Business

How do you calculate the growth rate of real GDP between two years?

How do you calculate the growth rate of real GDP between two years?

Like if you wanted to calculate the growth rate of real GDP between 2003 and 2004, what would the formula be?

Lem_23   366   2 Replies

LemyLekySama

Why high GDP can lead to an increase of government revenue?

Why high GDP can lead to an increase of government revenue?

If the GDP growth rate is high, how come this means that the government is getting a high revenue?

Thank you.

datguyth0   274   3 Replies

NurseT2012

Why are liberals engaging in truth by definition with the GDP statistics?

Why are liberals engaging in truth by definition with the GDP statistics?

GDP = private consumption + gross investment + government spending + (exports ? imports)

Notice that government spending is defined as good for the economy, so the GDP "growth" driven by the drastic increase in government in recent months is used to

nursetonya8   294   1 Reply

datexy

Why is GDP useful in measuring aggregate demand in macroeconomics?

Why is GDP useful in measuring aggregate demand in macroeconomics?

GDP is the overall value of final products in a given country, in a given time, usually a year

Aggregate demand is the quantity of goods and services that people are willing to buy at a given level of prices.

_Mil96   324   2 Replies

findingnemo41

What European countries GDP has gone up since the introduction to the Euro?

What European countries GDP has gone up since the introduction to the Euro?

Im writing any essay and i need to find out what countries GDP has gone up alot since the introduction to the euro in 2001. Is it Sweden and Germany? Please help ive looked every where.

Please give sources/ websites.

Thank you in advance

_itsLC   293   3 Replies

ikk260

What is the relationship between global trade flows and global gdp?

What is the relationship between global trade flows and global gdp?

I read recently that some are predicting trade flows to continue to grow faster than gdp? how is this possible, and in what circumstances might this occur?

finally   346   1 Reply

il0veu08

Is GDP per capita or per capita PPP more accurate when it comes to measuring one country's quality of life?

Is GDP per capita or per capita PPP more accurate when it comes to measuring one country's quality of life?

GDP per capita or GDP per capita PPP and why...
EDIT : So are you saying which one is more accurate among the two??*,*
Lloyd J : but GNI doesn't take a country's prices of living into account, unlike PPP, well Northern Europeans may earn a lot mor

lemmona   477   2 Replies

finally

Is there a point where the GDP could increase to such a high level that economic well-being can be compromised?

Is there a point where the GDP could increase to such a high level that economic well-being can be compromised?

Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.

Ilee0405   435   1 Reply

Datchile

What is the biggest gdp product or service in the US?

What is the biggest gdp product or service in the US?

What is the biggest gdp product or service in the US?
What company or product or service is the biggest in this country?
According to real numbers and statistics...not guesses.

nursetiny   327   2 Replies

__Aycee

What is the current GDP (consumption, investment, government purchases, and net exports) per person?

What is the current GDP (consumption, investment, government purchases, and net exports) per person?

I keep finding the the GDP but not the amount of each section per person, I really don't want to calculate b/c I dont know the exact population. DO you have this info and a website to go with it. Thanks!

finalform   292   2 Replies

FinFan

France is changing it GDP calculation to include a monetary Happiness number - your opinion do opine please?

France is changing it GDP calculation to include a monetary Happiness number - your opinion do opine please?

The cold hard numbers that determine the nations domestic production which is the same for every nation since it is simply Math according to France does not give it's nation a fair shake.  With high unemployment, 35 hour week, 8 week vacations and ma

finalgurl90   311   1 Reply

leleburger

If I divide a country nominal GDP per capita by 12, do I get the average monthly wage?

If I divide a country nominal GDP per capita by 12, do I get the average monthly wage?

That makes sense, doesn't it? The nominal GDP divided by population gives you the average amount a citizen makes in a year. Divide by 12 to get the average monthly salary.

Please let me know if this is correct. It logically makes sense to me, howeve

tony123   368   1 Reply

leleburger

Whats the difference between economy and gdp?

Whats the difference between economy and gdp?

I'm confused as i live in uk and it says we have 5th large economy and yet our gdp is like 11th or lwoer so what's teh difference and what really matters?

tonya.register   391   1 Reply

len5002

What is the formula for figuring the consumer price index?

What is the formula for figuring the consumer price index?

