Question 2 (1 point)Si un petit pays a un PIB nominal actuel de 20 milliards de dollars et un déflateur duPIB de 50, quel est son PIB réel?a) $100 milliards de dollarsb) $40 milliards de dollarsc) $10 milliards de dollarsd) $4 milliards de dollars

It is possible to measure the economic output of a nation by calculating its Gross Domestic Product…

Answered: Question 2 (1 point) Si un petit pays a…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...

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2.The Secretary of the Treasury was authorized by Congress to mint and sell a stated number of commemorative coins to raise funds to restore and renovate the Statue of Liberty. The U.S. Mint mailed advertising materials to persons, including Mary and Anthony Mesaros, that described the various types of coins that were to be issued. Payment could be made by check, credit card, or money order. Directly above the space provided on the order form for the customer’s signature was the following: “YES. Please accept my order for the U.S. Liberty Coins I have indicated. “ Mesaros forwarded to the Mint a credit card order for $1,675 for certain coins. Cash orders were processed before credit card orders. The 500,000 authorized coins were distributed before the Mesaros’ credit card order was able to be processed. The Mint notified the Mesaros that their order would not be filled. The coins increased in value 200% within the first few months after distribution. The Mesaros sued the U.S.…
Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?
Typed and correct answer please. Consider the data shown below for the Canadian Consumer Price Index (CPI), drawn from the Bank of Canada's website. a. Compute the missing data in the table. (Round your responses to one decimal place.)
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Suppose the Consumer Price Index for 2012 was 121.8 and for 2014 it was 125.2. (a) Determine the purchasing power of the dollar in 2012 and 2014 relative to the base year 2002. (b) Compute the purchasing power of the dollar in 2014 relative to 2012. (a) The purchasing power of the dollar in 2012 is. (Round to three decimal places as need.) The purchasing power of the dollar in 2014 is (Round to three decimal places as need.) (b) The purchasing power of the dollar in 2014 relative to 2012 is. (Round to three decimal places as need.)
Martin Shrood purchased a vacant lot outside of London for £13,500, because he heard that a shopping mall was going to be built on the other side of the road. He figured that he could make a bundle by puttingin a fast-food outlet on the site. As it turned out, the rumor was false. A sanitary landfill was located on the other side of the road, and Martin’s land was worthless. (£ denotes the British monetary unit, pounds sterling.)*Required: With respect to the economic characteristics of costs, what type of cost is the £13,500 that Martin paid for the vacant lot?
Question 4 Between 2015 and 2016, the CPI of a small nation rose from 1.82 to 1.85. If household incomes rose by 3% during that period of time, which of the following is true? O The purchasing power of household income fell between 2015 and 2016. O The purchasing power of household income rose between 2015 and 2016. O The purchasing power of household income remained constant between 2015 and 2016. O The CPI cannot be used to determine how the purchasing power of household income changes over time.
13. What effect does inflation have on the purchasing power of a dollar? Inflation reduces the purchasing power of the dollar. Facing higher prices with a given number of dollars means that each dollar buys (more, less ) than it did before. If the CPI was 110 last year and is 121 this year, what is this year's rate of inflation? This year's rate of inflation is (_ ) % because [ ( _-_)/. ]×100. How long would it take for the price level to double if inflation persisted at 7 percent per year? years. (Use the "rule of 70" )
Question attached’
The given table indicates the transactions for one teller for one day. Letting C represent "cashing a check" and D represent "making a deposit," express P(C′|D′)in words and find its value.
Table 22.4 shows the fruit prices that the typing college student purchased from 2001 to 2004. What is the amount spent each year on the basket of fruit with the quantities shown in column 2?

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Question 2 (1 point) Si un petit pays a un PIB nominal actuel de 20 milliards de dollars et un déflateur du PIB de 50, quel est son PIB réel? a) $100 milliards de dollars b) $40 milliards de dollars c) $10 milliards de dollars d) $4 milliards de dollars