The Republic of Venturilla produces three goods: coffee, water and wine. Below is a table showing prices and quantities of output for three years: Year Price of Coffee Coffee Price of Water Water Price of Wine Wine 2017 $10 100 $2500 $ 12 120 2018 $14 150 $3 400 $15 110 2019 $12 175 $4 300 $15 100 1 Calculate economic growth (% A in real GDP) between 2018 and 2019 2 Calculate inflation between 2017 and 2018.

1. Calculating inflation using a simple price index.

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.)

In Panel A that nominal GDP is larger than real GDP. Explain why nominal GDP is  larger than real GDP in 2022.

Product The GDP in China is $12.2 trillion. The rate of inflation is 2.5%. If the population of China is 1,421,021,000, find the per capita GDP in this country. per capita GDP = $ [?] Round to the nearest hundredth. Copyright © 2003-2022 International Academy of Science. All Rights Reserved. P in China is $12.2 trillion. The rate of mis 2.5%. If the population of China is 21,000, find the per capita GDP in this country. H t Enter a H M D

Consumer Price Index (CPI), and Inflation Use the data below to answer questions 1 and 2: 2021 Base year 2022 2023 100 Loaves of bread $1.75 $2.30 $3.75 50 sticks of butter $4.80 $5.90 $7.15 1. Calculate CPI for each year. 2021: CPI 2022: CPI 2023: CPI 2. CPI in 2022 = 288.35, and in 2024 = 313.55; calculate the inflation rate between 2022 and 2024.

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

GDP in the U.S. in 2000 was $10.1 trillion dollars and GDP in 2008 was $14.3 trillion. The CPI in 2000 was 172.2 and the CPI in 2008 was 215.3 (The CPI in 2009 was 214.5) What was Real GDP in 2008 (in 2009 $)? $14.25 trillion $11.48 trillion $17.81 trillion $14.35 trillion Question 30 (S What was the economic growth rate between 2000 and 2008? Growth rate= RGDP (2)-RGDP (1) 100 RGDP (1) A

2020 Q1 GDP (billions of 2010 NZ Dollars) 63.8 2020 Q1 GDP (billions of 2020Q1 NZ Dollars) 79.2 2020 Q2 GDP (billions of 2010 NZ Dollars) 57.5 2020 Q2 GDP (billions of 2020Q2 NZ Dollars) 71.2     2020 Q1 CPI (2017 Q2 = 100) 105.2 2020 Q2 CPI (2017 Q2 = 100) 104.7 Calculate Africa's inflation (using the GDP deflator) between the first and second quarters of 2020.

Please answer everything in the photo.