Question 32Not yet answered Points out of 1Flag questionThe Fisher effect states that an increase in theincrease.Select one:OA nominal interest; real interestOB. real interest; nominal interestOC. nominal interest; inflationOD. inflation; real interestOE. inflation; nominal interestOF. real interest; inflationrate will cause therate to Question 33Not yet answered Points out of 1 Flag questionThe Kapauku people of the mountains of New Guinea used shells in a number of differenteconomic activities, one being that payment in shells was made as an expression ofsympathy at the death of a distant relative. Used in this way, shells were functioning as aSelect one:OA. unit of account.OB. means of unilateral payment.OC. standard of deferred payment.OD. standard of value.O E. medium of exchange.

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Question 32 Not yet answered Points out of Flag question The Fisher effect states that an increase in the increase. Select one: OA nominal interest; real interest OB. real interest; nominal interest OC. nominal interest; inflation OD. inflation; real interest OE. inflation; nominal interest OF. real interest; inflation rate will cause the rate to

Question 32 Not yet answered Points out of Flag question The Fisher effect states that an increase in the increase. Select one: OA nominal interest; real interest OB. real interest; nominal interest OC. nominal interest; inflation OD. inflation; real interest OE. inflation; nominal interest OF. real interest; inflation rate will cause the rate to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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please answer correct asap plz both are question Dont answer by pen pepar
A period of time against which costs of the market basket in other periods will be compared in computing a price index is called O the inflation period. O the market basket. O the adjustment period. O the base period
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The reference base period is a period for which the is defined to equal Currently, the reference base period is 1982-1984. O A. inflation rate; 1 percent O B. PPI; 110 O C. interest rate; 1 percent O D. CPI; 100 Click to select your answer. DI
Question 2 Part (a) Refer to the table below for a very simple economy producing three goods: education, pizzas and cars. Steel panels are needed for car production, cheese is necessary for making pizzas and projectors are used for educational service. Product Steel panels Education Cars Cheese Pizzas Projectors Quantity 40 400 400 2500 2500 4000 2017 Price $5000 $1000 $10000 $1.50 $9.00 $2000 Quantity 50 450 500 3500 3500 5000 2022 Price $6000 $1100 $12000 $1.50 $12.00 $3000 What is the nominal GDP for the economy in 2022? What was the nominal GDP in 2017? What is the real GDP in 2022 using 2017 prices as base year prices? What is the overall real GDP growth rate between 2022 and 2017? Part (b) Assume for an economy, there are 11.5 million people employed, unemployment rate is 5.2%, labor force participation rate is 64%, number of defence force personnel