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- question 6 macroeconWhat is the importance in macroeconomics of measuring per capita GDP? Provide examples and explain your answer. Requirements: Each response must be 250 to 300 words. When using reference material, you must properly cite the sources using in-text citations with the APA style. You must also include a reference list.If Nominal GNP is $21,000 and real GNP is $13000 Find the value of GNP deflator
- A nation’s gross domestic product is… a) C + I + G + (X-M)b) The total amount of money in circulationc) The total market value of all the intermediate goods and servicesd) The sum of value added at some stages of the production processIf Nominal GNP is 20,000 and Real GNP Is 16000 Calculate GNP deflatorGDP minus depreciation is the formula used to calculate a- Net national product b- Gross natioal Product c- Gross Domestic Product d- Natioal income
- The AD-AS graph below illustrates the U.S. economy at the end of 2021. Actual real GDP was $18.4 trillion, and full employment output was $19.3 trillion. On the graph, use the drag tool to illustrate the impact of the 8 million $600 payments by shifting the aggregate demand line or short-run aggregate supply line the in the appropriate direction.A pattern of expansions and downswings discerning economic activity over anumber of years is known as:(a) cyclical instability.(b) economic growth.(c) business cycle.(d) business cycle indicatorsFast pls
- question 8 macroneconUse the table below: Government spending Social Security 20 Contributions Corporate taxes 5 Personal 8 income taxes Rent Wages 50 Gross Private Domestic Investment 54 Consumption 250 expenditures 40 Profit Indirect business taxes Imports Exports 28 transfer payments 10 5 3 Interest 5 Depreciation 10 Government 8The Prime Minister of your country has requested your assistance to analyze your country’s GDP for the past 5 years. He expects you to provide: i. A trend analysis and thoroughly explaining the primary reasons for growth or decline in GDP. ii. Three (3) recommendations on what can be done within your country to improve GDP. Provide examples and reference data. COUNTRY TO USE IS JAMAICA
