# Macroeconomics - GDP

641 results

Macroeconomics
Where are we in the business cycle? What is the real GDP today? What is the largest component of GDP? What is the smallest component of GDP? What is the fastest growing component of GDP and why? What components of GDP were involved in the change from last month to this month? ...

macroeconomics
Year - 2000 Nominal GDP: 9,817 Real GDP: ___________ GDP Deflator: 1 Inflation 2.2 Real GDP Per capita: _________ Population 283.7 Year – 2001 Nominal GDP: ________ Real GDP: 9,891 GDP Deflator: _________ Inflation 2.4 Real GDP Per capita: _________ Population 286.6 Year ...

macroeconomics
27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are in billions. Nominal Price level Inflated (I) ...

macroeconomics
GDP rises from \$4 trillion in 2006, the base year, to \$5 trillion in 2012. The GDP deflator in 2012 is 120. Find real GDP in 2012. Find the percentage increase in real GDP between 2006 and 2012.

Macroeconomics
If GDP increases by 5 percent in the same that the deficit is run, What happens to gross debt as a percentage of GDP? What happens to the level of debt held by the public as a percentage of GDP? deficit was \$300 billion

Macroeconomics
How do you calculate the nominal GDP and the real GDP of something? I know the formula for GDP is y=c+I+G+NX but in a problem like an economy produced this many of good#1 and this many of good#2 last year. The price of each good #1 was \$8 last year, and each good#2 cost \$7 ...

macroeconomics
23. The next four questions refer to the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Units of Price Year output per unit 1 16 \$2 2 20 3 3 30 4 4 36 5 5 40 6 (a) If year 2 is the base ...

Macroeconomics
The money supply in Freedonia is \$200 billion. Nominal GDP is \$800 billion and real GDP is \$400 billion. Assuming that velocity is stable, if real GDP grows by 10 percent this year, and if the money supply does not change this year, what is the change of price level?

macroeconomics
should we care more about nominal GDP or real GDP?? Thank you for using the Jiskha Homework Help Forum. Here is a link that discusses that very question: http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm A GDP based on the prices that prevailed when the output was ...

Macroeconomics
Wondering if I am doing this correctly?? If net taxes are increased by 3 billion dollars by how much would we expect real GDP to change? My answer is: d) If the government increases taxes by 3 billion dollars we would use the tax multiplier to determine what the change in GDP ...

Macroeconomics
The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal to 100 trillion ducats. This means that the ...

Macroeconomics: GDP
John (who lives in "Statsyan"--nation) buys a new mini Cooper, which is assembled in England. What part of the GDP component(s) does this transaction belong to? I'm thinking it belongs to both the imports and consumption categories, but I'm not sure if it is possible to list ...

Macroeconomics
suppose that this year's money supply is \$500b, nominal gdp is \$10trillion, and real gdp is \$5trillion, what is the price level and velocity of money? and if velocity is constant and the economy's output rises by 5% per year, what will happen to nominal gdp and the price level...

Macroeconomics
Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP. How might the absence of these values mislead one when comparing the economic well-being of the United States and India? ...

Macroeconomics
Ok so this probably seems easy but I am not sure how to work these. We are given a table with data Price Paper Price 2010 2 100 2.5 2011 3 125 3 2012 4 150 3.5 we are usig 2011 as base year a) what is nomial GDP? b) Real GDP? c) GDP Price Index d) CPI Is nomial just ...

macroeconomics
suppose that congress enacts a significant tax cut with the expectation thatthis action will stimulate sggregated demand and puch the real gdp in the short run. in gact, however, neither real gdp now the price level changes significantly as a result of the tax cut. what might ...

Macroeconomics
Calculating the Rate of Growth of Per Capita Real GDP The annual rate of growth of real GDP in a developing nation is 0.3 percent. Initially, the countries' population was stable from year to year. Recently, however, a significant increase in the nation's birth rate has raised...

Macroeconomics
Can someone check this for me? 1. Where in the US National Income and Product Accounts and the circular flow of expenditure and income do new home sales appear? ANSWER: I said they appear with money going from the households to the goods and services market. 2. How does a fall...

