How relation with Gdp can be reliable indicator of standard of living and use fiscal and monetary policy for current macroeconomic issues

Q: your opinion, which economic indicator, nominal GDP, real GDP,  or inflation, do you believe…

A: Real GDP provides a clearer picture of the state of the economy than nominal GDP and inflation.

Q: Explain why the HDI might be better than real GDP as a measure of economic welfare.

A:

Q: How will you identify the factors affecting long-term level and growth of national income?

A: National income refers to the value of the production of goods and services in an economy during a…

Q: In reference to the Philippines what can we predict for the next year of its economy?

A: The system a society uses to produce, distribute, and consume products and services is referred to…

Q: how are you going to describe the economic condition experienced by our country in terms of…

A: The economics as a study is based upon the basic idea of scarcity, where the resources which are…

Q: How relate with gdp can be reliable indicator of standard of living and use fiscal and monetary…

A: Macroeconomic aggregates are statistical indicators of a country's overall economic success. The…

Q: NDP=GDP net of what?

A: Net domestic Product (NDP) is calculated as Gross domestic Product (GDP) minus depreciation. Allow…

Q: True or false  GDP is a macroeconomic concept.

A: A subfield of economics known as macroeconomics focuses on the economy as a whole rather than…

Q: Which of the four macroeconomic targets can the graph above (showing the share of labour payments in…

A: Macroeconomic objectives are essential for controlling and looking after the broader equilibrium and…

Q: Macroeconomics analyzes the growth in production, employment and income of a country in relation to…

A: We study macroeconomics for a better tomorrow. It studies an economy as a whole. Macroeconomics…

Q: By How Much Will U.S. GDP Grow Next Year?

A: It was forecasted in the Federal open market Committee meeting which was held on 11th December,2019…

Q: how consumption, saving and investment relate to national income.

A: National income of a country is generated by considering all the economic activities conducted by…

Q: Why does real GDP always defer from nominal GDP?

A: Real GDP means the value of goods and services produced in the economy during a specific period that…

Q: Explain why a policy mix would result in growth in GDP.

A: Fiscal policy involves the use of government expenditures and taxes to manipulate the economy.…

Q: How does GDP affect the economic development of Haiti (or similiar LDCs)?

A: Answer - Need to find- How does GDP affect the economic development of Haiti (or similiar LDCs)…

Q: List three real life situations that shows a flaw with using GDP as the only indicator of the…

A: GDP (Gross Domestic Product): It refers to the total market value of all produced final goods and…

Q: What are some example possible reasons for a decline in the level of potential GDP?

A: Three reasons for a decline in the level of potential GDP is decrease in the population i.e. the…

Q: Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?

A: GDP or the Gross Domestic Product of the economy is the measure of the final value of all the goods…

Q: tatisticians measure GDP?

A: GDP (Gross Domestic Product): It refers to the production of goods and services in an economy which…

Q: Using the circular flow model, explain what might happen to the level of income of an economy if it…

A: If it is experiences an increase in exports then it causes an increase to the level of income…

Q: How do uncertain conditions like war, terrorism, inflation, unemployment and disputes effect the…

A: War and terrorism will adversely affect the economy. These conditions create fear among consumers…

Q: compare theory with practice about GDP can be reliable indicator of standard of living

A: National income can be described as the aggregate value of services and goods produced from within a…