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CPI projections and realGDP of 2022-2023 in canada
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- The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of Economic Analysis for 2013 and 2014. The data is listed per quarter, and the real GDP data was calculated using 2009 as the base year. Fill in the columns for the GDP deflator and for the percent increase in price level. (Round your responses to two decimal places!) Quarter Nominal GDP Real GDP GDP Deflator Percent Increase in Price Level (%) 2013 Q1 16,502.40 15,538.40 106.20 ---- 2013 Q2 16,619.20 15,606.60 ? ? 2013 Q3 16,872.30 15,779.90 ? ? 2013 Q4 17,078.30 15,916.20 ? ? 2014 Q1 17,044.00 15,831.70 ? ? 2014 Q2 17,328.20 16,010.40 ? ? 2014 Q3 17,599.80 16,205.60 ? ? 2014 Q4 17,703.70 16,294.70 ? ? Please explain how to solve the empty columns thank you!national statistics office in announces that in April 2020, of all adult citizens in the country, 139455,000 were employed, 15260,000 were unemployed and 82814000 were not in labor force. Use this information and calculate the followings: The adult population The labor force The labor force participation rate The unemploymentSuppose the Consumer Price Index in 2016 is 127.1 with 2002 as the base year a) What is the purchasing power of the dollar compared to 2002 b) What is the real income relative to 2002 of person whose income was $72500
- Using Table 1, calculate percent change in real (1988 = 100) aggregate away-from-home household %3! food expenditures from 1997 to 2019. Enter your answer as a percent rounded to the nearest one hundredth of a percent (i.e., two decimal places). Table 1. Population, CPI, Income, and Food Expenditure Data. Away-From- At-Home Home Total Disposable Household Household Household Personal Food Food Food Year Population Expenditures Expenditures Expenditures CPI Income millions (1988 = 100) billions, nominal. %3D 1997 273 135.7 6,161 354 265 619 1998 276 137.8 6,574 364 278 642 1999 279 140.8 6,890 386 292 678 2000 282 145.6 7,416 405 313 718 2001 285 149.7 7,767 423 326 749 2002 288 152.1 8,107 428 334 762 2003 290 155.5 8,484 444 355 799 2004 293 159.7 8,986 466 382 848 2005 296 165.1 9,386 491 407 898 2006 298 170.4 10,025 515 434 949 2007 301 175.3 10,515 543 461 1,004 2008 304 182.0 10,935 564 478 1,042 2009 307 181.3 10,907 537 476 1,013 2010 309 184.3 11,314 538 489 1,027 2011 312…A simple economy produces two goods, Apple Pies and Software. Price and quantity data are as follows: In Year 2, nominal GDP is equal to: $ and real GDP is $ Production and Prices in Year 1 (Base year) Quantity 105 550 Product Apple Pies Software Price Per Unit Production and Prices in Year 2 Quantity 131.25 825.00 Product Apple Pies Software $2.00 $50.00 Price Per Unit (enter both responses rounded to the nearest penny). $3.00 $100.00The table below shows nominal GDP (Y) data for Dream Island for 1990 and 2005. Also shown are data for the GDP deflator (P) and the population (N). Calculate annual growth rates for GDP and population and the average inflation rate for the 15 years. Then calculate real GDP growth and per- capita, real GDP growth annually for that period. Year Nominal GDP deflator Population GDP (1997-100) (in millions) (in $ millions) 1990 2708 71.7 220 2005 6738 126.1 260 a. Growth rate of Nominal GDP = b. Inflation rate = c. Growth rate of population = d. Growth rate of real GDP = e. Growth rate of real GDP per capita =
- The question is in the attached image. Answer all threeConsumer Price Index (CPI), and Inflation Use the data below to answer questions 1 and 2: 2021 Base year 2022 2023 100 Loaves of bread $1.75 $2.30 $3.75 50 sticks of butter $4.80 $5.90 $7.15 1. Calculate CPI for each year. 2021: CPI 2022: CPI 2023: CPI 2. CPI in 2022 = 288.35, and in 2024 = 313.55; calculate the inflation rate between 2022 and 2024.Blu-rays CPI basket quantity Bottled water 10 discs $16 per disc $12 per disc $1.00 per bottle $1.25 per bottle 14) If 2009 is the reference base period, what is the price index for the CPI basket of goods for 2015 in the above table? A) 102.8 2009 price 200 bottles 2015 price B) 97.3 C) zero because the price of Blu-rays fell and the price of water increased D) 128.0
- Please answer the following questions in the pictureBudget Analysis (9’) The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Assuming City A’s population grows at a constant rate in the next decade. Based on the information in the table, estimate City A’s population in 2030. Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. Calculate the compound annual growth rate of per capita spending from 2010 to 2020GDP and CPI: Tracking the Macroeconomy- End of Chapter Problem How might the current weighting of CPI lead to either an overstatement or understatement of the actual inflation rate experienced by households? The percentage shares of different types of spending change from year to year. Most households' consumption habits devitate somewhat from those of the "typical" household. The CPI uses only a handful of products to construct its market basket, whereas most households consume a wide variety of products. The base period used to construct the CPI is 1982-84, whereas consumption patterns have changed since then.
