Q: Explain why the growth rate in GDP in current prices does not provide information about how quickly…
A: Nominal Gross Domestic Product (GDP) is the value of total final goods and services produced in a…
Q: If, over two periods, the unemployment rate had reduced from 6.5 per cent to 5.5 per cent and the…
A: Initial unemployment rate = 6.5% Final unemployment rate = 5.5% Initial labor force underutilization…
Q: What do you mean by "term spread" ? How GDP of US can be Forecast by using Term spread?
A: The concept term spread measures the difference of two bonds with different maturities or expiry…
Q: Explain Net present value with the formula.
A: Net Present Value Net present value basically refers to the difference between the current worth of…
Q: An increase in nominal GDP indicates: O either inflation or output growth (or both).
A: GDP is the market value of goods and services produced by an economy during a given period of time.…
Q: What was the February 2022 US unemployment rate?
A: The official unemployment rate in the US is announced by the U.S. Bureau of Labor Statistics.
Q: With the use of examples, explain six (6) implications of an increasing unemployment rate to an…
A: At the point when unemployment rates are high and consistent, there are adverse consequences on the…
Q: Define the term Net Income?
A: The monetary benefit or reward earned by an individual or business by producing goods or services,…
Q: Are there 2 types of business cycles?
A: Trade cycles or business cycles refers to the progression of the economy over a period of time.…
Q: what are the causes of economic fluctuati
A: Answer -
Q: Which of the following groups would tend to benefit from a period of rapid deflation? (i) People…
A: Rapid deflation is the sudden decrease in prices. Real income= nominal income / price People living…
Q: What is the importance of this macroeconomic (GDP) indicator? Is it also important for Qatar?
A: 1a) Gross domestic product is important on the grounds that it gives data about the size of the…
Q: What are the definitions of nominal and real changes in macroeconomics?
A: Nominal value in economics is calculated in monetary terms, whereas actual value is calculated…
Q: Which sector of the economy contributed the most to the change in economic activity in 2017?
A: In 2016, Net injection: $50 billion Leakage: $100 billion In 2017, Exports(X)=400, Imports(M)=450,…
Q: Should people typically pay more attention to their real income or their nominal income? If you…
A: Real income is the income which considers the effect of the increase in the price levels, that is,…
Q: What is the process used to evaluate the net economic change brought about by an event?
A: When talking about evaluation of net economic changes in the given situation due to the occurrence…
Q: GNP endeavours to quantify the yearly creation of the econ-omy. Non-productive exchanges ought not…
A: The Gross National Product (GNP) is an estimate of the total worth of all final goods and services…
Q: Answer the question completely. 1. Critics charge that GNP is grossly inadequate in so far as…
A: Gross national Product (GNP) refers to the economic measure that is used to provide information…
Q: business cycle?
A: ‘Business cycle’ refers to a fluctuation in production, employment, trade and general activity in an…
Q: QUESTION 10 Suppose that the capital stock depreciates. Which picture best represents the change in…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is real GPD? Why do economists prefer to use that as a measurement over regular GPD? Explain.
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Distinguish between real and nominal GDP. Which one is a better measure of the business cycle?
A: The GDP is the summation of money value of all the final goods and services produced within the…
Q: itutions on econom
A: Extractive institutions are those which are designed in order to benefit a few and privileged elites…
Q: Business Cycles What unticipated Changes lead to economic booms? What unticipated Changes lead to…
A: Due to typo error in the question (unticipated), answer does not specifically mentioned about…
Q: How to evaluate the net economic change brought about by an event?
A: Economic Impact:- The entire proportion of total money flowing into a specific region as a result…
Q: GDP is very widely used throughout the world as a measure of Economic health. Give an example,…
A: The GDP is the summation of the monetary value of all the goods and services produced within the…
Q: The percentage of people who work part-time for non-economic reasons is relatively steady over time.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is Business Cycle? Definition of leading, coincident, lagging indicator?
