Question: Using the previous table as completed in Problem 2.2, verify that each of the four national-income-accounting identities holds in 2000 (in current dollars). Problem 2.4.

Using the previous table as completed in Problem 2.2, verify that each of the four national-income-accounting identities holds in 2000 (in current dollars).

Problem 2.4.

(a) Compute the average growth rate of real GDP between 1996 and 2000.

(b) GDP in 1999 in current dollars was NZ$107,403 million and in 1995 dollars was NZ$103,621 million. What was the annual rate of growth of real GDP in 2000?

(c) What is the average rate of inflation between 1996 and 2000?

(d) What is the annual rate of inflation in 1996?

(e) What is the per capita income in 2000 current dollars? (Be careful with units; express results in NZ$/head.)

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