What is the formula for figuring the consumer price index?

iladelph   283   1 Reply

_itsLC

Need help figuring out Consumer Price Index?

Need help figuring out Consumer Price Index?

I have a table where it's got years, retail prices of gasoline per gallon and CPI listed in colums, respectively.  I need to find the price of gasoline in 1960 in 1983 (base year) dollars where the retail price of $0.31 and the CPI is 30.  

If you c

IkemAnsari   325   3 Replies

lemur

Does anyone know why we use the consumer price index?

Does anyone know why we use the consumer price index?

This is an inaccurate estimation of inflation, but it has been used for years. Is there a better solution?

LemyLekySama   392   2 Replies

ike22

What was the average price of a riding lawn mower in 1975?

What was the average price of a riding lawn mower in 1975?

I am doing a report for my job and have googled myself to death. I am looking for the average price of a Craftsman Riding Mower -1975- current, Craftsman Walk-Behind Mower 1975-current, and a Craftsman Weed Eater 1975- current, does anyone have any s

ikeman   493   1 Reply

ilankunda

I recently read about a Congressional proposal to adopt a new Consumer Price Index.?

I recently read about a Congressional proposal to adopt a new Consumer Price Index.?

Why do you feel that the elderly, military and government workers and already poor should be responsible for the already Trillion Dollar deficit incurred by the present presidential party? Let's get the economy going by creating new jobs and now maki

nursetobe   398   1 Reply

ilankunda

The Consumer Price Index measures the average prices paid by?

The Consumer Price Index measures the average prices paid by?

A) businesses for a fixed market basket of resources.
B) businesses for the most frequently used basket of resources.
C) urban consumers for a fixed market basket of goods and services.
D) urban consumers for the goods and services that most frequent

tony9506   507   1 Reply

lemonjello

Where can I find the CPI (Consumer Price Index) for about a dozen different countries?

Where can I find the CPI (Consumer Price Index) for about a dozen different countries?

Is there a site that gives multiple countries' cpi?

lenaclaire   386   1 Reply

datdude666

Should cost of living pay increases be based on the Consumer Price Index? Or what?

Should cost of living pay increases be based on the Consumer Price Index? Or what?

I am trying to find out how to figure cost of living pay increases and what percentage to use to do the calculations.

tony365   418   1 Reply

nursetonya8

rate of inflation is the same as consumer price?

rate of inflation is the same as consumer price?

i am doing a statistic table on inflation rate and it appear in that "consumer price" index table. i dont know is it the same as rate of inflation or not? can you help me

nurseverse   312   2 Replies

tony365

What is consumer price index, is it effective?

What is consumer price index, is it effective?

What is is?
Is it important?

How is it calculated?

finalace   303   1 Reply

lenaclaire

How can Obama think he's helping poor & middle class Americans when the price of everything keeps going up?

How can Obama think he's helping poor & middle class Americans when the price of everything keeps going up?

Despite the lie that "inflation" isn't high.

CPI-U (consumer price index) calculated by 1990 standards:
http://www.shadowstats.com/alternate_data/inflation-charts

finalace   366   7 Replies

datguyth0

I am negotiating a commercial lease on an office in NYC. Help me re: "escalation" clauses.?

I am negotiating a commercial lease on an office in NYC. Help me re: "escalation" clauses.?

In negotiations, the landlord is proposing two escalations. The first is the CPI (consumer price index) and the second is the real estate taxes. I am thinking of proposing that I accept the CPI increases but not the real estate tax escalation. Would

Ilee0405   291   2 Replies

ikk260

How do I define the strengths and three weaknesses of the Consumer Price Index c?

How do I define the strengths and three weaknesses of the Consumer Price Index c?

What are the characteristics of the items listed as strengths?
What are the characteristics of the items listed as weaknesses?
If the CPI is imperfect, why do we use it?
What are the five steps to calculate CPI for hotdogs and hamburgers

ikilledpablo1   358   1 Reply

irina

What is the difference between the GDP deflator and the Consumer Price Index?

What is the difference between the GDP deflator and the Consumer Price Index?

What is the difference between the GDP deflator and the Consumer Price Index?

findy   399   2 Replies

finalgurl90

What is the normal reading for CPI?

