March 30, 2015

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:

Related Questions

economics - The country of Arkanslavia had money supplies of 183 million ...
macroeconomics - 22. The following table shows the price of a specific stereo ...
accounting - Houser Appliances accounts for all sales of its merchandise on the ...
microeconomics - The Consumer Price Index (CPI) for the year 2012 is 2.412 and ...
macroeconomics - 25. The following table shows the price of a specific stereo ...
economics - If someone could help me with this question, that would really help...
math 208 - Price of a Stamp The table lists the price P of a first-class postage...
Statistics - I am struggling with how to answer this. It seems not enough ...
Finance - On January 1, 2011 you bought a two-year U.S. government bond with a ...
tax income - Tom and Betsy, who are married filing jointly, reported a standard ...