Macroeconomics >custom<
17th Edition
ISBN: 9781323406977
Author: R. Glenn Hubbard, Anthony Obrien
Publisher: PEARSON
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Question
Chapter 13, Problem 13.4.6PA
Sub part (a):
To determine
The changes in real
Sub part (b):
To determine
The changes in real GDP and potential GDP during 2015 and 2016.
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Students have asked these similar questions
An article in The Economist magazine noted that
'the economy's potential to supply goods and
services [is] determined by such things as the
labour force and capital stock, as well as
inflation expectations'. Do you agree with this list
of the determinants of potential GDP? Briefly
explain.
Briefly discuss what consumer and business confidence in the economy typically reflects and provide examples. Contrast the effects of high consumer and business confidence with low levels of the same. Briefly explain how a rise in confidence will be reflected in the aggregate supply-aggregate demand model.
Use the accompanying table to answer the following questions.
Year
Real GDP (trillions of $)
Potential Output (trillions of $)
2014
$17.11
$17.38
2015
$17.46
$17.69
2016
$17.78
$17.99
2017
$18.22
$18.29
2018
$18.77
$18.65
a. For each year, calculate how much the output gap changed. Compare this to the growth rate of actual output that year, less the growth rate of potential output.
Chapter 13 Solutions
Macroeconomics >custom<
Ch. 13 - Prob. 13.1.1RQCh. 13 - Prob. 13.1.2RQCh. 13 - Prob. 13.1.3RQCh. 13 - Prob. 13.1.4RQCh. 13 - Prob. 13.1.5PACh. 13 - Prob. 13.1.6PACh. 13 - Prob. 13.1.7PACh. 13 - Prob. 13.1.8PACh. 13 - Prob. 13.1.9PACh. 13 - Prob. 13.1.10PA
Ch. 13 - Prob. 13.1.11PACh. 13 - Prob. 13.2.1RQCh. 13 - Prob. 13.2.2RQCh. 13 - Prob. 13.2.3RQCh. 13 - Prob. 13.2.4RQCh. 13 - Prob. 13.2.5PACh. 13 - Prob. 13.2.6PACh. 13 - Prob. 13.2.7PACh. 13 - An article in the Economist noted that the...Ch. 13 - Prob. 13.2.9PACh. 13 - Prob. 13.2.10PACh. 13 - Prob. 13.2.11PACh. 13 - Prob. 13.2.12PACh. 13 - Prob. 13.2.13PACh. 13 - Prob. 13.2.14PACh. 13 - Prob. 13.3.1RQCh. 13 - Prob. 13.3.2RQCh. 13 - Prob. 13.3.3RQCh. 13 - Prob. 13.3.4PACh. 13 - Prob. 13.3.5PACh. 13 - Prob. 13.3.6PACh. 13 - Prob. 13.3.7PACh. 13 - Prob. 13.3.8PACh. 13 - Prob. 13.3.9PACh. 13 - Prob. 13.3.10PACh. 13 - Prob. 13.4.1RQCh. 13 - Prob. 13.4.2RQCh. 13 - Prob. 13.4.3RQCh. 13 - Prob. 13.4.4PACh. 13 - Prob. 13.4.5PACh. 13 - Prob. 13.4.6PACh. 13 - Prob. 13.4.7PACh. 13 - Prob. 13.4.8PACh. 13 - Prob. 13.4.9PACh. 13 - Prob. 13.4.10PACh. 13 - Prob. 13.1RDECh. 13 - Prob. 13.2RDECh. 13 - Prob. 13.3RDE
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