Table 19-14 -Refer to Table 19-14.Consider the Data Above for a Simple

question 113

Essay

Table 19-14

-Refer to Table 19-14.Consider the data above for a simple economy: Using 2005 as the base year,calculate nominal GDP,real GDP,and the GDP deflator for 2011.Show your work.

---

Definitions:

Stock Dividends

A distribution of additional shares of a company's stock to its shareholders instead of cash.

Par Value

The nominal or face value of a stock or bond as stated by the issuer, often used in the legal capital of a company.

Paid-in Capital

The amount of capital provided by shareholders in exchange for stock, representing the funds raised by issuing shares above the par value.

Treasury Stock

Stocks that have been distributed and subsequently bought back by the issuing corporation, diminishing the number of shares available for trading on the public market.