What would be the Nominal GDP if the price index is 100 and the amount of Real GDP is 250 ?

Q: such as the consumer prices ind

A: If inflation is high, the CPl is the better measure of the overall price level; if inflation is low…

Q: If only cars and bikes are sold in a country and the consumer price index(CPI) has exceeded the GDP…

A: Consumer price Index (CPI): The Consumer price Index is a measure that quantifies the average change…

Q: The GDP deflator of the country is 1.5 and it's nominal GDP is 800 million. Calculate the real gdp.

A: Given GDP deflator = 1.5 Nominal GDP = 800 million Real GDP = ?

Q: Read Eye on Potential GDP in the eText or click on the icon following exercise to open a copy. Then…

A: The amount of people available in the market for jobs is known as labour supply. These people demand…

Q: The following table gives nominal GDP and the price index for two years. Find real GDP in each year,…

A: Here, the given table provides information about nominal GDP and price index  for 2010 and 2011.

Q: What is gdp and how do I calculate it?

A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and…

Q: In 2003, the economy of Boonton’s nominal GDP was $1300 and its GDP deflator was 200. Calculate…

A: Nominal GDP includes both the growth and prices. Real GDP shows only the growth in the economy. Real…

Q: Nominal GDP does not include inflation?

A: GDP measures the market value of all goods and services produced in the economy.

Q: if the GDP deflator is 125 and the nominal GDP is 130 billion then what is the real GDP

A: Nominal GDP(NGDP) is the GDP at current prices(P). It does not account for changes in the price(P)…

Q: How are nominal and real GDP calculated?

A: Nominal GDP refer to the market value of all final goods and services produced in an economy during…

Q: The following table gives nominal GDP and the price index for two years. Find real GDP in each year,…

A: Real GDP (RGDP) = (Nominal GDP / Price index) x 100

Q: Read Eye on Potential GDP in the eText or click on the icon following exercise to open a copy. Then…

A: The job market is crucial in the intricate interaction of policy goals. It's an environment in which…

Q: If the nominal income is 180 and the price index is 120 calculate the real income!!

A: Here given information is, Nominal income: 180 Price index: 120 To find: real income

Q: If the GDP deflator is equal to 100, then for that year nominal GDP is equal to real GDP. True or…

A: Nominal GDP is the value of GDP calculated in current price.  Real GDP is the value of GDP…

Q: The real GDP is $2300 million and the value of Nominal GDP is $2700 million Calculate GDP deflator

A: The given information is as follows:- Nominal GDP = $2700 million Real GDP = $2300 million We need…

Q: How will the current GDP effect our economy

A: Answer - Need to find- Effect of current GDP on the economy    Effect of current GDP on the economy…

Q: If the nominal gross domestic product (GDP) for a year is $5.4 trillion, and the real gross domestic…

A: The GDP deflator, also called implicit price deflator, is a measure of inflation. It is the ratio…

Q: The table below presents a brief summary of City A’s total spending, local GDP, and population…

A: Gross Domestic Product (GDP) measures the value of final goods and services produced within the…

Q: What is nominal GDP and how does it influence prices?

A: Please find the answer below.