Complete the table. Round your calculations for nominal GDP,
real GDP, and GDP deflator values to...
Complete the table. Round your calculations for nominal GDP,
real GDP, and GDP deflator values to two decimals and rate
calculations to three decimals.
Complete the following table: (Use Table 15.1) (Do not
round intermediate calculations. Round your answers to the nearest
cent.)
First
Payment
Broken Down Into—
Selling
price
Down payment
Amount
mortgage
Rate
Years
Monthly
payment
Interest
Principal
Balance at end of month
$150,000
$30,000
$120,000
7%
30
$
$
$
$
Using the table below, make some calculations and answer the
questions:
Year Nominal GDP Billions Real GDP Billions
2013 16,691.5 15,612.2
2014 17,393.1 15,982.3
2015 18,036.6 16,397.2
2016 18,569.1 16,662.1
2016 18,569.1 16,662.1
Compute the rate of growth of the
economy...
a) Between 2013 and 2014 (2
POINTS)
b) Between 2014 and 2015 (2
POINTS)
c) Between 2015 and 2016 (2
POINTS)
d) Comment briefly on your previous results
(use three lines). (2 POINTS)
e) Which one is more important:...
Year
Nominal GDP
Economic Growth
Workers
GDP Deflator
Capital
Population
CPI
M1
Inflation (with GDP Deflator)
2019
$22,000,000
2.10%
100
110
20,000,000
200
300
$4,000,000
1.10%
2069
$384,000,000
2.80%
150
320
60,000,000
300
1200
$40,000,000
2.90%
From the numbers in the table, and your last question, what led
to the increase in real per capital GDP between 2019 and 2069. Was
it an increase in the fraction of the population working, growth in
labor productivity, or a combination of both...
Calculate the missing values:
(5pts) Nominal and real interest rates. Provide your
calculations.
Real Interest Rate
Nominal Interest Rate
Inflation
2
6
15
10
8
13
(10 pts) Per capita GDP: Using the following data, organize
from the largest to smallest, according the rate of growth of GDP
per capita in each year. Explain your answer. (5pts)
Year
Australia
Belgium
Brazil
Colombia
France
Japan
United States
GDP growth (annual %)
2013
2.44
0.02
2.74
4.94
0.66
1.61
2.22
2014
2.50...
In the following Table you are given information on Real GDP and
Nominal GDP.
Compute the percentage change in Nominal GDP from 1970 to 1980
(15 points) and the percentage change in Real GDP (15 points) from
1970 to 1980.
Year
Nominal GDP
(In Current Prices)
Real GDP
(Base Year 2000 Prices)
1970
4,000
2,000
1980
6,000
4,500
Where do you attribute the difference between the two percentage
changes?
Consider the following data on U.S. GDP:
Year
Nominal GDP
GDP Deflator
(Billions of dollars)
(Base year 2009)
2017
19,485
107.95
1997
8,578
74.45
The growth rate of nominal GDP between 1997 and 2017 was
_______, and the growth rate of the GDP deflator between 1997 and
2017 was ______. (Hint: The growth rate of a variable XX over an
NN-year period is calculated as
100×((XfinalXinitial)(1N)−1)100×XfinalXinitial1N−1)
Measured in 2009 prices, real GDP was ______billion in 1997 and
______billion in 2017....
if prices rise and quantity remains constant, then real GDP and
GDP deflator will increase but nominal GDP will remain Constant.
Give reasons in support of your answer. (need 500-600 words with
figure if possible)
Complete the following using present value. (Use the Table
provided.) (Do not round intermediate calculations. Round
the "PV factor" to 4 decimal places and final answer to the nearest
cent.)
Amount desired at end of period
Length of time
Rate
Compounded
On PV Table
PV factor used
PV of amount desired at end of period
Period used
Rate used
$10,700
4 years
12%
Monthly
%
$