If Gdp deflator is equal  at 90   it means that  :  1- stagflation  2- deflation  3- inflation  4- stability

Purchase of electricity by a family is:   a. not counted in GDP   b. counted as part of net exports   c. counted as part of government purchases   d. counted as part of private investment   e. counted as part of consumption

Nominal GDP measures the value of all goods and services   Group of answer choices without inflation. in constant dollars. in fixed dollars. in current dollars.

The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Quantity of Price of Milk Quantity of Cereal Year Price of Cereal Milk 2008 54.00 90 $1.50 150 2009 $4.00 100 $2.00 180 real GDE Was $670, and the GDP deflaterwas 115.2 real GDP was 5C00, and the CDP deflator was 115.2 real GDP was 1660, and the GDP defator was 1134 d. real GDP was $670, and ihe GDP delltor was 113.4 Previous page Finish attermpt penere

PART I -- GDP is the most often cited measure of how our economy is doing. The U.S. Bureau of Economic Analysis reports U.S. Real GDP quarterly. Based on estimates of Q1 data, (actual Q1 data not released until April 27), how did the U.S. economy do in the first quarter? PART II -- CPI -- an equally important economic indicator -- is reported monthly and the U.S. Department of Labor Bureau of Labor Statistics. Released recently. What did that report tell us?.

If consumption is $500, government expenditures is $200, GNP is $800, Gross Private Domestic Investment is $100, Imports is $100, and Exports is $100. If the dollar amounts of the items above are nominal amounts in Year 2017, and the quantities of units are identical in years 2010 and 2017, but prices in 2010 were 20% less than 2017, Real GDP in 2017 using 2010 as the base year is equal to what?

(i) GDP Deflator for Year 1 (ii) GDP Deflator for Year 2

q4

Nominal GDP in Nowhereland in 2002 and 2003 increased from $4 trillion to $4.8 trillion. Can you say that the production of goods and services in Nowhereland has increased between 2002 and 2003? Why or why not?

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