Use the data on U.S. realGDP below to compute realGDP per person for each year. Then use these numbers to compute the percentage increase in realGDP per person from 1987 to 2005.
Year RealGDP (2000 prices) Population
1987 $6,435,000 million 243 million
2005 $11,092,000 million 296.6 million
If GDP increases in nominal terms from $600 billion in 1994 to $663 billion in 1996 and the price index (1992=100) rises from 120 to 130, how much real growth (in 1992 dollars) in GDP occurred between 1994 and 1996?
Calculate the realGDP in each year, assuming that the nominal GDP was $559 billion in the base year, $577 billion in year one, and $605 billion in year two; and that the price index rose from 100 to 104.5 in the first year, and up to 108.3 in the second year. If the price index 20 years before the base year was 41.2, and the no
Given a table of data comprising realGDP and its components over a number of years, compute compound annual percentage changes in realGDP (economic growth) and compute the shares in realGDP. Evaluate changes in economic growth.
See the attached file. Complete the table and answer the following questions:
What's the differ
Visit the Bureau of Economic Analysis Web site, http://www.bea.gov, and access the BEA interactively by selecting National Income and Product Account Tables. Select Frequently Requested NIPA Tables, and use Tables 1.1 and 1.2 to identify the GDP (nominal GDP) and realGDP for the past four quarters. Why was nominal GDP greater t
Can you tell me which statement is corrrect (if any) and why?
1. Actual aggregate expenditures does not always equal realGDP.
2. Planned investment exceeds actual investment when realGDP is greater than aggregate planned expenditures.
3. Actual investment exceeds planned investment when realGDP is less than aggregate
If realGDP were $3 trillion in year 1 and $3.06 trillion in year 2, the growth rate of realGDP between the two years is?
Year 1 the population was 300 million, and in year 2 the population was 306 million, what is the growth rate of the per-capita realGDP?