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(Use Table 1) What is the GDP deflator in 2012? Table 1 Footballs Hamburgers Year P Q P Q 2010 (base year) $10 20 $4
(Use Table 1) What is the GDP deflator in 2012? Table 1 Footballs Hamburgers Year P Q P Q 2010 (base year) $10 20 $4 50 :2011 $12 25 $5 75 2012 $15 30 $6 100 1) 100.0 ( 2) 122.7 3) who gives a rip. 4) 150.0(Use Graph A) What type of curve is curve 3? Graph A 4 Price Level b a 2 3 1 Real GDP O 1) Short-Run Aggregate Supply O 2) Intermediate Aggregate Demand ( 3) Aggregate Demand ( 4) Long-Run Aggregate Supply(Use Graph A) What type of curve is curve 1? Graph A 4 Price Level b a 2 3 1 Real GDP ( 1) Short-Run Aggregate Supply ( 2) Intermediate Aggregate Demand 3) Aggregate Demand ( 4) Long-Run Aggregate Supply(Use Table 1) What is the CPI in 1995? Table 1 Basket: {7 cokes, 12 hotdogs) Price of Price of Year Coke Hotdogs 1990 (base year) $0.50 $1.00 1995 $0.75 $1.50 2000 $1.00 $2.00 1) 100.0 O 2) 200.0 3) 150.0 4) 112.6(Use Table 1) What was the CPI inflation rate from 1995 to 2000? Table 1 Basket: {7 cokes, 12 hotdogs) Price of Price of Year Coke Hotdogs 1990 (base year) $0.50 $1.00 1995 $0.75 $1.50 2000 $1.00 $2.00 ( 1) 33.3% O 2) 16.1% 3) 100.0% ( 4) 68.8%If a deposit of $500 could in theory create a maximum of $4,500, then the R must be ( 1) 20% 2) 10%. ( 3) 25% ( 4) 5%
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