Answer it correctly please. Explain your answer. I will rate accordingly with multiple votes. Ty-ped answer please. how to use the labour market and the production function to explain rises in potential GDP？
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Answer it correctly please. Explain your answer. I will rate accordingly with multiple votes. Ty-
how to use the labour market and the production function to explain rises in potential
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- What is Potential GDP and a GDP Gap? If the unemployment rate is 8.6% is the economy operating above or below potential GDP?How does a tax on labor income influence the equilibrium quantity of employment? and How does the tax wedge influence potential GDP?"If the government aims to reduce the price in order to reduce inflation rate, government should" increase business tax and reduce government expenditure. reduce business tax and increase government expenditure. increase income tax and government expenditure. reduce interest rate. Only typed Answer
- Following a demand-side recession, what happens to full employment GDP (C+I+G) after a few recessions and over-expansion? Why is this composition problematic for the long run?"During a recession more people qualify for unem ployment insurance . This will increase the government spending category of GDP and help reduce the sever ity of the recession " Do you agree with this statement ? Why or why notWhich of the following are true of an economy operating with a negative GDP gap? Check all that apply. a)A worker with a college degree is more likely to be unemployed than a worker without one. b)The suicide rate, crime, and political unrest may be higher than in an economy with a similar potential GDP and a lower unemployment rate. c)Actual real GDP is less than potential real GDP. d)A teenage worker is more likely to be unemployed than an older worker.
- Comment, on the likely outcome with sufficient arguments? a) Impact on GDP when, Interest rates have come down in the countryb) Impact on balance of payment, when there is a huge demand of vaccines produced in India in South Africa.c) Inflation rate in India reaches negative 2% (-2%)d) The aggregate demand falls short of aggregate supply in the economyMalaysia GDP to rebound up to 7.5% in 2021, central bank predicts The Malaysian economy is expected to grow between 6% and 7.5% this year, the central bank said on Wednesday, with COVID-19 vaccinations and stronger external demand driving a recovery from the 5.6% contraction for 2020. Central bank Governor Nor Shamsiah Yunus said growth this year would also be underpinned by higher private and public expenditures, while an accelerating immunization campaign will improve confidence. "The Malaysian economy is projected to rebound in 2021, with the gross domestic product achieving pre-COVID-19 levels by mid-2021,". The new full-year estimate leaves slightly more room at the low end, compared with a previous forecast of 6.5% to 7.5% expansion. "In our forecast, we assume that herd immunity will only be achieved in the first quarter of 2022," Nor Shamsiah explained. She also said the bank considered that Malaysia's international borders could remain largely closed for the entire year, but…During a recession, does G or I fall more? Why? G = goverment spending I = investment spending
- If the economy's full employment rate of output is $6.0 trillion, what will happen to the unemployment rate assuming that it will persist into the future? What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of $250 billion?INFLATION RATE LRAS AD SRAS REAL GOP GROWTH RATE Suppose a change in fiscal policy causes the AD curve to shift from AD₁ to AD2, as shown above. Which response below would most likely cause that shift? A fall in taxes OR a rise in government spending. A rise in taxes OR a rise in government spending. A rise in taxes OR a fall in government spending. A fall in taxes OR a fall in government spending.Which of the following is a sign of a strong economy A. An increase in GDP B. A shrinking economy C. An increase in unemployment D. A decrease in spending power
