The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 1953-1954. Year/Quarter 1953/04 1954/Q1 1954/02 1954/Q3 1954/04 Select one: OA. 1953/04. Annual Percent Change Nominal GDP O B. 1954/01. OC. 1954/02. OD. 1954/03. QE.1954/04 -5.2 -0.6 0.8 5.1 9.2 Real GDP in the United States was lowest in which of the following quarters? Annual Percent Change Real GDP -5.9 -1.9 0.4 4.6 8.1

The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 1953-1954. Year/Quarter 1953/04 1954/Q1 1954/02 1954/Q3 1954/04 Select one: OA. 1953/04. Annual Percent Change Nominal GDP O B. 1954/01. OC. 1954/02. OD. 1954/03. QE.1954/04 -5.2 -0.6 0.8 5.1 9.2 Real GDP in the United States was lowest in which of the following quarters? Annual Percent Change Real GDP -5.9 -1.9 0.4 4.6 8.1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a) Nominal GDP in any year is calculated by multiplying the quantity of each final product sold by its price and summing over all final goods and services. Assuming that all computers and automobiles are final goods, calculate nominal GDP in 1990 and in 2000. 1990 2000 Year No. of Computers Sold 500,000 5,000,000 Price per Computer $6000 $2000 No. of Automobiles Sold 1,000,000 1,500,000 Price per Automobile $12,000 $20,000
Good X Good Y Production Year 2 200 120 Year 1 150 100 Year 3 230 180 Table 5A Year 1 $1.00 $0.80 Refer to Table 5.4. Suppose this economy produces only the two goods X and Y. Nominal GDP in year 1 is: $230. $296. $360. $448. Prices Year 2 Year 3 $1.20 $1.30 $1.00 $1.10
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Consider the following data assuming that these are the only products produced and consumed in the economy, and assuming that 2020 is the base year: Product 2020 Quantity 2020 Price 2021 Quantity 2021 Price Beer 7 $2.2 12 $3.2 Chocolate 7 $1.4 11 $1.7 What was the nominal GDP in 2020? a. $41.80 b. $57.10 c. $34.30 d. $25.20 Clear my choice
Year GDP Disposable Income Consumption Imports 2036 $1050 $840 $830 $111 What is the marginal propensity to import? 2037 $1000 $800 $800 $100 Round to two decimal places. If your answer is 0.064 (i.e., 6.4%) enter .06. If your answer is 0.065 (i.e., 6.5%) enter .07. Do not forget to enter the negative sign, if appropriate.
Don't answer by pen paper and don't use chatgpt otherwise we will give dounvote
Year: 1973 1974 1975 1976 1977 1978 1979 1980 1981 O 1974 1975 O 1978 Real GDP in 2005 Dollars 1980 (Billions) 4,917 4,889 4,879 5,141 5,377 5,677 5,855 5,839 5,987 % Change from the previous year Using the above table, in which year would you expect the interest rate to be rising? 5.8 -0.6 -0.4 5.6 4.6 5.5 3.2 -0.2 2.5 Civilian Unemployment % (year's end) 4.9 5.6 8.5 7.7 7.1 6.1 5.8 7.1 7.6 Inflation Rate for the CPI (Dec. to Dec.) 6.2 11.0 9.1 5.8 6.5 7.6 11.3 13.5 10.3
3
The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 1948-1949. Year/Quarter 1948/Q4 1949/Q1 1949/Q2 1949/Q3 1949/Q4 Time left 0:44:23 Select one: OA 1948/Q4. OB. 1949/Q1. OC 1949/02 OD 1949/Q3 19/04 Annual Percent Change Nominal GDP 1.7 -7.4 -5.2 2.3 -3.3 Annual Percent Change Real GDP The inflation rate in the United States was highest in which of the following quarters? 0.5 -5.4 -1.4 4.2 -3.3
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.
included table as well
2. Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percent- age change in real GDP is approximately equal to -10% 10% ] 20% 9.1% E. 0%