文档介绍：判断GDP
Identify the immediate effect of each of the following circumstances on . GDP and its components.
a. James lator, but not the CPI. Changes in the price of domestically produced consumer goods are likely to affect the CPI more than the GDP deflator because it is likely that those goods make up a larger part of consumer budgets than of GDP.
Compute how much each of the following is worth in terms of today’s dollars using 177 as the price index for today.
a. In 1926 the CPI was and the price of a movie ticket was $
b. In 1932 the CPI was and a cook earned $ a week
c. In 1943 the CPI was and a gallon of gas cost $
ANSWER:
a. The movie ticket is worth $.25 x 177/ = $ in today’s dollars
b. the cooks weekly wage is worth $ x 177/ = $ in today’s dollars
c. the gallon of gas is worth $.19 x 177/ = $ in today’s dollars
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
Year Real GDP (1996 prices) population
1982 $4,915,600 million 233 million
2000 $9,243,800 million million
ANSWER: Income per person in 1982 was $4,915,600/233 = about $21,097. Income per person in 1999 was $9,243,800/ = about $32,606. Income per person grew by (32,606 – 21,097)/21,097 = about percent.
(生产函数)
What is a production function? Write an equation for a typical production function, and explain what each of the terms represents.
ANSWER: a production function is a mathematical representation of the relationship between the quantity of inputs used in production and the quantity of output from production. A typical production function could be written as Y = A F(L, K, H, N), where Y denotes the quantity of output, L the quantity of labor, K the quantity of physical capital, H the quantity of human capital, N the quantity of natural resources, and A is a variable that reflects the available product