Question: Question 3. (i) Consider Nominal GDP data: If the base year is 2009 and if the basket of goods in 2009 is $ 13,939 billion

Question 3. (i) Consider Nominal GDP data: If the base year is 2009 and if the basket of goods in 2009 is $ 13,939 billion and Nominal GDP in 2010 is $14,527 then the GDP deflator index is closest to a. 104 b. 96 because: c. Cannot be determined (ii) Suppose you bought a second-hand book at the college bookstore for $25. Suppose too that the store had bought the book from another student for $15. then a. $25 is added to GDP because you are the final user b. $25 is not added to GDP even though you are the final user c. $15 is added to GDP d. d. $ 10 is added to GDP iii) Please read the article entitled," Outsourcing And Economic Growth" at the end of Ch 8 handout (posted Module). Is the author more of a Keynesian or does he reflect more of a Neo Classical view? Give one reason from the reading as evidence. I believe he is more of a because
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
