The Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to expectations for the year 2021 and 2022 Real GDP is expected to reach 178 $billions in 2022. What are the main factors that could explain these optimistic expectations?

Q: To achieve full employment, an economy: would have everyone in the labor force employed. would have…

A: Unemployment rate is sum of structural unemployment rate, frictional unemployment rate and cyclical…

Q: What should a country do to push the country out of the Keynesian zone? a. Increase aggregate supply…

A: Keynesian zone is the zone where the equilibrium level of gross domestic product of a country is…

Q: Suppose the real GDP of an economy is $520 billion dollars and its unemployment rate is 8%. If the…

A: The full potential level of output is the maximum output that can be produced if all resources are…

Q: Assume the Pakistan’s economy is in recession: Pakistan implements a combination of expansionary…

A: The expansionary fiscal policies will raise the AD in the economy by lowering the taxes and rising…

Q: All of the following are ways in which economic expansion (i.e a shifting out of AD) will most…

A: The aggregate demand is an important component of the macroeconomy which when increases causes an…

Q: State both definitions of a recession, the old/traditional definition and the new/modern definition.…

A: Recession is a macroeconomic concept. It is a part of business cycle and it comes after the Boom or…

Q: Consider the following two alternative definitions of a recession: 1.A period of negative output…

A: A negative output growth would result into decrease in economic activity to a greater extent.

Q: Real GDP Growth Low Inflation Rate Average Unemployment Rate A Average Budget Surplus (Deficit) ()…

A: Here we have to analyse the decisions made during the simulation, concerning government spending and…

Q: In the CNN video, Sarlin interviews a journalist who explains the reason people pay feel worse about…

A: The issue includes understanding the reason why people could feel negative about the economy in any…

Q: For a country, economists have estimated that structural unemployment is 2.0% and Frictional…

A: When the actual rate of unemployment is equal to natural rate of unemployment, the economy is at…

Q: A recession can be defined as:

A: A recession is a significant, widespread, and prolonged decline in economic activity. It is…

Q: Which of the following is a correct statement about the difference between chain-weighted and…

A: The chain-weighted method and the fixed-weighted methods are used to calculate the growth rates of…

Q: compare/contrast the response of countries to the Great Depression to the response of countries at…

A: The outbreak in 1929 caused major economic outbreak in the world economy. Great depression affected…

Q: The primary goal of effective macroeconomic policies is to reduce uncertainty and risk in economic…

A: Note :- Dear student we value your previous time, since you have posted a question with multiple…

Q: The Kingdom of Wakanda is undergoing tremendous economic growth. Last year, its GDP grew by 11.45%.…

A: Macroeconomic policies are policies that aim to provide a stable economic environment for the…

Q: A stable inflation rate is necessary to forecast business activities and make better investment…

A: inflation rate measures the rate at which inflation rises in an economy with respect to time.

Q: What issues is the FOMC concerned about that are impacting economic growth? What impact does the…

A: Central bank is the head of all commercial banks. There are many responsibilities that the central…

Q: In Okunland, a country whose economy operates according to Okun's law, real GDP equals $7,520…

A: The natural rate of unemployment, often referred to as the non-accelerating inflation rate of…

Q: Effect of fiscal and monetary policy on consumption in Zimbabwe

A: The term fiscal policy describes how the government uses spending, taxes, and borrowing to affect…

Q: Assume that the housing market is in equilibrium in year 1. In year 2, the mortgage rate that banks…

A: Mortgage loan: It refers to the loan which is given by the banks to the people for purchasing…

Q: If most people have rational expectations, how long will recessions last

A: A significant decline is whole economic activity for a particular period of time is known as…

Q: Suppose the real GDP of an economy is $440 billion dollars and its unemployment rate is 6%. If the…

A: The macroeconomic landscape is shaped by factors such as GDP, inflation, unemployment, and…

Q: What is the prevailing inflation rate in Freeland? prevailing inflation rate: What is the prevailing…

A: The aggregate demand (AD) is a theoretical representation of the relationship between the price…

Q: Supply-side economics advocates that the government A. do all in its power to stimulate growth; B.…

A: The macroeconomic theory called supply-side economics holds that reducing taxes, reducing…

Q: During global recession, cite some good measures that our government can undertake to augment its…

A: During a global recession, numerous businesses fall flat and leave business, and a significant…

Q: WHAT IS THE U.S. UNEMPLOYMENT RATE FOR NOVEMBER 2022? YOUR ANSWER: ___________%_.

A: Unemployment rate gives the percentage of unemployed people from the total workforce

Q: Economics A recent edition of The Wall Street Journal reported interest rates of 6 percent, 6.35…

A: The Unbiased Expectations Hypothesis expresses that the forward financing costs are impartial…

Q: Remember Keynes's prediction that working hours would fall to 15 hours per week in the century after…

A: The provided question has been answered from the generalized perspective of Keynes' theories…

Q: Why are price levels are lower in poorer countries? Discuss some theories.

A: In poor countries, where labor is bountiful, work serious goods and services (nontradable) can be…

Q: Which one of the following shocks can decrease prices and cause unemployment to rise? a) decrease…

A: Due to an increase in government loans or contractionary monetary policy, the interest rate in an…

Q: Assume the Pakistan’s economy is in recession:Pakistan implements a combination of expansionary…

A: Solution: Crowding out: It is a situation in which an increase in interest rate leads to decrease in…

Q: Sort the following shocks into aggregate supply or aggregate demand shocks. Remember that "shocks”…

A: "Aggregate supply indicates total units of commodities that firms produce and sell at a given price…

Q: real value will increase only when prices increase. Select one: True False If the real value for…

A: The nominal values do not reflect true change in the quantities or real GDP. it is the real GDP…

Q: You are told that Canada conducts much international trade with the United Kingdom. However, the…

A: International trade refers to the exchange of products and services between different nations. The…

Q: The price level was listed as 100 in 2010 and in 2020 was listed as 115. If a person's salary is…

A: Inflation rate expresses the average variation in the price of all commodities and services during…

Q: If the natural rate of unemployment is 5.0 percent, the current unemployment rate is 7.3 percent,…

A: Okun's law: - Okun's law shows the relationship between the unemployment rate and the output gap, it…

Q: Assume that the housing market is in equilibrium in year 1. In year 2, the mortgage rate that banks…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: Starting with a long run steady state equilibrium suppose consumer and investor confidence…

A: Aggregate Demand: Aggregate demand is the total quantity of goods and services demanded in an…

Q: A shift to the right of the long-run Phillips curve and a shift to the right of the long-run…

A: Economic Growth is the increase in the output or production of goods and services in the country…