Macroecon hw 1

Macroecon hw 1 - JasonFrankel 1 Year Real GDP cap in 2000...

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Jason Frankel Intermediate Macroeconomics Homework 1 1. Year Real GDP/ cap in 2000 dollars % growth rate (a) growth rate LN  (b) 1950 11745 1960 13951 1970 18561 1980 22784 1990 28598 1995 30525 1996 31396 2.85% 2.81% 1997 32520 3.58% 3.52% 1998 33544 3.15% 3.10% 1999 34367 2.45% 2.42% 2000 35265 2.61% 2.58% 2001 35165 -0.28% -0.28% 2002 35368 0.58% 0.58% 2003 35895 1.49% 1.48% 2004 36939 2.91% 2.87% 2005 37773 2.26% 2.23% In part a, I used a simple formula of 100*(Yt/Yt-1) which gave me the percentage change. The numbers in part b are very similar, if not the exact same
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to my values in part a. Year Real GDP/ cap in 2000 dollars % growth rate pt c growth rate LN  (d) 1950 11745 1960 13951 18.78% 17.21% 1970 18561 33.04% 28.55% 1980 22784 22.75% 20.50% 1990 28598 25.52% 22.73% 1995 30525 1996 31396 1997 32520 1998 33544 1999 34367 2000 35265 23.31% 20.96% 2001 35165 2002 35368 2003 35895 2004 36939 2005 37773 the numbers in part C in terms of natural log cause you to make  an error in regards to the growth rate over a given decade. Typically the error is roughly 10% of what the actual growth rate 
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Macroecon hw 1 - JasonFrankel 1 Year Real GDP cap in 2000...

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