Which of the following economic variables is a stock variable? A) Nominal GDP B) Government Debt C) Capital Investment D) All are stock variables
Which of the following economic variables is a stock variable? A) Nominal GDP B) Government Debt...
% Exercise 1.3 Relate the following fow variables to corresponding stock variable: Stock variables Flow variable variable Investment 1. (Owner's) Equity 2. Debt 3 Inventory 4 Wealth Capital stock Deficit spending Quantity supplied produced)
Which of the following is most likely to contribute to economic growth as measured by GDP per capita A. Rapid population growth B. Increased stock of physical capital C. Business cycles peaks The point of a fluctuation at which economy turns from a trough to a peak is called a/an___ A. Recession B. Peak C. Expansion According to growth accounting studies, the most important in economic growth is A. Technology. B. Education. C. Investment in physical capital.
Go to BEA.gov and in the U.S. Economic Accounts find Table 1.1.5 (nominal GDP) and Table 1.1.6 (real GDP) and download them for the period 1960 to the latest available year in annual frequency (yearly). In Excel plot line 1 of both tables within a single graph. Where do they cross? Explain what is the relationship between real and nominal GDP before and after the crossing point? Why? (25 points) In Excel, using the formula “=ln( )” take the natural...
All of the following are flow variables except: (a) consumer's monthly savings (b) the quarterly government budget deficit (c) the annual investment (d) the amount of capital in the economy
the percentage change in real GDP the percentage change in nominal investment the percentage change in real investment not all economic activities are reported to the government. O people are not always paid as much as they are worth. 120 125 116 125 19%
The distinction between real GDP and nominal GDP is important to determine which of the following? he growth in the government sector. The change in real output produced The change in real GDP per person
Which of these is the most ideal measure of aggregate output? a. nominal GDP b. real GDP c. gross national product d. personal income e. disposable income How is GDP calculated? a. by subtracting the value of all goods and services produced by the government and the value of those produced by the private sector b. by measuring the economy's price level during a particular year c. by adding up the quantity of all goods...
Circle any of the following variables that can be influenced by the monetary system: nominal GDP, real GDP, unemployment, nominal interest rate, real interest rate.
Circle any of the following variables that can be influenced by the monetary system: nominal GDP, real GDP, unemployment, nominal interest rate, real interest rate. (3 points)
7. Which of the following statements is (are) correct? (x) Suppose government debt equaled zero until three years ago. In the last three years government had a budget deficit of $80 billion in each of the first two years and a budget surplus of $70 billion in the last year. At the end of the last year, the government had debt of $90 billion. (y) When the U.S. government is in debt, it follows that they have a deficit for...