25) The amount by which potential GDP (a atural rate of unemployment. (b) aggregate cost of unemployment. to difference between real and nominal GDP. hstween real and nominal income.
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- urgent , no plagiarism The following statements refer to the CPI and the GDP deflator. Which one is CORRECT? The CPI rises when the price of intermediate goods purchased by firms increases. The inflation rate calculated using the CPI is always higher than that obtained with the GDP deflator. The CPI takes into account the prices of all goods and services produced in an economy. The GDP deflator does not reflect the rise in prices on imported final goodsThe term ______________ means unadjusted, gross, or current. The term __________ is used to refer to any statistic which has been adjusted for inflation. On the expenditure side inflation will make GDP appear ______________ than it really is because it is reflected in market values. These market values or _____________ are in nominal terms which include infl ation. An increase in inflation will decrease __________ wages, rents, interest, and profits.On what condition Gross Domestic Product (GDP) equals Gross National Product (GNP): Select one alternative: Inflation must be at level 0 GDP deflator must equal 100 Production of foreign companies in our country equals production of “our” companies which operate abroad
- MCQS 1- Which of the following is NOT a component of Gross Domestic product? Investment. Consumption. Tax Government Expenditure 2- ………… is the market value of all final goods & services produced within a country in a given period of time. Inflation Multiplier Gross Domestic Product Gross National Product 3- ………………... refers to the measure of the overall cost of the goods and services bought by a typical consumer. Producer price index Nominal interest rate Consumer price index Inflations please answer all mcqsThe consumer price index (CPI) is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price index of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z in 2018, 2019, and 2020. Calculate the percentage change in index between 2018 and 2019 and again between 2019 and 2020. What is rate of inflation/deflation between 2019 and 2020? GOOD QUANTITY CONSUMED 2018 PRICES 2019 PRICES 2020 PRICES X 100 Rs. 10.00 Rs.10.50 Rs. 10.75 Y 150 Rs. 10.50 Rs. 20.00 Rs. 20.00 Z 25 Rs. 30.00 Rs. 30.25 Rs. 30.00 In each case of following cases, does the increase in prices affect CPI, GDP deflator, or both in Pakistan? Analyze and Justify your answer. (Maximum 150 words) The price of imported Belgian chocolate has increased. The price of imported equipment used in industrial level ice-cream production has…The amount of U.S. currency in circulation in 2014 was approximately $1,200 billion. The inflation rate in 2014, as measured by the percentage change in the personal consumption expenditures (PCE) deflator, was about 1.3 percent. If U.S. federal government revenue in 2014 was $3,000 billion, then seigniorage represented approximately _____ percent of revenue in 2014.
- Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data:Number of employed = 1600 million Not in labour force = 725 million Number of Labour force = 2000 millionChapter 5: Chain-type growth rate, GDP deflator, Consumer Price Index (CPI), and Inflation Product Quantity Price Year 1 Cereal 1,000 $1.00 Beef 700 $2.00 Doughnuts 600 $0.50 Year 2 Cereal 1,400 $1.10 Beef 600 $2.50 Doughnuts 500 $0.75 year 1 is the base year, what is the consumer price index (CPI) in year 2? If year 1 is the base year, what is the inflation rate between year 1 and 2?The data of unemployment is given below: a) Unemployed population is 5.5million b) Participation rate is 65% c) Working-age population is 40million Note: You are asked to find: * Labor force? * Unemployment rate? * Population out of labor force? * Employed population?
- The value of total goods and services produced entre the country by residence and foreign supplied resources, called Select one: a. Inflation b. National Income c. Gross Domestic Product d. Gross National ProductNP5 & Company, increased the monthly income of its workers by 20% during the year, whereas, the consumer price index changed from 240 to 270. Compute the increase/decrease in real wages.?. Compute 2 measures for inflation rate (%) from 2013 to 2021 (over 8 years, not annual rate): one based on GDP deflator and the other based on CPI. GDP Deflator CPI Inflation rate (Base Year = 2013) Which inflation rate seems to overstate inflation? (i) the one based on GDP deflator (ii) the one based on CPI