Macroeconomics,
If nominal GDP is \$300 billion and the money supply is \$20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?

Macroeconomics,
If nominal GDP is \$300 billion and the money supply is \$20 billion, What must be the velocity? (b)If the money supply decreases and the velocity does not change, what will happen to nominal GDP?

If real GDP per capita grows at a rate of 5% per year consistently over time, how many years would it take for it to double in size? 5 10 My answer 14 70 The purpose of indexing Social Security payments to the CPI is to ______. increase corporate profits justify continued ...

macroeconomics
gov. increases expenditures by \$100 billon and marginal propensity to consume is 0.50 by how much will equilibrium gdp charge

Macroeconomics - real GDP growth
I have graphed the real GDP growth over the years 1990-2004. I need help analyzing it! What happened when it was going down? What happened when it shot back up again? HELP! Thanks... The GDP growth rate went down considerably during the period 2000-2002, becoming slightly ...

Macroeconomics
Discuss the convergence hypothesis and do you believe that in the long run there will be a narrowing of the differences in real GDP per capita in all countries.

college Macroeconomics
consider a country with an economic structure consistent with the assumptions of the classical model. Suppose that businesses in this nation suddenly anticipate higher future proftability from investments they undertake today. explain whether or how this could affect the ...

ECO
suppose US nominal GDP was \$6,250 billion in 2000 and GDP chain price index is 125.0. Real GDP is:

economics
in 1990, US nominal GDP was \$5,744 billion and the GDP chain price index is 93.6. Real GDP in 1996 dollars is approximately:

Macroeconomics
if investment increases by \$100 and, as a result, GDP ultimately increases by \$200, the multiplier equals?

math
Average Growth Rate(2000-2009)of China - GDP: 10.9 Population: 0.8 Per Capita GDP: 10.1 Ethiopia - GDP: 7.5 Population: 2.8 Per Capita GDP: 4.7 How fast does total output(GDP)have to grow in order to raise per capita GDP in Instructions: Enter your responses to one decimal ...

macroeconomics
Show that the expenditure approach and the income approach add up to the same figure: consumption \$5000 investment \$1000 depreciation \$600 Profits \$900 Exports \$500 Compensation of Employees \$5,300 Government purchases \$1000 Direct Taxes \$800 Saving \$1100 Imports \$700 How do ...

economics
what is the equation for finding the GDP for a year? Is it GDP=N/R or GDP=N/R *100?

ECON
If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP is 210 less than current GDP, the proper action would be to increase taxes by?

macroeconomics
is this a recessionary or inflationary gap. aggregate supply curve is horizontal, change in real GDP arising from a shift of the aggregate demand curve = the size of the shift of the curve. Calculate both the change in government purchases of goods and services and the change ...

Macroeconomics - GDP
Please check my answers to see if they are correct, if not, can you please fix them! Thank you. American citizens buy something made from an American company in Japan who uses all Japanese labour and machines. Would the following increase, decrease or unaffected? Explain. a) ...

macroeconomics
b. Now suppose that the gross national debt initially is equal to \$2.5 trillion and the federal government then runs a deficit of \$100 billion: i. What is the new level of gross national debt? ii. If 100 percent of the deficit is financed by the sale of securities to the ...

Economics
1) If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by? 2) If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP is 210 less...

economic
1. If C = 1000 + 7/8[GDP-1000], I = 700 and G = 1000 and the economy is currently in equilibrium at 400 below full employment GDP, the correct fiscal policy would be to increase G by? (Points: 2) 2. If C = 500 + 3/4[GDP- 100], I = 300, G = 400, Xn =- 10 and full employment GDP...

Economics
The task of my assignment was to calculate the Nominal GDP, given the GDP deflator and the Real GDP. This is what I got. GDP Deflator Real GDP Nominal GDP 0.9 600 540 1.0 600 600 1.1 600 660 The second part of the question asks what is happening in terms of real growth in the ...

macroeconomics
In each of the following cases, either a recessionary gap or inflationary gap exists. Assume that the aggregated supply curve is horizontal so that the change in real GDP arising from a shift of the aggregated demand curve equals the size of the shift of the curve. calculate ...

