Business cycles are a. movements in stock prices. O b. the transfer of executives between firms. c. movements of GDP above or below trends. d. a description of the time required to bring a new product to market.
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- Practice 2 Sovyl Consider the following data on the X-product: 50 GDP deflator year price of X quantity of X Nominal GDP (base year 2005) 2010 $11.50 105,000 125 2011 $11.96 106,000 130 a) What was the growth rate of nominal GDP between 2010 and 2011? b) What was the growth rate of the GDP deflator between 2010 and 2011? c) What was real GDP in 2010 measured in 2005 price? d) What was real GDP in 2011 measured in 2005 price?a. What do households do in the factor market, buy or sell? A. buy B. sell b. In the Factor Market do firms buy or sell? A. buy B. sellHow much are they spending for the products of the country. a. consumption b. investment c. gross national product d. all of the above
- Value added means A. The final value of the good or service produced B. The value of of good sold in the beginning of the production process C. Value of intermediate good D. The difference between the output value and input cost of each step in the production processWhat is investment? A. Expenditure on goods produced but not consumed during the period under consideration B. Expenditure on goods produced and consumed during the period under consideration C. Expenditure on goods by the government. D. Expenditure on wages1.Which of the following prices would you expect to rise rapidly over long periods? Why? a. Cable television rates b. Football tickets c. Internet access d. Household cleaning services e. Driving lessons
- dont chatgpt i will 5 upvotes Which of the following economic news items suggests a less favourable environment for investment? Select one1: A. Rising interest rates B. The Government lowers personal income tax C. GDP growth has increased D. All of the conditions suggests a less favourable environment for investment E. All of the conditions suggests a more favourable environment for investmentWhen GDP increase ?An economy produces only food and fun. The table shows the quantities produced and prices in 2018 and 2019. The base year is 2019. Question Help ▼ Calculate the value of 2019 production in 2018 prices and the percentage increase in production when valued at 2018 prices. In 2018 Item Quantity Price Food The value of 2019 production in 2018 prices is $ 97 $3 Fun 70 $2 In 2019 Item Quantity Price Food 71 $9 Fun 67 $8 Enter your answer in the answer box and then click Check Answer. Check Answer 1 part remaining Clear All DII DD 000 000 F11 F12 80 F9 F10 F7 F8 F6 F4 F5 F3 ) & 24 delet 4 5 6. 7 8 P Y U [ G H J K R
- A quantity index which is designed to measure changes in the physical volume of production levels of industrial goods over time is the a. Index of Industrial Production. b. Producers index. c. Quantity index. d. Paasche index.Final goods and services a. Are only foods and services consumed by people b. Are goods and services tht are produced by firms, not individuals c. Include capital and investories d. Do not include inventories but include capitalThe curve in the figure at right will shift to the right when A. the proportion of the population that is elderly increases. B. population falls. C. the price level falls. D. labor productivity increases. Real GDP per YearPrice Level