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Unformatted text preview: macroeconomic data, where quantities are in gallons and prices are dollars per gallon. Between Year 1 and Year 2, nominal GDP grew by? Between Year 1 and Year 2, the percent change in real GDP (based on Year 1 as a base year) was? Between Year 1 and Year 2, the GDP de²ator (based on Year 1 as a base year) rose? 4. By Marks buys a one-year German government bond (called a bund) for $400. He receives principal and interest totaling $436 one year later. During the year the CPI rose from 150 to 162, but he had thought the CPI would be at 159 by the end of the year. By Marks had expected the real interest rate to be ________, but it actually turned out to be ________. 1...
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This note was uploaded on 10/10/2009 for the course ECON 3140 at Cornell University (Engineering School).