Question 2 (1 point)Si un petit pays a un PIB nominal actuel de 20 milliards de dollars et un déflateur duPIB de 50, quel est son PIB réel?a) $100 milliards de dollarsb) $40 milliards de dollarsc) $10 milliards de dollarsd) $4 milliards de dollars

It is possible to measure the economic output of a nation by calculating its Gross Domestic Product…

Answered: Question 2 (1 point) Si un petit pays a…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter22: Inflation

Section: Chapter Questions

Problem 7SCQ: Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at...

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2.The Secretary of the Treasury was authorized by Congress to mint and sell a stated number of commemorative coins to raise funds to restore and renovate the Statue of Liberty. The U.S. Mint mailed advertising materials to persons, including Mary and Anthony Mesaros, that described the various types of coins that were to be issued. Payment could be made by check, credit card, or money order. Directly above the space provided on the order form for the customer’s signature was the following: “YES. Please accept my order for the U.S. Liberty Coins I have indicated. “ Mesaros forwarded to the Mint a credit card order for $1,675 for certain coins. Cash orders were processed before credit card orders. The 500,000 authorized coins were distributed before the Mesaros’ credit card order was able to be processed. The Mint notified the Mesaros that their order would not be filled. The coins increased in value 200% within the first few months after distribution. The Mesaros sued the U.S.…
Go to this website (http://www.measuringworth.com/ppowerus/) for the Purchasing Power Calculator at measuringWorth.com. How much money would it take today to purchase what one dollar would have bought in the year of your birth?
6) The value of 100 South Korean Won (KRW) against the Japanese Yen (JPY) rose from9.7730 in May 2014 to 11.1710 on May 1, 2015. What was the percentage change inits value?
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T chart of Canny bank Assets Liabilities Reserve: $10,000 Demand Deposit: $200,000 Government bonds: $300,000 Owners equity: $110,000 Laceland buys $50,000 of government from canny bank. (Money multiplier = 20) Maximum change caused by this is $1,000,000 change. (a)Based on this change above, Try to calculate the change in nominal gross domestic product based on the change above. (Use mv=py) (b) Assume the economy os Econland is initially at full employment, Does change ($1,000,000) increase, decrease, stay the same the real output in the long run? Explain.
Suppose the Consumer Price Index for 2012 was 121.8 and for 2014 it was 125.2. (a) Determine the purchasing power of the dollar in 2012 and 2014 relative to the base year 2002. (b) Compute the purchasing power of the dollar in 2014 relative to 2012. (a) The purchasing power of the dollar in 2012 is. (Round to three decimal places as need.) The purchasing power of the dollar in 2014 is (Round to three decimal places as need.) (b) The purchasing power of the dollar in 2014 relative to 2012 is. (Round to three decimal places as need.)
The accompanying table lists the foreign exchange rate between U.S. dollars and British pounds (GBP) during May 2020. Of the dates in the table, 05- would have been the best day for converting US $500 into British pounds and 05- would have been the worst day for converting US $500 into British pounds. (Type whole numbers.) The difference in pounds between these two dates would be £. (Round to two decimal places as needed.) Date 05-01 05-02 05-03 05-04 05-05 05-08 05-09 05-10 05-11 05-12 05-15 $/£ 1.2917 1.2921 1.2916 1.2910 1.2950 1.2942 1.2939 1.2939 1.2885 1.2880 1.2917 Date 05-16 05-17 05-18 05-19 05-22 05-23 05-24 05-25 05-26 05-30 05-31 $/£ 1.2912 1.2944 1.3009 1.3018 1.3006 1.2984 1.2935 1.2954 1.2795 1.2858 1.2905
Question 4 Between 2015 and 2016, the CPI of a small nation rose from 1.82 to 1.85. If household incomes rose by 3% during that period of time, which of the following is true? O The purchasing power of household income fell between 2015 and 2016. O The purchasing power of household income rose between 2015 and 2016. O The purchasing power of household income remained constant between 2015 and 2016. O The CPI cannot be used to determine how the purchasing power of household income changes over time.
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Table 22.4 shows the fruit prices that the typing college student purchased from 2001 to 2004. What is the amount spent each year on the basket of fruit with the quantities shown in column 2?

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Question 2 (1 point) Si un petit pays a un PIB nominal actuel de 20 milliards de dollars et un déflateur du PIB de 50, quel est son PIB réel? a) $100 milliards de dollars b) $40 milliards de dollars c) $10 milliards de dollars d) $4 milliards de dollars