
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
Edition 14ISBN: 978-1337794985 Exercise 14
Data for nominal GDP and the GDP deflator (2005 = 100) in 2009 and 2010 for six major industrial countries are presented in the accompanying Table A.
a. Use the data provided to calculate the 2009 and 2010 real GDP of each country measured in 2005
prices. Place the figures in the blanks provided.
b. Use the data for the GDP deflator to calculate the inflation rate of each country. Put your answers in the blanks provided.
c. Which country had the highest growth rate of real GDP? Which had the lowest?
d. Which countries had the highest and the lowest inflation rates?
e. Which one of the countries had the most inflation during this period?
REFERENCE TABLE A:

a. Use the data provided to calculate the 2009 and 2010 real GDP of each country measured in 2005
prices. Place the figures in the blanks provided.
b. Use the data for the GDP deflator to calculate the inflation rate of each country. Put your answers in the blanks provided.
c. Which country had the highest growth rate of real GDP? Which had the lowest?
d. Which countries had the highest and the lowest inflation rates?
e. Which one of the countries had the most inflation during this period?
REFERENCE TABLE A:

Explanation
Nominal GDP measures the value of all th...
Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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