Example questions-macroeonomics-sp53 2015

Example questions-macroeonomics-sp53 2015 - Example...

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Example questions
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MCQ Conceptual understanding, calculation… 8 questions. 2 marks each
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GDP An increase in the price of domestically produced curtain used in hotel will be reflected in: A. both the GDP deflator and the CPI B. neither the GDP deflator nor the CPI C. the GDP deflator but not in the CPI D. the CPI but not in the GDP deflator An increase in the price of domestically produced curtain used in household will be reflected in: A. both the GDP deflator and the CPI B. neither the GDP deflator nor the CPI C. the GDP deflator but not in the CPI D. the CPI but not in the GDP deflator
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For calculation, please give detailed procedure Procedure carries marks.
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Calculate GDP in 2014 based on the following table Items Billions of dollars Compensation of employees Consumption Expenditure Net taxes Gross operating surplus Investment Government Expenditure Net Exports Savings 1700 1650 1250 1250 1350 120 -150 1300 If the real GDP in 2014 is 2900, the GDP deflator is ____________________
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Calculate real GDP and nominal GDP of 2017,
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