Consider the data below for federal budget receipts, federal
budget spending, and GDP in the U.S....
Consider the data below for federal budget receipts, federal
budget spending, and GDP in the U.S. Calculate the federal budget
surplus or deficit as a percentage of GDP for each year. (Enter
your responses rounded to two decimal places and include a minus
sign for a deficit).
Year
Federal Budget Receipts
(billions of dollars peryear)
Federal Government Spending
(billions of dollars per year)
Real GDP
(billions of dollars per year,
in constant 2005 dollars)
Federal Surplus or Deficit as a...
An article in the Transactions of the Institution of Chemical
Engineers (Vol. 34, 1956, pp. 280–293)...
An article in the Transactions of the Institution of Chemical
Engineers (Vol. 34, 1956, pp. 280–293) reported data from an
experiment investigating the effect of several process variables on
the vapor phase oxidation of naphthalene. A sample of the
percentage mole conversion of naphthalene to maleic anhydride
follows: 4.2, 4.7, 4.7, 5.0, 3.8, 3.6, 3.0, 5.1, 3.1, 3.8, 4.8,
4.0, 5.2, 4.3, 2.8, 2.0, 2.8, 3.3, 4.8, and 5.0.
(a) Calculate the sample mean. Complete using excel and please
include...
Consider the following data for the U.S. economy:
consumer price index (percentage change from year...
Consider the following data for the U.S. economy:
consumer price index (percentage change from year ago) =
1.2
real GDP (billion dollars) = 14,542
real potential GDP (billion dollars) = 15,372
long term real interest rate (percent) = 2.0
inflation target (percent) = 2.0
Using the data, find the nominal short term rate that
would be predicted by the Taylor Rule. Assume that the weights on
inflation and output stabilization are both equal to 0.5.
3.
You are going to get quarterly data for Nominal GDP, Real GDP and
the GDP...
3.
You are going to get quarterly data for Nominal GDP, Real GDP and
the GDP Price Index from the database compiled by the St. Louis
Federal reserve bank (FRED). For each of these data sets, you can
either find the numbers you need by moving the mouse on the graph
to the correct location, or download the file into a spreadsheet.
Whichever you find easier is fine.
Specifically:
Nominal GDP
https://fred.stlouisfed.org/series/GDP
Real GDP
https://fred.stlouisfed.org/series/GDPC1
GDP price index
https://fred.stlouisfed.org/series/GDPCTPI
a)...
This exercise deals with the difference between nominal and real
GDP, and also explores the characteristics...
This exercise deals with the difference between nominal and real
GDP, and also explores the characteristics of the components of GDP
over time.
Show all work and formulas
Instructions
Go to BEA.gov and in the U.S. Economic Accounts find Table
1.1.5 (nominal GDP) and Table 1.1.6 (real GDP) and download them
for the period 1960 to the latest available year in annual
frequency (yearly).
In Excel plot line 1 of both tables within a single graph.
Where do they cross?...
What are the NIPAs? Who collects the data? Where do you go to
get it? What...
What are the NIPAs? Who collects the data? Where do you go to
get it? What can you do with it? How good is it? Get some data and
put the current state of the economy into perspective with some
actual measures of activity. To start, find the most recent
information on the major economic components... GDP, C, I, G, and
NX (note that NX=X-M exports - imports) and see how they have been
changing over the last few periods....
The following GDP per capita values are all measured in PPP
adjusted international dollars, using constant...
The following GDP per capita values are all measured in PPP
adjusted international dollars, using constant prices. In 2010,
U.S. GDP per capita was $49,412 and in 2017 it was $54,347. Chinese
GDP per capita was $9,443 in 2010 and $15,175 in 2017.
a. Calculate the average growth rate of GDP per capita for both
countries between 2010 and 2017, assuming discrete growth!
b. Assume that both countries continue to grow at the same speed
as you calculated in the...
Explain and graphically illustrate the impact of COVID-19 on
investment spending and aggregate demand using at...
Explain and graphically illustrate the impact of COVID-19 on
investment spending and aggregate demand using at least one (1) of
the determinants of investment spending.
A high-quality response must include the steps leading up to
the change in the determinant. For example, if I were to make the
claim that business taxes increased, I would have to first explain
how I moved from COVID-19 to a rise in business taxes, and then
trace out the effects on investment spending and...
Instructions:
To get full credit, ALL graphs should include a title,
trendline, axes titles, legends when...
Instructions:
To get full credit, ALL graphs should include a title,
trendline, axes titles, legends when applicable, and make sure to
use visible colors.
Question 1: Development is
multidimensional.
As we argued in class, income per-capita is a good yardstick of
development if it is strongly correlated with important indicators
that directly measure wellbeing, such as education, health and
gender equality. In this problem, you will empirically explore the
strength of the relationships between income per capita and several
indicators...