رد: مهم اسئلة اقتصاد كلي حتجي في الاختبار
Table 2: Shows some data for an economy. If the base year is 2006, calculate the economy's nominal GDP and real GDP in both 2006 and 2008.
Answers:
(a) In 2006
Item Quantity
(Units) Price Nominal GDP Real GDP
Apples 60 $ 0.50 60×0.50=30 60×0.50=30
Oranges 80 $ 0.25 80×0.25=20 80×0.25=20
$50 $ 50
the same
(b)In 2008
Item Quantity
(Units) Price Nominal GDP Real GDP
Base year is 2006 (i.e. quantity x price of base year)
Apples 160 $ 1.00 160×1.00=160 160×0.50=80
Oranges 220 $ 2.00 220×2.00= 440 220×0.25= 55
$600 $135
1. Compare The nominal GDP in 2008 and the nominal GDP in 2006:
a. The nominal GDP in 2008 increased (600÷50= 12) 12 times the nominal GDP in 2006.
b. The nominal GDP in 2008 increased by (600-50=550) $ 550 more than the nominal GDP in 2006.
2. Compare the real GDP in 2008 and the real GDP in 2006:
a. The real GDP in 2008 increased (135÷50= 2.7) 2.7 times the real GDP in 2006.
b. The real GDP in 2008 increased by (135-50=85) $ 85 more than the real GDP in 2006.
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