All Questions
Tagged with gdp mathematical-economics
9 questions
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Can global real GDP be calculated using nominal GDP and inflation rate? If so what is the error?
I am attempting to calculate (in R) the global real GDP using what I assume is the nominal GDP from the World Bank and what I can only identify as the inflation rate, also from the World bank.
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Finding the equilibrium interest rate
Let's say there are only two countries in the entire world, Argentina and Chile, and there is free trade between them. The aggregated investments in both countries are $I^A$ and $I^C$ that are both ...
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0
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How do I rebase this NDP per capita data?
So i got two different data sets that I want to put together, one is from 2004-05 to 2014-15 with the base year 2004-05 and the other one is 2011-12 to 2021-22 with base year 2011-12. I have also ...
- 11
2
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Economic interpretation: IS curve contra GDP in equilibrium
I have in a problem shown that for the IS curve (Y) contra the GDP in equilibrium ($Y^*$) it applies that: $\frac{\partial Y}{\partial G}>\frac{\partial Y^*}{\partial G}$. Where G is public ...
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Dimensional analysis of GDP
The GDP is sometimes given by
$$
GDP=P\cdot h\cdot e \cdot F
$$
Where $P$ is the Productivity, $h$ is the number of hours worked, $e$ is the employment rate and $F$ is the size of the labor force.
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What would the determinant of the input-output matrix represent? What is the intuition?
I know that the determinant of a 2x2 matrix represents the oriented area of the parallelogram represented by the vectors in the matrix. For 3x3 or higher order matrix it represents the oriented volume....
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2
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1
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67
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Applying real growth rate to nominal value
What happens if one applies a real GDP growth rate to a nominal GDP value? The result can't be a GDP figure in constant prices, since that would imply applying a real GDP growth rate to constant GDP ...
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Calculating rate of growth of per capita income
Given this question:
National income is increasing by 1.5% a year and population by 2.5% a year. What is the rate of growth of per capita income?
Attempt:
Since per capita income is GDP/ ...
- 233
3
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Test Series for Stationary Process
I want to apply grangers' Test between GSDP and Electricity production in the state. The state is a newly formed in the year 2000 and hence I have only 13 data points, as mentioned below
Year | ...
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