A real quantity is a quantity measured: Select one: O a. in physical terms. O b. using real prices. O c. by the average quantity. O d. in terms of current dollar value.
Q: If the stock market crashes, reducing real wealth, at the same time that energy prices falling, what…
A: If the stock market crashes , reducing real wealth at the same time that energy prices are falling…
Q: Yvonne takes out a fixed-interest-rate loan and then inflation turns out to be higher than she had…
A: Hi! Thank you for the question but as per the guidelines, We’ll answer the first question since the…
Q: Production Prices Year1 Year 2 Year 3 Year 1 Year 2 Year 3 Good X 60 80 100 $1.00 $1.00 $1.40 Good Y…
A: The GDP deflator or GDP Price Deflator or the Implicit Price Deflator is a measure of the price…
Q: Which of the following will NOT cause inflation to increase in home country? O An increase in the…
A: inflation is the pace of increase in costs over a given timeframe. inflation is normally a wide…
Q: Suppose there's an unanticipated increase in the rate of inflation. Which of the following is likely…
A: Inflation refers to an increase in the price of the goods and service in the economy. If there is a…
Q: interested in macroeconomics? Select one: O a. Unemployment rate O b. Aggregate consumption c. Total…
A: Macroeconomics is concerned with economy wide variables like income, output, inflation, interest…
Q: Why is it essential to differentiate between real and nominal growth rates of GDP? O A. The nominal…
A: Real growth rate = Nominal growth rate - Inflation rate, so Nominal growth rate = Real growth rate +…
Q: Recession? O a) rising real estate values O b) a decrease in income tax rates Oc) an increase in…
A: Ans. is option (e) reduced wealth from falling stock prices.
Q: Production Year1 Year 2 Year 3 Good X 50 50 60 Good Y 100 120 140 Select one: Assume that this…
A: Nominal GDP is that GDP which are calculated on current year price on the other Real GDP is that GDP…
Q: Which of the following is not a commonly used price index? Select one: O a. Wholesale price index O…
A: Price index (PI) is a measure of how prices fluctuate over a while, or in other words, a measure of…
Q: QUESTION 10 In which of the following cases would real income rise? O a. Nominal income rises by 8…
A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…
Q: Deflation occurs when Select one: O a. economic activity declines. O b. the unemployment rate…
A: Deflation is when customer and resource prices decrease over the long run and buying power…
Q: The CPI is a O A. measure of inflation O B. measure of the price level of all goods and services…
A: CPI is a measure that examines the average prices of consumer services and goods in a basket-like…
Q: GDP is defined as the market value of all in a given time period. O a. final goods and services…
A: GDP is the value of all final goods and services produced within the domestic territory of a country…
Q: Price level (GDP price index 2012-100) 130- Potencial AS GDP 120- 110- 100 90 AD 19.5 20.0 20.5 21.0…
A: Potential GDP: - potential GDP is the highest level of gross domestic product that can be achieved…
Q: .A country's standard of living depends on its ability to produce goods and services إخثر واحدأن ths…
A: A country's standard of living depends on it's ability to produce goods and services. - TRUE
Q: If the base year is 2006, the real GDP will not be calculated for 2005. This statement is O a. Can…
A: Nominal GDP = Current Year Prices * Current Year Quantities Real GDP = Base Year Prices * Current…
Q: Suppose that the price of bananas rises by 30%. This will have the largest impact on which measure…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: 2) The production of goods and services valued at current prices is called real GDP. Select one: O…
A: GDP is the gross domestic product which measures value of all goods and services produced in an…
Q: Which of the following statements are correct? Select one or more: O a. To find GDP at constant…
A: The statement which is true among the options mentioned in the question is : We know that in order…
Q: Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of…
A: GDP refers to the sum of the value of goods and services produced in a country in a particular…
Q: Which of the following is/are true? Real GDP 1. The GDP deflator is given by. Nomínal GDP * 100- II.…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: The GDP of the U.S. in 2014 was around $17.4 trillion. This means Lütfen birini seçin: O A. that…
A: Gdp is the value of all the goods and services produced in an country during a particular period of…
Q: If the price of industrial plastic injection molding machines rose by 20% and the price of oranges…
A: CPI stands for consumer price index. Where consumer goods basket are included to calculate the the…
Q: When inflation occurs, each dollar of income will buy more output than before. O all prices of all…
A: Inflation occurs when there is a rise in the general price level of goods and services.
