economics
 👍
 👎
 👁
Respond to this Question
Similar Questions

ECONHELP!!
1. In the Country of Wiknam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent. What is the real interest rate? 2.

Macroeconomics* Please check my answers*
If real GDP per capita grows at a rate of 5% per year consistently over time, how many years would it take for it to double in size? 5 10 My answer 14 70 The purpose of indexing Social Security payments to the CPI is to ______.

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
The money supply in Freedonia is $200 billion. Nominal GDP is $800 billion and real GDP is $400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this

economics
in 1990, US nominal GDP was $5,744 billion and the GDP chain price index is 93.6. Real GDP in 1996 dollars is approximately:

econ
Choose the statement that correctly defines the changes in GDP due to the following transaction: Ghana exports cocoa powder to the US customers. US’s consumption increases, so US’s GDP increases. US’s consumption increases,

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

economics
We can conclude that there has been inflation since the base year if the GDP price index in the current year is A) positive B) equal to zero C) less than 100 D) greater than 100 E) negative

Macroeconomics
If the GDP deflator increased by 3 percent while nominal GDP grew by 5 percent: a) real GDP would grow by 2 percent. b) real GDP would grow by 8 percent. c) real GDP would be unchanged. d) real GDP would fall by 3 percent. My

Economics
The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 13 (be

Econ
given the following information, calculate nominal GDP, real GDP, and the percentage increase in year two. Be sure to label the answers. Describe what is taking place in the economy. In the base year, 10 new cars were sold at

econ
Last year real GDP in the imaginary nation of Populia was 907.5 billion and the population was 3.3 million. The year before real GDP was 750 billion and the population was 3 million. What was the growth rate of real GDP per person
You can view more similar questions or ask a new question.