Real GDP in 2014 was $15,982 billion. Real GDP in 2015 was $16,397 billion. What was the

Question:

Real GDP in 2014 was $15,982 billion. Real GDP in 2015 was $16,397 billion. What was the percentage change in real GDP from 2014 to 2015? What do economists call the percentage change in real GDP from one year to the next?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

See More Books

Question Posted: Aug 20, 2019 10:58 AM

See More Questions

Briefly explain whether you agree with this statement: "Real GDP in 2014 was $16.1 trillion. This value is a large number. Therefore, economic growth must have been high during 2014."
Indian GDP in 2014 was 119 trillion rupees,while U.S. GDP was $16.5 trillion. The exchange rate in 2014 was 61.0 rupees per dollar. India turns out to have lower prices than the United States (this...
Consider the following data on U.S. GDP: a. What was the growth rate of nominal GDP between 1994 and 2014? b. What was the growth rate of the GDP deflator between 1994 and 2014? c. What was real GDP...
Given a shaky economy and high heating costs, more and more households are struggling to pay utility bills (The Wall Street Journal, February, 14, 2008). Particularly hard hit are households with...
AI Dale is planning his Christmas shopping for seven people. To quantify how much his various relatives would enjoy receiving items from a list of prospective gifts, AI has assigned appropriateness...
Suppose a computer using fully associative cache has 2 24 bytes of byte-addressable main memory and a cache of 128 blocks, where each cache block contains 64 bytes a) How many blocks of main memory...
What are the six activities involved in the physical supply/distribution system? LO.1
Suppose that the court concludes that the statute applies only to skiing and does not apply to snow tubing. Will Alainas lawsuit be successful? Explain. Alaina Sweeney went to Ragged Mountain Ski...
Harrison recyclers company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017: 1. Retained earnings, beginning balance, $125000 2. Retained...
Futura Company purchases the 40,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $8.40 per unit. Due to a reduction in output, the company now has...
If factor A has 2 levels and factor B has 3 levels in a two-way ANOVA, we have a a ___x_____factorial design.
What is the area of the triangle shown in the following figure? Price of Pepsi (dollars per two-liter bottle) $2.25 1.50 Demand curve for Pepsi Quantity (bottles per month) 115,000 175,000
A car dealer advertises a new car lease with the following terms: - $\$ 3,500$ cash paid by the customer at the beginning of the lease; - Monthly payments of $\$ 229$ for 48 months; and - The...
The ratio of CEO pay to that of an average employee increased over a period of 50 years from 24:1 to 275:1. Is this increasing gap ethically sound, in your opinion? Should CEO pay be limited in any...
Suppose you are considering buying a machine that costs $7,000. It will generate revenues of $1,500 for the next 3 years, and then $1,000 for the following 5 years. What is the payback period of this...
National Bakery Limited is the main supplier of a variety of baked products to customers in Kingston. The company currently makes 25,000,000 a variety of baked products annually which uses baking...
Q1. Discuss the financial goal of a business. Ensure to provide an example of the inherent ethical challenges associated with the financial goal and or the financial management process. Using the...
Q1. How can companies use social media to do sentiment analysis? Describe the process. Give an example of a company that uses sentiment analysis to enhance relationships with customers. Q2. Describe...
The following balance sheet data are reported for Beaver, Inc., at May 31, 2019. Assume that on June1, 2019. only the following two transaction occurred. June I Purchased additional equipment costing...
Using the theoretical sampling strategy, how many samples of size 4 (n = 4) can be drawn from a population of size: (a) N = 5? (b) N = 8? (c) N = 16? (d) N = 50?
Consider the following data for a manufacturer: Requirement 1. Compute cost of goods manufactured and cost of goodssold. End of Year Beginning of Year Direct materials inventory Work in process...
What is fiscal policy? Who is responsible for conducting fiscal policy?
Practice Problem 1 The stockholders equity accounts of Bramble Corp. on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,400 shares authorized) $264,000 Common Stock...
JVCU Which of the following is considered cash for financial reporting purposes? 1 JVCU Which of the following is considered cash for financial reporting purposes? 1
Required information The Foundational 15 [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, L08-10) (The following information applies to the questions displayed below.) Morganton Company makes one product...

Real GDP in 2014 was $15,982 billion. Real GDP in 2015 was $16,397 billion. What was the

Question:

Step by Step Answer:

16397 billion 15982 billion15982 billion ...View the full answer

Economics

Students also viewed these Business questions