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Panuto: Sa sagutang papel ay isulat ang table at kompyutin ang Price Index at Real GNP sa bawat taon. Isulat ang computation sa ibaba ng table. Taon Nominal GNP Price Index Real GNP 2006 10,500 2007 11,208 2008 12,223 2009 13,505 2010 14,622
Panuto: Sa sagutang papel ay isulat ang table at kompyutin ang Price Index at Real GNP sa bawat taon. Isulat ang computation sa ibaba ng table. Taon Nominal GNP Price Index Real GNP 2006 10,500 2007 11,208 2008 12,223 2009 13,505 2010 14,622
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Using the given information, you can compute for the Price Index and Real GNP for each year using the following steps:
For 2006, the base year, the Price Index is 100 and the Real GNP is 10,500.
For 2007, the Price Index is (11,208 / Real GNP for 2007) x 100. To solve for the Real GNP, you can rearrange the formula as Real GNP for 2007 = (11,208 / Price Index for 2007) x 100. Assuming that the Price Index for 2007 is 105, then the Real GNP for 2007 is (11,208 / 105) x 100 = 10,674.29.
For 2008, the Price Index is (12,223 / Real GNP for 2008) x 100. To solve for the Real GNP, rearrange the formula as Real GNP for 2008 = (12,223 / Price Index for 2008) x 100. Assuming that the Price Index for 2008 is 110, then the Real GNP for 2008 is (12,223 / 110) x 100 = 11,111.82.
For 2009, the Price Index is (13,505 / Real GNP for 2009) x 100. To solve for the Real GNP, rearrange the formula as Real GNP for 2009 = (13,505 / Price Index for 2009) x 100. Assuming that the Price Index for 2009 is 115, then the Real GNP for 2009 is (13,505 / 115) x 100 = 11,756.52.
For 2010, the Price Index is (14,622 / Real GNP for 2010) x 100. To solve for the Real GNP, rearrange the formula as Real GNP for 2010 = (14,622 / Price Index for 2010) x 100. Assuming that the Price Index for 2010 is 120, then the Real GNP for 2010 is (14,622 / 120) x 100 = 12,185.00.