Assuming that inflation has occurred over time, what is the relationship between nominal GDP and real GDP in years after the base year?
Consider the figures below. Determine which combination of f…
Consider the figures below. Determine which combination of fiscal policies shifted AD1 to AD2 in each figure and returned the economy to long-run macroeconomic equilibrium.
A simple economy produces two goods, Corn Bread and Compute…
A simple economy produces two goods, Corn Bread and Computer Games. Price and quantity data are as follows: In Year 2, real GDP is equal to:
In the Candyland nation, 18,000 are employed, 2,000 are unem…
In the Candyland nation, 18,000 are employed, 2,000 are unemployed, and 5,000 are not in the labor force. What is the unemployment rate?
The following data were obtained for a region: 26 million p…
The following data were obtained for a region: 26 million people had full-time jobs.Another 10 million people had part-time jobs.3 million people had no work but were available and had looked for work in the past four weeks.15 million people of working age did not have jobs and did not want jobs. What is the size of the labor force?
Can you do this? Yes you can! Take a deep breath and get sta…
Can you do this? Yes you can! Take a deep breath and get started!
Can you do this? Yes you can! Take a deep breath and get sta…
Can you do this? Yes you can! Take a deep breath and get started!
If the GDP price index is 150 and nominal GDP is $9 trillion…
If the GDP price index is 150 and nominal GDP is $9 trillion, calculate real GDP. Real GDP is _______.
When should students review the Remote Testing Integrity Pol…
When should students review the Remote Testing Integrity Policy?
Beaux just purchased homeowners insurance that has personal…
Beaux just purchased homeowners insurance that has personal property coverage based on actual cash value. His policy is more expensive than if he had replacement cost coverage for his personal property.