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A: Trend GDP The predicted pace of increase of a country's productive capacity is known as trend…
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A:
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- The production of goods and services valued at current prices is called real GDP. Select one: a. False b. TrueWhich of the following is true about the real GDP?a. It is equal to nominal GDP multiplied by the GDP deflator. b. It measures aggregate output using current prices. c. It measures aggregate output using constant prices.d. It is equal to the GDP deflator divided by nominal GDP.e. It is greater than nominal GDP when the GDP deflator is greater than 100.Which of the following will NOT lead to an increase in real GDP? A. On average, people in a country decide to increase the number of hours they work by 5%. B. Spending on homeland security increases in response to a terrorist attack. C. The price level and nominal GDP increase by 10%. D. Due to lower interest rates by the Fed investors increase their investments
- Which of the following will NOT lead to an increase in real GDP? A. On average, people in a country decide to increase the number of hours they work by 5%. B. Spending on homeland security increases in response to a terrorist attack. C. The price level and nominal GDP increase by 10%. D. Due to lower interest rates by the Fed investors increase their investmenUsing the circular flow model, explain what might happen to the level of income of an economy if it experiences an increase in exports and an increase in taxes.Why do economists and managers pay attention to the measurements of macroeconomic activity? several elements of these measurements such as durable goods, non-durable goods, etc
- Total output of an economy can be divided into its alternative uses by considering who bought the output. When people in other countries purchase part of an economy's output, this is called: Please choose the correct answer from the following choices, and then select the submit answer button. net exports. exports. investment. consumption.If real GDP is increasing with time then nominal GDP may not necessarily be increasing over time. True/False? Explain your answerTrue or false? Consider two economies that spend different shares of their gross domestic product to R&D activities. Is it true that the economy with a larger share of R&D spending grows faster in the long-run?
