Briefly discuss five reasons why a rise in real Gross Domestic Product within a country over time does not necessarily mean that living standards have improved.
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- The prime interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years would it have been best to be a lender? Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years given would it have been best to be a borrower?Briefly discuss the role the State plays as adviser in the labour relationshipHow does the graph look for the effect of a temporary but persistent increase in total factor productivity on current output. I know that the x axis is quality of labour (employment) and the y axis is level of current output but im not sure how the graph should look. Could you show me what the graph should look like?
- Consider an economy that produces wood, boats, and has a marketing agency.This year domestic wood production generates revenues of $80. Of this $80 worth of wood, $40were purchased by the boat producer and $40 were sold abroad to a foreign company. The woodproducer paid $40 worth of wages and $10 worth of taxes.The boat producer combines the services of the marketing agency, the wood it purchased from thewood producer, and $20 worth of labor (wages) to produce $120 worth of boats. Its revenues,which include a boat produced in the previous year and that was carried as inventory, are $130.Domestic families buy all these boats. This company pays $10 worth of taxes.The marketing agency, whose sole client is the boat company, generates a revenue of $40 whichis enough to cover its labor costs of $40. This company pays no taxes.The government in this economy uses the $20 worth of taxes and builds a port. The cost of theport is $40 that are paid to workers. This port is partially financed by…In macroeconomics, we imagine that there is one large labor market. What does that market determine? A. The real wage rate and the quantity of labor employed B. The money wage rate and the price level C. The quantity of labor employed and the price level D. The money wage rate and the quantity of real GDP produced thanksAccording to the international Fisher Effect, if the real interest rate is 4%, if the U.S. inflation rate is 5% and the Japanese inflation rate is 7%, then what is the nominal interest rate in the US? What is the nominal interest rate in Japan? Need to see math
- Grossmania gave the following additional information on its national economy Items Billions of dollars Consumer Expenditure 110 Gross fixed capital formation 30 Exports 50 Imports 30 Government Purchases 30 Increasing Stock 150 Indirect taxes 455 Factor incomes going out of the country 50 Factor incomes coming into the country 60 Subsidy 20 Capital consumption 30 Proprietors Income 40 Calculate the following for Grossmania: The Net National Product factor costWhen the labour market is in equilibrium, it means that the number of jobs in the economy is equal to the number of people willing and able to work (the labour force). Why it then that there will always be unemployment in the economy, even when the labour market is in equilibrium (even when there is a job for everyone)?” DiscussWhat is export,import rate and net export reflecting in terms of GDP of a country? What it indicates when the value is high or low?
