ECN 1B Study Guide - Winter 2019, Comprehensive Midterm Notes - Zimbabwe, Welfare, Types Of Tennis Match

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Published on 14 Feb 2019
School
UC-Davis
Department
Economics
Course
ECN 1B
ECN 1B
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EUN 001 B-All
Matthew Boonton
Winter Quarter 2019
Prof .Nicolas Caramp
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Discussion I
Real and nominal GDP
B20l6
¥:* .io/...l
002o5
Find Nominal GDP of 2014
Real GDP of 2015
GDP deflator of 2016
Nominal GDP of 2014 =(30×900)+(100×192)
=$46200
Real GDP of 2015 =(30×1000) t400 x200 )
=$50 000
Nominal GDP of 2016 I(36×1050) tGOO a205 )
$58300
Real GDP of 2016 =(30×1050) t(100×205)
=$52000
GDP deflator =Y%mnalgp6pDP_ xioo =FI%ox too
=112 .I
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Farmers sell 5- lb of product for $10 to Smith .
Smith sell 3lb of pro dud for $4.51 lb ,and
$8 of the canned and shelled product .What is the GDP
added ?
GDP added I614,5×3 )t$8
$21.5
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