Midterm_2022

Explain the following as effects of low policy rates to the growth of an economy: 1. It can cause inflationary pressure 2. It might lead to a boost in economic growth 3. Investments are more desirable  4. There will be relatively low borrowing cost for government.

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Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Year Growth Rate (%) 1 3 2 2 3 -2 4 4 5 a. What was the average of these growth rates in Econoland over these five years? Instructions: Enter your answer rounded to 1 decimal place. percent b. What term would economists use to describe what happened in year 3? |(Click to select) ♥ c. If the growth rate in year 3 had been a positive 5 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? Instructions: Enter your answer rounded to 1 decimal place. percent

Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Year Growth Rate (X) 1 2 1 3 -2 4 4 a. What was the average of these growth rates in Econoland over these five years? Instructions: Enter your answer rounded to 1 decimal place. percent b. What term would economists use to describe what happened in year 3? Recession c. If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? Instructions: Enter your answer as a whole number. percent

The following abstract appeared in gultnews.com on January 14th, 2019. "The UAE is forecast to achieve an annual average real GDP growth rate of 3.89% between 2019 and 2023, supported by an increase in investment Nows and private consumption A Would the nominal rate be less, the same or more than 3.8% Explain your answer discussing the difference between nominal GDP and8 GDP is used up by FOUR ultimate users Who are they? C Discuss whether the method that you use to calculate GDP influence the final result

In year 1, a country has saving rates, s=0.1, productivity a=2 and depreciation rate d=0.1 . In year 2, the same country has s=0.1, a=1, d=0.2 Using the endogenous growth model, find the economy’s growth rate in year 1 and What is the state of the economy in year 1? (Use business cycle words) Using the endogenous growth model, find the economy’s growth rate in year 2.What is the state of the economy in year 2? (Use business cycle words) If in year 1, delta c/c=0.2, delta u /u =-0.1  and in year 2, deltac/c=-0.1, delta u/u =0.15 , describe the variables  and  using business cycle words Please answer the business cycle explanation part!

4) Real GDP in 1998 was 9066.9 Billion, and real GDP in 1999 was 9470.3 Billion. According to the rule of 70, how long will it take real GDP double if it grows at a constant rate?

China GDP growth slows to 27-year low China's economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. How does China's real GDP growth compare with that of the United States? If China's growth slows further, would that mean it was in a recession? China's real GDP growth is than that of the United States. If China's growth slows further, China O A. greater; will not be in a recession because real GDP growth although slowing is still positive O B. greater; will be in a recession because real GDP growth is slowing C. greater; will not be in a recession because China's real GDP growth is greater than U.S. real GDP growth and we know that the United States is not in a recession O D. smaller; may or may not be in a recession. It depends on the relationship between real GDP and potential GDP Click to select your answer. MacBook Ar DD F10 00 F9 F8 80 F7 F6 F5 F4 F3 esc F2 F1…

China's economic growth in 2015 is slowest in 25 Years China's growth rate slowed to an annual rate of 68 purcent in the fourth quarter of 2015, down from 73 percent in 2014 China's growth rate has slowed from 7.3 percent a year in 2014 and if it remans at 6.8 percent a year, how many additional years will it take for China's real GDP to double When real GDP per person grows at 73 percent a year, real GDP per person in China doubles in years >>> Answer to 1 decimal place.

Explain why a fall in economic growth could lead to a rise in unemployment. Use a diagram to support your answer.

Question 4( a,b and c ONLY)

Let's normalize Canadian GDP in 2005 to 100. Out of that, consumption was 70, investment was 20, government expenditure 20, and Canada ran a trade deficit of 10. In the following decade consumption grew at 1.5% per year, investment increased by 10% over the decade, and both government and net exports remained unchanged. Q: Calculate the average annual growth rate of GDP. Show your derivations.<

If the chain-weighted growth rate of real GDP from 2007 to 2008 is 13% using 2007 as the reference year, what would be the chain- weighted growth rate of real GDP from 2007 to 2008 if the reference year were changed to 2006? a. 6.5% b. 7.5% c. 13% d. 26% e. More information required to calculate the answer.

Hi, I know this image is cut off but my tutor gave me this example and told me to solve for the missing data for the following years. Could you please tell me how to solve for the TFP, Capital, Labor, GDP, Savings = Investments, Depreciation, Y Growth %, Y/L, (Y/L) Growth. Tell me how to calculate that for each year and what is the formula. Thanks

Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Growth Rate (3) 5 Year 1 2 3 4 5 2 -2 4 5 a. What was the average of these growth rates in Econoland over these five years? Instructions: Enter your answer rounded to 1 decimal place. percent b. What term would economists use to describe what happened in year 3? Recession c. If the growth rate in year 3 had been a positive 3 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? Instructions: Enter your answer rounded to 1 decimal place. percent

Hi, Please help with this Macroeconomics question. Thanks!

