- Which of these goods enter into the GDP calculation? If they do, what component (C, I, G, NX)?
|
Category |
GDP (Y/N) |
Component |
|
New Textbook |
|
|
|
Shirt bought from Goodwill |
|
|
|
Barley used by a microbrew |
|
|
|
Going to Disneyland |
|
|
|
Buying a newly build cabin |
|
|
|
Selling a new Honda |
|
|
|
Navy building a new ship |
|
|
- Calculate the following: Using Year 1 as the base year, calculate nominal GDP, real GDP, and i
inflation from the following:
|
Year |
Price of X |
Qty of X |
Price of Y |
Qty of Y |
|
Year 1 |
$3.11 |
122 |
$1.52 |
144.00 |
|
Year 2 |
$3.97 |
91 |
$2.90 |
83.00 |
|
Year 3 |
$5.52 |
130 |
$4.54 |
140.00 |
|
Year 4 |
$2.39 |
148 |
$1.52 |
54.00 |
|
Year 5 |
$1.15 |
76 |
$2.86 |
116.00 |
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