information Year GDP percapita GDP percapita Total Population current price contant price 2019 1174960 21920 17320 2020 1178460 26110 19230 2021 1182030 29800 20690 Your answer What is real GDP for year 2021? 20690 29800 O24.46 billion O 35.22 billion
Year Pr Pv Qz Pz GDP Real GDP GDP PI 1 10 5 35 20 10 Blank 1 Blank 2 Blank 3 12 35 25 15 Blank 4 Blank 5 Blank 6 3 15 7 40 2 30 12 Blank 7 Blank 8 Blank 9 4 20 8 50 35 12 Blank 10 Blank 11 Blank 12 5 30 50 5 40 14 Blank 13 Blank 14 Blank 15 Using the above table, calculate GDP (nominal) for each year, Real GDP for each year, using Year 1 as the base year, and the GDP Price Index (Deflator) for each year. S SS SS 12 S SS SS S SS SS
Consider a Melanesian island nation in the South Pacific, which had a population of 0.88 million in 2010. The table below presents the nominal GDP and the GDP deflator (based on 2005 being the base year) for the years 2010, 2015 and 2020.YearNominal GDP ($millions)GDP Deflator201017500103.7201518222104.8202018755105.9Over each 5-year period, there were no significant changes to goverment policies or capital investment, and the country experienced a net migration of 0%. However, over the first five years (2010 to 2015), the growth rate of births was 12.5% while the growth rate of deaths was 7.5%. This resulted in a 5% population growth. Over the second five years (2015 to 2020), health care significantly improved such that the growth rate of births increased to 15% while the growth rate of deaths decreased to 5%. In 2010 employment population ratio is 64%. What is the real GDP per worker in 2010.
Nominal GDP (billions of cunent $) GDP defatar Population growth 101% Date 2007 $14,0618 10630 2008 143691 10n.62 0.93% 2009 14,129.0 109.61 2010 14,660.4 0S0% Use the data in the table above to calculate the economic growth rate for the United States from 2008 to 2009. Give your answer to two decimals. Note that all data is from the end of the year specified.
Study the scenario and complete the question(s) that follow(s):Silesia – ContinuedYou are provided with the following information about an imaginary economy called Silesia. Use the information provided in the table to answer the questions below:19942019Nominal GDP (Billion) Price Index (2010) base) Population (Million)200 800 50 120 20 30Adapted from: Van Walbeek, C., Krugell, W. and Samouilhan, N. 2008. South African Work Book for Economics. Pretoria: Van Schaik.COEC121 – Take-Home Test Paper S2 2020 | V1.0 Page 8 of 9 6.4 Calculate per capita real GDP for Silesia for 1994 and 2019.6.5 By what percentage did per capita real GDP increase between 1994 and 2019?6.6 What can you say about the changes in the average standard of living in Silesia, based on the previous calculations?
The country of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 The base year, i.e. the base period, is Year 3. For years 1-3, please obtain the real GDP. Round your answers to the nearest dollar. What is the real GDP for year 1? real GDP: $ What is the real GDP for year 2? real GDP: $ What is the real GDP for year 3? real GDP: $
The following is the graph of the natural log of UK real GDP per capita between 1875 and 2014: Based on this information, which of the following statements is correct? Log of real GDP per capita 11.0 10.5 10.0 9.5 9.0 8.5 8.0 7.5 -068T ა c Year Show Transcribed Text y-0.0156x 7.7734 R-0.9445 (A) The graph shows that real GDP per capita in the UK in 1955 was about £8,000. (B) The slope of the best-fit straight line is the average annual growth rate. (C) The graph shows that the average growth rate was lower in the decades after 1921 than in the decades before 1918. (D) The graph of real GDP per capita plotted using a ratio scale would look very different to the graph above.
The table below shows the annual population and nominal total GDP for New Zealand. Based on the data, which of the following options are correct? Select one correct answer. 4 Year 2015 2016 New Zealand Key Figures GDP (Current US $) $ 178,064,471,137.92 $ 188,838,342,527.98 Population 4,609,400 4,714,100 O GDP per capita in 2016 was $40,058.20 GDP per capita fell by 3.70% in 2016 compared to the previous year O New Zealand's population and GDP both rose such that the overall GDP per capita growth rate was zero O GDP per capita rose by 3.56% in 2016 compared to the previous year
Using the table below, determine the growth in real GDP from 1990 to 2005. Round your answer to the nearest whole percent. Year 1960 1975 1990 2005 Nominal GDP (billions of dollars) 543.3 1688.9 5979.6 13095.4 Real GDP (billions of 2005 dollars) 2859.5 4952.8 8225 13095.4