A: An economic cycle that reflects the rise and fàll of national GDP over the long term. The business…
Q: The national income accounts for a hypothetical country, Hypothetica, appear in the table below. c.…
A: Gross domestic product of a country is the sum total of money value of goods and services produced…
Q: UDP using income approach c. Suppose that in the next year export decrease to 1650 million. Import…
A: Gross domestic product (GDP) is the standard measure of the value added created through the…
Q: Why there is direct relationship between unemployment and recession in 2020?
A: The rising unemployment rate cause decreases in output growth which leads to recession and due to…
Q: If real GDP grows at an annual rate of 1.19% then we can expect real GDP to double in approximately…
A: We will use the rule of 70 to calculate how many years will it take for the GDP to become its…
Q: Explain the following Figure. What is its substantive meaning?. Life expectancy, income and…
A: Answer: Introduction: Life expectancy at birth: life expectancy at birth refers to the expected…
Q: a. What is nominal GDP in 2020 and in 2021? b. Using 2020 as the base year, what is real GDP in 2020…
A: Nominal Gross Domestic Product (Nominal GDP) is the total market value of all goods and services…
Q: suppose an increase in productivity increases nominal GDP by 6% and inflations is 3% what is the…
A: here we calculate the real GDP growth by using the given data and real gdp show the inflation…
Q: Answer the question completely and correctly. 1. Critics charge that GNP is grossly inadequate in…
A: In economics, critics are the negative statements about a specific theory, concepts or findings by…
Q: The following table gives real GDP for a small economy going through a business cycle. Real GDP…
A: Business cycle refers to the ups and downs in the level of economic activities that extend for…
Q: what kind of relationship is between GDP and unemployment
A: GDP from expenditure approach includes consumption expenditure, investment expenditure, net exports…
Q: Which one of the following variables in pro- cylical? (a) the unemployment rate (b) the job-finding…
A: A positive correlation between the value of a good, a service, or an economic indicator and the…
Q: Robert Solow, winner of the 1987 Nobel Prize in economic sciences, once wrote, “If you have to be…
A: For his contributions to the "theory of economic growth", Robert Solow received the Nobel Prize in…
Q: What is business cycle in economics and what are the four phases of business cycle?
A: According to the given question Business cycle in economics is defined as in general the amount of…
Q: Piketty (2014) argues that a fall in the growth rate of the economy is likely to lead to an increase…
A: Since the question you have posted consists of multiple parts, we will answer the first three parts…
What is comovement? How is comovement related to
the business cycle facts presented in this chapter?
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- Name several forms of indexing in the private and public sector.Consider the following data on Prices and Quantities of T-Shirts and Pajamas 4. What wasthe growth rate ofNominalGDP between 2016and 2017? 5. Was the growth rate of real GDP higher or lower that the growth rate of nominalGDP?ExplainWhat is Business Cycle? Definition of leading, coincident, lagging indicator?
- How is GDPaffected by the nominal and effective interest ratesSuppose 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 ?What is meant by business cycle? What are the leading and lagging indicators of forecasting a business cycle? Explain with examples.
- In an economy, if 5 percent of the employed lose their job every month (s = 0.05) and 15percent of the unemployed find a job every month (f = 0.15), what is the steady rate ofunemployment of the economy?Mf4. Which one is the preferred economic stage in a business cycle? Peak Expansion Trough Recession 2.How can the economic cycle be interpreted?
- How is interest rate calculated when using intertemporal consumption between two periods. Can a formula be provided, please? Subject area intertemporal consumption (microeconomics) For reference : Income 1 Income 2 Consumption 1 Consumption 2 (How is the interest rate calculated if given the figures for Income 1, Income 2, Consumption 1 and Consunpmtion 2 . Please explainSuppose that the nominal GDP in 2017 was $3,968 (in thousands) and 2018 is the base year. Nowthe nominal GDP for years 2018 and 2019 will be the sum of the nominal GDP of the previousyear and the cost-of-living adjustment (COLA.) for the current year. [COLAs per year are equalto the percentage increase of the rate of inflation.] When we calculate the nominal GDP this way,what is this economy’s real GDP each year?What is the effect of the Covid-19 pandemic on the Business Cycle? Put some reference from Bangladesh and its economic growth.