How increasing housing prices in the US to its highest historical levels affect the US economy and the four components of expenditures of GDP.
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A: Urbanization: It means shifting of population from rural to urban areas.
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Q: The table below represents the economy of Bruce, IL, which is a small town in Moultrie County. Corn…
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- U.S. net export spending falls when? the inflation rate is lower in the United States relative to other countries. the price level in the United States falls relative to the price level in other countries. the value of the U.S. dollar decreases relative to other Currencies. the growth rate of U.S. GDP is faster than the growth rate of GDP in other countries.In two sectoral economy reflect if the revenues generated by one sector are equal to the expenditures of the other sector using circular flow diagram. (150-500 Word limit)examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.
- What” the most important aspect of consumption, investment, government spending, and net exports in an economy?Personal consumption expenditures in billions of dollars areThe table below represents the economy of Bruce, IL, which is a small town in Moultrie County. Corn is grown and only used in the production of beef (as feed). Rifles are produced but only used by government for policing. Beef and juice are produced and consumed by all citizens. If necessary, use 2012 as your base year. Corn Rifles Beef Juice Price Quantity Price Quantity Price Quantity Price Quantity 2011 $350 1000 $150 100 $5 100 $2 210 2012 $360 700 $175 120 $6 110 $2 220 2013 $380 1100 $165 140 $6 130 $4 220 2014 $400 1200 $185 150 $6 140 $5 200 What is the nominal GDP for 2013?
- Explain the relationship between output and income for both an individual and an entire economy.Write an essay discussing the determinants of national income, consumption, saving and investments, modelling the economy and the government sectorIn australia,What happened to government purchases between 1960 and 2016? Select one: a. they generally fell b. they generally grew c. they grew steadily but declined during recessions d. they fluctuated significantly