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Home : Other Subjects : Economics Study Guides : Macroeconomics : Measuring the Economy 1 : Problems
Problems
Problem 1.1:
Calculate the nominal GDP for Country C in year 2.
[Solution]
Figure K.1: Goods and Services Produced in Country C
Problem 1.2:
Using figure 11.2, calculate the real GDP for Country C in year
2, using year 1 as the base year.
[Solution]
Problem 1.3:
Using figure 11.2, calculate the GNP for Country C in year 3 if
candy is produced by foreigners.
[Solution]Problem 1.4:
Using figure 11.2, calculate the GDP deflator for year 2 using
year 1 as the base year.
[Solution]
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