Question 11 - Choose the best describes the four phases of the business cycle in the correct order? Expansion, trough, peak, and recession Peak, expansion, recession, trough Trough, expansion, peak, and recession Recession, trough, peak, and expansion
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Expansion, trough, peak, and recession
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Peak, expansion, recession, trough
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Trough, expansion, peak, and recession
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Recession, trough, peak, and expansion
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- 11) The relationship between the growth rate of an economic variable, gt, and its level, yt, can be approximated by A) gt = yt - yt - 1. B) gt = logt - log yt - 1. C) yt = log gt - log gt - 1. D) log gt = yt - yt - 1. 12) The business cycle component of the log of real per-capita GNP is equal to A) log of actual real GNP - log of trend GNP. B) log of trend GNP ÷ log of actual real GNP. C) log of trend GNP - log of actual real GNP. D) log of actual real GNP ÷ log of trend GNP. 13) For the study of economic growth, it is most helpful to examine movements in ________; for the study of business cycles, it is most helpful to examine movements in ________. A) trend GNP; trend GNP B) trend GNP; deviations from trend in GNP C) deviations from trend in GNP; trend GNP D) deviations from trend in GNP; deviations from trend in GNP 14) Over the twentieth century, growth in per-capita GNP was highest A) immediately prior to the Great…Suppose that a country's annual growth rates were 5, 3, 4 , -1 , -2 , 2 , 3 , 4, 6, and 3 in yearly sequence over a 10 - year period . a ) What was the country's trend rate of growth over this period ? b ) Which set of years most clearly demonstrates an expansionary phase of the business cycle ? c ) Which set of years best illustrates a recessionary phase of the business cycle ?Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, -2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these 5 years? What term would economists use to describe what happened in year 3?
- Pease note quesition 1 is answered it is only attached for you to see it as it contains relevant informaition. Please answer quesition 2! Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie’s real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie’s rate of economic growth? Explain why sustained long-term economic growth comes from increases in labor productivity. Why do you think the trend rate of U.S. productivity growth has increased since the earlier 1973–1995 period? The GDP of year 1 is $1,600. The GDP of year two is $2,100. The rate of economic growth is 31.25% Monetary development must be supported just when endogenous elements experience an expansion in their efficiency. Work efficiency is dictated by the gathering of human capital in an economy. The more prominent the interest in human capital arrangement, the higher is the information arrangement and…“Since 1980, aggregate per capita GDP in sub-Saharan Africa has declined at almost 1 percent per annum. The decline has been widespread: 32 countries are poorer now than in 1980. Today, sub-Saharan Africa is the lowest-income region in the world...It is clear that Africa has suffered a chronic failure of economic growth. The problem for analysis is to determine the causes” (Collier and Gunning 1999: ‘Why has Africa grown slowly?’). Explain the possible reasons why sub-Saharan Africa grew so slowly from 1980- 1999?18. The Goal of is to promote price stability, full employment, and economic growth.
- Question:Describe and analyse the main macroeconomic issues in Malaysia for the period from 2010 to 2015. Go to: http://www.tradingeconomics.com/malaysia/gdp-growth, http://www.tradingeconomics.com/malaysia/gross-national-product or other sources of reference to obtain the necessary information. *** 2500 to 3000 words excluding references RUBRICS Introduction to macroeconomics : Clear and detailed introduction which covered the definition, issues, policies and objectives of macroeconomics. Identification and description of economic growth and living standards in Malaysia : Able to identify and describe the changes in economic growth and living standards over the selected period. Provided adequate data and clear reasons for the changes. Identification and description on unemployment in Malaysia : Able to identify and describe the changes in unemployment over the selected period. Provided adequate data and clear reasons for the changes. Identification and…Suppose, due to the effects of a military conflict that has ended, that a country experiences a large reduction in its capital stock. Assume no other effects of this event on the economy. Which of the following will tend to occur as the economy adjusts to this situation? Question 5Select one: A. a relatively low growth rate for some time B. a relative high growth rate for some time C. zero growth for some time, followed by a gradually increasing growth rate D. positive growth, followed by negative growth, and then zero growth E. none of theseSuppose that the annual rates of growth of real GDP of Econoland over a five-year period were sequentially as follows: 3 percent, 1 percent, −2 percent, 4 percent, and 5 percent. What was the average of these growth rates in Econoland over these five years? What term would economists use to describe what happened in year 3? If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been the average growth rate?
- 20 Macroeconomic Information for Mexico: 2020 Q2 GDP (in 2020 Q2 pesos) 4.97 trillion pesos 2020 Q1 GDP (in 2020 Q1 pesos) 6.09 trillion pesos 2020 Q2 GDP (in 2015 pesos) 3.76 trillion pesos 2020 Q1 GDP (in 2015 pesos) 4.54 trillion pesos Calculate Mexico's real GDP growth rate between the first and second quarters of 2020. (Enter your answer in percent form, rounded to one decimal place, without the percent sign. For example, if your answer is 0.12345, enter 12.3.) 21 Macroeconomic Information for Mexico: 2020 Q2 GDP (in 2020 Q2 pesos) 4.97 trillion pesos 2020 Q1 GDP (in 2020 Q1 pesos) 6.09 trillion pesos 2020 Q2 GDP (in 2015 pesos) 3.76 trillion pesos 2020 Q1 GDP (in 2015 pesos) 4.54 trillion pesos Calculate Mexico's inflation, using the GDP deflator method, between the first and second quarters of 2020. (Enter your answer in percent form, rounded to one decimal place, without the percent sign. For example, if your…Chapter 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 If year 1 is the base year, what is the constant-dollar real growth rate from year 1 to year 2? If year 2 is the base year, what is the constant-dollar real growth rate from year 1 to year 2? If year 1 is the base year, what is the GDP deflator in year 2? If 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?1) The following public policies can facilitate economic growth in an economy. Give a definition for each policy. a. Distributive b. Redistributive c. Regulatory and substantive policies