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alexanderwang · 2024年11月03日

这道题为什么不是inflation和gdp一起看

NO.PZ2023040601000063

问题如下:

Carlisle proposes three countries to look for investment opportunities. Selected data on the three countries are presented in Exhibit 1.


Based on the data in Exhibit 1, current real short-term interest rates would most likely be highest in:

选项:

A.

Country #1.

B.

Country #2.

C.

Country #3

解释:

Real short-term interest rates are positively related to both real GDP growth and the volatility of real GDP growth. Country #1 and Country #2 have the highest real GDP growth, as estimated by the difference between nominal GDP growth and average inflation (6.5% – 4.0% = 2.5% and 5.0% – 2.5% = 2.5%, respectively), while Country #3 has the lowest real GDP growth (3.5% – 2.0% = 1.5%). Looking at the volatility of real GDP growth, Country #2 has high real GDP growth volatility, whereas Country #1 and Country #3 have low real GDP growth volatility. Therefore, Country #2 would most likely have the highest real short-term interest rates.

按照公式,inflation和gdp是在rf的基础上相加的,是不是可以把这两者数字加起来,比较谁最大。

那么答案应该是第一个

alexanderwang · 2024年11月03日

而且,volatility只是说的low和high,并没有数值,那么gdp和inflation,以及volatility综合来看谁更大,其实不好说

1 个答案

品职助教_七七 · 2024年11月04日

嗨,从没放弃的小努力你好:


判断real interest rates应该看real GDP growth。real GDP growth=nominal GDP growth - inflation。不是相加。

volatility高的地方real interest rates也高,不需要具体的数值。

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