In this instance survey we look at some informations of Mangoland GDP. The assorted points listed have been taken from a more general tabular array presented in the CSO publication Economics Trends. it must be emphasized that all constituents points are evaluated in changeless monetary value footings. Therefore one of the exercisings will be to cipher some “real” growing rates for the Mangoland. Other utilizations of such informations are for construing past events and calculating 1s. Theses issues will organize the subjects of Question 2 and 3.

Questions:
1. Calculate the economic growing rate for the last old ages. This is derived in per centum footings by taking each twelvemonth individually. Using the undermentioned expression: GDP of twelvemonth to be measured ( e. g. 2005 ) –GDP of old twelvemonth ( e. g. 2004 ) * 100 GDP of old twelvemonth

2. Try and account for the economic downswing since 2004.
3. Propose what the Mangoland GDP may be in 2015 and give economic grounds for you estimate.

Year| Nominal GDP| Real GDP| GDP Deflator|
| ? Billion| ? Billion| |
2000| 149| 275| |
2001| 172| 283| |
2002| 200| 276| |
2003| 218| 273| |
2004| 237| 278| |
2005| 260| 289| |
2006| 279| 294| |
2007| 305| 305| |
2008| 322| 314| |
2009| 352| 327| |
Q: 2 work out the implied GDP deflator for each twelvemonth in the undermentioned tabular array











We Will Write a Custom Essay Specifically
For You For Only $13.90/page!


order now

Q: 6 What is the basal twelvemonth: _____________________
Q: 7 by what % age has the existent end product risen between
a ) 2000 and 2004: ______________
B ) 2000 and 2007: ______________
degree Celsius ) 2007 and 2009: ______________



x

Hi!
I'm Niki!

Would you like to get a custom essay? How about receiving a customized one?

Check it out