Scribd Logo
Upload

Welcome to Scribd!

  • 1 Year Quantity (Output) Price GDP

    Uploaded by

    Siddharth Birje
    11 views1 page
    The document shows GDP calculations for two years, 2009 and 2010. In 2009, output was 300,000 units at a price of $18,750 per unit, resulting in GDP of $5.625 billion. In 2010, output remained the same but the price rose to $20,062.50 per unit, resulting in 7% nominal GDP growth but no real GDP growth. Adjusting the 2010 output to 309,000 units results in 10.21% nominal GDP growth and 3% real GDP growth, with a GDP deflator of 107.

    Original Description:

    Original Title

    Economics

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document shows GDP calculations for two years, 2009 and 2010. In 2009, output was 300,000 units at a price of $18,750 per unit, resulting in GDP of $5.625 billion. In 2010, output remained the same but the price rose to $20,062.50 per unit, resulting in 7% nominal GDP growth but no real GDP growth. Adjusting the 2010 output to 309,000 units results in 10.21% nominal GDP growth and 3% real GDP growth, with a GDP deflator of 107.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    1 Year Quantity (Output) Price GDP

    Uploaded by

    Siddharth Birje
    The document shows GDP calculations for two years, 2009 and 2010. In 2009, output was 300,000 units at a price of $18,750 per unit, resulting in GDP of $5.625 billion. In 2010, output remained the same but the price rose to $20,062.50 per unit, resulting in 7% nominal GDP growth but no real GDP growth. Adjusting the 2010 output to 309,000 units results in 10.21% nominal GDP growth and 3% real GDP growth, with a GDP deflator of 107.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1 Year Quantity(Output) Price GDP

    2009 300000 18750 5625000000


    2010 300000 20062.5 6018750000

    Nominal Growth 7.00%


    Real Growth 0

    Year Quantity(Output) Price GDP


    2009 300000 18750 5625000000
    2010 309000 20062.5 6199312500

    Nominal Growth 10.21%


    Real Growth 3.00%

    Real GDP (Output in the current year* Price in the base year)

    Nominal GDP (Outout in the current year*Price in the current year)

    GDP Deflator (Nominal FDP/Real GDP)*100

    GDP Deflator 107

    You might also like