Homework Answers
Q9 If GDP was growing at 3.5% we would consider that economy is in a period of expansion. Naturally, since nothing else on unemployment etc is mentioned and growth rate is positive, we will consider it to be a period of expansion.
Q10 Biggest impact on GDP growth rate can be attributed to consumption I.e. consumer spending which has increased due to increase personal disposable income due to continued economic expansion.
This link can be helpful - https://www.whitehouse.gov/articles/economy-reaches-longest-expansion-in-u-s-history-in-third-quarter-of-2019-beats-market-expectations/
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Answer for both please! Question 9 1 pts If GDP was growing at 3.5%, we would...
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...
Answer for both please! Question 7 1 pts Which of the following would potentially cause the...
Answer for both please!
Question 7 1 pts Which of the following would potentially cause the economy to grow slower More government spending More investment More exports More imports Question 8 1 pts Using the circular flow, which of the following would potentially cause the economy to grow faster More government spending More taxes More imports More savings
For only the second time in the previous 10 quarters, China's GDP grew at a faster...
For only the second time in the previous 10 quarters, China's GDP grew at a faster rate than from the same period a year earlier. From July through September 2013, China's GDP increased 7.8 percent, but a decline in exports, growing inflation, and slowing growth in factory production all suggest that growth will be slowing down. China has recently been attempting to restructure its economy by moving toward increasing consumption and relying less on exports and investments as a means...
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant...
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant Export Import ort GDP=DI Net Agg Age Unnind Output Invent Emploxmnt 250 260 310 15 330310 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pts) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what...
4 pts Question 20 The National Bureau of Economic Research (NBER) is the organization that determines...
4 pts Question 20 The National Bureau of Economic Research (NBER) is the organization that determines the official start and end dates of a recession. This week, the NBER announced that the US has officially entered a recession starting after February 2020, ending the longest expansion on record that started in June 2009 (the previous longest expansion from 1991 to 2001 was 8 months shorter). right before the Great Recession According to the NBER, December 2007 was the business cycle...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
can you help on answering all of them (answer them correctly) Question 9 1 pts The...
can you help on answering all of them (answer them
correctly)
Question 9 1 pts The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon the stock of productive factors the price level government subsidies Question 10 1 pts When does the GDP gap shrink? It shrinks as the economy recovers from recession. It shrinks as the economy is contracting with government intervention. It shrinks as the government reduces the budget deficit through...
could abyone help me answering these questions please! Incorrect Question 3 0/1.5 pts The aggregate demand...
could
abyone help me answering these questions please!
Incorrect Question 3 0/1.5 pts The aggregate demand of an open economy is given by the after-tax domestic consumption C, the investment (which depends on the interest rater), the government spending G and net exports X - M: AD = C+I+G+X-M=co + c (1 – t) T+I(r) + G + X - my Co is autonomous consumption, c, is the marginal propensity to consume, and m is the marginal propensity to import....
Answer for both please! Question 5 1 pts Using the circular flow, "crowding out" refers to...
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
Question 6 1 pts The table below shows components of GDP taken from the Australian national...
Question 6 1 pts The table below shows components of GDP taken from the Australian national accounts Component of GDP $billions Investment 200 Imports 250 Indirect taxes 50 Consumption 600 Government spending 200 Wages 700 Exports Gross operating surplus 250 Using this information calculate the level of GDP and deduce the amount of exports, in billions of dollars. GDP is $950 and exports is $50; GDP is $1000 and exports is $0; GDP is $900 and exports is $150; 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...
Answer for both please!
Question 7 1 pts Which of the following would potentially cause the economy to grow slower More government spending More investment More exports More imports Question 8 1 pts Using the circular flow, which of the following would potentially cause the economy to grow faster More government spending More taxes More imports More savings
1. Complete the table below where the cells are blank. (10 pts) Output Sensor Saving Inxstant Export Import ort GDP=DI Net Agg Age Unnind Output Invent Emploxmnt 250 260 310 15 330310 2. What number is unplanned inventories at output of $270 million? Explain what the unplanned inventories number means at that output level? (2 pts) 3. At $330 million of output what must happen in this open economy to reach equilibrium? (2 pts) 4. Equilibrium is achieved at what...
4 pts Question 20 The National Bureau of Economic Research (NBER) is the organization that determines the official start and end dates of a recession. This week, the NBER announced that the US has officially entered a recession starting after February 2020, ending the longest expansion on record that started in June 2009 (the previous longest expansion from 1991 to 2001 was 8 months shorter). right before the Great Recession According to the NBER, December 2007 was the business cycle...
Question 2 (1 point) In an open economy suppose that GDP is $12 trillion. Consumption is $8 trillion and government spending is $2 trillion, Taxes are $0.5 trillion. Exports are $1 trillion and imports are $3 trillion. What is private saving? $4 trillion $3.5 trillion $2.5 trillion $1.5 trillion Question 1 (1 point) Interest rate (%) Supply of loanable funds Demand for loanable funds 0 10 20 30 40 50 60 70 80 90 100 Quantity of loanable funds (billions...
can you help on answering all of them (answer them
correctly)
Question 9 1 pts The vertical, long-run aggregate supply curve indicates that the long-run level of economic output is dependent upon the stock of productive factors the price level government subsidies Question 10 1 pts When does the GDP gap shrink? It shrinks as the economy recovers from recession. It shrinks as the economy is contracting with government intervention. It shrinks as the government reduces the budget deficit through...
could
abyone help me answering these questions please!
Incorrect Question 3 0/1.5 pts The aggregate demand of an open economy is given by the after-tax domestic consumption C, the investment (which depends on the interest rater), the government spending G and net exports X - M: AD = C+I+G+X-M=co + c (1 – t) T+I(r) + G + X - my Co is autonomous consumption, c, is the marginal propensity to consume, and m is the marginal propensity to import....
Answer for both please!
Question 5 1 pts Using the circular flow, "crowding out" refers to When imports are greater than exports When government runs a surplus When government borrows money When government raises taxes Question 6 1 pts Using the circular flow, if government spending exceeds the amount of taxation (ie a deficit), which of the following is true Leakages exceed injections The government is trying to reduce growth The economy will shrink Injections exceed leakages
Question 6 1 pts The table below shows components of GDP taken from the Australian national accounts Component of GDP $billions Investment 200 Imports 250 Indirect taxes 50 Consumption 600 Government spending 200 Wages 700 Exports Gross operating surplus 250 Using this information calculate the level of GDP and deduce the amount of exports, in billions of dollars. GDP is $950 and exports is $50; GDP is $1000 and exports is $0; GDP is $900 and exports is $150; GDP...
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