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- 9 x O Chrome - Take a Test - Christina Daugherty A Secure https://www.mathxl.com/Student/Player Test.aspx?testid=177180584¢erwin;=yes ECO 202 (1) Christina Daugherty & Quiz: Chapter 8 Homework Submit Quiz This Question: 1 pt This Quiz: 40 pts possible EQuestion Help 0 The following table lists hypothetical values. Year GDP Deflator Real GDP Percentage GDP Deflator Real GDP Percentage Nominal (base year (base year change in real (base year (base year = change in GDP 2016) - 2016) GDP 2018) 2018) real GDP 2014 $990.00 90 818 2015 1,030.00 83.6 2016 1,060.00 100 90.9 2017 1,210.00 105 95.5 2018 1,410.00 110 100 P8 ODIO 92 A GOOD Fill in Column (4) by calculating real GDP using the GDP deflator with a base year of 2016 from Column (3). Fill in Column (7) by calculating real GDP using the GDP deflator with a base year of 2018 from Column (6) (Enter your responses rounded to the nearest whole number.) Fill in Column (5) by calculating the annual percentage change in real GDP for each year using the values from Column (4). Fill in Column (8) by calculating the annual percentage change in real GDP for each year using the values from Column (6). (Enter your responses rounded to two decimal places and include a minus sign if necessary.) | 4 || Vi Vi 1, (10) More Enter your answer in each of the answer boxes. 9:06 *2Explanation / Answer
GDP deflator=(Nominal GDP/Real GDP)*100
%Change=(Current year GDP-previous year GDP/Previous year GDP)*100
Year Nominal GDP(2016) GDP deflator(2016) Real GDP %Change in real GDP GDP deflator(2018) Real GDP %Change in real GDP 2014 990 90 1110 81.8 1723.71 - 15 1030 92 1119.56 .86 83.6 1686.6 -2.1 16 1060 100 1060 -5.31 96.9 1455.1 -13.7 17 1210 105 1152.38 8.71 95.5 1476.43 1.46 18 1410 110 1281.81 11.23 100 1410 -4.43Related Questions
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