31. What are three methods of calculating GDP. Do they end up with the same number? Please elaborate 32. What are intermediate goods? Why do economists exclude the value of intermediate goods while calculating national income? 33. Compare and contrast the U.S. economic record prior to 1940 and after 1950. How do the two time periods differ? What best explains the differences according to a macroeconomist? 34. Why do price levels increase when government adopts fiscal or monetary policy to correct the economy when it faces a recession and high unemployment? 35. Are there key differences between an increase in the capital stock and an improvement in the level of technology? 36. Describe how the labor force, the nation's capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity. 37. High unemployment is socially wasteful. Why?
31. What are three methods of calculating
32. What are intermediate goods? Why do economists exclude the value of intermediate goods while calculating
33. Compare and contrast the U.S. economic record prior to 1940 and after 1950. How do the two time periods differ? What best explains the differences according to a macroeconomist?
34. Why do price levels increase when government adopts fiscal or
35. Are there key differences between an increase in the capital stock and an improvement in the level of technology?
36. Describe how the labor force, the nation's capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity.
37. High unemployment is socially wasteful. Why?
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