Homework Answers
A ) From the 2nd quarter of year 2010 to 4th quarter the US economy was in Expansion period, whereas from 1st quarter of year 2008 to 2nd quarter of year 2008, the economy was in recession. In between 3rd quarter of 2008 to 1st quarter of year 2010 the US economy faced Depression and Recovery phase.
B) On 4th quarter of year 2007 US economy reaches to peak of the business cycle then with continuous declining rate the US economy reaches to Trough of the business cycle on 2nd quarter of year 2009.
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1. We have obtained the following information about GDP in the U.S. economy from the Bureau...
Figure 17.26 depicts the US aggregate demand between 2006 Q2 and 2010 Q4. Based on this...
Figure 17.26 depicts the US aggregate demand between 2006 Q2 and 2010 Q4. Based on this information, which of the following statements is correct? Consumption Residential investment Non-residential investment Government consumption and investment Net exports Recession Contribution to real GDP growth (percentage points at annual rate) -1.8 Onset of the crisis: 2006 Q2-2007 Q4 Crisis: 2008 Q1-2009 Q2 Recovery 2009 Q3-2010 Q4 o In the recession, not only did households stop purchasing new houses and other consumption goods, but also...
from 47-50 on spending on education. Table 1 Year 2007 2008 Nominal GDP (Billions of Dollars)...
from 47-50
on spending on education. Table 1 Year 2007 2008 Nominal GDP (Billions of Dollars) 1529.6 1529.0 GDP Price Deflator (2002=base year) 111.45 114.45 47. From Table 1, the percentage change in real GDP from 2007 to 2008 was? a. -2.7. (6. 2.7. c. 3.0. d. 11.5. e. 14.5. 48. From Table 1, the inflation rate from 2002 to 2007 was? a. -2.7 percent. b. 3.0 percent. c. 11.45 percent. d. 111.45 percent. e. 14.45 percent. 49. From Table...
Given the conditions described on page 1; In this situation, what does the Bank of Canada...
Given the conditions described
on page 1;
In this situation, what does the Bank of Canada want to
motivate? What action does the Bank of Canada take? (Consider:
Interest rates, bonds, value of Canadian investments, Canadian $
exchange rate)
What effect does this have on the R.O.W. and what will they
do?
(Consider: Canadian $ Exchange rate, buying Canadian
products)
What effect does this have on Canadian Consumers and what will
they do?
(Consider: Canadian $ Exchange rate, buying R.O.W....
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States...
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1947 to the third quarter of 1951. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2170 REAL GDP (Billions of dollars) 1770 1947 1948 1950 1 1951 1949 YEAR Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13,...
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States...
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2800 2700 REAL GDP (Billions of dollars) 2600 2500 2400 1955 1956 1958 1957 YEAR 1959 Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May...
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all...
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all the components of GDP. Visit their website by clicking on the following link a. Based on the table, what are the components that are listed as part of the consumption. You do not need to provide the values only names are enough. b. Based on the table, what are the components that are listed as part of the investment. You do not need to...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below...
WEEK 4: GROSS DOMESTIC PRODUCT (GDP) 22 unread replies.22 replies. INITIAL POST (UP TO 10 POINTS) Follow the steps below to obtain real-world information about GDP growth pattern from the Bureau of Economic Analysis to assess GDP current situation. Use your findings to answer the questions below. Go to www.bea.gov (Links to an external site.)Links to an external site.. Click on the National tab (on the top left-hand side). Click on Interactive Tables: GDP and the National Income and Product...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Figure 17.26 depicts the US aggregate demand between 2006 Q2 and 2010 Q4. Based on this information, which of the following statements is correct? Consumption Residential investment Non-residential investment Government consumption and investment Net exports Recession Contribution to real GDP growth (percentage points at annual rate) -1.8 Onset of the crisis: 2006 Q2-2007 Q4 Crisis: 2008 Q1-2009 Q2 Recovery 2009 Q3-2010 Q4 o In the recession, not only did households stop purchasing new houses and other consumption goods, but also...
from 47-50
on spending on education. Table 1 Year 2007 2008 Nominal GDP (Billions of Dollars) 1529.6 1529.0 GDP Price Deflator (2002=base year) 111.45 114.45 47. From Table 1, the percentage change in real GDP from 2007 to 2008 was? a. -2.7. (6. 2.7. c. 3.0. d. 11.5. e. 14.5. 48. From Table 1, the inflation rate from 2002 to 2007 was? a. -2.7 percent. b. 3.0 percent. c. 11.45 percent. d. 111.45 percent. e. 14.45 percent. 49. From Table...
Given the conditions described
on page 1;
In this situation, what does the Bank of Canada want to
motivate? What action does the Bank of Canada take? (Consider:
Interest rates, bonds, value of Canadian investments, Canadian $
exchange rate)
What effect does this have on the R.O.W. and what will they
do?
(Consider: Canadian $ Exchange rate, buying Canadian
products)
What effect does this have on Canadian Consumers and what will
they do?
(Consider: Canadian $ Exchange rate, buying R.O.W....
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1947 to the third quarter of 1951. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2170 REAL GDP (Billions of dollars) 1770 1947 1948 1950 1 1951 1949 YEAR Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13,...
1. Key facts about economic fluctuations The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2800 2700 REAL GDP (Billions of dollars) 2600 2500 2400 1955 1956 1958 1957 YEAR 1959 Source: "Current-dollar and Real GDP," Bureau of Economics Analysis, last modified May 1, 13, accessed May...
04: U.S. Bureau of Economic Analysis (BEA) publishes data for GDP with the breakdown of all the components of GDP. Visit their website by clicking on the following link a. Based on the table, what are the components that are listed as part of the consumption. You do not need to provide the values only names are enough. b. Based on the table, what are the components that are listed as part of the investment. You do not need to...
QUESTION 1 Price level AS P1 P2 AD1 AD2 Y2 Y1 Real national output Which of the following would cause the shift in the AD curve (from ADto AD2) shown in the diagram above? A. The government increases interest rates B. The rate if income tax is reduced CA depreciation of the US dollar An improvement in technology QUESTION 2 Which combination of fiscal policies would be the most expansionary? A. an increase in government spending and an increase in...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
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