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Question 4 2 pts Suppose we have the country of Nydia-opolis. Further suppose that for the...
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of...
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of $1,000,000,000 in 2019 and then $1,020,000,000 in 2020. The population growth was 1% from 2019 to 2020. Given these numbers, how long would it take for the country to double its real GDP? 20 years 28 years 35 years 56 years Never Question 11 2 pts For the country of Scott-opolis, how long would it take for the country to double its real GDP...
Question 9 2 pts Suppose there is a very small country called Micro-opolis. It makes only...
Question 9 2 pts Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following: Price of pears Quantity of pears Price of cell phones Quantity of cell phones 2019 $2 100 $200 100 2020 $2.50 110 $225 110 2021 $3 148.5 $250 148.5 If 2019 is the base year, what is the growth in real GDP from 2020 to 2021? 9.1% 31.8% 35% 45% Not...
Question 6 2 pts The nominal GDP can be lower for a given year than the...
Question 6 2 pts The nominal GDP can be lower for a given year than the real GDP. For example, if the real GDP in 2019 for a country is $50,000,000, we know the nominal GDP in 2019 for that country can be something below $50,000,000 True False
Suppose there is a country called Alisa-opolis. In this country, we have the following information: Number...
Suppose there is a country called Alisa-opolis. In this country, we have the following information: Number of people 16 and over: 1,900,000 Number of people in institutions like prison: 75,000 Number of people in the military: 225,000 Number of people who are working: 900,000 Number of people who are unemployed: 100,000 What is the unemployment rate in this country? Group of answer choices 5.5% 10.0% 12.5% Not enough information Using the information from the previous problem, what is the Labor...
Question 11 44 pts Assume that an economy produces only three goods; Computers, cars, and pizza. Table 1 gives the price and quantity for each good and the number of employed and unemployed individuals for the years 2017-2020. Table 2 gives the fixed bask
Question 11 44 pts Assume that an
economy produces only three goods; Computers, cars, and pizza. Table 1
gives the price and quantity for each good and the number of employed
and unemployed individuals for the years 2017-2020. Table 2 gives the
fixed basket used for calculating the CPI. Assume that the base year is
2018! Table 1 - Price and Quantity of Goods Sold in 2017-2020 2017 2018
2019 2020 Р Q 20 Q 15 Computers Р $400/unit $18,000/unit...
Duwuring that time, it would take about 1400 years for income per person to double None...
Duwuring that time, it would take about 1400 years for income per person to double None of the above Question 9 2 pts Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following: Price of pears Quantity of pears Price of cell phones Quantity of cell phones 2019 $2 100 $200 100 2020 $2.50 110 $225 110 2021 $3 148.5 $250 148.5 If 20 is...
Question 13 2 pts Consider the country called the "Republic of Miguel". It has 500,000 residents....
Question 13 2 pts Consider the country called the "Republic of Miguel". It has 500,000 residents. We also know the CPI for the following years: 2017: Base year 2018: 132 2019: 174 2020: 185 How much did prices rise from 2017 to 2020? 32% 50% 85% 100% Not enough information
1, 2, 3 and 4 please! Question 1 According to the theory of comparative advantage, trade...
1, 2, 3 and 4 please!
Question 1 According to the theory of comparative advantage, trade wars are country involved andfor the smaller country involved. for the larger a) Good, Bad b) Bad, Good c) Good, Good d) Bad, Bad Question 2 the stated goal of the Federal Reserve is a) 0 inflation- prices should be consistent over time b) 2% inflation but only considering food and energy prices c) 2% "Core" inflation ignoring food and energy prices d) 2%...
question 1: nominal GDP for 2016 question 2: real gdp for 2015 question 3: GDP deflator...
question 1: nominal GDP for 2016
question 2: real gdp for 2015
question 3: GDP deflator for 2014
question 4: calculate cost/price of the market basket for
2015
question 5: calculate CPI for 2016
question 6: use CPI to calculate the inflation rate
from 2014 to 2015
question 7: which person makes more in
inflation-adjusted terms or (real) terms? would it change if nick
made 82k a year instead?
question 8: best too look at pic.
Note: please show work...
Question 14 2 pts Of the items below, which one would be included in the United...
Question 14 2 pts Of the items below, which one would be included in the United States' CPI but not the United States' GDP deflator? (Assume all the items below are bought by American consumers.) Water thermos produced in Arizona Electric fan produced in South Carolina Kleenex box made in California Table produced in Italy None of the above Question 15 2 pts We have a separate country known as Amanda-ville. The GDP per capita in 2010 was $18,000 in...
Question 10 2 pts Consider the country of Scott-opolis. This country has a real GDP of $1,000,000,000 in 2019 and then $1,020,000,000 in 2020. The population growth was 1% from 2019 to 2020. Given these numbers, how long would it take for the country to double its real GDP? 20 years 28 years 35 years 56 years Never Question 11 2 pts For the country of Scott-opolis, how long would it take for the country to double its real GDP...
Question 9 2 pts Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following: Price of pears Quantity of pears Price of cell phones Quantity of cell phones 2019 $2 100 $200 100 2020 $2.50 110 $225 110 2021 $3 148.5 $250 148.5 If 2019 is the base year, what is the growth in real GDP from 2020 to 2021? 9.1% 31.8% 35% 45% Not...
Question 6 2 pts The nominal GDP can be lower for a given year than the real GDP. For example, if the real GDP in 2019 for a country is $50,000,000, we know the nominal GDP in 2019 for that country can be something below $50,000,000 True False
Duwuring that time, it would take about 1400 years for income per person to double None of the above Question 9 2 pts Suppose there is a very small country called Micro-opolis. It makes only two goods: cell phones and pears. Their prices and quantities are the following: Price of pears Quantity of pears Price of cell phones Quantity of cell phones 2019 $2 100 $200 100 2020 $2.50 110 $225 110 2021 $3 148.5 $250 148.5 If 20 is...
Question 13 2 pts Consider the country called the "Republic of Miguel". It has 500,000 residents. We also know the CPI for the following years: 2017: Base year 2018: 132 2019: 174 2020: 185 How much did prices rise from 2017 to 2020? 32% 50% 85% 100% Not enough information
1, 2, 3 and 4 please!
Question 1 According to the theory of comparative advantage, trade wars are country involved andfor the smaller country involved. for the larger a) Good, Bad b) Bad, Good c) Good, Good d) Bad, Bad Question 2 the stated goal of the Federal Reserve is a) 0 inflation- prices should be consistent over time b) 2% inflation but only considering food and energy prices c) 2% "Core" inflation ignoring food and energy prices d) 2%...
question 1: nominal GDP for 2016
question 2: real gdp for 2015
question 3: GDP deflator for 2014
question 4: calculate cost/price of the market basket for
2015
question 5: calculate CPI for 2016
question 6: use CPI to calculate the inflation rate
from 2014 to 2015
question 7: which person makes more in
inflation-adjusted terms or (real) terms? would it change if nick
made 82k a year instead?
question 8: best too look at pic.
Note: please show work...
Question 14 2 pts Of the items below, which one would be included in the United States' CPI but not the United States' GDP deflator? (Assume all the items below are bought by American consumers.) Water thermos produced in Arizona Electric fan produced in South Carolina Kleenex box made in California Table produced in Italy None of the above Question 15 2 pts We have a separate country known as Amanda-ville. The GDP per capita in 2010 was $18,000 in...
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