se the following information to answer the next 5 questions. Year 2008 2018 Nominal Debt 150 500 Nominal GDP 1,000 2,500 Price Level/GDP Deflator 150 200 The debt-to-GDP ratio in 2008 was _ and in 2018 was Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.15; 0.20 0.30 ; 0.40 0.19;0.38 d 0.10 ; 0.30

se the following information to answer the next 5 questions. Year 2008 2018 Nominal Debt 150 500 Nominal GDP 1,000 2,500 Price Level/GDP Deflator 150 200 The debt-to-GDP ratio in 2008 was _ and in 2018 was Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.15; 0.20 0.30 ; 0.40 0.19;0.38 d 0.10 ; 0.30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the figure below: Insurance and pensions 11.9% Item a. Entertainment b. Transportation c. Clothing Housing 32.8% Item Weight 0.053 0.159 0.03 Entertainment 5.3% Transportation 15.9% Price Change 20% -8% 100% Health care 8.1% Source: U.S. Bureau of Labor Statistics, Consumer Expenditure Survey (2018 data). Use the item weights in the figure to determine the percentage change in the CPI that would result from a(n) a. 20 percent increase in entertainment prices. b. 8 percent decrease in transportation costs. c. doubling of clothing prices. (Note: Review the table titled "Computing Changes in the CPI" in your text for assistance.) Instructions: Enter your responses as a percentage rounded to two decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Food 12.9% Impact on CPI (Inflation Effect) Clothing 3.0% Miscellaneous 10.1%
Consider the following economy below in 2010 and 2020. What is the debt-to-GDP ratio in 2020? Year 2010 2020 Nominal Debt 1000 2500 Nominal GDP 4000 8000 Price Level/GDP Deflator 100 150 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 0.17 b 0.25 0.31 d 0.63
2. Calculating the debt to GDP ratio Suppose the following statistics characterize the financial health of the hypothetical economy Spendia at the end of 2017: • Gross domestic product (GDP) is equal to $100 billion. • The national debt is equal to $130 billion. • The government has a budget deficit of $7 billion. • The debt ceiling in Spendia is set at $148 billion. The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Complete the first row of the following table by computing the ratio of national debt to GDP. Suppose that nominal GDP remains at $100 billion in 2018, and again the government runs a budget deficit of $7 billion. For simplicity, assume the interest rate on the national debt is 0%, and no payments are being made to reduce the debt. Calculate national debt and the debt-to-GDP ratio in 2018. Enter these values in the second row of the following table. Year 2017 2018 GDP National Debt (Billions of dollars) (Billions of…
2. Use the data below to do a 3 year and 5 year moving average. Explain what happens to the data. Year Data 1996 92.00 1997 101.00 1998 112.00 1999 124.00 2000 135.00 2001 149.00 2002 163.00 2003 180.00
Give typing answer with explanation and conclusion What is the ranking of the following provincial and local government expenditure categories from largest to smallest? a. health, social services, education b. social services, debt service, education c. debt service, health, education d. health, education, social services
Given below is the total Disposable Personal Income in Oman from 2010–2018. Draw a time series graph to show the analysis.Year Income (in 000s)2010- 50002011- 30002012 75002013- 80002014- 85002015 95002016 100002017 105002018 11000In which year the income shows a downward trend from the graph. Select one:a. 2016b. 2018c. 2015d. 2011
1. Key facts about economic fluctuations The graph included below approximates United States business cycles between quarter one of 1953 and quarter three of 1957. The shaded region denotes periods of six or more consecutive months of declining real gross domestic product (real GDP). REAL GDP (Billions of dollars) 2700 2600 2500 2400 2300 1953 1954 1955 1956 1957 (?)
is Percentage of Households Percentage of income From the graph above, we can say that the bottom 60% of the population in Country B gets aggregate income in the economy, while the top 20 % of the population in Country A gets income in the economy % of the % of the aggregate
The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP). 2800 REAL GOP (Billions of dollars) N 2700 2000 2500 2400 1055 1906 1967 True YEAR False Source: "Current-dollar and Real GDP Bureau of Economics Analysis, last modified May 1, 13, accessed May 15, 13, http://www.bea.gov/national/xl/gdple.al 1958 Notice that real GDP trends upward over time but experiences ups and downs in the short run. These short-run fluctuations in real GDP are often referred to as 1959 True or False: Short-term fluctuations in real GDP are irregular and unpredictable. Car sales increased. Consumer spending increased. Total real income declined. The unemployment rate increased. Which of the following probably occurred as the U.S. economy experienced declining real GDP in 19577 Check all that apply.
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