trillion Archives - Essay Quoll

Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year.

Posted on February 11, 2023 by Assessments

1.Suppose people consume 3 different goods. The following table shows the prices and quantities of each good consumed in 2019, 2020, and 2021. a.Calculate nominal GDP in each of the three years. b.Calculate Real GDP in each of the three years, using 2019 as the base year. c.Calculate the rate of inflation for 2020 and […]

Calculate the rate of inflation for 2020 and 2021 using the GDP deflator as your price index. Assume that 2019 is still the base year.

Posted on January 23, 2023 by Assessments

Year Price of Pizza Quantity of Pizza Price of Burger Quantity of Burger Price of coffee Quantity of Coffee 2019 $ 8 350 $ 10 200 $ 8 150 2020 $ 10 500 $ 12 250 $ 10 250 2021 $ 13 700 $ 14 400 $ 15 400 1.Suppose people consume 3 different goods. […]

In your opinion, is the debt a problem? Explain. Can/should the government keep spending money and adding to the debt? How can the government pay for all of these policies without raising the debt?

Posted on September 4, 2020 by Ambrose

Currently the U.S. National debt is around $27 trillion dollars, see the US Debt Clock (Links to an external site.). Most of this debt was incurred under our last three presidents, W. Bush ($5 Trillion) , Obama ($9 trillion), and Trump ($6 trillion). That means that in the last 20 years (likely your lifetime), $20 […]