Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question: Convert the real GDP and nominal GDP series into an annual growth rate series. Date Gini Coeff (GINI) GDP {nom) CPI trend dum GDP

Question: Convert the real GDP and nominal GDP series into an annual growth rate series.

Date Gini Coeff(GINI)GDP{nom)CPI trend dum GDP(REAL)=GDP(NOM)/CPI*100 1954 38.52  390.55 26.9 1 0  1,451.86 1955 37.71  425.48 26.8 2 0  1,587.60 1956 37.26  449.35 27.2 3 0  1,652.03 1957 37.53  474.04 28.1 4 0  1,686.97 1958 37.35  481.23 28.9 5 0  1,665.15 1959 37.89  521.65 29.1 6 0  1,792.63 1960 37.98  542.38 29.6 7 0  1,832.37 1961 38.79  562.21 29.9 8 0  1,880.30 1962 37.8  603.92 30.2 9 0  1,999.74 1963 37.53  637.45 30.6 10 0  2,083.17 1964 37.62  684.46 31.0 11 0  2,207.94 1965 37.44  742.29 31.5 12 0  2,356.47 1966 37.08  813.41 32.4 13 0  2,510.54 1967 37.35  859.96 33.4 14 0  2,574.72 1968 36.25  940.65 34.8 15 0  2,703.02 1969 36.45  1,017.62 36.7 16 0  2,772.79 1970 36.85  1,073.30 38.8 17 0  2,766.24 1971 37.05  1,164.85 40.5 18 0  2,876.17 1972 37.35  1,279.11 41.8 19 0  3,060.07 1973 37.15  1,425.38 44.4 20 0  3,210.31 1974 36.55  1,545.24 49.3 21 0  3,134.37 1975 37.05  1,684.90 53.8 22 0  3,131.79 1976 37.05  1,873.41 56.9 23 0  3,292.46 1977 37.35  2,081.83 60.6 24 0  3,435.36 1978 37.45  2,351.60 65.2 25 0  3,606.75 1979 37.75  2,627.33 72.6 26 0  3,618.92 1980 37.85  2,857.31 82.4 27 0  3,467.61 1981 38.45  3,207.04 90.9 28 1  3,528.10 1982 39.55  3,343.79 96.5 29 1  3,465.07 1983 40.05  3,634.04 99.6 30 1  3,648.63 1984 40.05  4,037.61 103.9 31 1  3,886.06 1985 40.55  4,338.98 107.6 32 1  4,032.51 1986 40.85  4,579.63 109.6 33 1  4,178.50 1987 41.05  4,855.22 113.6 34 1  4,273.96 1988 41.35  5,236.44 118.3 35 1  4,426.41 1989 41.95  5,641.58 124.0 36 1  4,549.66 1990 41.75  5,963.14 130.7 37 1  4,562.47 1991 41.75  6,158.13 136.2 38 1  4,521.39 1992 42.45  6,520.33 140.3 39 1  4,647.42 1993 43.6  6,858.56 144.5 40 1  4,746.41 1994 43.6  7,287.24 148.2 41 1  4,917.16 1995 43.3  7,639.75 152.4 42 1  5,012.96 1996 43.7  8,073.12 156.9 43 1  5,145.39 1997 44   8,577.55 160.5 44 1  5,344.27 1998 43.9  9,062.82 163.0 45 1  5,560.01 1999 44.1  9,630.66 166.6 46 1  5,780.71 2000 44.2  10,252.35 172.2 47 1  5,953.74 2001 44.6  10,581.82 177.1 48 1  5,975.05 2002 44.3  10,936.42 179.9 49 1  6,079.17 2003 44.5  11,458.25 184.0 50 1  6,227.31 2004 44.7  12,213.73 188.9 51 1  6,465.71 2005 45  13,036.64 195.3 52 1  6,675.19 2006 45.2  13,814.61 201.6 53 1  6,852.48 2007 44.4  14,451.86 207.342 54 1  6,970.06 2008 45  14,712.85 215.303 55 1  6,833.55 2009 45.6  14,448.93 214.537 56 1  6,734.94 2010 45.6  14,992.05 218.056 57 1  6,875.32 2011 46.3  15,542.58 224.939 58 1  6,909.69 2012 46.3  16,197.01 229.594 59 1  7,054.63 2013 45.9  16,784.85 232.957 60 1  7,205.13 2014 45.6  17,527.26 236.736 61 1  7,403.71                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law And The Legal Environment

Authors: Richard A Mann, Barry S Roberts

10th Edition

0324593562, 9780324593563

More Books

Students also viewed these Economics questions

Question

Define paraphrasing and reflecting.

Answered: 1 week ago

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago