Using the table below calculate the missing values. Take all calculations to 2 decimal places. $ not required. Year 2010 2011 2012 2013 2014 2015 Nominal GDP 2,450 2,660 2,870 3,155 Number 3,558.4 Real GDP Number 2,745 Number 3,025 3,140 3,353.4 GDP Deflator 0.94 Number 1.00 Number 1.06 Number Include a negative sign where appropriate in the following answers: Part 7: Nominal growth rate year (2010-11) Number Part 8: Nominal growth rate year (2012-13) Number Part 9: Inflation rate year (2010-11) Number Part 10: Real growth rate year (2011-12) Number Part 11: Inflation rate year (2014-15) Number Part 12: Real growth rate year (2013-14) Number

Using the table below calculate the missing values. Take all calculations to 2 decimal places. $ not required. Year 2010 2011 2012 2013 2014 2015 Nominal GDP 2,450 2,660 2,870 3,155 Number 3,558.4 Real GDP Number 2,745 Number 3,025 3,140 3,353.4 GDP Deflator 0.94 Number 1.00 Number 1.06 Number Include a negative sign where appropriate in the following answers: Part 7: Nominal growth rate year (2010-11) Number Part 8: Nominal growth rate year (2012-13) Number Part 9: Inflation rate year (2010-11) Number Part 10: Real growth rate year (2011-12) Number Part 11: Inflation rate year (2014-15) Number Part 12: Real growth rate year (2013-14) Number

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

Using the table below calculate the missing values. Take all calculations to 2 decimal places. $ not
required.
Year
2010
2011
2012
2013
2014
2015
Nominal
GDP
2,450
2,660
2,870
3,155
Number
3,558.4
Real
GDP
Number
2,745
Number
3,025
3,140
3,353.4
GDP
Deflator
0.94
Number
1.00
Number
Number
1.06
Number
Include a negative sign where appropriate in the following answers:
Part 7: Nominal growth rate year (2010-11) Number
Part 8: Nominal growth rate year (2012-13)
Part 9: Inflation rate year (2010-11) Number
Part 10: Real growth rate year (2011-12) Number
Part 11: Inflation rate year (2014-15) Number
Part 12: Real growth rate year (2013-14) Number

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