6. Consider the following data on U

6. Consider the following data on U.S. GDP:
Nominal GDP GDP Deflator
Year (in billions of dollars) (base year 2005)
2009 14,256 109.8
1999 9,353 86.8
a. What was the growth rate of nominal GDP
between 1999 and 2009? (Hint: The growth
rate of a variable X over a N-year period is
calculated as 100 × [(Xfinal/Xinitial)
1/N – 1].)
b. What was the growth rate of the GDP
deflator between 1999 and 2009?
c. What was real GDP in 1999 measured in 2005
prices?
d. What was real GDP in 2009 measured in 2005
prices?
e. What was the growth rate of real GDP
between 1999 and 2009?
f. Was the growth rate of nominal GDP higher
or lower than the growth rate of real GDP?
Explain.
7. Revised estimates of U.S. GDP are usually
released by the government near the end of
each month. Find a newspaper article that
reports on the most recent release, or read the
news release yourself at http://www.bea.gov,
the website of the U.S. Bureau of Economic
Analysis. Discuss the recent changes in real and
nominal GDP and in the components of GDP.
8. A farmer grows wheat, which he sells to a
miller for $100. The miller turns the wheat into
flour, which he sells to a baker for $150. The
baker turns the wheat into bread, which he
sells to consumers for $180. Consumers eat the
bread.
a. What is GDP in this economy? Explain.
b. Value added is defined as the value of a
producer’s output minus the value of the
intermediate goods that the producer buys
to make the output. Assuming there are no
intermediate goods beyond those described
above, calculate the value added of each of
the three producers.
c. What is total value added of the three producers
in this economy? How does it compare to the
economy’s GDP? Does this example suggest
another way of calculating GDP?
9. Goods and services that are not sold in markets,
such as food produced and consumed at home,
are generally not included in GDP. Can you
think of how this might cause the numbers in
the second column of Table 3 to be misleading
in a comparison of the economic well-being of
the United States and India? Explain.
10. The participation of women in the U.S. labor
force has risen dramatically since 1970.
a. How do you think this rise affected GDP?
b. Now imagine a measure of well-being that
includes time spent working in the home and
taking leisure. How would the change in this
measure of well-being compare to the change
in GDP?
c. Can you think of other aspects of well-being
that are associated with the rise in women’s
labor-force participation? Would it be
practical to construct a measure of well-being
that includes these aspects?
11. One day, Barry the Barber, Inc., collects $400
for haircuts. Over this day, his equipment
depreciates in value by $50. Of the remaining
$350, Barry sends $30 to the government in sales
taxes, takes home $220 in wages, and retains
$100 in his business to add new equipment in
the future. From the $220 that Barry takes home,
he pays $70 in income taxes. Based on this
information, compute Barry’s contribution to
the following measures of income.
a. gross domestic product
b. net national product
c. national income
d. personal income
e. disposable personal income
For further information on topics in this chapter,
additional problems, applications, examples, online
quizzes, and more, please visit our website at www
.cengage.com/economics/mankiw.

Kết quả (Việt) 1:

