Given the below information, find the nominal GDP for all four quarters. Find the price index for all four quarters. Find real GDP for all four quarters. Find the percent rate of change in real GDP from the first to the second quarter then from the second to the third quarter then from the third to the fourth quarter. Using real GDP from the third to the fourth quarter, state how long it will take for real GDP to double in size. Show all work and take all steps.    GDP    =              C     +       Ig       +         G      +        NX                                  Price Q1                       300          70                170               30                                     $4 Q2                       370          130              230               30                                     $5 Q3                       430          170              270               30                                     $6 Q4                       570          230              370               30                                     $7

Given the below information, find the nominal GDP for all four quarters. Find the price index for all four quarters. Find real GDP for all four quarters. Find the percent rate of change in real GDP from the first to the second quarter then from the second to the third quarter then from the third to the fourth quarter. Using real GDP from the third to the fourth quarter, state how long it will take for real GDP to double in size. Show all work and take all steps. 

 

GDP    =              C     +       Ig       +         G      +        NX                                  Price

Q1                       300          70                170               30                                     $4

Q2                       370          130              230               30                                     $5

Q3                       430          170              270               30                                     $6

Q4                       570          230              370               30                                     $7

 
 
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