b. Use the data above to graph Alpha's real GDP between 2012 and 2019.Instructions: Use the tool 'real GDP' to graph the 8 real GDP values from year 2012 until 2019.Real GDP20,00019,80019,60019,40019,20019,00018,80018,60018,40018,20018,00017,80017,60017,40020112012Business Cycle2013201420152016Year20172018Tools20192020/line 2 Given below is the the real GDP and potential GDP for the fictitious country "Alpha."a. Use the data to determine the year-to-year growth rates of real GDP and the output gap as a percentage of potential GDP, and statewhether the gap is a recessionary gap or an expansionary gap.Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be sureto include a negative sign (-) in front of those numbers.Year20122013201420152016201720182019Real GDP$ 17,500$ 18, 200$ 18,500$ 18,400$ 18,200$ 18,600$ 19,200$ 19,900Potential GDP Real GDP growth$ 17,300$ 17,800$ 18,300$ 18,800$ 19,300$ 19,700$ 20,100$ 20,500%%%%Output gap%%%recessionaryrecessionaryrecessionary% recessionaryde deType of gapexpansionaryexpansionaryexpansionaryrecessionary%V

Real GDP, or Gross Domestic Product, is a measure of a country's economic output adjusted for…

Given below is the the real GDP and potential GDP for the fictitious country "Alpha." a. Use the data to determine the year-to-year growth rates of real GDP and the output gap as a percentage of potential GDP, and st whether the gap is a recessionary gap or an expansionary gap. Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be su to include a negative sign (-) in front of those numbers. Year 2012 2013 2014 2015 2016 2017 2018 2019 Real GDP $ 17,500 $ 18, 200 $ 18,500 $ 18,400 $ 18, 200 $ 18,600 $ 19,200 $ 19,900 Potential GDP Real GDP growth $ 17,300 $ 17,800 $ 18,300 $ 18,800 $19,300 $ 19,700 $ 20,100 $ 20,500 % % % % % Output gap % % aeaeaeaeaeae % % % % Type of gap expansionary expansionary expansionary recessionary recessionary recessionary recessionary recessionary

Given below is the the real GDP and potential GDP for the fictitious country "Alpha." a. Use the data to determine the year-to-year growth rates of real GDP and the output gap as a percentage of potential GDP, and st whether the gap is a recessionary gap or an expansionary gap. Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be su to include a negative sign (-) in front of those numbers. Year 2012 2013 2014 2015 2016 2017 2018 2019 Real GDP $ 17,500 $ 18, 200 $ 18,500 $ 18,400 $ 18, 200 $ 18,600 $ 19,200 $ 19,900 Potential GDP Real GDP growth $ 17,300 $ 17,800 $ 18,300 $ 18,800 $19,300 $ 19,700 $ 20,100 $ 20,500 % % % % % Output gap % % aeaeaeaeaeae % % % % Type of gap expansionary expansionary expansionary recessionary recessionary recessionary recessionary recessionary

