Using the information on the table, calculate the Real GDP in 2013 (round to the nearest decimal) at constant 2010 prices. (Hint: remember, the first step is to calculate the CPI column starting at one in 2010. Also, do not fill-in columns not needed): CPI Real GDP Year 2010 2011 2012 2013 O200 202.4 209.8 227 GDP 200 210 218 227 Inflation 0.04 0.03 0.03 0.02 Average growth = Real GDP Growth

Using the information on the table, calculate the Real GDP in 2013 (round to the nearest decimal) at constant 2010 prices. (Hint: remember, the first step is to calculate the CPI column starting at one in 2010. Also, do not fill-in columns not needed): CPI Real GDP Year 2010 2011 2012 2013 O200 202.4 209.8 227 GDP 200 210 218 227 Inflation 0.04 0.03 0.03 0.02 Average growth = Real GDP Growth

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 9WNG

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The average price of tuition and fees at private 4-year colleges and universities increased from $8,300 in 1991 to $23,000 in 2006. Calculate the relative change in price from 1991 to 2006 and compare it to the overall rate of inflation as measured by the Consumer Price Index. Average tuition and fees in private 4-year colleges and universities increased by ■%. (Round to the nearest integer as needed.) Average Annual Consumer Price Index (CPI) (1982- 1984=100) Year CPI Year CPI Year CPI 1976 56.9 1989 124.0 2001 177.1 1977 60.6 1990 130.7 2002 179.9 1978 65.2 1991 136.2 2003 184.0 1979 72.6 1992 140.3 2004 188.9 1980 82.4 1993 144.5 2005 1981 90.9 1994 148.2 2006 1982 96.5 1995 152.4 2007 1983 99.6 1996 156.9 1984 103.9 1997 160.5 2009 1985 107.6 1998 163.0 2010 109.6 1999 166.6 2011 1986 1987 113.6 2000 172.2 2012 1988 118.3 195.3 201.6 207.3 2008 215.3 214.5 218.1 224.9 229.6
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The question is in the attached image. Answer all three