321HW11Sp01Answer

321HW11Sp01Answer - Instructor : Kim, H.H. Spring 2011...

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Instructor : Kim, H.H. Intermediate Macro Analysis Spring 2011 Economics 01:220:321 1 Assignment I 1. (15 points) The questions below require you to obtain actual macroeconomic data. All of the data are available at Bureau of Economic Analysis, survey authority of Department of Commerce ( www.bea.gov ). You can find it historical data of (nominal/real) gross domestic product on its website (http://bea.gov/national/nipaweb/SelectTable.asp?Popular=Y). As we learn, it is divided intro four categories; consumption, investment, government expenditure and net exports. Using any spreadsheet program (e.x. MS Excel) or any program that you are familiar at, make the table for GDP of recent 20 year (1989~2009), GDP growth rates, its four components and its percent of GDP like the following example table. (That is, you need to replicate the following table for 1989~2009) and plot the growth rate of GDP like the following plot. (Don’t copy the graph from other sources. Please make your own.) Answers) Year GDP Growth Rates Consumption Investment Government Expenditure New Exports 2005 Dollar Growth Rates 2005 Dollar % of GDP 2005 Dollar % of GDP 2005 Dollar % of GDP 2005 Dollar % of GDP 1989 7885.9 3.57% 5209.9 66.07% 1028.1 13.04% 1806.8 22.91% -99.2 -1.26% 1990 8033.9 1.88% 5316.2 66.17% 993.5 12.37% 1864 23.20% -72.8 -0.91% 1991 8015.1 -0.23% 5324.2 66.43% 912.7 11.39% 1884.4 23.51% -32 -0.40% 1992 8287.1 3.39% 5505.7 66.44% 986.7 11.91% 1893.2 22.85% -35.2 -0.42% 1993 8523.4 2.85% 5701.2 66.89% 1074.8 12.61% 1878.2 22.04% -75 -0.88% 1994 8870.7 4.07% 5918.9 66.72% 1220.9 13.76% 1878 21.17% -106.6 -1.20% 1995 9093.7 2.51% 6079 66.85% 1258.9 13.84% 1888.9 20.77% -98.8 -1.09% 1996 9433.9 3.74% 6291.2 66.69% 1370.3 14.53% 1907.9 20.22% -110.7 -1.17% 1997 9854.3 4.46% 6523.4 66.20% 1540.8 15.64% 1943.8 19.73% -139.8 -1.42% 1998 10283.5 4.36% 6865.5 66.76% 1695.1 16.48% 1985 19.30% -252.6 -2.46% 1999 10779.8 4.83% 7240.9 67.17% 1844.3 17.11% 2056.1 19.07% -356.6 -3.31% 2000 11226 4.14% 7608.1 67.77% 1970.3 17.55% 2097.8 18.69% -451.6 -4.02% 2001 11347.2 1.08% 7813.9 68.86% 1831.9 16.14% 2178.3 19.20% -472.1 -4.16% 2002 11553 1.81% 8021.9 69.44% 1807 15.64% 2279.6 19.73% -548.8 -4.75% 2003 11840.7 2.49% 8247.6 69.65% 1871.6 15.81% 2330.5 19.68% -603.9 -5.10% 2004 12263.8 3.57% 8532.7 69.58% 2058.2 16.78% 2362 19.26% -688 -5.61% 2005 12638.4 3.05% 8819 69.78% 2172.2 17.19% 2369.9 18.75% -722.7 -5.72% 2006 12976.2 2.67% 9073.5 69.92% 2230.4 17.19% 2402.1 18.51% -729.2 -5.62% 2007 13228.9 1.95% 9289.5 70.22% 2161.6 16.34% 2434.2 18.40% -654.9 -4.95% 2008 13228.8 0.00% 9265 70.04% 1957.3 14.80% 2502.7 18.92% -504.1 -3.81% 2009 12880.6 -2.63% 9153.9 71.07% 1515.7 11.77% 2542.6 19.74% -363 -2.82%
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Instru Sprin 2. (10 quest Presid a . b . it c c . ra d . low e . ov -4.00 -3.00 -2.00 -1.00 0.00 1.00 2.00 3.00 4.00 5.00 6.00 uctor : Kim ng 2011 0pt) Locate th tions. All of th dent ( http://w Complete th Yea 197 198 199 200 If a unit of m cost in 1979? During whic ate of inflation During whic west? Which even verall index? 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 1989 1 m, H.H. he necessary he relevant d www.gpoacce he following t ar C It 79 7 89 99 1 09 2 medical care ? ch of the three n for all items ch of the thre ts might acco 1991 1993 y economic d ata may be f ess.gov/eop/ ) table with dat PI All tems % chan 72.6 124 71 166.6 34 214.5 29 (for example e intervals in s the highest? e intervals in ount for the u 1995 The G 2 data and appl found in the E ). ta about the % nge CPI Medica Care 67.5 % 149.3 % 250.6 % 375.6 e, a visit to th n the table (19 ? n the above ta unusual beha 1997 1999 Growth Rate Interme ly them to an Economic Re various cons al % change 3 121% 6 68% 6 50% e physician) 979–1989, 1 able was the avior of the e 9 2001 of GDP ediate Ma Economic nswer the foll eport of the sumer price i CPI Energy 65.7 94.3 106.6 193.1 cost $50 in 2 989–1999, 1 e rate of inflat energy CPI in 2003 200 acro Analy cs 01:220:3 owing data ndices (CPI) % change 44% 13% 81% 2009, how m 999–2009) w tion for all ite ndex relative 52 0 0 7 ysis 321 .
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This note was uploaded on 03/24/2011 for the course ECON 321 taught by Professor Sani during the Spring '08 term at Rutgers.

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321HW11Sp01Answer - Instructor : Kim, H.H. Spring 2011...

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