Hey guys I really need help with these easy problems. Please help
- Identify which of the following would be included in GDP. Explain:
- The time a stay-at-home parent spends taking care of children
- Tires bought at a mechanic’s shop
- A used car
- A brand new mattress
- Mr. Hall’s time spent teaching
- Use the information below to calculate GDP for Hall-Land in 2013
Suppose Hall-Land has a population of 2,476. What is the GDP per capita rounded to the second decimal place?
- Use the information in the table from question 2 and the table below to calculate the GDP Growth Rate for Hall-Land in 2014
- Use the information in the tables from questions 2 and 3 to answer the following:
- What is the Real GDP2014 in 2013 dollars?
- Calculate the GDP deflator.
What is the Real GDP Growth Rate2014?
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