Q: GDP includes the goods and services produced O A. within a country's borders by citizens and by non…
A: To analyze the actual output generated by the people of the country and total amount of income…
Q: QUESTION 3 If nominal interest rate increased by 0.2 percentage points and inflation increased by…
A: The relationship between nominal interest rate, real interest rate and inflation rate is as follows:…
Q: This question considers GDP in a country in a single year. Which of the following stasements are…
A: The total value of all commodities and services generated by the country in a year is referred to as…
Q: Use the table to answer the question 2015 Quantity Price Hotdogs 152 T-shirts 92 26 Toy cars 36 11…
A: In order to find chained-dollar real GDP of 2016 in 2015 dollars, we need to find the following:…
Q: f the real value of an item bought ten years ago is less than it’s nominal value at that time, what…
A: The nominal value of an item is adjusted for inflation, and its actual worth is measured in terms of…
Q: For many everyday economic applications, when economists adjust nominal dollar figures for…
A: The Bureau of Labor Statistics (BLS) produces the buyer price level (CPI). it's the foremost…
Q: If the nominal interest rate is a constant 15 percent and anticipāted iniflation falls from 10…
A:
Q: Net investment equals O gross investment plus depreciation. O gross investment minus depreciation. O…
A:
Q: Variations of actual real GDP around potential real GDP are called economic fluctuations. What is…
A: Variations od actual GDP around potential GDP are called economic fluctuations and is also termed as…
Q: Suppose that, as a result of an increase in the price of wheat, several large U.S. grocery chains,…
A: In an economy, the basic difference between CPI and GDP deflator is that the CPI only record price…
Q: The real GDP of country ABC is $1,000. The population of ABC is 250. The real GDP of country XYZ is…
A: In economics, labour is a component of production, and when the labour force grows as a result of…
Q: Which of the following statements are correct? Select one or more: O a. To find GDP at constant…
A: The GDP deflator is a measure of inflation that is a ratio of the value of goods and services of the…
Q: (Please 2 answer s) Question 27 : Consider tablets which are used by a majority of consumers.…
A: 27. Since the number of function available with the tablets have increased but the prices of the…
Q: You live in Canada, and purchased a car manufactured in Japan this year from a dealer in Canada. The…
A: As we know that GDP is the calculated by adding all the market value of goods and services produced…
Q: Question 20 prices. Nominal gross domestic product (GDP) is GDP measured in O a) base O b) current…
A: GDP is the value of all the goods and services in an economy at a given point of time. GDP is…
Q: If GNP is $600 billion, receipts of factor income from the rest of the world are $50 billion, and…
A: Answer Explanation GNP =600, Net factor income from the ROW =( Factor income from the ROW Factor…
Q: Which of the following describes the interest rate on an investment after calculating the impact of…
A: Interest rate is key determinant of investment. The change in the interest rate affects the decision…
Q: If inflation is 4 percent per year and you receive a 3 percent raise in income, then your: a. Real…
A: Nominal wages are the wages received by a worker in the form of money. It is also called Money…
Q: The CPI or Consumer Price Index measures O Inflation by monitoring the change in gas prices and food…
A: CPI: CPI or consumer price index can be defined as the weighted mean price of the set of commodities…
Q: In a small country, using prices of 2010, GDP in 2010 was $100 and GDP in 2011 was SIIU. Using…
A: The real GDP is measured takes into account the value of goods & services produced in the given…
Q: What likely occurred during 2018 if nominal GDP did not change and real GDP decreased, relative to…
A: Gross Domestic Product denotes the total aggregate output that is produced in the country at a given…
Q: About the measurement of the GDP O A The profits of a firm are higher than the value added of the…
A: Option A is false because Value-added includes profit so this is not true. Option C is also…
Q: Using the table above, nominal GDP for Doc's Coffee in 2013 was O $47,000 O $60,000
A: The Nominal GDP is simply calculated by multiplying the production or output with prices of a given…
Q: Quèstion 2 Real Domestic Product, GDP ($B) Investment ($B) Refer to the diagrams. Other things…
A: Curve A is downward sloping that shows the negative relationship between interest rate and real…
