growth b. If the government expenditures and tax revenues in 2021 are ₺7700 and £5000, respectively, what would be the budget deficit to GDP ratio in 2021? c. Through the GDP deflator of 2021 calculate the inflation rate of 2021.

ENGR.ECONOMIC ANALYSIS
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Subject :- Economics

 

answer the questions below.
Year
2020
Base Year
2021
2022
Quantity Price of
of TV
TV b
50
40
60
300
250
250
Quantity
of Car
20
22
24
Price of
Carb
1500
2000
2000
a. Calculate the real GDP growth rate of 2022.
Nominal
GDP
Real
GDP
GDP
Deflator
b. If the government expenditures and tax revenues in 2021 are ₺7700 and
£5000, respectively, what would be the budget deficit to GDP ratio in 2021?
c. Through the GDP deflator of 2021 calculate the inflation rate of 2021.
Transcribed Image Text:answer the questions below. Year 2020 Base Year 2021 2022 Quantity Price of of TV TV b 50 40 60 300 250 250 Quantity of Car 20 22 24 Price of Carb 1500 2000 2000 a. Calculate the real GDP growth rate of 2022. Nominal GDP Real GDP GDP Deflator b. If the government expenditures and tax revenues in 2021 are ₺7700 and £5000, respectively, what would be the budget deficit to GDP ratio in 2021? c. Through the GDP deflator of 2021 calculate the inflation rate of 2021.
b. If the government expenditures and tax revenues in 2021 are ₺7700 and
5000, respectively, what would be the budget deficit to GDP ratio in 2021?
Font
c. Through the GDP deflator of 2021 calculate the inflation rate of 2021.
Normal
BIU A AQ× ×²6 === BE-
Transcribed Image Text:b. If the government expenditures and tax revenues in 2021 are ₺7700 and 5000, respectively, what would be the budget deficit to GDP ratio in 2021? Font c. Through the GDP deflator of 2021 calculate the inflation rate of 2021. Normal BIU A AQ× ×²6 === BE-
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