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Growth Rates In Class

# Growth Rates In Class - U.S Nominal and Real GDP[Billions...

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Log GDP Log RGDP Time (t) t 0 t 2 t 1 Log GDP Log RGDP Log RGDP Log GDP Log RGDP Log GDP t 1 Time (t) t 2 t 0 Log GDP Log GDP Log RGDP Log RGDP t 1 Time (t) t 2 t 0 U.S. Nominal and Real GDP [Billions of Dollars]: Year Nominal GDP Real GDP 199 0 5803.2 6707. 9 199 1 5986.2 6676. 4 199 2 6318.9 6880 199 3 6642.3 7062. 6 199 4 7054.3 7347. 7 199 5 7400.5 7543. 8 199 6 7813.2 7813. 2 199 7 8318.4 8159. 5 199 8 8781.5 8508. 9 199 9 9268.6 8856. 5 200 0 9872.9 9224 1. We can determine that the base year for the Real GDP data is: a) 1990 b) 1992 c) 1994 d) 1996 2. The Implicit GDP Deflator for 1992 equals: 3. From 1992 to 1996 the annual rate of inflation was ______percent.

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4. From 1990 to 2000 GDP grew at a rate of ____percent per year. 5. If GDP continues to grow at the rate it grew between 1990 and 2000, GDP will equal ____ billion dollars in 2010. a) 12,444.5 b) 13,942.6 c) 15,676.1 d) 16,796.6 The graph below shows the log of Real and Nominal GDP for Economia through time:
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