An increase in GDP can result from an increase in Group of answer choices the labor supply. productivity. physical capital. all of the answers.
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- When the economy has a positive GDP gap, A Potential GDP exceeds actual GDP B Potential GDP equals actual GDP C Potential GDP is less than actual GDP. D There is not enough information.Demand gap equals 10%, it means that: Select one alternative: Potential GDP is 10% higher than aggregated demand GDP deflator equals 110 GDP is 10% higher than GNPPotential GDP is the value of real GDP when all the economy's factors of production - _____, _____, _____, and _____ - are fully _____. A. average costs; marginal costs; variable costs; fixed costs; minimized B. labor; capital; stocks; bonds; employed C. labor; capital; land; entrepreneurial ability; employed D. wages; rent; interest; profits; optimized
- Real GDP per capita is found by: Multiple Choice adding real GDP and population. subtracting population from real GDP. dividing real GDP by population. dividing population by real GDP. Give typing answer with explanation and conclusionCapital goods are goods that will be used in the future to produce more goods and services. Group of answer choices True False B. GDP includes the value of all new final goods produced by American companies, regardless of where the company is located. Group of answer choices True False C. Which of the following is an example of a durable good? Group of answer choices gasoline a televisionINSTRUCTION Given the following data for the year 2020, compute for the: Birth rate Death rate Maternal mortality rate Fertility rate Infant mortality rate GIVEN: Live births = 300 infants Still births = 5 infants Deaths before 1 month old= 15 infants Women in their reproductive age = 2,000 women Total Population = 10,000 people Deaths = 100 people (across all age groups)
- If the GDP deflator increases, we say that we had Group of answer choices a) recession. b) none of the other options. c) inflation. d) deflation. e) economic growth.When an economy goes into a recession (a decline in GDP) government savings usually Select one: a. does not change as there is no relationship between savings and GDP. b. changes but the change is random. c. rises. d. falls.Which one is correct? A/B/C/ Last year, North End Coffee Roasters Bangladesh opened a number of branches at different location of Dhaka city. This event- A. Increases current year’s GDP B. Increases current investment expenditure C. Current GDP remains unchanged.
- The following is considered in GDP- Select one: a. Longer-term environmental damage b. None of these c. Changes in the distribution of income d. A value for household labor e. depreciation of natural capitalThe formula for economic impact is I(r)=(A)/1-r The formula for impact change is ∆I= I'(r)*∆r The formula for percentage change is g(r)=(r)/1-rIf the population of a country grows and increases both the labor force and the demand for consumption, the GDP of that country is likely to... A. Depends on other factors B. Fall C. Stay Constant D. Rise