MACROECONOMICS FOR TODAY
10th Edition
ISBN: 9781337613057
Author: Tucker
Publisher: CENGAGE L
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Question
Chapter 9, Problem 5SQ
To determine
The equilibrium GDP of the economy.
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Give an example of something that would increase GDP but would be considered undesirable and explain why. Explain the difference between real GDP and nominal GDP including which is used by economists to measure economic well-being and why they use it.
1-
When opening a print shop you need to buy printers, computers, furniture, and similar items, economists call these expenditures is capital investment.
Select one:
a. False
b. True
2-
M/S - Saud Bahwan Group, Muscat buys 30 Hyundai Accent cars from South Korea to sell during 2018 Ramadan sale. Each car is purchased at a cost of 8500 OMR. Which component of the GDP shows the reflection and how much?
Select one:
a. Consumption - OMR 255,000
b. Imports – OMR 255,000
c. Government purchases - OMR 255,000
d. Investment - OMR 255,000
During this time of COVID, many of us have enjoyed 'stimulus' payments from the US Treasury for amounts like $600 or $1200. In fact, every month I am getting a child tax credit in the amount of $700 (yes, I have a lot of kids!). How are these stimulus payments appearing in the GDP (if at all)? What specific component of GDP? What is the reason for these payments?
Chapter 9 Solutions
MACROECONOMICS FOR TODAY
Ch. 9.4 - Prob. 1YTECh. 9 - Prob. 1SQPCh. 9 - Prob. 2SQPCh. 9 - Prob. 3SQPCh. 9 - Prob. 4SQPCh. 9 - Prob. 5SQPCh. 9 - Prob. 6SQPCh. 9 - Prob. 7SQPCh. 9 - Prob. 8SQPCh. 9 - Prob. 9SQP
Ch. 9 - Prob. 10SQPCh. 9 - Prob. 1SQCh. 9 - Prob. 2SQCh. 9 - Prob. 3SQCh. 9 - Prob. 4SQCh. 9 - Prob. 5SQCh. 9 - Prob. 6SQCh. 9 - Prob. 7SQCh. 9 - Prob. 8SQCh. 9 - Prob. 9SQCh. 9 - Prob. 10SQCh. 9 - Prob. 11SQCh. 9 - Prob. 12SQCh. 9 - Prob. 13SQCh. 9 - Prob. 14SQCh. 9 - Prob. 15SQCh. 9 - Prob. 16SQCh. 9 - Prob. 17SQCh. 9 - Prob. 18SQCh. 9 - Prob. 19SQCh. 9 - Prob. 20SQ
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