If nominal GNP through expenditure approach is $10000 and real GNP is $10000. Find the GNP deflator.

Q: Real GDP is be do The GDP in reality Nominal GDP corrected for inflation The same as Gross National…

A: GDP measures the value of goods and services that are produced in an economy during a specific…

Q: To which of the problems in the construction of the CPI is the creation (innovation) of the mobile…

A: A measure for examining the weighted average of the prices of the basket of consumer services and…

Q: True/False # Nominal GDP can never be less than Real GDP Please be quick

A: # Lets First consider the concepts of nominal GDP and real GDP. Nominal GDP refers to the values of…

Q: An analyst needs to adjust the nominal GDP for the years 2000 and 2010 into real terms to conclude…

A: Given: Nominal GDP in 2000= $672 billion Nominal GDP in 2010=$1,690 billion real interest rate in…

Q: difference between nominal intrest rate and real intrest rate

A: An interest rate lets you know how high the cost of borrowing is, or high the rewards are for…

Q: The nominal income of the population increased by 20% over the year, and the consumer price index…

A: Real Income is the Income of an individual after accounting for the inflation how much money will be…

Q: **You If the average level of nominal income in a country is $65,730 and the Consumer Price Index is…

A: Real income is income adjusted for inflation.

Q: Discuss  the following  : Nominal national income and real national income in Oman.

A: National income: National income can be defined as the generation of output in a year, if there are…

Q: Inflation measures based on GDP deflators take into account a smaller set of goods, compared to the…

A: Better education, healthcare and gain of experience for entrepreneurs can improve quality of…

Q: norminal GDP                      real GDP 2000      13000                                   12900…

A: Formula:  GDP Deflator = (Nominal GDP / Real GDP) *100. Inflation rate = {(Present year GDP…

Q: If Gdp deflator is less than 100   it means that  :  1- stagflation  2- deflation  3- inflation…

A: The GDP deflator is an economy measure that is used to compute the inflation rate in the economy in…

Q: The value of the nominal GNP of economy was $ 6000 in a particular year. The value of the GNP of…

A: The GNP order the gross national product is the value of final goods and services that are produced…

Q: Nominal GNP is the same as, a. GNP at constant prices b. Real GNP c. GNP at current prices d. GNP…

A: According to the given question In simple words we can say that a Nominal Gross National product…

Q: What is the difference between deflation and disinflation? Please provide an example for both

A: Deflation refers to a situation when there is a fall in prices of good and services. It may lead to…

Q: Calculate GDP deflator if real GNP is $47,000 and the nominal GNP is $60,000

A: The data presented in the question above is:- Real GNP = $47,000 Nominal GNP = $60,000 The value of…

Q: Define gross national income (GNI)?

A: There are many factors to measure the economic growth and development of a country. Gross national…

Q: Explain gross national income (GNI)?

A: Gross National Income (GNI) is a widely used macroeconomic indicator. This data is often considered…

Q: use an AE TO LAS/SAS/AD graph to represent a positive change (include the summary (rgdp,cpi,I,)

A: The economics as a study is based upon the basic idea of scarcity of resources which are present…

Q: The GNP deflator is 188 and Real GNP is $12,500 Calculate Nominal GNP

A: The information being given is:- GNP deflator = 188 Real GNP = $12,500 Nominal GNP = ?

Q: If your nominal income in 2016 was $50,000, and prices doubled between 2016 and 2017, to have the…

A: Nominal income refers the income which is not adjusted to inflation. Real income is income which is…

Q: Why is real GNP/GNI per capita considered a better measure of Irish living standards in recent…

A: The degree of wealth, comfort, material things, and requirements accessible to a certain social…

Q: 2010 2015 Good Quantity Price Quantity Price Hot dogs 200 $2 250 $4 Hamburgers 200 $3 500 $4 A.…

A:

Q: How can we find if PPP hold (using CPI)between two countries with a simple regression model Y=aX+B

A: Consumer price index (CPI) and purchasing power parity (PPP) transformation factors share applied…

Q: Write 4 difference between GDPMP and NNPFC

A: The 4 main differences between GDPMP and NNPFC are as follows:-

Q: Can there be a condition where the value of real gross domestic product becomes equal to the nominal…

A: # Nominal GDP is calculated taking into consideration the current year prices on the other hand in…

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 Gdp deflator is equal at 120   it means that  :  1- stagflation  2- deflation  3- inflation…

A: The GDP price deflator measure the changes in prices by comparing nominal GDP to real GDP.

Q: f National income is given to be as $22,000 and net factor income from abroad is $19,000 Calculate…

A: here we calculate the NDPfc by using the given information so the calculation of the following by…

Q: When GDP is measured in "current prices" it is known as the O A) real GDP. B) nominal GDP. C)…

A: Gross domestic product is the market value of all the services and finished goods being produced…

Q: If the nominal GDP is stated as 190 and the Real GNP is 10 find the GNP deflator

A: Basically in easy language we can say that the GNP deflator is considered to be as that price index…

Q: What is Business Cycle?  Definition of leading, coincident, lagging indicator?

A: An economic cycle that reflects the rise and fàll of national GDP over the long term. The business…

Q: Calculate GNP at MP if:- GDP at MP = $5500 Net factor income from abroad = $2200

A: The data presented in the question above:- GDP at MP = $5500   Net factor income from abroad = $2200…

Q: Which of the following is NOT a component of Gross Domestic product? Investment. Consumption. Tax…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Calculate NNP at FC and personal income in the question below. GDP at FC 400 Income from domestic…

A: Use Below formula:NNP at FC = GDPFC-Depreciation +NFIANFIA = Net factor income from abroad

Q: Answer the question completely and correctly.  1. Critics charge that GNP is grossly inadequate in…

A: In economics, critics are the negative statements about a specific theory, concepts or findings by…

Q: How GNI is calculated?

A: Define GNI  Answer: Gross National Income includes all those income which is earned by the people…

Q: The nominal GDP for an economy is $12 trillion. Real GDP is $10 trillion. What is the value of the…

A: Implicit price deflator is average price of all the finished goods and services within the country…

Q: Distinguish Nominal GDP and Real GNP with example?

A: Economists use real GDP rather than nominal GDP to measure economic health because real GDP is…

Q: WHich of the following is a NOMINAL variable?   a.Price level b.Unemployment c.Investment…

A: The nominal value of the variable in economics is the value that is static and that is calculated to…

Q: plain the meaning of real vs nominal of a particular macroeconomic variable.

A: Introduction Macroeconomics is the study of the behaviour of the aggregates of the economy as a…

Q: Between 1929 and 1933, NNP measured in current prices fell from $96 billion to $48 billion. Over…

A: Answer: Given, Year NNP Price index 1929 $96 billion 100 1933 $48 billion 75 (a). %…

Q: What is the difference between nominal and real variables? Give two examples of each.

A: In economics, a nominal variable is one which is measured at current prices i.e. the prices of the…

Q: If the price prevailing during the base year is 1000 and the quantity of final goods and services is…

A: As per the given question, Price during the base year are = 1000 Quantity of the goods = 500 We need…

Q: In what ways are national income statistics useful?

A: The national income accounting refers to a bookkeeping system used by the government of a country to…