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GDP Calculation
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Questions (69)
The table above gives the prices and quantities for a fictional country that only produces video games and movies. What is the
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Given a GDP inflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP.(1 point)
Responses 9.36 billion dollars
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Given a GDP inflator of 120 and a Nominal GDP of 7.8 billion dollars, calculate Real GDP.(1 point) Responses 6.5 billion dollars
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Which of the following formulas can be used to calculate the real GDP growth rate?
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What is the difference between real GDP and nominal GDP? (1 point)
O Nominal GDP is adjusted for inflation, while real GDP is
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How to find GDP at market price and GDP at factor cost?, give the examples
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Which of the following components is NOT included in the calculation of GDP using the expenditures approach? (1 point)
•
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The global economy apply
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I feel confident calculating Nominal GDP, Real GDP, and other economic indicators and can successfully use these indicators to
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How do you calculate the per capita GDP of a country?(1 point)
Responses  by adding the GDP to HDI by adding the GDP to HDI
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Anonymous45
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How do you calculate the per capita GDP of a country?(1 point)%0D%0AResponses%0D%0A%0D%0Aby adding the GDP to HDI%0D%0Aby adding
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Which of the following components is NOT included in the calculation of GDP using the expenditures approach?
A. Business spending
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Which of the following is a true statement about economic performance measurement?
A. Real GDP is adjusted for inflation B.
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Which of the following components is NOT included in the calculation of GDP using the expenditures approach?(1 point)
Responses
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Complete the sentence below in 2 sentences
I feel confident calculating Nominal GDP, Real GDP, and other economic indicators and
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Use the table to answer the question.
2000 2020 Price ($) Quantity Price ($) Quantity Cars 10,000 5,000 15,000 9,000 Trucks
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Using the expenditure approach, the Real GDP of a given economy was calculated as 250 million dollars in 2019. In 2020, the
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How do you calculate the per capita GDP of a country? (1 point)
O by adding the GDP to HDI • by dividing the GDP by the number
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dont know me
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How is a country's GDP determined?
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How do you calculate the per capita GDP of a country? (1 point)
• by adding the GDP to HDI • by dividing the GDP by the
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Parent Categories (6)
Economic Indicators
Economic Performance Measurement
Economics
Economics or Macroeconomics
Macroeconomics
National Income Accounting