Assignment 3

Assignment 3 - 1980 $2,684.4 $3,131.6 85.72 9.5 $13,747...

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Adam Ohanesian Assignment #3 4/20/2011 I have filled in the blanks for the ones I could figure out. I could not figure out how to compute the Nominal GDP and GDP Deflator for 1981. The formula provided as well as any I found myself all require at least two figures. Below the table I have shown my calculations for each. Nominal GDP Real GDP GDP Inflation Per Capita Population Year Billions $ Billions Deflator Rate (%) Real GDP Millions
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Unformatted text preview: 1980 $2,684.4 $3,131.6 85.72 9.5 $13,747 227.8 1981 ? ?? $3,193.6 ??? 9.6 $13,879 230.1 1982 $3114.8 $3114.8 100.00 6.4 $13,397 232.5 Per Capita Real GDP for 1981 = (4193.6 (Real GDP) / 230.1 (Population)) * (1000) Nominal GDP for 1982 = (100 (GDP Deflator) / 100 (GDP Deflator)) * (3114.8 (Real GDP)) Real GDP for 1982 = (13,397 (Per Capita Real GDP) / 1000 (GDP Deflator)) * 232.5 (Population) Inflation Rate for 1982 = You provided to me to help me figure out the remaining two however I still do not see the relationship between them....
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Assignment 3 - 1980 $2,684.4 $3,131.6 85.72 9.5 $13,747...

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