1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilya [14]
3 years ago
15

The following table shows data for nominal GDP and the GDP deflator (2010 = 100) in 2013 and 2014 for six major industrial count

ries.
Complete the table by calculating the 2013 and 2014 real GDP of each country measured in 2010 prices. Then calculate the inflation rate between 2013 and 2014 for each country.
I. Nominal GDP(Billions of Local Currency Units)
Country
1. United States
2. Canada
3. Japan
4. Italy
5. Australia
6. United Kingdom
2013
1. 16,663.20
2. 1,879.5
3. 482,430.0
4. 1,609.5
5. 1,554.8
6. 1,713.1
2014
1. 17,348.1
2. 1,976.2
3. 489,623.0
4. 1,616.3
5. 1,599.8
6. 1,791.5
II. Country GDP Deflator (2010 = 100)
Country
1. United States
2. Canada
3. Japan
4. Italy
5. Australia
6. United Kingdom
2013
1. 105.6
2. 108.1
3. 97.2
4. 103.9
5. 105.5
6. 104.3
2014
1. 107.4
2. 110.9
3. 98.8
4. 105.0
5. 105.8
6. 106.0

Real GDP Real GDP
(In 2010 currency units)
2013 2014 Inflation Rate
Which country had the highest growth rate of real GDP? Japan Canada Italy Australia Grade It Now Save & Continue Continue without saving
Business
1 answer:
dolphi86 [110]3 years ago
5 0

1. United States : 2013 real GDP 15,779.54, 2014 : 16,152.7

2. Canada : 2013 real GDP 1,738.66, 2014 : 1,781.96

3. Japan : 2013 real GDP 464,321.4, 2014 : 495,576.9

4. Italy: 2013 real GDP 1,549.08, 2014 : 1,539.33

5. Australia : 2013 real GDP : 1,473.74, 2014: 1,512.09

6. United Kingdom : 2013 real GDP : 1,642.37, 2014: 1,690.09

Inflation rate:

1. United States: 1.7%

2. Canada: 2.6%

3. Japan: 1.6%

4. italy: 1.0%

5. Australia: 0.28 %

6. United Kingdom: 1.62 %

You might be interested in
05) Assume that prices and wages adjust rapidly so that the markets for labor, goods, and assets are always in equilibrium. What
Kay [80]

Answer:

Explanation:

a. A temporary increase in government purchases would result in a  reduction in savings, which would, in turn, lead to the implementation of higher taxes by the government so as to match prices and wages.

This would: make output to remain unchanged, real interest to increase and current price level to increase as well.

b. A reduction in expected inflation would lead to an increment in the demand for real money, as people do not expect inflation to increase for a while. Thus, more demand creates a reduction in the price level. Everything else remains unchanged. This would: make output remain unchanged, real interest remain unchanged and the current price level to decrease.

C. A temporary increase in labor supply would make more people have jobs and therefore more people can save. If more people save the interest rates are liable to decrease therefore money demand will increase. This would: make output to increase, real interest to decline and current price level to decrease.

d. An increase in the interest rate paid on money will lead to a higher demand for money. With an unchanged nominal money supply and higher money demand, the price would decline but everything remains unchanged. This would make: output remain unchanged, real interest remains unchanged and the current price level decrease.

4 0
3 years ago
Which one of the following regarding the State Disability Insurance (SDI) program is true?
solmaris [256]

Answer:

B) The State Disability Insurance (SDI) program benefits received for a period of disability are not taxable as income, but benefits received for time off under the Paid Family Leave program are federally taxable as income.

Explanation:

Disability insurance benefits are not reported for tax purposes with one exception. If a person are receiving unemployment insurance benefits,

become unable to work due to a disability, and begin receiving disability insurance benefits, your disability insurance benefits are considered a substitution for your unemployment insurance benefits,  and will then be reported for tax purposes.

If disability insurance benefits are reported, a notice will accompany the first benefit payment sent to you advising  that the benefits are being reported to the Internal Revenue Service.  The employment development department will provide you with a 1099G tax form in January showing the reported amounts paid and forward a copy to the Internal Revenue Service.

Paid family leave benefits are reported for federal purposes but not state tax purposes.

Paid family leave benefits are not taxable or reported to the California State Franchise Tax Board.

4 0
3 years ago
Dima called her friend to tell her that she saved 30% on her new skirt at a discount store. Her friend told her that she could h
FromTheMoon [43]

If the original price of Dima’s skirt was $54, the amount that she have saved at the store was option(b)i.e, $1.80.

Let's just take the sales price of the skirt Dima purchased from the discount shop as the rate of the other retailer is not provided.

Original price: $54

Discount rate: 30%

$54 x 30% = $16.20 value of the discount

$54 - 16.20 = $37.80 discounted price.

Since Dima's friend told her she could have had a better deal at a different store, this means that the discount rate is higher than 30%. i.e, the discount is 33.33%

$54 x 33.33%  = $17.99 value of the discount

$54 - 17.99 = $36.00 discounted price.

Discount store: $37.80

Different store: $36.00

The different store sales price is cheaper by $1.80

Therefore, she could have saved $1.80 at the store her friend suggested.

To know more about discount rate refer to:  brainly.com/question/13660799

#SPJ1

6 0
1 year ago
The advertising manager and sales supervisor at greenwalt advertising perform related job functions and report to the _____ mana
viktelen [127]
<span>It is reasonable to assume that sales supervisor reports to a sales manager, who would report to the general manager. The advertising manager would report to this same general manager.</span>
5 0
3 years ago
Sandra is 19 years old and has her first job as an administrative assistant in a law firm. She wears very low-cut shirts, short
sashaice [31]

People might believe that shes trashy she must sleep around with alot of men she wants attention people give her nasty names because of the clothing she choses. Quick note: People will always judge you on how you look you can be the smartest person ever but what you wear is how they will judge you even if you say it will not bother you it will eventually catch up with you and start tearing you down little by little untill you have no confidence in your self no more thats the reality its nasty but its true

8 0
3 years ago
Read 2 more answers
Other questions:
  • Find the sticker price for a vehicle with the following features and costs: Suggested retail price of $13,760, destination charg
    8·1 answer
  • What type of group is created by a larger group or by a person in a position of authority for the purpose of doing or completing
    14·1 answer
  • What is the name of the experimental task in which an infant interacts with an adult who first engages in normal social interact
    13·1 answer
  • Following ethical standards that have been outlined by the company you work for are___standards(apex)
    13·1 answer
  • One reward of starting your own business is _____.
    10·1 answer
  • Provide at least 2 suppliers for Nespresso and what materials do they supply?
    13·1 answer
  • In 2017 Paris Corporation reported net income of $245,250, interest expense of $60,520, and income tax expense of $49,680. Calcu
    7·1 answer
  • At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Do
    15·1 answer
  • Oriole Company sells merchandise on account for $7800 to Sunland Company with credit terms of 2/13, n/30. Sunland Company return
    10·1 answer
  • Grants Corporation prepared the following two income statements (simplified for illustrative purposes):
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!