Question 10: Consider the following data on US GDP Year Nominal GDP GDP deflator (in billions of dollars) (base year 2009) 108.3 73.8 2014 17419 1994 7309 a. What was the growth rate of nominal GDP between 1994 and 2014?

Suppose nominal GDP was $13,302.3 billion in 2007 and was $13,790.2 billion in 2009. If the GDP deflator for 2009 (with a base year of 2007) was 103.034, what is the growth rate of real output between 2007 and 2009? Show your calculations, otherwise you will lose a lot of points..

The table gives data on an economy's real GDP and population in 2019 and 2020. If the current real GDP growth rate and population growth rate are maintained, real GDP per person will double in approximately  ____ years Answer with a whole number

Consider the following data about U.S. real GDP for the George W. H. Bush (1989-1993) and Bill Clinton (1993-2001) administrations: Year Real GDP (US$ billions) 1989 8786.4 1993 9521.0 2001 12682.3 The total growth rate for the Bill Clinton administration is (round to the nearest two decimals): %

The following table shows real GDP per capita for the United States, South Korea, and Chad between 1970 and 2000. All figures are in 1998 U.S. dollars.   (image inserted)   The (decade-long) economic growth rate for the United States is shown in the second column. For example, from 1970 to 1980, the United States GDP grew from $18,395 to $22,666, an increase of ($22,666−$18,395)/($18,395)=23%.   Use this method to fill in the growth rates for South Korea and Chad in the previous table. Enter the growth rates to the nearest whole percentage point.   Compare the data for the United States and South Korea between 1970 and 1980. During this period, (South Korea OR The United States) had a higher level of real GDP per capita, while (South Korea OR The United States)  experienced a higher growth rate in real GDP per capita.   Convergence theory predicts that poor countries will grow more quickly than rich countries. Which one of the following is a reason for this? Rich…

What is the US GDP for year end 2018?  What the personal consumption expenditures for year end 2019

QUESTION 1 What is the percent change between the 28 years from 1991 to 2019 for GDP (constant 2010 US$)? 96% 103% 130%

The following table shows data on a hypothetical country's real GDP from 1980 through 1988: Real GDP Year (Billions of Dollars) 1980 372 1981 380 1982 384 404 400 388 392 400 404 Use the blue points (circle symbol) to plot the real GDP in each of the years listed. (Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.) Next, place the black point (plus symbol) on the graph to indicate the point on the real GDP curve that definitely represents a peak. Finally, place the grey point (star symbol) on the graph to indicate the point on the real GDP curve that definitely represents a trough. REAL GDP (Billions of cordis 1983 1984 1985 1986 1987 1988 ROWTH RATE (Percent 440 432 424 410 408 400 382 304 378 388 360 -1 -3 -4 Growth trend 5 1980 1981 1982 1983 1984 1081 Once you've calculated the percentage change for each of the years, use the orange points (square symbol) to plot your results on the following graph,…