EBK MACROECONOMICS (FOURTH EDITION)
4th Edition
ISBN: 9780393616125
Author: Jones
Publisher: YUZU
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Question
Chapter 7, Problem 7E
(a)
To determine
Calculate the present discounted value at the different interest rate.
(b)
To determine
Calculate the present discounted value of $50,000 received 10 year from now.
(c)
To determine
Calculate the present discounted value of $100 every year and forever starting immediately.
(d)
To determine
Calculate the present discounted value of $100 every year and forever starting 1 year from now.
(e)
To determine
Calculate the present discounted value of $100 for the next 50 year starting immediately.
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Active Learning 4: Computing GDP
Cookies
2021
(base year)
2022
2023
P
Q
P
Q
P
Q
$1 900
$2 1,000
$3
1,250
200 $1,200
210
Smartphones $900 185 $1,000
Use the above data to solve these problems:
A. Compute nominal GDP in 2021.
B. Compute real GDP in 2022.
C. Compute the GDP deflator in 2023.
Mankiw, Principles of Macroeconomics, 10th Edition. 2024 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
34
=4
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Chapter 7 Solutions
EBK MACROECONOMICS (FOURTH EDITION)
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