
need it as soon as posible today please. thanks it is Macroeconomics 20) As per capita...
13) suppose that Sally's nominal wage rises from $1,000 per week to $1,400 per week. If at the same time average prices rise 40%, how much will her real income increase? A) $400 per week B) 40%. C) $200 per week. D) 0%. 14) Suppose nominal GDP increases from $400 billion to $800 billion. If at the same time average prices double, then how much did real GDP increase? A) $0 B) $200 billion. C) $400 billion. D) $800 billion....
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment rate falls. c. labor productivity falls. d. the unemployment rate rises. 8. The unemployment rate is the number of unemployed people, expressed as a. a ratio of total employed to the population. b. a ratio of unemployed to the total employed. c. a percentage of the labor force. d. a percentage of the population. 9. If part of the labor force is unemployed, the...
39. The most important use of GDP is as a measure of the size of the economy which can be used to compare A) True B) False 40. When an economy is in an expansion, A) tends to fall, and overall prices tend to rise. B) and overall prices tend to fall. C) tends to rise, and overall prices tend to fall. D) and overall prices tend to rise 41 You have gone to the bank to borrow money for...
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Macroeconmics
received a 39 increase in your bominal wage and over the year, ination ran about 30) Suppose you received a Which of the following is nie? a) your nominal wage fell b) your real wage feil c) although your nominal wage fell your real waye d) both nominal and real wages increased 31) The actual rate of unemploy rate of employment will be greater than the naturale actual output in weater...
Please help me with questions 5,6,7,8- Thank you!!! I want to
make sure I answer them correctly
UIZNIS d. Investment has little to no impact on a nation's future economic health 5. True of false. Investment is financed by the national savings. a. True b. False 6. The unemployment rate equals divided by a. Labor force, employed b. Unemployed, labor force c. Discouraged workers, labor force d. Labor force, adult population 7. Suppose that 1,000 actively employed adult workers decide...
Suppose that nominal GDP (GDP measured in current dollars) rises by 10% and that inflation is 5%. Which of the following is true? A. Nominal GDP has decreased. B. Unemployment will rise. C. Real (inflation-adjusted) GDP has decreased. D. Real GDP has increased.
2. When aggregate demand increases, what happens to prices and employment? a. Prices will fall and unemployment will rise. b. Prices and unemployment fall. Prices and unemployment rise. d. Prices will rise and unemployment will fall. c. Figure 16-1 a Price Level Inflation Rate c d e 3 Output Unemployment 3. Refer to the Figure 16-1. If the economy starts at c and 1, then in the short run, where does an increase in government expenditures move the economy? a....
21) The U.S. has full employment if unemployment is only the sum of: a) frictional and structural unemployment b) frictional and cyclical unemployment c) structural and cyclical unemployment 22) Housewives/husbands are: a) included in the labor force b) unemployed c) excluded from the labor force d) necessarily considered "discouraged workers" 5) Consumer expectations that prices in the future will rise, will cause the demand curve to shift to the causing equilibrium price to ___and equilibrium quantity to a) right; rise;...
The GDP gap is the difference between: a. frictional unemployment and actual real GDP. b. unemployment rate and real GDP deflator. c. actual real GDP and full-employment real GDP. d. full-employment real GDP and real GDP deflator. Inflation is an increase in: a. prices of all products in the economy. b. homes, autos and basic resources. c. the general price level of products. d. none of these. 46. Suppose that last year you borrowed $100 at 5 percent interest to...
________ unemployment changes slowly and depends on ________. Select one: a. Frictional; the rate at which people enter and exit the labor force b. Seasonal; the rate at which people enter and exit the labor force c. Frictional; the skills of the unemployed d. Structural; the inflation rate e. Structural; the rate at which people enter the labor force --------- An increase in nominal GDP could result from an increase in i. production. ii. prices. iii. subsidies. Select one: a....