Why do economists measure growth in real terms as opposed to nominal terms? Explain why real GDP a useful and important measure of a nation’s economic health?  Who uses this information?

Q: Discuss life expectancy  and the different factors that contribute .  How is the United States…

A: Definition: Life expectancy is a  proportion of the average time an individual is relied on expected…

Q: Suppose that virtually everyone in the United States decides to take life a little easier, and the…

A: Below is the given information: The fall in average workweek = 25%

Q: · Use GDP growth figures of the last decade for the analysis. . Take into account Any global events…

A: GDP is the measure of economic growth and there are various methods to calculate GDP. Such as income…

Q: What is the “urban push” and in what ways might it affect the relationship between urbanization and…

A: Urban push is a demographic term used to show the mechanism that cities are growing internally and…

Q: Draw a graph of a business cycle. Label and explain each phase of the business cycle.

A: These four stages of business cycle are expansion, peak, contraction, and trough.

Q: 1. What does the latest available data say about the current rate of GDP growth? 2. Is the…

A: 1.The latest available data says that global GDP growth is declining due to pandemic effect.

Q: If real GDP was $9,950 billion in Year 2008 and $10,270 billion in Year 2009. What was the rate of…

A: Growth means an increase in real GDP in such a manner that productivity increases and it causes an…

Q: What are three generators of economic growth?  List and explain them.  What are three determinants…

A: Economic-growth indicates the increase in the economic-activity undertaken by one economy. This is…

Q: Calculate the GDP growth rate between 1BFNA output and 1AFNA output:  Your answer should be in…

A: GDP Growth Rate Formula:GDP Growth Rate = ((1AFNA output - 1BFNA output) / 1BFNA output) * 100%Step…

Q: 12. In 2018, a small town in South America had a population of 1,400 people. Upon recounting in…

A: Exponential growth is a process that increases quantity over time. It occurs when the instantaneous…

Q: How is the indian economy doing? What is the growth rate of the real GDP? What is the trend in this…

A: The Indi economy was considered as one of the fastest growing economies of the world along with the…

Q: Select one or more: a. The trend growth rate over the period was around 2.14 % per annum. b. The…

A: The linear growth straight line shows a constant level of growth per year. if the actual growth…

Q: Is it possible to figure out nominal GDP and real GDP of each three years with no price or quantity…

A: Nominal GDP refers to the value of GDP which is not adjusted to inflation whereas real GDP refers to…

Q: which of the various measures of economic growth (GDP, GNP, real GDP, etc.) is most useful for…

A: The macroeconomic health refers to the country’s standard of living, well-being, and the…

Q: 1. Why is China still poor in per capita terms despite having the second-largest economy in the…

A: The question of China's per capita income being lower despite having the second-largest economy in…

Q: In 2001, the GDP of China was $6000. Suppose that China has a growth rate of 6.2%. a. What is…

A: The GDP in 2001 was $6,000. Growth rate = 6.2% The future value of GDP can be calculated as: Future…

Q: “think it is possible to reduce health spending growth while improving health.”

A: The objective of the question is to analyze whether it is possible to reduce the growth of health…

Q: What is the economic growth rate? How is it calculated?

A: Since you have asked for multiple questions, we have answered the first one for you. If you want the…

Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…

A: When comparing one period of your time to the subsequent, economic process is defined as a rise…

Q: An economy can be considered healthy if the Real GDP Growth Rate is than the Inflation Rate.

A: GDP refers to the all final value of good and services produced in the domestic territory of the…

Q: How is economic growth measured? Question 1Answer a. The percentage change in the employment rate…

A: The objective of the question is to identify the correct method for measuring economic growth.

Q: the population of a city grows by 3% each year. What is the growth factor?

A: In economics, the term "growth factor" refers to a measure that quantifies the rate at which a…

Q: What is relationship between corruption in a country ( government officials taking bribes) and…

A: Corruption A complicated phenomenon, corruption has a variety of origins and effects, depending on…