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Business cycle (4 phases)
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- The Consumer Price Index (CPI) is: a. A basket of goods that the average household uses b. An index of stocks that provide common consumer goods Used in the measurement of inflation C. d. (b) and (c) e. (a) and (c)Gross Domestic Product - Depreciation = A. Nominal GDP B. Real GDP C. Net Domestic Product D. Per Capita GDPProblem 4 An engineering firm invested $75,000 8 years ago at an interest rate of 5.8%. Average inflation over the time period has been 4.2%. Determine the following: a. The real interest rate. b. The actual value of the money at the end of the 8 years. The actual value of the investment with interest based on the value of money 8 years ago. C.
- If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the value of GNP deflator for the current year?Year Nominal GDP Economic Growth Workers GDP Deflator Capital Population CPI M1 Inflation (with GDP Deflator) 2019 $22,000,000 2.10% 100 110 20,000,000 200 300 $4,000,000 1.10% 2069 $384,000,000 2.80% 150 320 60,000,000 300 1200 $40,000,000 2.90% As you might expect from the increase in nominal GDP compared to the increased in the GDP deflator, real GDP grew over these projected 50 years. Also, population growth was modest given the span of 50 years. Will all of this in mind, by how much did real GDP per person grew on average over these 50 years? Don't forget that this will be an annual growth rate. Please show your work and explain you reasoning. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Use the data below to answer the ensuing questions. Show your work. (5% each)Item ValueUnemployment Rate 10%Labour Force Participation Rate 70%Not in Labour Force 300,000 persons(a) How many people are in the labour force?(b) How many people are unemployed?(c) What is the total adult population in this economy?
- ECONOMICS BACKGROUND/KEY TERMS/IDEOLOGY AND CONCEPTS/SIMILARITIES/DIFFERENCES i) NeoclassicalThe graph shows the aggregate demand curve in a representative economy. Suppose that there is increased confidence about the economy. Using the line drawing tool, show the effect on the aggregate demand curve, and label your new curve. Carefully follow the instructions above, and only draw the required objects. ept Question 2.19Real gross domestic product Select one: a. measures the value of final goods and services produced within the borders of a given country during a given time period using current prices. b. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing prices. c. is a measure of the overall level of prices. d. can change from one year to the next even if there is no change in output.
- Definition of circular flowb-2. What is the ratio of real assets to total assets? Ratio of real assets to total assetsMathematics economics topic. On 1st January every year a person buys National Saving Certificate (NSCS) of value exceeding of his last years' purchase by dollar 100. After 10 years, he finds that the total values of the certificates purchased by him is Dollar 5000. Find the value of the certificate purchased by him in (i) the first year, and (ii) in the 8th year.