6. Consider the following data on US GDP: GDP Nominal GDP Deflator Year (in billions of dollars) (basis 2005) 109.8 14.256 2009 9.353 1999 86.8 a. the growth rate of nominal GDP is anything from 1999 to 2009? (Hint: the growth rate of a variable X in a period of year N calculated as 100 × [(Xfinal / Xinitial) 1 / N- 1].) Birth rate of GDP growth is what deflator from 1999 to 2009? c. Real GDP in 1999 measured in 2005 is what price? take what is real GDP in 2009 is measured in 2005 prices? e. what is the growth rate of real GDP from 1999 to 2009? f. the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain. 7. US GDP revised estimates are usually issued by the government near the end of each month. Found an article in the most recent report released, or read the news release in http://www.bea.gov itself, Site US Department of Economic Analysis. Discussion of recent changes in the actual and nominal GDP and in the composition of GDP. 8. a farmers grow wheat, he sold to a miller for $ 100. Miller turning wheat into flour, which he sold to a baker for $ 150. The Baker turning wheat into bread, which he sold to consumers for $ 180 . Consumers eat the bread. a. what is the GDP in this economy? Explain. Birth of value added is defined as the value of a manufacturer's production minus the value of the sale of products that manufacturers buy to make output. Assuming no product sales beyond those described above, calculate the added value of each of the three manufacturers. c. What is all the value added of the three manufacturers in this economy? How does it compare with the GDP of the economy? This example suggest a calculating GDP? 9. goods and services sold in the market, such as food production and consumption at home, are generally not included in GDP. You can Think about how this can cause the figure in the second column of Table 3 to misleading in a comparison of the economic welfare of the United States and India? Explain. 10. the participation of women in the US labor force has increased significantly since 1970. a. how do you think this increase affect GDP? born now imagine a good measure is that include time spent working in home and leisure participation. How changed here The sensible approach is compared with the change in GDP? c. Can you think about aspects of welfare that are associated with the increase of female labor force participation? It would be practical to construct a measure of happiness that includes aspects? 11. one day, Barry salon, Inc., collected $ 400 for hair styles. In this day, his equipment depreciates in value of $ 50. The remaining $ 350, Barry sent $ 30 to the government in business taxes, homeless $ 220 in wages, and retain $ 100 of their own business to add new devices in the future. From $ 220 Barry that took home, he pays $ 70 of income tax. Based on this information, the calculation of Barry contributed to the following measures of income. a. Overall domestic product national network product born c. income countries lost personal income e. Disposable personal income For more information about the topics in this chapter, add issues, applications, eg, online quizzes, and more, please visit our website at www .cengage.com / Economics / Mankiw.

Kết quả (Việt) 2:

6. Consider the following data on US GDP:
nominal GDP GDP deflator
year (billions of dollars) (base year 2005)
2,009 14 256 109.8
1999 9353 86.8
a. The growth rate of nominal GDP What is
between 1999 and 2009? (Hint: The growth
rate of a variable X in N-years period is
calculated as 100 × [(Xfinal / Xinitial)
1 / N - 1].)
B. Article What is the growth rate of the GDP
deflator between 1999 and 2009?
C. measured in 1999 real GDP in 2005 is what
price?
D. real GDP in 2009 measured in 2005 is what
price?
E. What is the growth rate of real GDP
from 1999 to 2009?
F. As the growth rate of nominal GDP higher
or lower than the growth rate of real GDP?
Explain.
7. Mathematics adjust US GDP is usually
issued by the government near the end of
each month. Find an article that
reports on the most recent release, or read the
news release yourself at http: //www.bea. gov,
the US Bureau website of economic
analysis. Discussion of recent changes in the actual and
nominal GDP and in the composition of GDP.
8. A wheat farmer, which he sold to a
mill for $ 100. The gristmill turned into
flour, which he sold to a baker for $ 150. The
baker turned wheat into bread, which he
sold to consumers for $ 180 $. Consumers eat
bread.
A. GDP in this economy is what? Explain.
B. Value added is defined as the value of a
manufacturer's production minus the value of
goods middleware that manufacturers buy
to make the output. Assuming no
intermediate goods beyond those described
above, the value added of each of
the three manufacturers.
C. The total value increase More of What are three manufacturers
in this economy? How compared to
the GDP of the economy? Having this example shows
another way to calculate GDP?
9. Goods and services not sold in the market,
such as food production and consumption at home,
are generally not included in GDP. You may
think how this could cause the numbers in
the second column of Table 3 to cause confusion
in a comparison of the economic welfare of
the United States and India? Explain.
10. The participation of women in the US labor
force has increased significantly since 1970.
a. How to you think this increase affected the GDP?
B. Now imagine a measure of happiness that
includes time working in the home and
recreational use. How will this change
measure of happiness than with changes
in GDP?
C. You can think about other aspects of well-being
associated with the increase of female
labor force participation? It would be
practical to construct a measure of happy
that includes these aspects?
11. One day, Barry the Barber, Inc., collected $ 400
for the hairstyles. In this day, their equipment
depreciation in value of $ 50. Of the remaining to
$ 350, Barry sends $ 30 to the government in sales
taxes, took home $ 220 in wages, and retain
$ 100 of your business to add new equipment in
the future. From 220 $ but Barry took home,
he paid $ 70 of income tax. Based on this
information, calculate the contribution of Barry to
the following measures of income.
A total domestic product
b. net product National
c. national income
d. personal income
e. personal income disposable
For more information about the topics in this chapter,
additional issues, applications, eg online
puzzles, and more, please visit our website at www
.cengage.com / economic / Mankiw.