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Please do the first one, the second one is correct 1 2 The velocity of circulation...
Please do the first one, the second one is
correct
1
2
The velocity of circulation is growing at 4percet a year, the real interest rate is 2percent a year, the nominal interest rate is 7 percent a year and the growsh rate of real GOP i 3 percent a year Calculate the inflation rate, the growth rate of money, and the growth rate of nominal GDP The inflation rate is 5 percent a year. The growth rate of money...
need explanations. 1) For this question, assume that 1980 is the base year. Given macroeconomic conditions...
need explanations.
1) For this question, assume that 1980 is the base year. Given macroeconomic conditions in the United States over the past three decades, we know that A) real GDP and nominal GDP were equal in 1980. B) nominal GDP is always smaller than real GDP since 1980. C) real GDP and nominal GDP would be equal for the entire period. D) real GDP is larger than nominal GDP from 2002 to 2008. E) none of the above 2)...
1 Base Year Fruit Apples Bananas 7,000 bunches Oranges Quantity Price $2 per bag $3 per...
1
Base Year Fruit Apples Bananas 7,000 bunches Oranges Quantity Price $2 per bag $3 per bunch $5 per bag 4,000 bags 7,000 bags Current Year Fruit Quantity Apples Bananas 15.000 bunches Oranges Price $3 per bag $2 per bunch $7 per bag 5,000 bags 28,000 bags Consider an economy that produces only three types of fruit: apples bananas, and oranges. In the base year (a few years ago), the production and price data are listed in the tables to...
1 23 You are given the following information about an economy: Gross private domestic investment 50...
1
23
You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
1. In years 1 and 2, there are 2 goods produced in a given economy, sausages...
1. In years 1 and 2, there are 2 goods produced in a given economy, sausages and pens. In year 1, 10,000 sausages are produced and sold at $2 each, and in year 2, 20,000 sausages are produced and sold at $2.10 each. In year 1, 15,000 pens are sold for $2 dollars each and in year 2, 48,000 pens are sold for $3 each a) Calculate nominal GDP in years 1 and 2. b) Calculate real GDP in years...
If money supply increased by 2%, real output increased by 1%, and prices increased by 1%,...
If money supply increased by 2%, real output increased by 1%, and prices increased by 1%, is money neutral? Why? 2. According to the quantity of money, if money stock is equal to 10 trillion euro, real GDP is 30 trillion euro, and price index is 1.2, what is V? 3. How do you interpret the number you calculated in the previous subquestion? 4. In your job interview for a consulting position with Chase Bank, you receive the following data...
1 and 2 please. Show steps please and thank you! *CPI from USA 1. A man...
1 and 2 please. Show steps please and thank you!
*CPI from USA
1. A man wishes to set aside some money for his daughter's college education. His goal is to have a bank savings account containing an amount equivalent to $20,000 in today's dollars at the girt's 18+ birthday. The estimated annual inflation rate is 3%. If the bank pays 5% compounded annually, what lump sum should he deposit on the child's 4th birthday? 2. Using the CPI index...
Relative price Relative price (1) Nominal output (2) Real output Price level Price level (3) Nominal...
Relative price Relative price (1) Nominal output (2) Real output Price level Price level (3) Nominal output Real output Which of the graphs correctly labels the axes of the AS-AD model? A) Graph (1) B) Graph (2) C) Graph (3) D) Graph (4) Question 60 (2 points) If a nation's annual real GDP growth rate is 2.5% we can expect real GDP to double in about -----years. Enter your answer as a whole number (answers ending in 0.5 or higher...
1. 2. 3. 4. a. When referring to GDP, which of the following is included in...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
2. A small open economy is described by the following equations: C=50+0.75(Y-T) 1- 200 20 NX-200-50...
2. A small open economy is described by the following equations: C=50+0.75(Y-T) 1- 200 20 NX-200-50 G- 200 T-200 M 3000 P-3 r' = 5 (a) Derive and graph the IS and LM* curves. (b) Calculate the equilibrium exchange rate, level of income, and net exports (c) Assume a floating exchange rate. Calculate what happens to the exchange rate, the level of income, net exports, and the money supply if the government increases spending by 50. Use a graph to...
Please do the first one, the second one is
correct
1
2
The velocity of circulation is growing at 4percet a year, the real interest rate is 2percent a year, the nominal interest rate is 7 percent a year and the growsh rate of real GOP i 3 percent a year Calculate the inflation rate, the growth rate of money, and the growth rate of nominal GDP The inflation rate is 5 percent a year. The growth rate of money...
need explanations.
1) For this question, assume that 1980 is the base year. Given macroeconomic conditions in the United States over the past three decades, we know that A) real GDP and nominal GDP were equal in 1980. B) nominal GDP is always smaller than real GDP since 1980. C) real GDP and nominal GDP would be equal for the entire period. D) real GDP is larger than nominal GDP from 2002 to 2008. E) none of the above 2)...
1
Base Year Fruit Apples Bananas 7,000 bunches Oranges Quantity Price $2 per bag $3 per bunch $5 per bag 4,000 bags 7,000 bags Current Year Fruit Quantity Apples Bananas 15.000 bunches Oranges Price $3 per bag $2 per bunch $7 per bag 5,000 bags 28,000 bags Consider an economy that produces only three types of fruit: apples bananas, and oranges. In the base year (a few years ago), the production and price data are listed in the tables to...
1
23
You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
1. In years 1 and 2, there are 2 goods produced in a given economy, sausages and pens. In year 1, 10,000 sausages are produced and sold at $2 each, and in year 2, 20,000 sausages are produced and sold at $2.10 each. In year 1, 15,000 pens are sold for $2 dollars each and in year 2, 48,000 pens are sold for $3 each a) Calculate nominal GDP in years 1 and 2. b) Calculate real GDP in years...
1 and 2 please. Show steps please and thank you!
*CPI from USA
1. A man wishes to set aside some money for his daughter's college education. His goal is to have a bank savings account containing an amount equivalent to $20,000 in today's dollars at the girt's 18+ birthday. The estimated annual inflation rate is 3%. If the bank pays 5% compounded annually, what lump sum should he deposit on the child's 4th birthday? 2. Using the CPI index...
Relative price Relative price (1) Nominal output (2) Real output Price level Price level (3) Nominal output Real output Which of the graphs correctly labels the axes of the AS-AD model? A) Graph (1) B) Graph (2) C) Graph (3) D) Graph (4) Question 60 (2 points) If a nation's annual real GDP growth rate is 2.5% we can expect real GDP to double in about -----years. Enter your answer as a whole number (answers ending in 0.5 or higher...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
2. A small open economy is described by the following equations: C=50+0.75(Y-T) 1- 200 20 NX-200-50 G- 200 T-200 M 3000 P-3 r' = 5 (a) Derive and graph the IS and LM* curves. (b) Calculate the equilibrium exchange rate, level of income, and net exports (c) Assume a floating exchange rate. Calculate what happens to the exchange rate, the level of income, net exports, and the money supply if the government increases spending by 50. Use a graph to...
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