What is the normal reading for CPI?

consumer price index. What is the range of CPI? wat is considered normal? what % is okay?

findy   269   2 Replies

datasian

Do you think publicly traded commodities should be included in measuring inflation via consumer price index?

Do you think publicly traded commodities should be included in measuring inflation via consumer price index?

By that I mean, should food and energy be factored into the CPI in spite of the fact that they are wholly speculated upon? Why or why not?

Finatic   293   2 Replies

ikilledpablo1

The tools of monetary policy for altering the reserves of commercial banks are the?

The tools of monetary policy for altering the reserves of commercial banks are the?

1 ) The tools of monetary policy for altering the reserves of commercial banks are the:  (5pts)
 Tax rate and level of government spending
 Consumer price index and unemployment rate
 Public debt, budget surplus, and budget deficit
 Discount rate

_itsLC   852   2 Replies

lelik

why is it important to know the CPI(consumer price index) of an economy?

why is it important to know the CPI(consumer price index) of an economy?

2nd question :
why should consumers, producers, and government cooperate and coordinate to intercept the rising prices?

finalgurl90   345   1 Reply

finister

Explain the difference between the GDP deflator and the Consumer Price Index?

Explain the difference between the GDP deflator and the Consumer Price Index?

Explain the difference between the GDP deflator and the Consumer Price Index?

ilapple   387   1 Reply

lele2877

The price of regular unleaded gasoline in January 1997 was $1.26, and in January 2006, the price of regular un?

The price of regular unleaded gasoline in January 1997 was $1.26, and in January 2006, the price of regular un?

The price of regular unleaded gasoline in January 1997 was $1.26, and in January 2006, the price of regular unleaded gasoline was $2.31 (?Consumer price index,? 2006). Use the coordinates (1997, 1.26) and (2006, 2.31) to find the slope, or rate of ch

lelebaby   430   2 Replies

finalgurl90

How many people have jobs in USA that never keep pace with the consumer price index or the pay is inadequate?

How many people have jobs in USA that never keep pace with the consumer price index or the pay is inadequate?

In others you do not make enough to live off! There is no progression to your welfare status or you ability to have any saving!    Its known fact most people are in debt with a mortgage/student loan/credit card debt/car loans/medical bills etc!
I und

finister   282   2 Replies

findy

12. The main thing the government has done to try to help farmers is to provide money to them in the form of?

12. The main thing the government has done to try to help farmers is to provide money to them in the form of?

A. invention subsidies.
B. price supports.
C. storage fees.
D. field equities.

The tax that pays for most fire and police protection, schools, and parks in the United States is the
_______ tax.
A. property
B. income
C. luxury
D. sales

One indic

iLearninPhys   824   1 Reply

tonya1807

Effect of unanticipated inflation. How to solve this problem?

Effect of unanticipated inflation. How to solve this problem?

John earns $6,000 at his summer job. He owes $20,000 in student loans, and he owns a $4,000 GIC. Suddenly, at the end of the summer, the CPI (consumer price index) rises by 10%. The effect John of this unanticipated inflation is approximately the sam

ilapple   272   2 Replies

datexy

2. What determines the weights for calculating the Consumer Price Index? ?

2. What determines the weights for calculating the Consumer Price Index? ?

      A.   Each good and service is weighted equally.
      B.   Each good and service is weighted according to its price.
      C.   The weights for each good and service are selected randomly.
      D.   The weights reflect the quantities purch

dataplease   451   1 Reply

tony51092

The substitution bias in the consumer price index occurs because:?

The substitution bias in the consumer price index occurs because:?

The consumer price index counts only price increases and ignores any price decrease
      B.   The consumer price index includes the prices of only domestically produced goods when in fact consumers buy imported goods
      C.   The consumer price

lele47   1316   1 Reply

tony9506

What does it mean when the the consumer price index is 125?

What does it mean when the the consumer price index is 125?

I think it means that prices rose 12.5% from the base year???

il0veu08   492   1 Reply

datageekgh

All of the following describe the Consumer Price Index (CPI) EXCEPT:?

All of the following describe the Consumer Price Index (CPI) EXCEPT:?

All of the following describe the Consumer Price Index (CPI) EXCEPT:

   A.   Is also know as the cost-of-living index
 
      B.   Is a measure of inflation for all goods and services produced and sold in the US economy
 
      C.   All of thes

lemon09   603   1 Reply

Ilee0405