a) Calculate GDP Deflator of 2009.b) Calculate the Growth rate of real GDP of 2009.c) What can you conclude from your answer to part a.d) What can you conclude from your answer to part b. Please answer all and answer must be correct. Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food andclothing only. The table below shows the hypothetical results.Price/unit (2009)Price/unit (2008)Tk. 20ItemFoodQty (2009)Qty (2008)Tk. 5100400ClothesTk. 100Tk. 40020AluminumBase year: 2008Tk. 2002Tk. 8008Question|a) Calculate the CPI of 2009.b) Calculate the inflation rate of 2009.c) If your salary in 2008 and 2009 was same, comment on your standard of living in these two years.d) If the bank interest rate was 9% in 2009, what was the real interest rate in 2009?

Real Gross Domestic Product (Real GDP) is the calculation of the total output produced in an economy…

Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Qty (2009) Price/unit (2008) Tk. 20 Qty (2008) Tk. 5 100 400 Clothes Tk. 100 5 Tk. 400 20 Tk. 200 Tk. 800 Aluminum Base year: 2008 8

Imagine that a hypothetical economy produces three items food, clothes and Aluminum and a typical consumer buys food and clothing only. The table below shows the hypothetical results. Item Food Price/unit (2009) Qty (2009) Price/unit (2008) Tk. 20 Qty (2008) Tk. 5 100 400 Clothes Tk. 100 5 Tk. 400 20 Tk. 200 Tk. 800 Aluminum Base year: 2008 8

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphs To Economics

Problem 2SQP

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