In 2012,consumers in Saskatchewan Spent $40,851 Million,total Investment Was $18,873

question 83

Essay

In 2012,consumers in Saskatchewan spent $40,851 million,total investment was $18,873 million,changes in inventory were $186 million,government purchase of goods and services was $2,220 million,exports were $39,249 million,and imports were $41,799 million.All figures are in 2007 dollars.
a.Calculate 2012 real GDP (in 2007 dollars).
b.Nominal GDP in 2012 was $77,929.What was the GDP deflator in 2012?
c.In 2011,real GDP was $58,184 million and the GDP deflator was 126.2.What were the growth rate and inflation rate in 2012?
d.Given a total population of 1.11 million,what was per capita GDP in Saskatchewan in 2012?

---

Definitions:

Social Entity

An organization or system that exists within a society and influences it.

Relationships

The manner by which two or more ideas, items, or individuals are linked, or the condition of being linked.

Notes from Underground

A novella by Fyodor Dostoevsky that presents a deep psychological insight into the thoughts and motivations of a disillusioned, isolated protagonist.

Whim

An impulsive or capricious notion or action, based on sudden desires rather than careful thought.