Real GDP Nominal GDP GDP Deflator (in 2000 (in current (base year Year dollars) dollars) 2000) 1970 3,000 1,200 1980 5,000 60 1990 6,000 100 2000 8.000 2010 15.000 200 2020 10,000 300 2030 20,000 50,000
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- Year Cost of a basket (R) of consumer goods/services (Base year ) 2015 1850 2016 2190 2017 2380 2018 2560 Use the information in Table 3 to measure the consumer price index for 2016, 2017 and 2018 respectively. Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domestic product (GDP). Explain, with the aid of an equation, the components of the consumption function. Explain the relationship between Investment spending and the interest rate.The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.C I G NX Yr1 1000 156 560 52 Yr2 1300 159 600 52 Yr3 2000 169 690 53 Yr4 2900 180 880 53 Using the table above state what nominal GDP will be for all four years
- Compute the nominal GDP Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector Government Final Consumption Expenditure Household Final Consumption Expenditure Imports Exports Statistical Discrepancy Growth Rate, Gross Domestic Product at current prices Gross National Product at current prices CPI(base year: 2012) GDP Deflator(base 2018) Population, 15years old and over Population, below 15 years old Population, 15 years old and over not included in labor Labor force employed #1,953,076.00 $5,595,046.00 #2,838,033.00 #14,609,470.00 #7,322,830.00 #4,983,040.00 90.00 8.07% #20,103,207.00 128.8 #104.75 75701 27064 27064 93.50%If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the value of GNP deflator for the current year?I. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5
- 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 125Alex wants to measure the nominal 1998 GDP of $993 billion in 2008 dollars. From the data he gathered, he knows the deflator for 1998 is 30 and for 2008, it is 74, and that real interest in those years was 6.23% and 3.21% respectively. If he avoids making a misleading calculation, what will the value be?Problem 1 1.1 Consider an economy that produces and consumes bread and automobiles. The following table contains data for two different years: Year 2000 $40,000 Year 2010 $50,000 Price of an automobile Price of a loaf of bread S1.50 $2.50 Number of automobiles produced Number of loaves of bread produced 100 120 5,000,000 4,000,000 Using the year 2000 as the base year, compute the following statistics for each year: nominal GDP, real GDP, the implicit price deflator for GDP, and a fixed-weight price index such as the CPI. 1.2 List and explain (one or two sentences each) the differences between the CPI Index and the GDP Deflator. Which do you believe is a better measure of actual inflation in the U.S? Why?
- Given below is the total Disposable Personal Income in Oman from 2010–2018. Draw a time series graph to show the analysis.Year Income (in 000s)2010- 50002011- 30002012 75002013- 80002014- 85002015 95002016 100002017 105002018 11000In which year the income shows a downward trend from the graph. Select one:a. 2016b. 2018c. 2015d. 20112. Use the data below to do a 3 year and 5 year moving average. Explain what happens to the data. Year Data 1996 92.00 1997 101.00 1998 112.00 1999 124.00 2000 135.00 2001 149.00 2002 163.00 2003 180.00Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.
