Professional Documents
Culture Documents
Lecture 3
Lecture 3
Lecture 3
Example:
Year NGDP (in CPI (b=2005) RGDP (b=2005) RGDPGR
(Given year) billion pesos) (b=2005)
2005 500 100% 500 ------
2006 600 110 545.45 9.09%
2007 800 115 695.65 27.54%
2008 850 125 680 -2.25%
2009 1,000 127.5 784.31 15.34%
SRGDPGR 49.72%
Average 12.43%
RGDPGR
New CPI with New base year = [old CPI / new base yr CPI] x 100
CPI2005 (b=2006) = [100% / 110%] x 100 = 90.91%
CPI2006 (b=2006) = [110% / 110%] x 100 = 100%
CPI2007 (b=2006) = [115% / 110%] x 100 = 104.55%
CPI2008 (b=2006) = [125% / 110%] x 100 = 113.64%
CPI2009 (b=2006) = [127.5% / 110%] x 100 = 115.91%
Per Capita NGDP (PCNGNP) and Per Capita RGDP (PCRGDP),
Per capita is a Latin term that translates to "by head." Per capita means the average per
person and is often used in place of "per person" in statistical observances. The phrase can be
used for almost any kind of population description but is common when discussing economic
data (
https://www.investopedia.com. December 15, 2022).