The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

Question

NAFTA (North American Free Trade Agreement) is an agreement that does what? Allows the free migration of people between countries in North America Limits tariffs and trade restrictions Ensures that all countries have strong environmental and workers rights regulations All of the above

Answer 1

Question

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

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NAFTA (North American Free Trade Agreement) is an agreement that does what? Allows the free migration of people between countries in North America Limits tariffs and trade restrictions Ensures that all countries have strong environmental and workers rights regulations All of the above

The percentage of people employed in the primary sector in North America has ________ over the last 100 years. Increased Decreased Stayed at about the same level Fluctuated

Answer 2

Question

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

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Answer 3

Question

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

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Answer 4

Question

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

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Answer 5

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

Answer 6

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

Answer 7

Chapter 9.A, Problem 4TY

a)

To determine

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

Answer 8

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

Answer 9

b)

To determine

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

Answer 10

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

Answer 11

c)

To determine

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

Answer 12

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

Answer 13

d)

To determine

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

Answer 14

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Answer 25

Ch. 9.A - Prob. 1TY Ch. 9.A - Prob. 2TY Ch. 9.A - Prob. 3TY Ch. 9.A - Prob. 4TY Ch. 9.A - Prob. 5TY Ch. 9.A - Prob. 1DQ Ch. 9.A - Prob. 2DQ Ch. 9.B - Prob. 1TY Ch. 9.B - Prob. 2TY Ch. 9.B - Prob. 3TY

The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

Solution Summary: The author explains that GDP is the market value of all finished goods produced in a country. The equilibrium GDP in an economy is 2,800.

To calculate: The equilibrium GDP of an economy with income $500, net exports is zero and tax is $200.

To Identify: Any recessionary or inflationary gap is there and is to be calculated.

To describe: effects to the equilibrium GDP when investors become optimistic about country’s future and raise their investment to $600.

To Identify: If any inflationary gap is occurred after increase in investment and is to be calculated.

Chapter 9 Solutions