Your IP: 128.199.148.231 What is the price level? Question: Question 1 If In Some Year Nominal GDP Was $10 Trillion And Real GDP Was $4 Trillion, What Was The GDP Deflator ? If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. C. 112. 250. b. And this nominal GDP, uh, this Ryuji TB is going to rice by five person. In the same period prices rose on average by roughly 11.11 percent. The nominal GDP is the current market prices. I tried to do this: (14.4 / 1.1848) / 10.6 = 14.66% is this right? Answer to: Suppose that this year's money supply is $2 trillion, nominal GDP is $8 trillion, and real GDP is $4 trillion. Thank you To calculate real GDP, the BEA starts with a reference year. The price level fell 6% between 2040 and 2050, and population growth was 4%. Which scenario might have taken place at a southern state polling center in the wake of the Fifteenth Amendment being ratified ? In 2009, 100 dozen eggs are sold at $3 per dozen and 50 pounds of ham sold at $4 per pound. 80, and this indicates that the price level has increased by 80 percent since the base year. If in some year nominal GDP was $10 trillion and real GDP was $4 trillion, what was the GDP deflator? $40 trillion.d. the gdp price index in 2009 was 112, and real gdp in 2009 was $11 trillion (2005 dollars). $10 trillion c. $40 trillion d. $100 trillion Table 23-4 The country of Caspir produces only cereal and milk. Answers. If nominal GDP is $8 trillion and real GDP is $10 trillion, then the GDP deflator is a.80, and this indicates that the price level has decreased by 20 percent since the base year. If nominal GDP is $6 trillion in a particular year and base year GDP was $3 trillion, then the GDP price index is____ what? If in some year nominal GDP was $10 trillion and real GDP was $4 trillion, what was the GDP deflator? $10 Only authorized users can leave an answer! Forgot password, Added 2019-02-06 06:05:56 subject Business (School) by ladybuggg7879, GDP Deflator= (Nomial GDP÷ Real GDP)×100 a.87.5 b.114.3 c.400 d.896 32. If in some year real gdp was $5 trillion and the gdp deflator was 200, what was nominal gdp? Nominal GDP is calculated using the following equation: Where:C – Private consumptionI – Gross investmentG – Government investmentX – ExportsM – ImportsFor example, if a country reports $ 0 0 Comment. $100 trillion. Suppose that nominal GDP was $10 trillion in 2040 in Atlantis. D. 114. Disposable income is. Suppose that velocity is constant and the economy’s output of goods and services rises by 5% each year. d. $100 trillion. A. Social Security payments are 25 40 250 400 Question 2 Suppose An Economy Produces Only Burgers And Bags Of Fries. a. Suppose nominal GDP in 2000 was $8 trillion and in 2001 it was $10 trillion. Suppose an economy produces only eggs and ham. 114.3 c. 400 d. 896 ____ 20. Suppose that velocity is constant and the economy’s output of goods and services rises by 5 percent each year. $2.5 trillion. In 2010, 4000 Burgers Are Sold At $3 Each And 6000 Bags Of Fires Are Sold At $1.50 Each. b. Investments c. Entrepreneurial ability or d. All of the above ... Based on the lesson and your reasearch, how would you find a four year college degree? The price level fell 6% between 2040 and … What is the velocity of money? 25 b. In 2009, 100 dozen eggs are sold at $3 per dozen and 50 pounds of ham sold at $4 per pound. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. GDP Deflator. Answered by moonlight13. Year Real GDP Price Index Nominal GDP 1970 100 50 1980 300 300 1990 200 2.400 2000 1,000 3,000 4. In 2050, nominal GDP was $15 trillion in Atlantis. Quantities and prices of these goods for the last several years are shown below. b.80, and this indicates that the price level has increased by 80 percent since the base year. a. Table 1 The table below contains data for the country of Batterland, which produces only waffles and pancakes. In our base-case projections, GDP will grow from $2.7 trillion in 2019 to $5 trillion by 2025 and $8.4 trillion by 2030. A.Suppose that this year’s money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. If in some year nominal gdp was $10 trillion and real gdp was $4 trillion, what was the gdp deflator? What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant? a. $2.5 trillion b. ... Kamath said given the size of some NBFCs, the regulators think and believe that they should not pose a systemic risk. Tuvalu has the world's smallest national economy with a GDP (nominal) of approximately $42 million. $10 trillion. 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