How has the huge increase in women in the labor market in the last 50 years affected our various macroeconomic measures? (2 points) Your instructor is quite certain that when the BEA (Bureau of Economic Analysis) releases GDP statistics for 2016 (at the end of January 2017), nominal GDP for 2016 will be larger than it was in 2015. Give some reasons why he thinks this will be the case. (2 points)

How has the huge increase in women in the labor market in the last 50 years affected our various macroeconomic measures? (2 points) Your instructor is quite certain that when the BEA (Bureau of Economic Analysis) releases GDP statistics for 2016 (at the end of January 2017), nominal GDP for 2016 will be larger than it was in 2015. Give some reasons why he thinks this will be the case. (2 points)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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