19. Table below shows nominal GDP, the GDP deflator and thepopulation for the U.S. for 2019 and 2020.Year Nominal GDP GDP deflators Population( in $ billions)|2019|1987 = 100(in millions)456751.224020206532116.8280Using the information contained in the above table, calculate:(a) Growth rate of Nominal GDP(b) Growth rate of population(c) Growth rate of real GDP(d) Growth rate of real GDP per capita

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19. Table below shows nominal GDP, the GDP deflator and the population for the U.S. for 2019 and 2020. Year Nominal GDP|GDP deflators Population ( in $ billions) 1987 = 100 (in millions) 2019 2020 %3D 4567 51.2 240 6532 116.8 280 Using the information contained in the above table, calculate: (a) Growth rate of Nominal GDP (b) Growth rate of population (c) Growth rate of real GDP

19. Table below shows nominal GDP, the GDP deflator and the population for the U.S. for 2019 and 2020. Year Nominal GDP|GDP deflators Population ( in $ billions) 1987 = 100 (in millions) 2019 2020 %3D 4567 51.2 240 6532 116.8 280 Using the information contained in the above table, calculate: (a) Growth rate of Nominal GDP (b) Growth rate of population (c) Growth rate of real GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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