Question
Refer to the hypothetical data in the table to answer the three questions. Year Nominal interest...
Refer to the hypothetical data in the table to answer the three questions.
| Year | Nominal interest rate | Real interest rate | Inflation rate |
|---|---|---|---|
| 2017 | 5% | — | 9% |
| 2018 | 3% | 9% | — |
| 2019 | — | 1% |
1) What was the real interest rate in 2017?
2) What was the inflation rate in 2018?
3) What was the nominal interest rate in 2019?
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Use the Fisher Effect to find the answer the following questions. a. Nominal interest rate =...
Use the Fisher Effect to find the answer the following
questions.
a. Nominal interest rate = 9%, real interest rate = 5%, what is
inflation?
b. Nominal interest rate = 8%, inflation = 3%, what is the real
interest rate?
c. Real interest rate = 6%, inflation = 2%, what is the nominal
interest rate?
Q.2 Refer to the following table, and answer the questions that follow: Year Nominal GDP Real...
Q.2 Refer to the following table, and answer the questions that
follow:
Year
Nominal GDP
Real GDP
GDP deflator
2012
$210,000
??
100.0
2013
??
$215,000
110.0
2014
$260,000
$220,000
??
(a) Compute the nominal GDP in 2013.
(b) Compute the price level in 2014.
(c) Calculate the inflation rate between 2012 and 2013.
Refer to the following table, and answer the questions that follow: Year Nominal GDP Real GDP...
Refer to the following table, and answer the questions that
follow:
Year
Nominal GDP
Real GDP
GDP deflator
2012
$210,000
??
100.0
2013
??
$215,000
110.0
2014
$260,000
$220,000
??
(a) Compute the nominal GDP in 2013.
(b) Compute the price level in 2014.
(c) Calculate the inflation rate between 2012 and 2013.
Suppose a county’s national accounts are given by the following table. Year Nominal GDP Deflator Real...
Suppose a county’s national accounts
are given by the following table.
Year
Nominal GDP
Deflator
Real GDP
2017
________
104
$755,000
2018
$855,000
105
_______
2019
$950,000
______
$896,226
Complete the missing data in the following table (show formula
and calculations here)
2017 Nominal GDP =
2018 Real GDP =
2019 Deflator =
What is the rate of inflation between 2017 and 2019? (show
formula and calculations)
What is the growth rate of real GDP between 2018 and 2019 (show...
2. Suppose that a hypothetical “consumer market basket” consists only of goods B and C, in the...
2. Suppose that a hypothetical “consumer
market basket” consists only
of goods B and C, in the quantities: B = 10
and C = 5.
Use 2018 as a base year (i.e., 2018 = 100).
Year
2017 Year
2018 Year 2019
Quantity of Good
A 3 4 5
Price of Good
A $9 $10 $11
Quantity of Good
B 10 10 10
Price of Good
B $2 $4 $6
Quantity of Good
C 2 4 6
Price of Good
C $5 $6 $7
a. What is the total money value spent on the
consumer market basket in 2018 and 2019?
b. Calculate the CPI...
2. Suppose that a hypothetical “consumer market basket” consists only of goods B and C, in the...
2. Suppose that a hypothetical “consumer
market basket” consists only
of goods B and C, in the quantities: B = 10
and C = 5.
Use 2018 as a base year (i.e., 2018 = 100).
Year
2017 Year
2018 Year 2019
Quantity of Good
A 3 4 5
Price of Good
A $9 $10 $11
Quantity of Good
B 10 10 10
Price of Good
B $2 $4 $6
Quantity of Good
C 2 4 6
Price of Good
C $5 $6 $7
e. If an individual’s nominal income rises 50% from
2018 to 2019, what is the growth rate of their real...
On January 1, 2017 Diana invested $1,000 at 6% interest per year for three years. The...
On January 1, 2017 Diana invested $1,000 at 6% interest per year
for three years.
The CPI on January 1, 2017 was 100. On January 1, 2018 the CPI
was 104; on January 1, 2019 it was 109; and on January 1, 2020, the
day Diana’s investment matured, the CPI was 115.
Find the real rate of interest earned by Diana in each of the 3
years and her total real return over the three-year period. Assume
that interest earnings...
5. Real versus nominal GDP Consider a simple economy that produces two goods: pens and erasers....
5. Real versus nominal GDP
Consider a simple economy that produces two goods: pens and
erasers. The following table shows the prices and quantities of the
goods over a three-year period.
Year
Pens
Erasers
Price
Quantity
Price
Quantity
(Dollars per pen)
(Number of pens)
(Dollars per eraser)
(Number of erasers)
2018
1
150
2
160
2019
2
135
4
230
2020
3
110
4
165
Use the information from the preceding table to fill in the
following table.
Year
Nominal...
4) Consider the hypothetical data for 2018 and 2019 (Chapter 10) 2018 2019 Money Supply 5,000...
4) Consider the hypothetical data for 2018 and 2019 (Chapter 10)
2018 2019 Money Supply 5,000 6,000 Velocity 10 10 Real GDP 500 500
Find the price level for 2018 and 2019. What is the rate of
inflation for the 2019? What is the rate of inflation if the money
supply is 5,500 in 2019, instead of 6,000 What is the rate of
inflation if the money supply is 6,000 in 2019 and real GDP is 600
in 2019
The following table shows price and quantity data of Country BF which produces only two products:...
The following table shows price and quantity data of Country BF
which produces only two products: food and beverages.
Beverages products
Food products
Price $
Quantity (tons)
Price $
Quantity (tons)
2017
2
2
10
10
2018
3
3
11
20
2019
4
4
13
25
Calculate the following:
a. the nominal GDP for each year
(10 points)
b. the real GDP for each year using
2017 as the base year (10 points)
c. the GDP deflator for each
year (10 points) ...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 1 minute ago
asked 11 minutes ago
asked 13 minutes ago
asked 30 minutes ago
asked 54 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago
asked 2 hours ago