2. Table 1 shows the current GDP Data and real GDP for the year 2013 to 2015. Current GDP RM175 bilion RM189 bilion RM201 bilion True/Right GDP deflator RM175 bilion RM183 bilion RM185 bilion Year Inflation rate 2013 100 2014 2015 a. Fill in the blanks for the deflection and infusion rate for 2014 and 2015. Show your calculation path
2. Table 1 shows the current GDP Data and real GDP for the year 2013 to 2015. Current GDP RM175 bilion RM189 bilion RM201 bilion True/Right GDP deflator RM175 bilion RM183 bilion RM185 bilion Year Inflation rate 2013 100 2014 2015 a. Fill in the blanks for the deflection and infusion rate for 2014 and 2015. Show your calculation path
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.1P
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![2. Table 1 shows the current GDP Data and real GDP for the year 2013 to 2015.
Current GDP
RM175 bilion
RM189 bilion
RM201 bilion
True/Right GDP deflator
RM175 biljon
RM183 bilion
RM185 bilion,
Year
Inflation rate
2013
100
2014
2015
a. Fill in the blanks for the deflection and infusion rate for 2014 and 2015. Show your calculation
path
b. The following is an equation of consumption functions for a 2 sector economy.
C = 90 + 0.75Y and Y = 360
i) Draw the usage function curve and mark A at the equilibrium point
i) Draw the savings function curve and and mark B at the equilibrium point
m) Assuming the household consumption increases by RM180, what is the value of the new
income and mark C at the new equilibrium point for the consumption function and D at the new
equilibrium point for the investment function.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F49c04503-f7aa-4c66-8bbd-9041c90013c8%2F39b2303e-ac1f-4217-8e77-67c268289fcf%2F3ozqke6_processed.png&w=3840&q=75)
Transcribed Image Text:2. Table 1 shows the current GDP Data and real GDP for the year 2013 to 2015.
Current GDP
RM175 bilion
RM189 bilion
RM201 bilion
True/Right GDP deflator
RM175 biljon
RM183 bilion
RM185 bilion,
Year
Inflation rate
2013
100
2014
2015
a. Fill in the blanks for the deflection and infusion rate for 2014 and 2015. Show your calculation
path
b. The following is an equation of consumption functions for a 2 sector economy.
C = 90 + 0.75Y and Y = 360
i) Draw the usage function curve and mark A at the equilibrium point
i) Draw the savings function curve and and mark B at the equilibrium point
m) Assuming the household consumption increases by RM180, what is the value of the new
income and mark C at the new equilibrium point for the consumption function and D at the new
equilibrium point for the investment function.
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