Calculate Nominal and Real GDP for each year. Consider the base year is 2013. a. Year Bottles of Diet Coke Price by Bottle in B. (units) 2013 100,000 10.25 2014 400,000 30.50 2015 500,000 30.75 2016 800,000 40.25

Using the table below calculate the missing values. Take all calculations to 2 decimal places. $ not required. Year 2010 2011 2012 2013 2014 2015 Nominal GDP 2,450 2,660 2,870 3,155 Number 3,558.4 Real GDP Number 2,745 Number 3,025 3,140 3,353.4 GDP Deflator 0.94 Number 1.00 Number Number 1.06 Number Include a negative sign where appropriate in the following answers: Part 7: Nominal growth rate year (2010-11) Number Part 8: Nominal growth rate year (2012-13) Part 9: Inflation rate year (2010-11) Number Part 10: Real growth rate year (2011-12) Number Part 11: Inflation rate year (2014-15) Number Part 12: Real growth rate year (2013-14) Number

Product Quantity Price   Year 1 Cereal 1,000 $1.00 Beef 700 $2.00 Doughnuts 600 $0.50   Year 2 Cereal 1,400 $1.10 Beef 600 $2.50 Doughnuts 500 $0.75 If year 1 is the base year, what is the GDP delflator in year 2?

Year 2014 (base) 2015 Product Quantity Price Quantity Price 2016 Quantity Price Beer 15 550 575 Pizza 7 275 280 Hot Wings 10 640 660 Given the above table, the nominal GDP in 2015 is: 500 300 600 17 8 12 20 10 13 A/ (whole number) dollars. The real A (whole number) GDP in 2016 is: dollars. The GDP deflator for 2016 equals:

oranges oranges VCRS VCRS YEAR price Quantity price Quantity 1998 $2 5000 $400 1000 1999 $3 400 $300 2000 what is the infaltion in 1999 what is the growth of real GDP in 1999

Solve d and e onlys

Calculate GDP given the following.  Please leave off the dollar sign in your answers. Item Quantity Price Apples 10 $2 Oranges 20 $2 Bananas 30 $1

You are given the following:   Year Quantity of Cars Price of Cars Quantity of Buses Price of Buses 2013   5 million $20,000 1 million $100,000 2014   5.1 million $22,000 1.2 million $102,000 Base Year = 2013   2a. Calculate nominal GDP for 2013. Nominal GDP for 2013 = (5 million × $20,000) + (1 million × $100,000)  = $100,000 million + $100,000 million  = $200,000 million  2b. Calculate nominal GDP for 2014. Nominal GDP for 2014 = (5.1 million × $22,000) + (1.2 million × $102,000)  = $112,200 million + $122,400 million  = $234,600 million.  2c. Calculate real GDP for 2014. The real GDP for 2014 will be calculated as:-  Real GDP for 2014 = (5.1 million × $20,000) + (1.2 million × $100,000)  = $102,000 million + $120,000 million  = $222,000 million.  2d. Calculate the GDP Deflator to the nearest tenth for 2014.   2e. What does your previous number mean?   2f. Calculate the CPI to the nearest tenth for 2014. (Use 2013 as the base year.)

Calculate median income in 2000 (real) dollars for each of the 3 years. Suppose GDP in current (nominal) dollars and the GDP price index for the United States are as follows: Year 1990 2000 2005 GDP in current dollars (trillions) 6.0 10.0 15.0 Calculate GDP in 2005 (real) dollars for each of the 3 years. Price index [2000=100] 80 100 125

Table 1 Quantity Price Quantity Price Item 1990 1990 1991 1991 Coffee 10 ---- 8 $50 Sugar 20 $1 15 $2 Refer to table 1 to answer the below question. In 1990, consumers in Dexter consumed only Coffee and Sugar. The prices and quantities for 1990 and 1991 are listed in table 1. The reference base period for Dexter's is 1990 and the Nominal GDP1990 was 320. Calculate the consumer price index (CPI) in 1991 * 59.37 134.37 168.75 118.75