Thursday
October 23, 2014

Homework Help: Macroeconomics

Posted by Isis on Wednesday, September 12, 2012 at 4:10pm.

Ok so this probably seems easy but I am not sure how to work these. We are given a table with data
Price Paper Price
2010 2 100 2.5
2011 3 125 3
2012 4 150 3.5
we are usig 2011 as base year

a) what is nomial GDP?
b) Real GDP?
c) GDP Price Index
d) CPI

Is nomial just multiplying the 2 numbers?

Price index divide by base year and multiply by 100?

I am not sure how to determine the others.
Thanks for any help?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

macroeconomics - 22. The following table shows the price of a specific stereo ...
macroeconomics - 25. The following table shows the price of a specific stereo ...
math 208 - Price of a Stamp The table lists the price P of a first-class postage...
math117/algebra - The price of an item is given by p=2xsquared - 100. Find the ...
Macroeconomics - If the government imposes a price ceiling of $100 on a market, ...
economics - The table provides data on the demand for and the supply of eggs in ...
Econ MC - Externalities cause markets to a. fail to allocate resources ...
*Math* - The price of the common shares of SouthCo was valued at $39.45 at the ...
Math - Could someone work this question out so I understand it. Thanks The ...
Math 209 - Predicting Home Prices Selling prices of homes can depend on several ...

Search
Members