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  3. Assume that GDP grew from ＄120 billion in 1994 to ＄160 billion in 1995 and the G

Assume that GDP grew from ＄120 billion in 1994 to ＄160 billion in 1995 and the G

游客2025-06-21  16
问题 Assume that GDP grew from ＄120 billion in 1994 to ＄160 billion in 1995 and the GDP deflator from 100 in 1994 to 130 in 1995.
(a)Calculate the rate of growth of nominal GDP for 1995.
(b)Calculate the rate of growth of real CDP for 1995.
(c)What is the inflation rate for 1995?
选项
答案 (a)The growth rate of nominal GDP1995
=(nominal GDP1995-nominal GDP1994)/nominal GDP1994×100%
=(＄160b-＄120b)/＄120b×100%
=33.3%
(b)Real GDP1994=＄120 b/100×100=＄120 b
Real GDP1995=＄160b/130×100=＄123.1 b
The growth rate of real GDP1995
=(real GDP1995-real GDP1994)/real GDP1994×100%
=(＄123.1b-＄120b)/＄120b×100%
=19.3%
(c)Inflation rate for 1995 = (P1995- P1994)/P1994×100%
=(130-100)/100×100%=30%
解析
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