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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120 100F NOR ARE SGP CHE HKG SWE TWN Na. A VEN 40 60 80 100 120 Relatiwe GDP per enpita to the US lewel - 1970 In the figure above, GDP per capita relative to the US level for a large group of countries is plotted for years 1970 (in the horizontal axis) and 2000 (in the vertical axis). Which one of the following statements is correct? O Income per capita of countries on the 45 degree line has grown at a similar rate than income per capita of the US in each year. O Income per capita of each country is plotted according to how strongly it correlates to the income per capita of the US in each year. O The income per capita of those countries below the 45 degree line has grown the fastest in between years 1970 and 20 O The income per capita of those countries on the 45 degree line has not grown in between years 1970 and 2000.
2 (2) WhatsApp Answered: Suppose there b Search results for 'betweer x between the years 2000 an x translate inggris - Penelusu x + O X A web.whatsapp.com Update H economics A st. Go to the wn the list of rith the fastest the forecast rates between the Nations. Fill in the column for the real GDP for each years 2000 and 2016 for India from the United year. Nominal per contents at Year cap GDP GDP Deflator Real GDP here are articles aragraph or two conditions in one 2000 430.7277284 57.36678064 2001 437.0571735 56.29168237 2002 449.2611259 56.71696401 growing or not 2003 517.4687782 61.28959225 2004 616.0236666 68.47409723 2005 709.7680483 73.34417561 e of the European outliers, the red lower growth tern Europe. Go > look at real GDP 4) in the data? Can the news why 2006 790.9944417 75.97529403 2007 991.3467178 88.04073962 2008 1048.161005 90.92663843 2009 1068.62321 86.677581 2010 1340.910324 100 2011 1500.853109 106.3463115 ing hember states? 5:50 PM tates in Eastern 2012 1473.301818…
Given below is the the real GDP and potential GDP for the fictitious country "Alpha." a. Use the date to determine the the year-to-year growth rates of real GDP, the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Year Real GDP Potential GDP Real GDP growth Output gap Type of gap 2005 $17,500 $17,300 % (Click to select) expansionary recessionary 2006 $18,200 $17,800 % % (Click to select) expansionary recessionary 2007 $18,500 $18,300 % % (Click to select) recessionary expansionary 2008 $18,400 $18,800 % % (Click to select) expansionary recessionary 2009 $18,200 $19,300 % % (Click to select) recessionary expansionary 2010 $18,600 $19,700 % % (Click to select) recessionary…
Please answer the question with work shown on the attached picture below, thanks! #6
Between 2000 and 2017, real GDP per person grew, on average, 1% per year in the United States. Did this GDP growth benefit all Americans? What does this tell us about the limitations of GDP as a measure of living standards?
Saved The accompanying table shows real GDP from 2010 to 2015 for China, measured in billions of 2009 dollars: Bil1ions of 2009 Year Dollars Growth Rate 2010 5,609 2011 6,140 2012 6,613 2013 7,122 2014 7, 642 2015 8, 169 J Instructions: Enter your response rounded to one decimal place. a) Complete the growth rate column above. % b) By what percentage did the Chinese economy grow between 2010 and 2015? c) Chinese economic growth was the highest in (Click to select)
Macmillan Learning Suppose that the GDP of California increases by 12% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal. duration for California's GDP to double: Suppose that the GDP of Oregon today is exactly twice what it was 22 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal. average annual growth for Oregon: years % each year
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The data in the table below show the total output (a mixture of consumer, capital, and government services) and the prices of each product for the distant country of Vindaloo. (All figures are in billions and the base year is 2018.) a. Complete the table below. 123456789101112 PricesNominal GDPQty2019 PricesNominal GDPReal GDPQty2020 Prices Nominal GDPReal GDPPizzas32$8$ 36$9$ $ 40$10$ $ Movie tickets226 248 268 Farm tractors4105 595 6110 Parking meters640 750 460 Totals 201820192020ltemQty2018 b. The value of nominal GDP in 2018 is $, in 2019 is $, and in 2020 is $. c. The value of real GDP in 2018 is $, in 2019 is $, and in 2020 is $. d. The value of the GDP deflator in 2018 is, in 2019 is, and in 2020 is. Answer to one decimal place. e. The inflation rate (using the GDP deflator) in 2019 is % and 2020 is %. Answer to one decimal place. f. Suppose that the representative consumer in Vindaloo buys 5 units of each consumer good. In this case the cost of the bundle in 2018 is $, in 2019…
This question pertains to correctly calculating total investment as a percent of GDP for a country across multiple years with different amounts of investment per year and different GDPs per year. I've seen 2 methods to calculate the total investment as a percent of GDP for 1 country. First, for each year, calculate investment as a percent of GDP for each year then sum those percentages. Second, sum all investments and sum all GDP across years and then divide sum of investments over sum of GDP. What is the correct method to calculate total investments across multiple years for 1 country when each year has a different GDP?
The economy produces only two general types of products: Apples, and Bananas. Price and Quantity information of these items over a period are shown below: Year 2019 Year 2020 Product Output Average Price per Unit Output Average Price per Unit Apples 14 $5 12 $16 Bananas 14 $20 14 $20 Using year 2020 as the base year, Growth rate of Nominal GDP from year 2019 to year 2020 is ______%. (Cut off at the first decimal point. eg: Suppose that your calculated answer is 9.98, then, write 9.9.)
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