Consider the table below Year Fruit Index Fruit Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation 2005 93.34 x 4757.40 4452.00 93.58 x 2006 100.00 a 5121.40 d 100.00 6.86 2007 b 3.97 5543.05 5784.05 104.35 e 2008 112.32 c f 6701.80 113.60 8.87 Based on the values of the table, what is the value of c? (Please round your answer to include 2 decimal places.)

The following Table 2 gives the consumer price index from year 2012 to 2017. Table 2 Year CPI (2005=100) CPI(2014=100) 2012 102.3 2013 110.5 99.8 2014 111.3 100.0 2015 102.5 2016 107.8 2017 112.3 (i) Compute CPI for year 2015 by using year 2005 as the base year. (ii) Compute CPI for year 2012 by using year 2014 as the base year. Construct another index series using 2016 as the base year and interpret the index number for the year 2017. (iii)

Consider the table below Year CPI CPI Inflation Real GDP Nominal GDP GDP Deflator GDP Inflation 2005 94.27 x 4726.50 4480.00 94.78 x 2006 100.00 a 5090.50 d 100.00 5.50 2007 b 3.42 5430.85 5655.95 104.14 e 2008 117.18 c f 6887.00 117.34 12.67 Based on the values of the table, what is the value of f ? (Please round your answer to include 2 decimal places.)

The table below contains the price indexes for the macro economy for several years.   Price Index 2010 - Base Year 100 2011 105 2012 130 2013 145 2014 140 Calculate the inflation that took place in 2013. Show the formula and all your calculations.

The table below shows nominal GDP (Y) data for Dream Island for 1990 and 2005. Also shown are data for the GDP deflator (P) and the population (N). Calculate annual growth rates for GDP and population and the average inflation rate for the 15 years. Then calculate real GDP growth and per- capita, real GDP growth annually for that period. Year Nominal GDP deflator Population GDP (1997-100) (in millions) (in $ millions) 1990 2708 71.7 220 2005 6738 126.1 260 a. Growth rate of Nominal GDP = b. Inflation rate = c. Growth rate of population = d. Growth rate of real GDP = e. Growth rate of real GDP per capita =

The following is data on income (IDR 1,000) and the Consumer Price Index (CPI) with the base year 2014 Question: - Before working on the questions below, please change the base year to 2015 - Find the actual income each year with the 2015 base year - Determine the purchasing power of the currency for 2015 to 2019

Price Quantity Year (Dollars per sticker) (Number of stickers) 2020 3 210 2021 2 150 2022 3 125 Year 2020 2021 Use the information from the preceding table to fill in the following table. 2022 Stickers From 2021 to 2022, nominal GDP Nominal GDP Real GDP (Dollars) (Base year 2020, dollars) GDP Deflator The inflation rate in 2022 was Price (Dollars per paper plate) and real GDP 4 4 Paper plates 4 Why is real GDP a more accurate measure of an economy's production than nominal GDP? Quantity (Number of paper plates) 180 Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. O Real GDP is not influenced by price changes, but nominal GDP is. O Real GDP includes the value of exports, but nominal GDP does not. 200 180

Suppose that before the end of the year a typical consumer purchased 125 apples, 60 bananas, and 85 oranges. Year 1 Year 2 Price of apple Price of banana 0.75 $ 0.90 0.20 0.45 Price of orange 24 0.25 $ 0.60 What is the price index for year 2, using year 1 as the base year (round to the nearest full number)?

Calculating inflation using a simple price index

The year 2015 Base Year Price Index = (120)   Base Year Output = (4 million)   The year 2016 Current  Year Price Index = (140) Current  Year Output = (5 million)   1.Calculate the following: Nominal G.D.P. in 2016 Real G.D.P. in 2016       2. Calculate MPS for the following data: Y1=2000                           S1=300 Y2=4000                           S2=800     3.Calculate MPC for the following data:  Y1=2500                           C1=1500 Y2=5000                           C2=2500