ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question

Question 5 for a, b and c. Macroeconomics.

Q5. Consider the following data on Malaysia's GDP: Year Nominal GDP (in Billion Ringgit) GDP Deflator (Base Year 1987) 2005 495,239 189 2006 546, 343 197 a. What is the growth rate of nominal GDP between 2005 and 2006? (Note: the growth rate is the percentage change from one period to the next.) b. What is the growth rate of the GDP deflator between 2005 and 2006? c. What was real GDP in 2005 measured in 1987 prices?
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Transcribed Image Text:Q5. Consider the following data on Malaysia's GDP: Year Nominal GDP (in Billion Ringgit) GDP Deflator (Base Year 1987) 2005 495,239 189 2006 546, 343 197 a. What is the growth rate of nominal GDP between 2005 and 2006? (Note: the growth rate is the percentage change from one period to the next.) b. What is the growth rate of the GDP deflator between 2005 and 2006? c. What was real GDP in 2005 measured in 1987 prices?
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