For each year in the series 2012 - 2018 i. Estimate, the GVA at Constant Prices [2012=100] for the Manufacturing Sector. Apply the method of Extrapolation, using an appropriate Volume Index. ii. 111. Estimate GVA at Constant Prices [2012= 100] for the Distribution Sector by Deflating the Current Price Estimates by the All-Items Indices of the Retail Price Index. Estimate GVA at Constant Prices [2012=100] for the Other Services Sector by using the Implicit (GDP) Deflator rebased to 2012 = 100.
For each year in the series 2012 - 2018 i. Estimate, the GVA at Constant Prices [2012=100] for the Manufacturing Sector. Apply the method of Extrapolation, using an appropriate Volume Index. ii. 111. Estimate GVA at Constant Prices [2012= 100] for the Distribution Sector by Deflating the Current Price Estimates by the All-Items Indices of the Retail Price Index. Estimate GVA at Constant Prices [2012=100] for the Other Services Sector by using the Implicit (GDP) Deflator rebased to 2012 = 100.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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ECON NEED ANSWERS FOR PART i,ii.iii,iv IN THE SECOND IMAGE
Transcribed Image Text:Table 2 showing Current and Constant Price Data and Volume and Price Indices for the period
2012 - 2018|
2012
2013
2014
2015
2016
2017
2018
Current Price GDP
164380.0 163007.8
(TTD Mn.)
Constant Price GDP
170317.6 167764.3 150246.6 181110.8
165203.2
(TTD Mn)
2000=100
90100.0
91523.9
92708.2
95168.6
94620.5
94073.1
97420.0
CURRENT PRICES
SELECTED SECTORS
GVA - NON- ENERGY
90806.0
91500.0
95632.0
105484.0 109888.0 112312.0 112092.0
GVA- Manufacturing
12606.0
10710.0
9606.0
10870.0
9782.0
9012.0
8692.0
GVA - Distribution
28000.0
28990.0
31826.0
36214.0
38406.0
38000.0
37300.0
GVA - Other Services
50200.0
51800.0
54200.0
58400.0
61700.0
65300.0
66100.0
INDICES
Retail Price Index -All
Items Index (2012=100)
100.0
120.0
118.0
122.0
141.0
135.0
140.0
Domestic Production Index
- Manufacturing Sector
(2012=100)
100.0
110.0
115.0
120.0
109.0
98.0
95.0
2a
Explain the concept of the GDP Deflator. Using data in Table 2, calculate the GDP Deflator
for the Series 2012 – 2018.
26.
Prepare a series that rebases the GDP Deflator from Base Year 2000 = 100 to Base Year
2012 =100
2c.
Using the data on Current Prices for Selected Sectors, prepare Constant Price Estimates of
Gross Value Added (GVA) for the Manufacturing, Distribution and Other Services Sectors
for the period 2012 – 2018.
![For each year in the series 2012 - 2018
Estimate, the GVA at Constant Prices [2012 = 100] for the Manufacturing Sector.
Apply the method of Extrapolation, using an appropriate Volume Index.
1i.
Estimate GVA at Constant Prices [2012 = 100] for the Distrībution Sector by
Deflating the Current Price Estimates by the All-Items Indices of the Retail Price
Index.
Estimate GVA at Constant Prices [2012 = 100] for the Other Services Sector by using
the Implicit (GDP) Deflator rebased to 2012 = 100.
iv
Calculate the Rate of Growth in the GDP at Constant Prices between the years 2012 and
2018.
n Pn
- 1
Ро
Use the Formula
to calculate the rate of growth.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2eb53cad-5ff2-42f1-bbb8-12765c814241%2F5a685167-5824-4ad5-a677-baa05da3859d%2Fs7eevjj_processed.png&w=3840&q=75)
Transcribed Image Text:For each year in the series 2012 - 2018
Estimate, the GVA at Constant Prices [2012 = 100] for the Manufacturing Sector.
Apply the method of Extrapolation, using an appropriate Volume Index.
1i.
Estimate GVA at Constant Prices [2012 = 100] for the Distrībution Sector by
Deflating the Current Price Estimates by the All-Items Indices of the Retail Price
Index.
Estimate GVA at Constant Prices [2012 = 100] for the Other Services Sector by using
the Implicit (GDP) Deflator rebased to 2012 = 100.
iv
Calculate the Rate of Growth in the GDP at Constant Prices between the years 2012 and
2018.
n Pn
- 1
Ро
Use the Formula
to calculate the rate of growth.
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