Give all answers in details No AI use=1.The Nullification Crisis of 1832 centered around2.Ehrenreich refers to Winn-Dixie's 'onerous application process' in Nickel and Dimed. What does this mean?3.Why are economists always so concerned with GDP?4.A word that means the same thing as consumer is. Strict No AI use. There is AI detector

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1. Data on business investment can be a good indicator of whether the economy will likely be in a recession soon. This kind of data is called a  ________  economic indicator. 2. Similarly, data on personal income can be a good indicator of whether the economy is currently in a recession. This kind of data is called a  ________  economic indicator.

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Only typed answer and please don't use chatgpt  Suppose one economist believes the target rate of unemployment is 4 percent while another believes it is 4.9 percent. Using Okun’s rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $9 trillion economy?

Ans 2

1. If a product or service that is legal within our economy suddenly become illegal, how would our GDP be affected? 2. Why is GDP important?

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B If nominal GDP is $10,700 billion and the GDP deflator is 110.5, real GDP is   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.

"During a recession more people qualify for unem ployment insurance . This will increase the government spending category of GDP and help reduce the sever ity of the recession " Do you agree with this statement ? Why or why not