The following table gives some figures from forecasts of real GDP (in 2005 dollars) and population completed in mid-2014. Value $18,121.00 billion $19,027.05 billion 329.00 million 332.29 million Real GDP 2018 Real GDP 2019 Population 2018 Population 2019 The real GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) The population growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) Per-capita GDP in 2018 is projected to be $ (Round your response to two decimal places.) Per-capita GDP in 2019 is projected to be S|(Round your response to two decimal places.) The per-capita GDP growth rate between 2018 and 2019 will be %. (Round your response to two decimal places.) Enter your answer in each of the answer boxes. lenovo V560

12. Suppose an economy represented by the graph below started with K = 25, so it was in a steady state, but then disaster struck and most of the capital was destroyed. (Assume that no people were hurt so the labor force is the same size.) dK 25 K After the disaster would we expect the economy to grow or shrink? a. grow, I> dK b. grow, I dK d. shrink, I< dK

Refer to the table to answer two questions. Changes in Real GDP Growth When the GDP growth rate decreases by one percentage point 1. Government spending (G) automatically increases for Unemployment insurance benefits Food stamps, Welfare benefits. Social Security benefits. Medicaid 2. Government tax revenues (T) automatically decline for Individual income taxes. Corporate income taxes. Social Security payroll taxes. 3. The deficit increases by $67 billion. Changes in Inflation When the inflation rate increases by one percentage point 1. Government spending (G) automatically increases for Indexed retirement and Social Security benefits. Higher interest payments 2. Government tax revenues (T) automatically increase for Corporate income taxes. Social Security payroll taxes. 3. The deficit increases by $40 billion. 19 What would happen to the budget deficit if the Instructions: Enter your responses as a whole number. a. GDP growth rate jumped from 2 percent to 4 percent? The budget deficit…

The level of potential GDP for the US in the Growth Cycle model was assumed by most analysts to be 3.5% in the late 1990s and the early 2000s. Now it is estimated that potential is only 1.8 - 2.0%. What are some possible reasons for decline in potential GDP?

Year Real GDP Nominal GDP 2019 $15,510.79 $17,310.70 2020 $17,495.23 $18,761.83 2021 $18,209.59 $19,253.97 Refer to the table above.  What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.

Only typed answer Suppose a country's real GDP doubles in approximately 55 years. What was its constant annual growth rate? Leave 2 decimal places in your answer.

Small differences in growth rates in the size of the economy, over several decades, will result in big differences in the size of the economy. Pretend we start in 1950 and the U.S. growth in real GDP has been around 3.15%. This has resulted in real GDP growing 8 times over this 70-year period (1950 to 2020). If real GDP growth had been 4.0%, real GDP would be times larger. a. 8 (about the same growth as with 3.15% growth) b. 10 С. 14 d. 16

Suppose the United States moved from the current pay-as-you-go Social Security system to a fully funded one and financed the transition without additional government borrowing. How would the shift to a fully funded system affect the level and the rate of growth of output per worker in the long run? This will the saving rate. In the long run, it will lead to a level of output per worker and the growth rate of output per worker. A. increase; higher; have no effect on B. decrease; higher; have no effect on C. increase; higher; increase ○ D. decrease; lower; decrease

Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, -2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these 5 years? What term would economists use to describe what happened in year 3?

Many economists think that long-run economic growth is important for the welfare of a nation. Classify the statements below regarding long-run economic growth as true or false. No explanation is needed just whether or not is is true or false - An economy that has experienced long-run economic growth has avoided painful recessions - There has been more long-run economic growth in the last 100 years than occurred between the years 1000 and 1700 - Long-run economic growth is often a direct result of expansionary monetary policy - A nation with a shrinking population cannot experience long-run economic growth - Long-run economic growth can be measured with per capita GDP - Long-run economic growth is often a result of increases in productivity

In 2018, India was the world’s seventh largest economy, with a $2.69 trillion GDP (as measured in U.S. dollars). India was also one of the world’s fastest-growing economies, with an annual growth rate of real GDP of 7.3%. a. If the country maintains the same growth rate, how many years will it take for India’s GDP to double? b. Bangladesh’s GDP was $286.27 billion, but its growth rate was equal to India’s. How many years will it take for Bangladesh’s economy to double? c. Although Bangladesh and India have the same annual growth rate, their economies are much different in size. How can you explain the size difference to someone who is unfamiliar with scaling large numbers? Which strategies would you use?