The nation's growth rate is, increases by 0.7 percent, government purchases increase by 1.4 percent, exports increase by 0.3 percent, and imports increase by 0.6 percent. if household consumption grows by 2.1 percent, investment a. 3.9 percent O b.3.3 percent O C. 4.5 percent O d. 5.1 percent
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- A country faces diminishing marginal returns when increasing it's capital stock. If this country added 100 units of capital last year and saw their GDP rise by $1,000 per person, what would you expect to happen if they had added 200 units of capital instead? O It is impossible to tell what would happen GDP would increase by less than another $1,000 per person GDP would increase by another $1,000 per person GDP would increase by more than another $1,000 per personThe United States currently is O A. a net borrower and has been since the end of World War II in 1945. B. a net lender and has been since the 1980s. C. a net lender and has been since the end of World War II in 1945. D. a net borrower and has been since the 1980s. O E. neither a net lender nor a net borrower.a) the profit maximizing decisions of an individual manufacturer. b) economic growth. c) the rate of inflation. d) the rate of unemployment. Question 2. When nations desire a healthy macroeconomy, they typically focus on three goals, one of these being: a) low inflation b) balanced budget c) prudent monetary policy d) assuring competition between firms Question 3. If macroeconomics looks at the economy as a whole, it focuses on which of the following? a) the division of labor b) households c) business firms d) unemployed people Question 4. In the ______________, households receive goods and services and pay firms for them. a) goods and services market b) labor market c) financial capital market d) savings market Question 5. Which of the following is included in the calculated Gross Domestic Product? a) Farmer Freddie sells his second tractor to his son. b) Suzanne buys a love seat and chair for $85 at the yard sale on the corner. c) A local ice cream store sells…
- Production possibilities (alternatives) A B Capital goods Consumer goods 4 3 2 of 12 14 15 Refer to the above tabl A total output of 3 units of capital goods and 4 units of consumer goods: Select one: O a. will result in the maximum rate of growth available to this economy. O b. is irrelevant because the economy is capable of producing a larger total output. Oc. is unobtainable in this economy. O d. would involve an inefficient use of the economy's scarce resources.1. Assume that there are two countries with the following characteristics. Per capita Output Y = A.kª.h¹-a A-technology k-per capita physical capital h-per capita human capital a-0.6 Country A with $500 per capita income saves 25% of its output and invests on physical capital, and 25% on investing in human capital. Country B with $5000 per capita income saves 25% of its output and invests on physical capital, and 35% on investing in human capital. a. What are the growth rates of the two countries? b. What will be the per capita income levels after 5 years? c. Will there be convergence on the per capita income in the future?If X grows at a rate of 9% a year, and Y grows at a rate of 14 percent per year, what is the growth rate of X/Y? a. 23% b. -5% c. 5% d. (9/14) % A nation’s population is growing 5% per year, and its total GDP is growing 1% per year. What is the annual rate of growth of GDP per capita? Feel free to round to the nearest percentage point:.
- What annual growth rate will result in a country roughly doubling its GDP in 10 years? Select one: O a. 5 percent Ob. 12 percent Oc 7 percent Od. 10 percentIf real GDP per capita is increasing, the rate of real GDP growth is: O less than the rate of population growth. O greater than the rate of population growth. less than the rate of inflation. greater than the rate of inflation.Suppose a country's real GDP is $14 trillion and the population is 200 million. Instructions: Enter your answers as a whole number. a. What is this country's real GDP per capita? b. Suppose that during the next 10 years, real GDP increases by 50 percent and the population triples. At the end of this 10-year period, what will be its real GDP per capita? 2$
- In absolute terms, China's growth rate fell growth rate. OA. by more; by less B. by more; by more C. by less; by less O D. by less; by more than the U.S. growth rate. In relative terms, China's growth rate slowed by Countries might speed economic growth by the following policies: Policy 1. Encouraging the growth of small firms. Policy 2. Investing more in human capital and research. Policy 3. Expanding the service sector of the economy. These policies might make the distribution of income: Effect 4. more unequal Effect 5. less unequal than the U.S.Most of the poor countries experience slow growth because of all the following reasons except O A. the government's failure to enforce the rule of law. B. low rates of saving and investment. C. frequent civil disturbances such as wars and revolutions. D. excellent public health and education. The unemployment rate A. typically rises during a recession and falls immediately after the recession has ended. B. typically falls during a recession and rises after the recession has ended. C. typically falls during a recession and after the recession has ended. D. typically rises during a recession and after the recession has ended.1. Why doesn’t the rapid growth of China’s economy result in improvements in the lives of all... Description 1. Why doesn’t the rapid growth of China’s economy result in improvements in the lives of all Chinese? 2. What measures might Beijing or the provincial governments take to bring true development to the poor areas? 3. Does the rich East Coast have an obligation to improve the lives of the poor interior? If so, why hasn’t it happened? 4. What is the biggest challenge China faces in lifting its 300 million poor out of poverty?