Calculate the inflation rate between 1980 and 2000, and between 2010 and 2020 Calculate the rate of change in the real GDP for all years and plot the data of the rate of change Described the role of government spending as a percentage of the GDP between 1945 and 2020 Do the data support the claim of too much government spending The nominal values for the gross domestic product (GDP) and government expenditures (G) as well as the implicit price deflators for GDP and G for the United States for several years are given below I have found the Real GDP and Real Government Spending and RGS Real GDP Just need help with the following Hope this is enough info this time Please Scroll to the bottom to see all info Year GDP Deflator G (Deflator) Nominal GDP Nominal G Real GDP Real Government Spending Real Government Spending Real GDP (2012 100) 1945 9 781 5 51 228 2 96 6 2333 09478 1753 176044 75 14379878 1950 13 064 8 234 300 2 50 7 2297 91794 615 7396162 26 79554413 1960 16 637 11 094 543 3 121 3265 61279 1090 679647 33 39892745 1970 21 676 16 078 1075 9 254 2 4963 55416 1581 042418 31 85303045 1980 42 278 34 045 2862 5 590 8 6770 66086 1735 350272 25 6304415 1990 63 676 52 113 5979 6 1238 4 9390 66524 2376 374417 25 30570897 2000 78 069 68 601 10289 7 1834 4 13180 2636 2674 013498 20 28801226 2010 96 109 95 386 14958 3 3174 15563 891 3327 532342 21 37982297 2011 98 112 98 285 15533 8 3158 7 15832 7218 3213 816961 20 29857534 2012 100 100 16244 6 3167 16244 6 3167 19 49570934 2013 101 773 102 332 16,663 20 3,114 20 16372 9083 3043 231834 18 5869961 2014 103 687 104 445 17,348 10 3,152 10 16731 2199 3017 952032 18 03784808 2015 104 757 104 717 17,942 90 3,183 00 17128 1155 3039 621074 17 74638352 2016 105 899 105 059 18,979 20 3,322 40 17921 9823 3162 413501 17 64544487 2017 107 932 107 797 19,831 80 3,419 10 18374 3468 3171 795133 17 26208374 2018 110 765 112 674 20,749 50 3644 8 18732 903 3234 819035 17 26811395 2019 112 99 114 022 21,747 40 3805 3 19247 19 3337 338408 17 33935398 2020 114 415 115 5 21,479 50 3,830 80 18773 3252 3316 709957 17 66714168 Calculate the inflation rate between 1980 and 2000, and between 2010 and 2020 Calculate the rate of change in the real GDP for all years and plot the data of the rate of change Described the role of government spending as a percentage of the GDP between 1945 and 2020 Do the data support the claim of too much government spending

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 25, 2024

Calculate the inflation rate between 1980 and 2000, and between 2010 and 2020. Calculate the rate of change in the real GDP for all years

Calculate the inflation rate between 1980 and 2000, and between 2010 and 2020.
Calculate the rate of change in the real GDP for all years and plot the data of the rate of change.
Described the role of government spending as a percentage of the GDP between 1945 and 2020. Do the data support the claim of too much government spending?

The nominal values for the gross domestic product (GDP) and government expenditures (G) as well as the implicit price deflators for GDP and G for the United States for several years are given below:

I have found the Real GDP and Real Government Spending and RGS % Real GDP... Just need help with the following. Hope this is enough info this time. Please Scroll to the bottom to see all info...

Year	GDP Deflator	G (Deflator)	Nominal GDP	Nominal G	Real GDP	Real Government Spending	Real Government Spending % Real GDP
Year	(2012=100)	G (Deflator)	Nominal GDP	Nominal G	Real GDP	Real Government Spending	Real Government Spending % Real GDP
1945	9.781	5.51	228.2	96.6	2333.09478	1753.176044	75.14379878
1950	13.064	8.234	300.2	50.7	2297.91794	615.7396162	26.79554413
1960	16.637	11.094	543.3	121	3265.61279	1090.679647	33.39892745
1970	21.676	16.078	1075.9	254.2	4963.55416	1581.042418	31.85303045
1980	42.278	34.045	2862.5	590.8	6770.66086	1735.350272	25.6304415
1990	63.676	52.113	5979.6	1238.4	9390.66524	2376.374417	25.30570897
2000	78.069	68.601	10289.7	1834.4	13180.2636	2674.013498	20.28801226
2010	96.109	95.386	14958.3	3174	15563.891	3327.532342	21.37982297
2011	98.112	98.285	15533.8	3158.7	15832.7218	3213.816961	20.29857534
2012	100	100	16244.6	3167	16244.6	3167	19.49570934
2013	101.773	102.332	16,663.20	3,114.20	16372.9083	3043.231834	18.5869961
2014	103.687	104.445	17,348.10	3,152.10	16731.2199	3017.952032	18.03784808
2015	104.757	104.717	17,942.90	3,183.00	17128.1155	3039.621074	17.74638352
2016	105.899	105.059	18,979.20	3,322.40	17921.9823	3162.413501	17.64544487
2017	107.932	107.797	19,831.80	3,419.10	18374.3468	3171.795133	17.26208374
2018	110.765	112.674	20,749.50	3644.8	18732.903	3234.819035	17.26811395
2019	112.99	114.022	21,747.40	3805.3	19247.19	3337.338408	17.33935398
2020	114.415	115.5	21,479.50	3,830.80	18773.3252	3316.709957	17.66714168

Calculate the inflation rate between 1980 and 2000, and between 2010 and 2020.
Calculate the rate of change in the real GDP for all years and plot the data of the rate of change.
Described the role of government spending as a percentage of the GDP between 1945 and 2020. Do the data support the claim of too much government spending?