Question: 9. (LO 4) The data in Table 3.14 show the total output (a mixture of consumer, capital, and government services) and the prices of each
9. (LO 4) The data in Table 3.14 show the total output (a mixture of consumer, capital, and government services)
and the prices of each product for the distant country of Vindaloo. All figures are in billions of dollars, and the base year is 2013.
a) Complete the table, and answer the questions that follow (to one decimal place).
b) What is the value of nominal GDP? 2014: $
2015: $
c) What is the value of real GDP? 2014: $ 2015:
$
d) What is the annual growth rate of nominal GDP? 2014:
2015:
e) What is the annual growth rate of real GDP? 2014:
2015:
Suppose that the population in Vindaloo is as shown in Table 3.15.
f) What is the real GDP per capita? 2013: $
2014: $ 2015: $
g) What is the growth rate in real GDP per capita?
2014: % 2015: %
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