Real-Time Data Analysis ExerciseThe following table contains data for nominal GDP, real GDP, andpotential real GDP from FRED* for the fourth quarter of 2020.U.S. GDP Data21,496-Value(in billions)$21.487.9Series20,597-Nominal GDP19,698-Real GDP$18,783,918,799-Potential real GDP$19414.2E 17.900-17,001-A variable identified as real is one that is measured in base-year dollars.16,102-Using the data above, calculate the following: (Enter your responses rounded15,203-to two decimal places.) A14,304The GDP deflator is13.405-12,506Q4: 1404: 1604: 1804 20Relative to potential real GDP, real GDP ispercent below potential realGDP.*Real-time data provided by Federal Reserve Economic Data (FRED), FederalReserve Bank of Saint Louis,GDP (billions of dollars)

Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…

Real- lime Data Analysis The following table contains data for nominal GDP. real GDP, and patential real GDP from FRED" for the fourth quarter of 2020. US. GDP Data 21.496 Value Series 20,597- (in billions) $21,487.9 Nominal GDP Real GDP Potential real GDP 19.690- 18,799 $18,783.9 $19414 2 S 17.900- 17.001 e 16. 102 A variable identified as real is one that is measured in base-year dollars. Using the data above, calculate the following: (Enter your responses rounded to two decimal places.) O A15.200 14.304 The GDP deflator is O 13,405 12.506 Relative to potential real GDP, real GDP is O percent below potential real GDP. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. GDP (bilions of dollars)

Real- lime Data Analysis The following table contains data for nominal GDP. real GDP, and patential real GDP from FRED" for the fourth quarter of 2020. US. GDP Data 21.496 Value Series 20,597- (in billions) $21,487.9 Nominal GDP Real GDP Potential real GDP 19.690- 18,799 $18,783.9 $19414 2 S 17.900- 17.001 e 16. 102 A variable identified as real is one that is measured in base-year dollars. Using the data above, calculate the following: (Enter your responses rounded to two decimal places.) O A15.200 14.304 The GDP deflator is O 13,405 12.506 Relative to potential real GDP, real GDP is O percent below potential real GDP. "Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. GDP (bilions of dollars)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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10. What has happened to potential GDP over time? What has happened to the potential GDP growth rate over time? How are the answers to these two questions different? Explain. Before Graph
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2. Consider country Dreamland produces only one final goods, sand witch involving with various production process. The stages of production of sandwitch the fiscal year 2020 have been considered the table below Stages of Production Wheat Flour Dough Bread Sandwitch Market Value 280 320 350 420 500 Suppose, 80 billion taka of flour and 120 billion taka of bread have been used as final consumption in fiscal year 2020. Using these restrictions, estimate the Gross Domestic Product (GDP) based on value addition method. Verify GDP by using expenditure method, and compare these two estimations.
Not use excel
9 Imagine a country where Real GDP per person was equal to $650 in 1870 and it grew at an annual rate of 6%. (a) What is the value of this country's real GDP after 12 years? (b) What is the value of this country's GDP after 24 years? For full credit you must clearly label your answers to part (a) and (b) of this question. You only have to give the value of real GDP for each part - no explanation is required. Your answer should look like the following (where "XXXX" is the value of real GDP after 12 years and "YYYY" is the value of real GDP after 24 years. (a) $XXXX (b) $YYYY
a. The following plot shows the 12-month percentage growth rates in real personal consumption expenditures (blue line) and in real government expenditures (red line). Do you see any evidence that the latter crowds out the former? Why or why not? 20 15 10 5 -10 -15 15 10 5 0 -5 -10 The following plot shows the 12-month percentage growth rates in real GDP (blue line) and in real government expenditures (red line). What, if any, relationship does there appear to be between these two time series? Briefly explain. Rate of Growth of C (blue) and G (red) 2003 3005 2007 2003 2013 2015 2017 2019 Rate of Growth of Y (blue) and G (red) 2011 2009 2007 2005 2013 2015 2021 2017 2023 2019 2021 2023
Need to explain these 3 graphs in own words. ( explain in short )