Homework Answers
When there is an improvement in the technology, there is an increase in the productivity so that the production possibilities Frontier shifts to the right. First option is correct
circular flow of money does not show the equality between the aggregate spending and aggregate income. This is shown by the goods market equilibrium. Second option is correct
First option is correct because GDP includes only the final value of goods and services that are produced within the national territories of a country.
Third option is correct where real GDP keeps the price level fixed and measures only the change in the output level.
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An in technology causes the production possiblities frontier (PPF) to shift to the right. pivot upward...
1. Economic growth can best be shown by: a. An outward shift of the production possibility...
1. Economic growth can best be shown by: a. An outward shift of the production possibility frontier b. An inward shift in the production possibility frontier c. A fall in GNP d. A lower GDP per person 2. A current account trade deficit means that... a. spending on imported goods and services equals the export earnings over a given period b. spending on imported goods and services is greater than the export earnings over a given period c. spending on...
31. Which one of the following would not shift the aggregate demand curve? a. a change...
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
Which of these is the most ideal measure of aggregate output? a. nominal GDP &
Which of these is the most ideal measure of aggregate output? a. nominal GDP b. real GDP c. gross national product d. personal income e. disposable income How is GDP calculated? a. by subtracting the value of all goods and services produced by the government and the value of those produced by the private sector b. by measuring the economy's price level during a particular year c. by adding up the quantity of all goods...
3. To measure how prices change over time economists are using: The index called the GDP...
3. To measure how prices change over time economists are using: The index called the GDP deflator The market value of all goods and services produced in a given year expressed in the prices of the same year The value of all goods and services produced in a given year in the prices of the base year Real GDP divided by the population
As prices rise, a fixed money supply will be able to buy fewer goods and services....
As prices rise, a fixed money supply will be able to buy fewer goods and services. This real balance effect is due to a(n) reduction in the interest rate. Increase in aggregate demand Decline in the purchasing power of the fixed quantity of money. Increase in income. The international substitution effect exists because a Higher price level will reduce interest rates and stimulate foreign investment. Lower price level will make domestically produced goods less expensive relative to foreign goods. Higher...
11. In which of the following conditions is the inflation rate likely to fall and the...
11. In which of the following conditions is the inflation rate likely to fall and the unemployment rate likely to rise? A) boom B) stagflation C) hyperinflation D) recession 12. Human capital is A) the money people have. B) the machines people own. C) the mental or physical skills people have. D) the property people own. 13. Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B)...
if anyone could help with these it would mean the world! just study guide questions! please...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
A good produced in 2000 and held in inventory until it is sold in 200 would...
A good produced in 2000 and held in inventory until it is sold in 200 would be included in which measure of GDP? a. Half the value in 2000 and half the value in 2001 b. In 2001 GDP c. In both 2000 and 2001 GDP d. In 2000 GDP 10_ Gross domestic product is the total pro-duced within a country in a giv time period. A) market value of all final and intermediate goods and services B) market value...
Over the last 25 years, according to the United States balance of payments there is no...
Over the last 25 years, according to the United States balance of payments there is no clear relationship between the current account balance and the capital and financial account balance. the current account and the capital and financial account balances tend to move in the same direction. the current account and the capital and financial account balances tend to move in opposite directions. the official settlements balance fluctuates greatly from year to year. Potential GDP is the the long-run sustainable...
Can you think of anyway that a country (any country) makes money and increases GDP that...
Can you think of anyway that a country (any country) makes money and increases GDP that may not be a true benefit to society? Recall that, Gross domestic product tracks the health of acountry's economy. It represents the value of all goods and services produced over a specific time period within a country's borders. ... Investors can use GDP to make investments decisions—a bad economy means lower earnings and lower stock prices.
31. Which one of the following would not shift the aggregate demand curve? a. a change in the price level. b. Depreciation of the international value of the dollar c. A decline in the interest rate at each possible price level. d. An increase in personal income tax rates. 32. The short-run aggregate supply curve (SRAS) shows the relationship between The general level of prices and the quantity of goods and services purchased by all consumer sin the economy. b....
11. In which of the following conditions is the inflation rate likely to fall and the unemployment rate likely to rise? A) boom B) stagflation C) hyperinflation D) recession 12. Human capital is A) the money people have. B) the machines people own. C) the mental or physical skills people have. D) the property people own. 13. Gross domestic product is a measure of the total value of all A) sales in an economy over a period of time. B)...
if anyone could help with these it would mean the world! just
study guide questions! please number answers in order pictures are
sent would help so much thank you!
Gross domestic product is defined as Select one: 0 a. the quantity of all final goods and services demanded with a country in a given period of time. O b. the quantity of all final goods and services supplied within a country in a given period of time. O c. the...
A good produced in 2000 and held in inventory until it is sold in 200 would be included in which measure of GDP? a. Half the value in 2000 and half the value in 2001 b. In 2001 GDP c. In both 2000 and 2001 GDP d. In 2000 GDP 10_ Gross domestic product is the total pro-duced within a country in a giv time period. A) market value of all final and intermediate goods and services B) market value...
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