This preview shows page 1. Sign up to view the full content.
Unformatted text preview: 2006-2007 the constant is quantity. 5. a The growth rate from 1999-2000 is 6.5% B The growth rate of GDP deflator for 1999-2000 is 5% c. $6103.67 (in billions) d. $4463.79 e. -12.65% f. Lower, the real GDP rate was not a growth rate is shows losses. 8. a $200 b.$350 c,$370 d.$350 e.$150 12. a. Women in the workforce has most likely increased the GDP drastically as more is being produced. b. The change in well being would decrease at a rate that the GDP increased. C. Exercise decreased as well. It would not be a practical interpretation of the GDP if well-being would be incorporated in the calculation....
View Full Document
This note was uploaded on 04/08/2008 for the course ECON 1002 taught by Professor Rissell during the Spring '08 term at Villanova.
- Spring '08