year nominal GDP GDP deflator
(billions) (based year 1992)
1993 725 101.2
1994 762 102.4
Are these answeres correct????
4.a) The growth rate of nominal income between 1993 and 1994 is 5.10%
(725762)/725*100=5.10%
b) The growth rate of the GDP deflator between 1993 and 1994 is 1.17%
(101.2102.4)/102.4*100=1.17%
 👍
 👎
 👁
 ℹ️
 🚩
Answer this Question
Related Questions

algebra
3.The snow starts at a depth of 10 inches and melts to 2 inches over the span of 4 hours. Determine the rate of change over the interval 0≤x≤4 A.4 inches per hour B.2 inches per hour C.8 inches per hour D.12 inch per hour 4.The population in a

Math
National Oil Company reported a net loss last year of $14 million. This year their net gain is $65 million. How much more money did they make this year than last year? A) $79 million B) $65 million C) $14 million D) $51 million***

economics
We can conclude that there has been inflation since the base year if the GDP price index in the current year is A) positive B) equal to zero C) less than 100 D) greater than 100 E) negative

econ
A country has a population of 20,000 people and a GDP of 50 million dollars. What is the per capita GDP of the country? a.) 2.5 million dollars b.) 250 dollars c.) 2,500 dollars d.) 100 million dollars

math
Homeroom 101 and Homeroom 102 share a hallway bulletin board. If Homeroom 101 uses 3/5 of their half to display artwork, what fraction of the board is used to display to display Homeroom 101's artwork? Which is correct3/5 x 1/2 , 3/5 divided by 1/2. or

Health
Which of the following people is most likely to have the highest selfesteem? A 15yearold male A 15yearold female A 50yearold female A 50yearold male (MY ANSWER)

Finite Math
Find the effective rate of interest corresponding to a nominal rate of 6%/year compounded annually, semiannually, quarterly, and monthly. (Round your answers to two decimal places.)

algebra
Astronomers measure large distances in lightyears. One lightyear is the distance that light can travel in one year, or approximately 5.88 x 1012 miles. Suppose a star is 3.2 x 102 lightyears from Earth. In scientific notation, approximately how many

statistics
2. Classify the following variable as nominal, ordinal, discrete, or continuous and state why it is such a variable: number of automobile accidents per year (Points : 3)

math
An economist wants to construct an exponential regression to predict the economic gross domestic product of a developing country. The following data set shows the data that the economist complied. GDP (in Millions) Year 125 1 142.5 2 162.45 3 185.19 4

PreCalculus
What is the present value of a $1000 bond which pays $50 a year for 10 years, starting one year from now? Assume interest rate is 6% per year, compounded annually

Economics
A $90,000 investment is made. Over a 5 year period, a return of $30,000 occurs at the end of the first year. Each successive year yields a return that is $3,000 less than the previous year's return. If money is worth 5 percent, use a gradient series factor

math algebra
Please express your answer in scientific notation. (6.0 x 105) x (3.0 x 104) = (1 point) 18 x 1020 18 x 109 1.8 x 1020 1.8 x 1010 2. Please express your answer in scientific notation. (5 x 10–2) ÷ (2 x 103) = (1 point) 2.5 x 105 2.5 x 101 25 x 101 25

math
Solve each problem and write your answers in scientific notation. 1. (6.0 x 105) x (3.0 x 104) = (1 point) 18 x 1020 18 x 109 1.8 x 1020 1.8 x 1010 2. (5 x 10–2) ÷ (2 x 103) = (1 point) 2.5 x 105 2.5 x 101 25 x 101 25 x 102 3. (2.56 x 106) x (3.56 x

Economics
With all other economic forces held constant, an increase in labor productivity throughout the country implies _____. a. a decrease in GDP due to an increase in labor hours b. an increase in GDP with labor hours held constant c. a decrease in GDP with

CHEMISTRY HELP !!!! CHECK !!!
Al3+ is reduced to Al(s) at an electrode. If a current of 2.75 ampere is passed for 36 hours, what mass of aluminum is deposited at the electrode? Assume 100% current efficiency. a. 9.2 x 10–3 g b. 3.3 x 101 g c. 9.9 x 101 g d. 1.0 x 102 g e. 3.0 x 102 g

statistics
The probability that a 30year old white male will live another year is .99842. What premium would an insurance company charge to break even on a 1year $1 million dollar term life insurance policy?

Statistics 250
For the past 20 years, the high temperature on April 15th has averaged µ = 62 degrees with a standard deviation of σ = 4. Last year, the high temperature was 72 degrees. Based on this information, last year's temperature on April 15th was the following.

c++ programming
Write a program that determines the day number (1 to 366) in a year for a date that is provided as input data. As an example, January 1, 2011 is day 1. December 31, 2010 is a day 365. December 31, 2012 is day 366, since 2012 is a leap year. A year is a

math
Last year, Gary's tomato plants produced 24kg of tomatoes. This year, Gary increased the number of tomato plants in his garden by 25%. If his plants produce tomatoes this year at the same rate per plant as last year, how many kilograms of tomatoes can Gary
Still need help?
You can ask a new question or browse existing questions.