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  • Of For: GDP Year Year

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    刘鉴锋
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    1. The document discusses concepts related to GDP, CPI, and comparing economic growth between the US and China from 1960 to 2014. 2. Key points made include that used goods are not counted in the current year's GDP, nominal spending does not change with a constant CPI, and real spending increases with rising prices. 3. Calculations are shown to measure GDP growth in the US and China over time, finding that China has been catching up to the US and is projected to surpass US GDP per capita by 2029.

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    1. The document discusses concepts related to GDP, CPI, and comparing economic growth between the US and China from 1960 to 2014. 2. Key points made include that used goods are not counted in the current year's GDP, nominal spending does not change with a constant CPI, and real spending increases with rising prices. 3. Calculations are shown to measure GDP growth in the US and China over time, finding that China has been catching up to the US and is projected to surpass US GDP per capita by 2029.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    1 views3 pages

    Of For: GDP Year Year

    Uploaded by

    刘鉴锋
    1. The document discusses concepts related to GDP, CPI, and comparing economic growth between the US and China from 1960 to 2014. 2. Key points made include that used goods are not counted in the current year's GDP, nominal spending does not change with a constant CPI, and real spending increases with rising prices. 3. Calculations are shown to measure GDP growth in the US and China over time, finding that China has been catching up to the US and is projected to surpass US GDP per capita by 2029.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 3

    1 a NoThetrade ofusedgoods is not accounted for GDP

    in the currentyear It hasbeencounted in theyear it


    was produced
    b NO Same reason as in a

    c 100 million

    d 10000 although
    theyareforeignersthe work is finished in China
    e 10000 same as in all
    f Does not counted asGDP because it hasalreadybeencounted in

    theyear it was but

    2 a CPI
    base⼆ I
    2
    C哣 毙 ⼆2

    b nominalspending 从10 1 ㄨ 10 0

    so the nominal spending doesn'tchange


    a Year Ic BaseYear H lo ⼼

    Year 2 2510 20

    so the realspendincreases by 10
    d Base year Yea I 1
    Year2 当 ⼆ 05
    so the deflector decreases
    by 051
    3 a We calculate 管ua
    㤠 to measure
    1960i 1867 ㄨ 15082.71 3460.21
    667.07 仅1.19
    22722 ㄨ 26113仅
    198 273973
    ⼈ 么 68
    981.24

    3198以46405.25 28 90
    2014
    136427x3862.92

    We can see that China is Catching up USA

    b Us HijoX1548271x1887 26113.12ㄨ 227.22

    3.83⼈
    China Hxfx 66707x121.19 22068x987.24

    X2 5.05

    c GDP忌 227.22 ㄨ 26113.12X 11⼗


    ⼈ 24 213 ㄨ⼼ 464.05 以 318.86

    GDP in ⼆ 2268x98724x TH加件 1.16仳


    386292X136427

    n
    d 2611312x22722 ㄨ 43.83 98724x20.68 ㄨ 什5 05 ⼏
    n 283
    We will expect that in 2263 China can catchup

    e.US 26113.12 X 22722ㄨ HX3734 46和 25 ㄨ 378.86

    23 2.72个
    Chinai 22068x 981.24 ㄨ HX4 34 386292x 136427
    M 984⼈
    i 386292X136427 x 14凶 CHAP
    46405 25 ㄨ 318.86X
    n ⼆⽇

    So we expect in2029 China can catch up

    f GDPpercapita Population
    USA China USA China
    1960 198 304 5
    1980 2014 1.71 in My 0.97

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