Please kindly just tell me what formula to use for B and C of this questions 1The data in the table below are for the country of Eturia.201520162017Nominal GDP ($billions)Real GDP ($billions)Population (millions)a. GDP deflator330366410310335357161717.5106.5109.3114.82913063111b. Real GDP per capitac. Growth rate of real GDP per capitaa. Calculate the GDP deflator for years 2015, 2016, and 2017 and enter the values in the table above. Enter your responses rounded toone decimal place.b. Calculate real GDP per capita for the three years and enter the values in the table above. Enter your responses rounded to thenearest dollar.c. Calculate the growth rate of real GDP per capita for years 2016 and 2017 and enter the values in the table above. Enter yourresponses rounded to one decimal place.

It measures the total value of all the finished goods & services produced by a nation in an…

The data in the table below are for the country of Eturia. 2015 2016 2017 Nominal GDP ($billions) Real GDP (Sbillions) Population (millions) 330 366 410 310 335 357 16 17 17.5 a. GDP deflator 106.5 109.3 114.8 291 306 3111 b. Real GDP per capita c. Growth rate of real GDP per capita

The data in the table below are for the country of Eturia. 2015 2016 2017 Nominal GDP ($billions) Real GDP (Sbillions) Population (millions) 330 366 410 310 335 357 16 17 17.5 a. GDP deflator 106.5 109.3 114.8 291 306 3111 b. Real GDP per capita c. Growth rate of real GDP per capita

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please kindly just tell me what formula to use for B and C of this questions

1
The data in the table below are for the country of Eturia.
2015
2016
2017
Nominal GDP ($billions)
Real GDP ($billions)
Population (millions)
a. GDP deflator
330
366
410
310
335
357
16
17
17.5
106.5
109.3
114.8
291
306
3111
b. Real GDP per capita
c. Growth rate of real GDP per capita
a. Calculate the GDP deflator for years 2015, 2016, and 2017 and enter the values in the table above. Enter your responses rounded to
one decimal place.
b. Calculate real GDP per capita for the three years and enter the values in the table above. Enter your responses rounded to the
nearest dollar.
c. Calculate the growth rate of real GDP per capita for years 2016 and 2017 and enter the values in the table above. Enter your
responses rounded to one decimal place.

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