ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
Bartleby Related Questions Icon

Related questions

Question
The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2016 and 2018. The data is listed per quarter, and the real GDP data was calculated using 2009 as the base
year. Fill in the columns for the GDP deflator, for the percent increase in the price level, and economic growth rate.
(Note:
Rounding to three decimal points for GDP deflator and to the nearest tenth for price increase and economic growth rate)
Quarter
2016 Q4
2017 Q1
2017 Q2
2017 Q3
2017 Q4
2018 Q1
2018 Q2
2018 Q3
2018 Q4
Nominal GDP
18,325.2
18.538.0
18,729.1
18,905.5
19.057.7
19,250.6
19,500.6
19,754.1
20,098.8
percent Increase in Price Level?
economic Growth rate?
Real GDP
16,571.6
16.663.5
16,778.1
16,851.4
16.903.2
17,031.1
17,163.9
17,286.5
17,457.6
What is the value of the following indicators in the 2017 Q2 for:
GDP deflator?
percent Increase in Price Level?
economic Growth rate?
GDP
Deflator
What is the value of the following indicators in the year 2018 Q2 for:
GDP deflator?
Percent Increase in
Price Level (%)
(rounding to three decimal points)
(rounding to three decimal points)
Economic Growth
rate (%)
expand button
Transcribed Image Text:The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2016 and 2018. The data is listed per quarter, and the real GDP data was calculated using 2009 as the base year. Fill in the columns for the GDP deflator, for the percent increase in the price level, and economic growth rate. (Note: Rounding to three decimal points for GDP deflator and to the nearest tenth for price increase and economic growth rate) Quarter 2016 Q4 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 Nominal GDP 18,325.2 18.538.0 18,729.1 18,905.5 19.057.7 19,250.6 19,500.6 19,754.1 20,098.8 percent Increase in Price Level? economic Growth rate? Real GDP 16,571.6 16.663.5 16,778.1 16,851.4 16.903.2 17,031.1 17,163.9 17,286.5 17,457.6 What is the value of the following indicators in the 2017 Q2 for: GDP deflator? percent Increase in Price Level? economic Growth rate? GDP Deflator What is the value of the following indicators in the year 2018 Q2 for: GDP deflator? Percent Increase in Price Level (%) (rounding to three decimal points) (rounding to three decimal points) Economic Growth rate (%)
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:9780190931919
Author:NEWNAN
Publisher:Oxford University Press
Text book image
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Text book image
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Text book image
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Text book image
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Text book image
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education