rate that is and an annual growth rate in real GDP that averages. Select one: O a. less than 10 % ; 5% or more. O b. less than 5% ; 2% or more. O c. no more than 0%; greater than 0%. O d. less than 8% at least 10%. Im for an unemployment
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![As for the macroeconomic
rate that is
goals for the U.S. economy, both politicians and economists aim for an unemployment
and an annual growth rate in real GDP that averages.
Select one:
O a. less than 10%; 5% or more.
O b.
less than 5%; 2% or more.
O c.
no more than 0%; greater than 0%.
O d. less than 8% at least 10%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6fdd5c77-34a6-4e6c-b72a-2ede91e3b6e3%2Fb8f6c967-a7e3-4885-9d4a-2c0dc791a40b%2Fyql0o4_processed.jpeg&w=3840&q=75)
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- An economic expansion rather than a recession occurs Select one: O a. when growth in real GDP is positive. O b. when the unemployment rate falls below 5 percent. O c when the federal budget is balanced. O d. when the unemployment rate is not changing.The curve in the figure at right will shift to the right when O A. population falls. O B. the price level falls. OC. labor productivity increases. O D. the proportion of the population that is elderly increases. Price Level Real GDP per Year Q QIf the value of the goods and services a country produces decreases while its population stays the same, which statement must be true? O A. The country's rate of inflation has increased. O B. The country's per capita GDP has decreased. C. The country's unemployment rate has decreased. OD. The country's total GDP has increased. O O O
- Real per capita GDP across the world has stayed constant since the year 1800. O true O false Which of the following would you need if you were computing U.S. real GDP in 2020? Prices from and quantities from _____. O 2012, 2020 O 2012, 2012 2020, 2020 O 2020, 2012 If nominal wages rose by 5% and the CPI grew by 3%, then how much did real wages grow by? OO O +2% O -5% O -2% O +5%If the Consumer Price Index changes from 118 in the year 2009 to 127 in the year 2011, the average rate of inflation per year over this two-year period is approximately O A. 7.6 percent. О В. 2.4 рercent. O C. 4.7 percent. O D. 8.7 percent. ОЕ. 3.7 регcent.Which of the following statements are true? Select one or more: O a. A recession is a downturn in the rate of growth of GDP O b. The length of a single business cycle is measured from its peak to its trough c. A recession in the UK is at least two consecutive quarters of negative growth in GDP. O d. Recession in the UK occurs every 7 years.
- During a business cycle expansion, total production and total employment Select one: O a. decreases; decreases O b. increases; decreases C. increases; increases O d. decreases; increasesIf the base year is 2006, the real GDP will not be calculated for 2005. This statement is O a. Can not determine O b. None of these O c. False statement O d. True statementReal GDP can grow/increase for two reasons, but which one represents economic growth? ○ The economy might be returning to full employment in an expansion phase of the business cycle. O Potential GDP might be increasing. ○ The return to full employment in an expansion phase of the business cycle. O Noen of the above are correct.
- What is the quantity of real GDP produced if the real wage rate is at the full-employment equilibrium level? If the real wage rate is at the full-employment equilibrium level, real GDP is O A. equal to potential GDP, which is efficient but is not the most that can be produced. O B. equal to potential GDP, which is the most that can be produced O C. at its highest attainable and efficient level O D. at or below potential GDP depending on the level of employment Click to select your answer.ctrl tab shift ↑ caps lock REAM Stream esc Question 3 K →1 Moving to another question will save this response. fn Which of these is among the principal determinants of economic growth? O the financial system stabilization policy the government budget deficit the central bank inflation A Moving to another question will save this response. O Type here to search ? (2 2 N W S f3 # 3 alt x f4 101 LA 4 Ai E R C % LL LO 5 T 6 G f7 hp & Y 7 H fg a V B N CO 19 8Assume that real GDP per capita in Country X is currently $50,000 per person. Also, assume that real GDP per capita in Country X grows at a rate of 2% per year. Rounding to the nearest 2 decimals, the real GDP per person in Country X in 10 years will be approximately 3.7 points Save Answ O a. $66,124 O b. $60,000 O. $58,272 Od. $61,000
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