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- (Please 2 answer s) Question 27 : Consider tablets which are used by a majority of consumers. Suppose that due to the development of 5G technology, tablets underwent a major advance from 2020 to 2021 in terms of the number of functions they could do. The tablets in 2021 sold at the same price as those in 2020. Which of the following would tend to increase in 2021 as a result of this major advance? Select only one : O CPI O Purchasing power of money O GDP deflator O None of the above Question 28 : Suppose a country enters a major recession where the number of unemployed increases a lot and the wages of jobs fall a lot. Assuming no other major changes, what would be the effect of this change on a country's CPI? Select only one : O Increase O Decrease O Stays the same O UnclearSuppose that Glitter Gulch, a gold mining firm, increased its sales revenues on newly mined gold from $120 million to $240 million between one year and the next. a. Assuming that the price of gold increased by 100 percent over the same period, by what percentage did Glitter Gulch’s real output change? _______ percent b. If the price of gold had not changed, what would have been the change in value of Glitter Gulch’s real output? $________ millionThe CPI is more commonly used as a gauge of inflation than the GDP deflator is becaust the O a. GDP deflator cannot be used to gauge inflation. O b. CPI is easier to measure. O c. CPI better reflects the goods and services bought by consumers. O d. CPI includes more goods and services that the GDP deflator does. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
- Why is per capita gross domestic product (per capita GDP) better than gross domestic product (GDP) as a measure of a country's wealth? O Location and land mass have a large effect on GDP and must be considered in assessing a country's economy. O Because per capita GDP takes population into account, it is more useful for comparing the standard of living in different countries. O Per capita GDP provides information on income, while GDP only provides information on investment. O Per capita GDP includes the value of land, minerals, and crops not counted by normal GDP. The advantages of the sole proprietorship include O ease of start-up © full control ob business decisions © exclusive rights to profits © all of the aboveeconomic Suppose that an economy’s production function is Cobb–Douglas with parameter a=0.3. a. What fractions of income do capital and labor receive? b. Suppose that immigration increases the labor force by 10 percent.What happens to total output (in percent)? The rental price of capital? The real wage? c. Suppose that a gift of capital from abroad raises the capital stock by 10 percent.What happens to total output (in percent)? The rental price of capital? The real wage? d. Suppose that a technological advance raises the value of the parameter A by 10 percent. What happens to total output (in percent)? The rental price of capital? The real wage?The “prime” interest rate is the rate that bankscharge their best customers. Based on the nominalinterest rates and inflation rates in Table 19.10, inwhich of the years would it have been best to be alender? Based on the nominal interest rates and inflationrates in Table 19.10, in which of the years given wouldit have been best to be a borrower?
- QUESTION 5Which of the following best describes inflation?O a. Economic growth.O b. An increase only in the price of energy.O c. An increase in the overall price level in an economy.O d. Ballooning debt.An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016. In which quarter(s) does(do) the value of the shoes add to U.S. GDP? O the third but not the second quarter O the second quarter but not the third quarter O the second and third quarters O neither the second nor the third quarter Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Give typing answer with explanation and conclusion Suppose the real GDP of an economy is $500 billion dollars and its unemployment rate is 6%. If the natural rate of unemployment is estimated at 4%, what is the value of the country’s potential GDP (LAS) in billions of dollars? Value of the country’s potential GDP (LAS) is $ billion.
- Q1) Individuals are counted as unemployed if they have Select one: O a. no job O b. no job and are not looking. O c. no job but looked for a job at least once in the last four weeks. O d. no job but looked for a job at least once in the last six months. Q2) Which of the following is not a topic studied in Macroeconomics Select one: O a. Unemployment O b. Gross Domestic Products (GDP) O c. None of the options O d. InflationSuppose that an economy’s production function is Cobb–Douglas with parameter = 0.3 a. What fractions of income do capital and labor receive? b. Suppose that immigration increases the labor force by 10 percent. What happens to total output (in percent)? The rental price of capital? The real wage? c. Suppose that a gift of capital from abroad raises the capital stock by 10 percent. What happens to total output (in percent)? The rental price of capital? The real wage ?Please no written by hand solutions In economics, the term indexing refers to . . . (a) adjusting real values for changes in nominal value. (b) adjusting nominal values for output values. (c) adjusting the nominal value of something in order for it to maintain its real value. (d) adjusting prices for changes in government's tax rates. For the next seven questions, match the description in column B with the economic concept in column A: COLUMN A COLUMN B 19. Domestic 20. Legal tender 21. National 22. Savings 23. Real GDP 24. National income 25. Potential GDP (a) the influence of inflation is eliminated (b) full use of resources (c) within the boundaries of the country (d) permanent inhabitants of a country (e) the same as NNP at factor costs (f) difference between income and consumption (g) creditors must accept this money in repayment of debts.
