The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist. Concept Introduction: National Economy: The economy of a nation as a whole, sum of individual units. National Economy Indicators: This allows analysis of the performance of the economy

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Answer 1

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Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

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In a small open economy with a floating exchange rate, the supply of real money balances is fixed and a rise in government spending ______ Group of answer choices Raises the interest rate so that net exports must fall to maintain equilibrium in the goods market. Cannot change the interest rate so that net exports must fall to maintain equilibrium in the goods market. Cannot change the interest rate so income must rise to maintain equilibrium in the money market Raises the interest rate, so that income must rise to maintain equilibrium in the money market.

Answer 2

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Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

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Answer 3

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Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

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Answer 4

Question

100%

Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

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Answer 5

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Answer 6

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Answer 7

Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

Answer 8

Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

Answer 9

Chapter 5, Problem 1P

To determine

The reasons for more attention attributed to national economies as compared to state or provisional economies by the economist.

Concept Introduction:

National Economy: The economy of a nation as a whole, sum of individual units.

National Economy Indicators: This allows analysis of the performance of the economy

Answer 10

Expert Solution & Answer

Explanation of Solution

National economic indicators are better indicators of the economic health of a country than the state economies because state economies are concerned with their regions only. The local, political or economic fluctuations only affect those areas or nearby areas and therefore are less important at the central level. They do not provide the perfect picture at the macro level to the economist. If the economist wants to get the information about the whole country, then he has to give importance to indicators like GDP, Employment level, per capita income, health status etc. at a central level which engulfs the average of all the states.

NO doubt, states economies are also important and are the pillars of any central economy but wider picture is shown by only the national economies.

Answer 11

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Answer 12

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Answer 13

Ch. 5 - Prob. 1P Ch. 5 - Prob. 2P Ch. 5 - Prob. 3P Ch. 5 - Prob. 4P Ch. 5 - Prob. 5P Ch. 5 - Prob. 6P

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