Suppose that the dynamic aggregate demand curve in Swaziland is determined by the equation M + U-6%. Using this information, draw Swaziland's dynamic aggregate demand curve on the graph. 14 13 12 Aggregate deman 10 8 5 4 3 2 -4 -3 2 1 0 1 2 3 45 678 9 10 Real GDP growth rate
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- Given below is the the real GDP and potential GDP for the fictitious country "Alpha." a. Use the date to determine the the year-to-year growth rates of real GDP, the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. 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. Year Real GDP Potential GDP Real GDP growth Output gap Type of gap 2005 $17,500 $17,300 % (Click to select) expansionary recessionary 2006 $18,200 $17,800 % % (Click to select) expansionary recessionary 2007 $18,500 $18,300 % % (Click to select) recessionary expansionary 2008 $18,400 $18,800 % % (Click to select) expansionary recessionary 2009 $18,200 $19,300 % % (Click to select) recessionary expansionary 2010 $18,600 $19,700 % % (Click to select) recessionary…Suppose that the annual rates of growth of real GDP of Econoland over a five-year period were as follows: Year Growth Rate 1 4% 2 28 3 -2% 4 48 5 6% What was the average of these growth rates in Econoland over these five years? Instructions: Round your answer to one decimal place. % What term would economists use to describe what happened in year 3? (Click to select) If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been the average growth rate? 1%stion 11 A nation's potential output/GDP is best described as: The maximum growth rate of output/GDP a nation can sustain by keeping taxes low. The maximum level of output/GDP which can be produced with a nation's resources. A high-employment level of output/GDP. The maximum growth rate of output/GDP a nation can sustain by keeping both taxes and interest rates low. The maximum growth rate of output/GDP a nation can sustain by keeping interest rates low. Moving to the next question prevents changes to this answer. JUL 20 tv 11 MacBook Pro O □ A
- Given below is the the real GDP and potential GDP for the fictitious country "Alpha." a. Use the data to determine the year-to-year growth rates of real GDP and the output gap as a percentage of potential GDP, and state whether the gap is a recessionary gap or an expansionary gap. 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. Year 2012 2013 2014 2015 2016 2017 2018 2019 Real GDP $ 17,500 $ 18, 200 $ 18,500 $ 18,400 $ 18,200 $ 18,600 $ 19,200 $ 19,900 Potential GDP Real GDP growth $ 17,300 $ 17,800 $ 18,300 $ 18,800 $ 19,300 $ 19,700 $ 20,100 $ 20,500 % % % % Output gap % % % recessionary recessionary recessionary % recessionary de de Type of gap expansionary expansionary expansionary recessionary % VQ2b: Consider the following data on the Pakistan economy: Sub-parts to be solved Nominal GDP GDP Deflator Year (in billions of rupees) (base year 2012) 2018 21,501 111.4 1998 9,163 76.3 1) What was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). 2) What was the growth rate of the GDP deflator between 1998 and 2018? 3) What was real GDP in 1998 measured in 2012 prices? 4) What was real GDP in 2018 measured in 2012 prices? 5) What was the growth rate of real GDP between 1998 and 2018? 6) Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain.Malaysia’s GDP to grow 6.3% to 7.5% next year, KUALA LUMPUR (July 7): International agencies have forecast that Malaysia's gross domestic product (GDP) growth in 2021 will be in the range of 6.3% to 7.5%, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.The finance minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and nurturing the economy towards recovery and growth. "As Malaysia is an open economy, whether our growth will be a U-shaped or V-shaped recovery will also depend on external factors, such as the recovery of our major trading partners as well as the restoration of global supply chains," he said in his welcoming address at Invest Malaysia 2020 today. Malaysia recorded only five new Covid-19 cases yesterday, with only 198 active cases and an approximately 98% recovery rate to date. "The rate of infections may have been low in our country, but the public have been constantly reminded…
- For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita? What about a middle-income country such as Brazil? A low-income country such as Niger?Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Year Growth Rate (%) 1 3 2 2 3 -2 4 4 5 a. What was the average of these growth rates in Econoland over these five years? Instructions: Enter your answer rounded to 1 decimal place. percent b. What term would economists use to describe what happened in year 3? |(Click to select) ♥ c. If the growth rate in year 3 had been a positive 5 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? Instructions: Enter your answer rounded to 1 decimal place. percentConsider the following data about U.S. real GDP for the George W. H. Bush (1989-1993) and Bill Clinton (1993-2001) administrations: Year Real GDP (US$ billions) 1989 8786.4 1993 9521.0 2001 12682.3 The annualized growth rate for the Busch administration is (round to the nearest two decimals): %
- With lockdowns currently imposed across Europe and North America until mid-April, even in the best-case scenario it will take at least until mid-June for market confidence to be restored in these economies. The implication is that nearly six million workers in Bangladesh’s formal sector – which is largely manufacturing – will be without steady work for an extended period.” a) Which part of the production function do you think the issue mentioned above will affect? Draw two diagrams to show Real GDP and LRAS is affected in the long run. The government should also consider an unconditional cash transfer program for an initial period of three months at a rate of $95 per month, which corresponds to the minimum wage for the formal sector in Bangladesh. This would cost the government roughly $14 billion, or 4% of GDP. While this sort of cash transfer program always suffers from targeting issues, Bangladesh enjoys a highly sophisticated mobile financial services network, which could…Problem 12-03 (algo, with video solution) Given below are data on real GDP and potential GDP for the nation of Anaziland for the years 2009-2013, in billions of 2009 currency. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Also calculate the year-to-year growth rates of real GDP. Instructions: Enter your response as a percentage rounded two decimal places.If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. ces Year 2009 Real GDP Potential GDP Output gap Type of gap Growth rate of real GDP 13,250 13,660 % (Click to select) ✓ 2010 13,990 13,300 % (Click to select) 2011 14,450 13,400 % (Click to select) % 2012 13,880 14,060 % (Click to select) 8 2013 14,080 14,500 % (Click to select) 8 Recessionary gap is identified during O 2009; 2012-2013 O 2009-2010; 2013 O 2010-2011 O 2011-2012Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as follows: Year Growth Rate (X) 1 2 1 3 -2 4 4 a. What was the average of these growth rates in Econoland over these five years? Instructions: Enter your answer rounded to 1 decimal place. percent b. What term would economists use to describe what happened in year 3? Recession c. If the growth rate in year 3 had been a positive 2 percent rather than a negative 2 percent, what would have been Econoland's average growth rate over the five years? Instructions: Enter your answer as a whole number. percent