What is the prevailing inflation rate in Freeland? prevailing inflation rate: What is the prevailing real GDP growth rate? prevailing real GDP growth rate: કર્યો %
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- (2)The data below show the NOMINAL GDP (Y) and GDP deflator (P) for an economy over a five-year period. Year 2. 3. 4 750 780 796 829 892 Y 130 133 135 136 141 (a)For this economy, compute the short term and long-term growth rates. (Round figures to 2 decimal points) (b)Find the average rate of inflation for the entire five-year periodIf a country experienced nominal GDP growth of 8% over the two period when it faces inflation of 5%, what is the real GDP growth of this country? (provide exact answer in two decimal points) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Rising inflation is a biggest challenge for every economy. A sustainable economic growth need price stability which makes essential approach for consumption demand. Higher fluctuation in inflation rate is causing insufficient productivity in economy and consumption demand. Effective utilization of expansionary and contractionary economic policy make may make balance between economic growth, price stability, aggregate demand & supply and employment level. The main components of the consumer price index in Oman are Food, Beverages, Tobacco Transport, Communication, Rent, Electricity, Water and Fuel. Consumer prices in Oman rose by 1.59 percent year-on-year in April of 2021; it was the first monthly increase in consumer prices since March of 2020. The consumer prices in Oman decreased by 1.57 percent year-on-year in January of 2021, marking the eleventh consecutive month of declining in consumer price index which leads to economic slowdown. Major consumption expenditure in 2017 was…
- a) The following table shows the average market basket prices of an Asian country for several years. Year Market Basket Price ($) 2008 340 2018 420 2019 455 2020 500 I. Using the table above, calculate the Consumer Price index for 2018, 2019 and 2020 if the base year is 2008. II. Based on the above information, calculate the inflation rate in the year 2020 b) The following table shows the national account information of an African Country. Item $(millions) Household Consumption 1,250.00 Depreciation of capital goods 120.00 Factor income received from abroad 580.00 Government investment 824.00 Exports 123.00 Imports 390.00 Factor income paid to abroad 225.00 Gross private domestic investment 594.00 Government Consumption 447.00 Transfer Payments…Select one: Snack Year Price per Unit 2021 GDP deflator is 118 in 2022. 2022 15 pesos 20 pesos Quantity 40 40 Nominal GDP is 1000 pesos in 2022. Real GDP is 1180 pesos in 2022. The rate of inflation from 2021 to 2022 is 0%. Cheese Price per Unit Quantity 10 20 pesos 15 pesos 12 The table above describes production and price levels of Macroland in 2021 & 2022. According to this table, which one of the following is correct? (In this question, take 2021 as the base year in your calculations whenever necessary) Soda Price per Unit 8 pesos 10 pesos Quantity 25 20Consider the following data for a particular country. Real GDP per Capita, Year 1 Population, Year 1 and Year 2 $37,500 400 million Inflation Rate 4 percent Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is real GDP per capita in year 2? Growth Rate of Real GDP, Year 1 to Year 2 6 percent b. What is real GDP in year 2? trillion
- QUESTION 9 Interest rate Inflation rate 1996-2000 2001-2005 1.5% 1.4% -1.9% -0.9% 2006-2010 1.3% -0.5% 2011-2015 1.2% 1.6% The table shows the nominal interest rate and the annual inflation rate (the GDP deflator) of Japan in the period 1996-2015 (Source: World Bank). Based on this information, which of the following statements are correct? The real interest rate in 1996-2000 was -0.4%. Japan's real interest rate has been rising consistently over this period. Japan's real interest rate turned from being positive to negative during the period. The real interest rate has been falling faster than the nominal interest rate.Connect Problem CP 28-09 (algo) Consider the following data for a particular country. Real GDP per Capita, Year 1 Population, Year 1 and Year 2 $37,500 400 million Growth Rate of Real GDP, Year 1 to Year 2 6 percent Inflation Rate 4 percent Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 2 decimal places. a. What is real GDP per capita in year 2? $ b. What is real GDP in year 2? trillionTableau : Quelques Indicateurs macroéconomiques de l’Ontario de 2017 à 2021 YEAR Nominal GDP (Millions $) Industrial Production Index 2012=100 Consumer Price Index 2002=100 Real GDP (Millions $) 2012=100 Nominal GDP growth rate (%) Real GDP growth rate (%) inflation RATE (%) 2017 727042 102,7 125,9 2018 760435 105,1 127,4 2019 790749 107,4 129,7 2020 826945 108,8 131,9 2021 857384 110,2 135,0 Source: Adapted from various Statistics Canada tables Complete this table. Keep two decimal places, if applicable and From 2017 to 2021, in what year does the Ontario economy grow the most each year? Then justify your answer with the appropriate concepts and data. Your answer AND justification.
- Suppose that the average annual growth rate of nominal GDP over a period is 6.8% and the average annual inflation rate over the same period is 3.7%. What is the growth rate of real GDP? Use the exact formula and express your answer in percentage rounded to the nearest first decimal.Now you see what the BLS economist do, except with a more complex basket of goods. Now try to construct an index and determine the inflation rate on your own. The table shows the prices of fruit purchased by the typical college student from 2001 to 2004. What is the amount spent each year on the “basket” of fruit with the quantities shown in column 2? (5 points) Items Qty. 2001 2002 2003 2004 Price Amount Spent Price Amount Spent Price Amount Spent Price Amount Spent Apples 10 $0.50 $0.75 $0.85 $0.88 Bananas 12 $0.20 $0.25 $0.25 $0.29 Grapes 2 $0.65 $0.70 $0.90 $0.95 Raspberries 1 $2.00 1.9 2.05 2.13 $2.13 Total Construct the price index for a “fruit basket” in each year using 2003 as the base year. (5 points) Compute the inflation rate…Suppose real GDP per capita doubles in 5 years. Annual population growth rate = 2%. Annual inflation rate = 1.5%. Calculate the approximate annual growth rate of nominal GDP. (Round your answer to the nearest 1 decimal place) Answer: Annual growth rate of nominal GDP = __________%
