NGDP RGDP 2000 10,284.8 12,559.7 2001 10,621.8 12,682.2 2002 10,977.5 2,908.8 13

Question

NGDP RGDP 2000 10,284.8 12,559.7 2001 10,621.8 12,682.2 2002 10,977.5 2,908.8 13,271.1 3,773.5 14,234.2 2003 11,510.7 2004 2,274.9 2005 13,093.7 2006 13,855.9 14,613.8 14,477.6 14,718.6 14,418.7 4,964.4 2007 14,873.7 14,830.4 114.4187 2008 2009 2010 14,783.8 15,020.6 15,354.6 5,517.9 16,155.3 16,663.2 17,348.1 17,942.9 2011 2012 2013 15,583.3 5,961.7 16,345.0 2014 2015 Source: Bureau of Economic Analysis Calculate the annual growth rate of NGDP and RGDP in 2001 Calculate the annual growth rate of NGDP and RGDP in 2009 The annual growth rate of NGDP in 2009 was than in 2001, while the annual growth rate of RGDP in 2009 was than in 2001 larger, larger smaller; smaller

Explanation / Answer

annual growth rate of NGDP in 2001=(10621.8/10284.8)-1=3.28%

annual growth rate of RGDP in 2001=(12682.2/12559.7)-1=0.98%

annual growth rate of NGDP in 2009=(14418.7/14718.6)-1=-2.04%

annual growth rate of RGDP in 2009=(14418.7/14830.4)-1=-2.78%

2) Smaller for first blank

smaller for second blank

the above are the answers

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