year price of books quantity of books price of socks quantity of socks growth rate nominal GDP inflation rate real GDP  GDP Deflator CPI 2015 10 120 12 200             2016 12 300 15 200             2017 14 275 18 180                                     find the growth rate, nominal GDP, inflation rate, real GDP, GDP deflator , CPI

Price level (GDP price index, 2012 - 100) Pocential 130 AS GDP 120 110- 100 90 AD 19.0 19.5 20.0 20.5 21.0 21.5 Real GDP (trillions of 2012 dollars)

b. The following tables provide economic data about a country. Year 2020 21.5 million 15.9 million 0.35 million Economic Data Total population Labor force Unemployed workers Consumer Price Index 115 Year 2021 22.3 million 14.1 million 0.69 million 119 Answer the following questions using the economic data above. Make sure that you provide formulas for your calculations. i. Calculate the inflation rate of year 2021. ii. Calculate the unemployment rate of year 2021. c. Discuss how the government might respond through fiscal policy if the unemployment rate remains high. d. Inflation can be harmful to a country's economy. Discuss how demand-pull inflation occurs in the economy using diagrams.

By far the largest category of goods and services in the CPI basket is housing.' This statement is correct for ______ economy but for the Turkish economy the largest category of goods and services in the CPI basket is ______.   the US, food and non-alcholic beverages   the UK, health and education.   the Japanese, culture and recreation   the US, transportation.   the US, clothing and footwear.

The tables set out information about the economy of Athabasca. Calculate the quantity of labor employed, the real wage rate, and potential GDP. The quantity of labor employed is million hours. Table 1 Production Function Labor hours (millions) 5 10 15 20 25 Table 2 Labor Market Real wage rate (2012 dollars per hour) 20 19 18 17 16 Real GDP (millions of 2012 dollars) 100 195 285 370 450 Quantity of labor demanded Quantity of labor supplied (millions of hours per year) 5 25 10 20 15 15 20 25 10 5

Real GDP is a. the nominal value of all real goods produced in the nation in year. b. Nominal GDP corrected for changes in the average of overall prices. c. a misnomer since all GDP figures have to be in dollar values. d. the value of output in current dollars.

Economics If the prices of German made cars imported into the United States Fall, which answer is correct? Provide justification please thanks A. the consumer price index will fall, but the GDP deflator will not fall B. both the GDP deflator and the consumer price index will fall c. neither the gdp deflator nor the CPI will fall d. the GDP deflator will fall but the consumer price index will not fall. d. the gdp deflator will fall but the consumer price index will not fall.

Calculate the missing information in the table 1.1 taking into consideration that the base year is2015. Year Price of Books Quantity of Books Price of Socks Quantity of Socks Nominal GDP Real GDP GDP Deflator CPI 2015 10 120 12 200 3600 3600 100   2016 12 300 15 200 6600 5400 122.22   2017 14 275 18 180 7090 4910 144.40

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A sold goods to B for 2000O. B whoes value added is 40000 sell half of its output to c and remaining to D. C sells all its output to D. D whoes value added is 30000 sell whole of its output to final consumers for 130000. Calculate value added by C.