Question

Suppose that nominal GDP was $9000000.00 in 2005 in Orange County California. In 2015, nominal GDP...

Suppose that nominal GDP was $9000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange County California. The price level rose 3.00% between 2005 and 2015, and population growth was 4.50%. Calculate the following figures for Orange County California between 2005 and 2015.

Nominal GDP growth was __%

Economic growth was __%

Inflation was __%

Real GDP growth was __%

Per capita GDP growth was __%

Real per capita GDP growth was __%

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that nominal GDP was $9750000.00 in 2005 in Orange County California. In 2015, nominal GDP...
Suppose that nominal GDP was $9750000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11500000.00 in Orange County, California. The price level rose 2.00% between 2005 and 2015, and population growth was 3.25%. Calculate the following figures for Orange County California between 2005 and 2015. a. Nominal GDP growth was %. b. Economic growth was %. c. Inflation was %. d. Real GDP growth was %. e. Per capita GDP growth was %. f. Real per capita...
Suppose that nominal GDP was $9250000.00 in 2005 in Orange County California. In 2015, nominal GDP...
Suppose that nominal GDP was $9250000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11000000.00 in Orange County California. The price level rose 2.00% between 2005 and 2015, and population growth was 3.50%. Calculate the following figures for Orange County California between 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was %. Part 2   (1 point) b. Economic growth was %. Part 3   (1 point) c. Inflation was %. Part 4   (1 point) d. Real...
Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP...
Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $11750000.00 in Orange County California. The price level rose 3.00% between 2005 and 2015, and population growth was 4.00%. Calculate the following figures for Orange County California between 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was     %. Part 2   (1 point) Feedback See Hint b. Economic growth was    %. Part 3   (1 point) Feedback See Hint c. Inflation was    %. Part...
Suppose that nominal GDP was $9500000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP...
Suppose that nominal GDP was $9500000.00 in 2005 in Montgomery County Maryland. In 2015, nominal GDP was $11250000.00 in Montgomery County Maryland. The price level rose 1.50% between 2005 and 2015, and population growth was 4.25%. Calculate the following figures for Montgomery County Maryland between 2005 and 2015. Give all answers to two decimals. a. Nominal GDP growth was     %. b. Economic growth was    %. c. Inflation was    %. d. Real GDP growth was    %. e. Per capita GDP growth was    %. f. Real...
Suppose that nominal GDP was $12 trillion in 2040 in Mordor. In 2050, nominal GDP was...
Suppose that nominal GDP was $12 trillion in 2040 in Mordor. In 2050, nominal GDP was $15 trillion in Mordor. The price level fell 5% between 2040 and 2050, and population growth was 1%. Between 2040 and 2050 in Mordor, nominal GDP growth was % and economic growth was %. Give your answers to one decimal place. Part 2 (1.3 points) Suppose that nominal GDP was $20 trillion in 2040 in Mordor. In 2050, nominal GDP was $18 trillion in...
Part 1 Suppose that nominal GDP was $11 trillion in 2040 in Mordor. In 2050, nominal...
Part 1 Suppose that nominal GDP was $11 trillion in 2040 in Mordor. In 2050, nominal GDP was $15 trillion in Mordor. The price level fell 3% between 2040 and 2050, and population growth was 2%. Between 2040 and 2050 in Mordor, nominal GDP growth was % and economic growth was %. (Give your answers to one decimal place.) Part 2 Suppose that nominal GDP was $20 trillion in 2040 in Mordor. In 2050, nominal GDP was $18 trillion in...
The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions...
The accompanying table shows data on nominal GDP (in billions of dollars), real GDP (in billions of 2005 dollars), and population (in thousands) of the United States in 1960, 1970, 1980, 1990, 2000, and 2010. The U.S. price level rose consistently over the period 1960–2010. Year Nominal GDP (billions of dollars) Real GDP (billions of 2005 dollars) Population (thousands) 1960 $526.4 $2,828.5 180,760 1970 1,038.5 4,266.3 205,089 1980 2,788.1 5,834.0 227,726 1990 5,800.5 8,027.1 250,181 2000 9,951.5 11,216.4 282,418 2010...
Using 2015 as the base year, calculate nominal GDP, real GDP, and the GDP price deflator...
Using 2015 as the base year, calculate nominal GDP, real GDP, and the GDP price deflator for each year. Year Quantity of Strawberries Price of Strawberries Quantity of Cream (pints) Price of Cream (per pint) Nominal GDP Real GDP GDP Deflator 2015 100 3.00 200 2.00 2016 125 4.00 400 2.50 2017 150 5.00 500 3.00
In 2015, real GDP was SAR 12,247 billion. In 2018, it was SAR13,206 billion. During the...
In 2015, real GDP was SAR 12,247 billion. In 2018, it was SAR13,206 billion. During the same period, the Saudi population rose from 22.9 million to 25.4 million. a. Calculate real GDP per capita in 2015 and 2018. By what percentage did output per person grow over this period? b. Suppose that real GDP grown by 3% each year from 2015 to 21018, what would real GDP have been in 2018?
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use...
Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use the table above for the following questions What is Blissful Acre’s rate of growth of real GDP? What is Happy Haven's rate of growth of real GDP? If Blissful Acre’s population growth between 2014 and 2015 is 2%, what is the rate of growth of real GDP per capita If Happy Haven’s growth rate of real GDP per capita is 2.5%, what is the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT