Homework Answers
Ans. 11. C. Imposing stricter regulations to limit foreign direct investments. - This would hinder long term economic growth.
12. D. Real output and prices rose - Both the real output and prices rose from 2011 to 2012.
13. C. Minimum wage laws are major cause of natural Unemployment.
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Question 11-13
Question 11 All of the following policies are ways for a country to promote...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in 2014 and reported a GDP deflator of 85 in 2015 and 100 in 2014. What happened to real output and prices from 2014 to 2015? a. Real output and prices both rose. b. Real output fell and prices rose. c. Real output rose and prices fell. d. Real output and prices both fell. 14. A country reported a nominal GDP of $85 billion in...
A country reported nominal GDP of $105 billion in 2018 and $85 billion in 2017. It...
A country reported nominal GDP of $105 billion in 2018 and $85 billion in 2017. It also reported a GDP deflator of 130 in 2018 and 125 in 2017. Between 2017 and 2018, real output and the price level both rose. real output rose and the price level fell. real output fell and the price level rose. real output and the price level both fell.
please help me to answer all quations write all the answers on the answer sheet) I...
please help me to answer all quations
write all the answers on the answer sheet) I multiple choices (10 points, 1 point for each question) 1. Which of the following is included in GDP?( A the production that you hire someone to mow your lawn B the production that you mow your own lawn C the production that you produce goods and services abroad 2. In the GDP accounting, investment the purchases of bonds B the purchases of stocks C...
QUESTION 1 AlpenPleasure Co. produces 1000 boxes of chocolate. Each box sells for $30. AlpenPleasure pays...
QUESTION 1 AlpenPleasure Co. produces 1000 boxes of chocolate. Each box sells for $30. AlpenPleasure pays wages of $10,000 and buys $15,000 worth of cocoa beans and other ingredients needed to produce the chocolate. What is AlpenPleasure's contribution (value-added) to GDP? $5,000 $45,000 $15,000 $20,000 QUESTION 2 There is currently a lot of debate in the U.S. about raising the minimum wage. As a contribution to this debate, the Wall Street Journal recently reported the following numbers: In 1980, the...
Format Window Help Messages (51 unread) Open with Preview Screen Shot 2019-09-22 at 5.06.31 PM.png Question...
Format Window Help Messages (51 unread) Open with Preview Screen Shot 2019-09-22 at 5.06.31 PM.png Question 11 [5 points] For all the questions below select the appropriate answer a) A basic measure of the standard of living in a country is: O that country's real GDP per capita. that country's nominal GDP per capita. O that country's nominal GDP that country's real GDP. b) A change in a general price index such as the GDP deflator, from 120.0 in year...
solve question 4 and 5 3. Calculate the following given the information about the economy in...
solve question 4 and 5
3. Calculate the following given the information about the economy in the table: Total population Noninstitutional population Incapable of working Not in the labour force Employed Unemployed 260 million 200 million 60 million 66 million 134 million 10 million 5. Calculate the following given the following information about the economy in 1985, 1995, and 1999: 1985 1995 1999 Nominal GDP 4,213 9,256.1 (in billions of dollars) GDP deflator 73.7 98.1 (index, 1996=100) Real GDP 7,543.8...
QUESTION 1 According to the classical economists, those who are not working have chosen not to...
QUESTION 1 According to the classical economists, those who are not working have chosen not to work at the market wage. are unable to find a job at the current wage rate. have given up looking for a job but would accept a job at the current wage if one were offered to them. are too productive to be hired at the current wage. QUESTION 2 Which of the following explains why the long-run Phillips curve is drawn as a...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005 2006 2007 2008 Refer to Table above. a. Estimate the inflation rate between 2005 and 2006 b. Estimate the CPI during 2007 6. In the table below are statistics showing the working age population, the labor force and total employment in year 1 and year 2. Make the computations necessary to complete the table. (Number of persons is in thousands.): Year 1 209,699 140,862...
Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income...
Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income taxes 4. Government expenditures 5. Consumption expenditures 6. Gross investment 7. Imports 8. Corporate profits before taxes 9. Personal disposable Income 10. Net Investment 11. Capital stock on January 1, 2019 Billions of $ 2250 100 300 600 1400 250 75 350 1900 225 30000 1. GDP was a) $2175 billion b) $2275 C) $2300 d) $2325. Depreciation was a) So billion b) $25...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
13 A country reported a nominal GDP of $115 billion in 2015 and $125 billion in 2014 and reported a GDP deflator of 85 in 2015 and 100 in 2014. What happened to real output and prices from 2014 to 2015? a. Real output and prices both rose. b. Real output fell and prices rose. c. Real output rose and prices fell. d. Real output and prices both fell. 14. A country reported a nominal GDP of $85 billion in...
A country reported nominal GDP of $105 billion in 2018 and $85 billion in 2017. It also reported a GDP deflator of 130 in 2018 and 125 in 2017. Between 2017 and 2018, real output and the price level both rose. real output rose and the price level fell. real output fell and the price level rose. real output and the price level both fell.
please help me to answer all quations
write all the answers on the answer sheet) I multiple choices (10 points, 1 point for each question) 1. Which of the following is included in GDP?( A the production that you hire someone to mow your lawn B the production that you mow your own lawn C the production that you produce goods and services abroad 2. In the GDP accounting, investment the purchases of bonds B the purchases of stocks C...
Format Window Help Messages (51 unread) Open with Preview Screen Shot 2019-09-22 at 5.06.31 PM.png Question 11 [5 points] For all the questions below select the appropriate answer a) A basic measure of the standard of living in a country is: O that country's real GDP per capita. that country's nominal GDP per capita. O that country's nominal GDP that country's real GDP. b) A change in a general price index such as the GDP deflator, from 120.0 in year...
solve question 4 and 5
3. Calculate the following given the information about the economy in the table: Total population Noninstitutional population Incapable of working Not in the labour force Employed Unemployed 260 million 200 million 60 million 66 million 134 million 10 million 5. Calculate the following given the following information about the economy in 1985, 1995, and 1999: 1985 1995 1999 Nominal GDP 4,213 9,256.1 (in billions of dollars) GDP deflator 73.7 98.1 (index, 1996=100) Real GDP 7,543.8...
5. Assume the following data apply to a certain country Year CPL inflation 1746 182B 2005 2006 2007 2008 Refer to Table above. a. Estimate the inflation rate between 2005 and 2006 b. Estimate the CPI during 2007 6. In the table below are statistics showing the working age population, the labor force and total employment in year 1 and year 2. Make the computations necessary to complete the table. (Number of persons is in thousands.): Year 1 209,699 140,862...
Questions 1-5 Beta's National Accounts in 2019 1. Net Domestic Product 2. Exports 3. Personal income taxes 4. Government expenditures 5. Consumption expenditures 6. Gross investment 7. Imports 8. Corporate profits before taxes 9. Personal disposable Income 10. Net Investment 11. Capital stock on January 1, 2019 Billions of $ 2250 100 300 600 1400 250 75 350 1900 225 30000 1. GDP was a) $2175 billion b) $2275 C) $2300 d) $2325. Depreciation was a) So billion b) $25...
Incorrect Question 11 0/2 pts When you look at countries that have high levels of GDP and compare them to countries with very low levels of GDP, what, according to our text, can you say about the relationship between GDP and leisure time? There is a positive relationship between a country's GDP and the average amount of leisure time enjoyed by its citizens (the higher GDP, the more leisure time on average) There is no direct relationship between a country's...
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