A. We have the following data: 2000 2001 2004 2007 Nominal GDP 1441,4 1497.2 1660.2 (1892.2 GDP deflator (base year 2000

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A. We have the following data: 2000 2001 2004 2007 Nominal GDP 1441,4 1497.2 1660.2 (1892.2 GDP deflator (base year 2000

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A We Have The Following Data 2000 2001 2004 2007 Nominal Gdp 1441 4 1497 2 1660 2 1892 2 Gdp Deflator Base Year 2000 1
A We Have The Following Data 2000 2001 2004 2007 Nominal Gdp 1441 4 1497 2 1660 2 1892 2 Gdp Deflator Base Year 2000 1 (78.83 KiB) Viewed 34 times
A. We have the following data: 2000 2001 2004 2007 Nominal GDP 1441,4 1497.2 1660.2 (1892.2 GDP deflator (base year 2000) 100 108,1 115,8 Real GDP in billions 1467,8 1) Complete the table. 2) What is the inflation rate in 2004 and in 2007? B. Suppose that money supply this year is S500 billion, nominal CDP is 10 trillion, and real CDP is S5 trillion. a. What is the price level? What is the velocity of money? b. Suppose that velocity is constant and the economy's output of goods and services rises by 5 percent each year. What will happen to nominal GDP and the price level next year if the central bank 5 keeps the money supply constant?
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