Question

IF real GDP was 2.3 in 2017, what is 2018-2020 using real US data

IF real GDP was 2.3 in 2017, what is 2018-2020 using real US data

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #2

Real GDP growth rate of US in the year 2018 was 2.9 as compared to 2.3 % in the year 2017.

Similarly in the year 2019 it was 2.4  percent. In the first quarter of 2020 GDP real has a negative growth rate of 4.8 as per the advance estimate of bureau of economic analysis. IMF forecast the real GDP growth of minus 5.9% in the US.

Real Gross Domestic Product, Billions of Chained 2012 Dollars, Quarterly, Seasonally Adjusted Annual Rate
2017 72432.326 GROWTH RATE 208-2017/2017
2018 74552.657 0.029
2019 76352.819 0.024
answered by: anonymous
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The IMF forecasted Canada’s real GDP at $1,830 billion in 2017 and $1,866 billion in 2018,...
The IMF forecasted Canada’s real GDP at $1,830 billion in 2017 and $1,866 billion in 2018, and Canada’s population at 36.7 million in 2017 and 37.1 million in 2018. Calculate: a. The growth rate of real GDP. b. The growth rate of real GDP per person. c. The approximate number of years it takes for real GDP per person in Canada to double if the 2018 growth rate of real GDP and the population growth rate are maintained.
2) Using the data below, calculate for each year: the GDP deflator, the inflation rate, and...
2) Using the data below, calculate for each year: the GDP deflator, the inflation rate, and real economic growth: Nominal GDP: 2016= 4,540,332 2017= 5,987,201 2018= 7,231,600 Real GDP: 2016= 3,723,072 2017= 4,670,017 2018= 6,436,124
1. In 1999, real GDP per capita in the US was $43,820 (2012 dollars). In 2018,...
1. In 1999, real GDP per capita in the US was $43,820 (2012 dollars). In 2018, real GDP per capita was $56,803. (a) What was the annual growth rate of real GDP per capita from 1999 to 2018. (b) Suppose when you graduate, you get a good job and your income is equal to GDP per capita. Also suppose your income grows at exactly the same rate as the growth rate in GDP per capita each year that you work....
. Sri Lanka reported nominal GDP of $85 billion in 2017 and $89 billion in 2018....
. Sri Lanka reported nominal GDP of $85 billion in 2017 and $89 billion in 2018. It also reported a GDP deflator of 125 in 2018 and 130 in 2017. Between 2017 and 2018, a. real output and the price level both rose. b. real output rose and the price level fell. c. real output fell and the price level rose. d. real output and the price level both fell.
Given (GDP Analysis): Industry 2017 2018 Q.pistachios 1,000 1,100 Q.video games 500 500 P.pistachios $1.00 $1.50...
Given (GDP Analysis): Industry 2017 2018 Q.pistachios 1,000 1,100 Q.video games 500 500 P.pistachios $1.00 $1.50 P.video games $15.00 $14.75 What is nominal GDP in 2018?    10) ______ A) $8,500             B) $9,025. C) $8,600              D) none of the above. 11) Given (GDP Analysis): What is real GDP in 2018 using the Laspeyres Index?       11) ______ A) $9,025.            B) $8,500 C) $8,600              D) none of the above. 12) Given (GDP Analysis): What is real GDP in 2018 using the Paasche Index?          ...
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...
Suppose you have the following information: 2017 is the Base Year Nominal GDP in 2017 =...
Suppose you have the following information: 2017 is the Base Year Nominal GDP in 2017 = $17 Trillion Nominal GDP in 2018 = $18.5 Trillion The GDP Deflator in 2018 is 1.045 What is the 2018: a) nominal GDP growth rate; b) real GDP growth rate; and c) inflation rate?
Suppose real GDP in the U.S. was $19,000 billion in 2019 and $18,900 billion in 2020....
Suppose real GDP in the U.S. was $19,000 billion in 2019 and $18,900 billion in 2020. Assume that population in the U.S. was 0.32 billion in 2019 and 0.35 billion in 2020. a. What was the growth rate of real GDP from 2019-2020? b. Calculate GDP per capita in both 2019 and 2020. c. What was the growth rate of real GDP per capita from 2019-2020?
(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population...
(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population of Saudi Arabia from 2016 to 2019. Using these two figures to obtain GDP per capita for 2016 to 2019 at Current US Dollars and at Constant 2011 US Dollars. Also, find the unemployment rate and inflation rate of Saudi Arabia from year 2016 to 2019. Note that it is compulsory to put your source of data at the bottom of the table, otherwise...
During 2017, the growth rate in output (real GDP) was 3.2%, and the growth rate in...
During 2017, the growth rate in output (real GDP) was 3.2%, and the growth rate in the money supply (M1) was 5.9%. If velocity was constant, what should the inflation rate have been? Suppose that we discover that the inflation rate during 2017was 2.9%. What does that tell us about velocity in 2017? Be specific.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT