Select Page

Step 1. Place your order

Fill in the order form and provide all details of your assignment.

Step 2. Make Payment

Choose the payment system that suits you most.

Step 3. Receive your paper

Once your paper is ready, we will email it to you.

Find real gdp in years 2009, 2010, and 2012.

by | Sep 22, 2022 | Economics

 

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Suppose an economy produces only one good. In the base year, production was 8 units at a price of $10 each. The next year, production increased to 9 units and the price of the good increased to $12.
Find nominal GDP in years 1 and 2.
If the price index is 100 in the base year, what is the value of the price index in year 2?
Find real GDP in year 2.
Suppose a hypothetical national economy can be represented by the following data:
Year
Nominal GDP
Price Index (2000 = 100)
Real GDP
2009
$1536
128
2010
$1663
132
2011
135
$1274
2012
$1792
140
Find real GDP in years 2009, 2010, and 2012.
Find nominal GDP in year 2011.
Discuss what may cause the change in GDP from year to year use your textbook chapter 7. Discuss in detail and use examples to support your argument.
Part C–200 word required reply and a reply to at least one classmate for full credit
Discussion Responses due end of day Wednesday. However, don’t procrastinate, since you may have to complete and submit assignments and discussion each week.
Please use proper Netiquette (Internet etiquette) when commenting on another student’s posting. When posting on the discussion boards and chat rooms it is important to understand how to interact with one another online, netiquette. You can read more about the rules of netiquette at http://www.albion.com/netiquette/index.html Links to an external site. Due Tuesday end of day. However, don’t procrastinate, since you may have to complete and submit assignments and discussion each week. if you need an extension contact the instructor (email) explain the reason, extension is at instructor’s discretion. Otherwise late submission will not be accepted.

 

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Treat Yourself to Much Needed Assistance