macroeconomics
posted by Ella .
Year  2000
Nominal GDP: 9,817
Real GDP: ___________
GDP Deflator: 1
Inflation 2.2
Real GDP Per capita: _________
Population 283.7
Year – 2001
Nominal GDP: ________
Real GDP: 9,891
GDP Deflator: _________
Inflation 2.4
Real GDP Per capita: _________
Population 286.6
Year 2003
Nominal GDP: _________
Real GDP: __________
GDP Deflator: 1.04
Inflation: __________
Real GDP Per capita: 37,450
Population: 289.5
Calculate the missing Data
Ok soo.. i think i figured out the first row, For the first one I got 9,817 for Real GDP and 34.60 for real GDP per capita but im stuck with the others

ok, start with the given Real GDP in 2001. Deflate this to 2000 dollars using the stated inflation rate of 2.4%
Real 01 GDP in 2000 dollars=9891/1.024=9659.18
Next calculate real growth in GDP between 2000 and 2001. Growth GDP = (real GDP01)/(real GDP00) = 9659.18/9817.00 = 0.9839
Finally, Nominal GDP in 2001 is (Nominal GDP00)*inflation*(real growth in GDP) = 9817 * 1.024 * 0.9839 =9890.76
GDP deflator is (nominal GDP)/(real GDP) = 9890.76/9891. = 1.0
Real GDP per cap is real GDP / pop = 9891/286.6 = 34.5
Ok, now you take it from here
Respond to this Question
Similar Questions

Economic
All of the following refer to the Economy of Ecoland:  GDP in 1990 is $1000  Annual inflation is 5% per year from 1991  1995. From 1996  1999, inflation is 10% per year  Real GDP grows at 2% every year a) Calculate real GDP from … 
Economics
The task of my assignment was to calculate the Nominal GDP, given the GDP deflator and the Real GDP. This is what I got. GDP Deflator Real GDP Nominal GDP 0.9 600 540 1.0 600 600 1.1 600 660 The second part of the question asks what … 
Macroeconomics
Calculating the Rate of Growth of Per Capita Real GDP The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the countries' population was stable from year to year. Recently, however, a significant … 
Macro
The great depression was the worst ecomonic disaster in US history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP between … 
Macroeconomics
How do you calculate the nominal GDP and the real GDP of something? 
macroeconomics
23. The next four questions refer to the following price and output data over a fiveyear period for an economy that produces only one good. Assume that year 2 is the base year. Units of Price Year output per unit 1 16 $2 2 20 3 3 … 
macroeconomics
27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are in … 
economics
What are the following variables used for in economics: Nominal GDP, Real GDP, GDP Deflator and CPI? 
ECO
suppose US nominal GDP was $6,250 billion in 2000 and GDP chain price index is 125.0. Real GDP is: 
Economics Macro
Suppose that real GDP per capita in the United States is $49,000. If the longterm growth rate of real GDP per capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000?