Macro
The great depression was the worst ecomonic disaster in US history in terms of declines in real GDP and increases in the unemployment rate. Use the data in the following table to calculate the percentage decline in real GDP between 1929 and 1933 Year Nominal GDP GDP price ...

Macroeconomics
If the marginal propensity to consume is 2/3, and there is no investment accelerator or crowding out, what would happen to AD or AS, the price level (P) and the real GDP (Y) if government expenditures increases by \$20 billion? Also show what happens graphically.

economics
What are the following variables used for in economics: Nominal GDP, Real GDP, GDP Deflator and CPI?

Macroeconomics
Graph the following aggregate supply and demand curves (be sure to draw to scale). Real GDP (in \$ trillions) Price Level Supplied Demanded Increase / Decrease 100 4 16 110 10 15 140 14 12 200 15 6

MacroEconomics
1. The money supply is \$1 trillion,the price level =2,and real GDP is \$5 trillion in base year dollars. What is the income velocity of money ?

Economics
Discuss the relationship between the level of Gross Domestic Product (GDP) and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, ...

Macroeconomics
Which of the following aren't included in the measurement of GDP? Exports Personal income Consumption spending Government spending on goods and services Transfer payments Net interest Imports Investment spending

Macroeconomics
Consider the following data: The money supply in \$1 trillion, the price level equals 2, and real GDP is \$5 trillion in base-year dollars. What is the income velocity of money?

MLA citation
Suppose that you're going to interview someone in preparation for writing a research paper on teaching techniques for macroeconomics. For this topic, who would be the best person to interview? A. A student in a macroeconomics course B. An economist C. A professor of ...

Econ
Do people living in countries with higher real GDP necessarily have better living standards compared to countries with relatively lower GDP? Give practical example. 2. What measures would better compare the well-being (living standard) for residents of different countries? How...

macroeconomics
The initial Phillips curve relationship implied that the opportunity cost of __________ __________ was higher __________. If high unemployment lasts a long time, it could cause potential real GDP to fall. (true or false)

if the economy in the US is currently at the trough of a business cycle then whats the relationship between real GDP and potential GDP? Is it likely that the real GDP will stay in this relative position got a long period of time? (like 15 yrs)

Economics
If a government raises its expenditures by \$50 billion and at the same time levies a lump-sum tax of \$50 billion, the net effect on the economy will be to: a. increase GDP by less than \$50 billion b. increase GDP by more than \$50 billion c. increase GDP by \$50 billion d. make ...

Macroeconomics
Suppose that velocity is constant. The economy's output of goods and services rises by 5% each year. What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant? (Hint--put the variables into the formula) Help!

Economics
Can someone please explain what factors affect a country GDP? Also, if Thailand has a GDP of 4.5% and Australia has a GDP of 2.8%, please explain which country has a better economy. Thanks for your help

Economic
All of the following refer to the Economy of Ecoland: - GDP in 1990 is \$1000 - Annual inflation is 5% per year from 1991 - 1995. From 1996 - 1999, inflation is 10% per year - Real GDP grows at 2% every year a) Calculate real GDP from 1990 to 1999 b) Calculate nominal GDP in ...

Economics
The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). Quantity ...

Macroeconomics
GDP of a country is 6000 billion. Investment is 2100 billion. Government purchase is 300 billion. The country has a trade surplus of 200 billion. How much is consumption? Was there net capital inflow or outflow? Can someone help start me off for this?

economics
Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. What is nominal GDP? What is real GDP? What is included in each? Why are these measures important? What do they tell us? What was GDP for the last two ...

Macroeconomics
Suppose GDP is \$800 billion, taxes are \$150 billion, private saving is \$50 billion and public saving is \$20 billion. Assuming this economy is closed, calculate consumption, government purchases, national saving and investment.

macroeconomics 205
Last month, you sold an old car to your neighbor for 5000 dollars. The neighbor repainted the car at a paint shop for 500 dollars, of which only 400 was paid in cash and the rest in credit. By how much (if any) GDP in 2006 is affected?

Economics
Help The answer i got is : GDP grew 10% GDP for 2006 using 2005 as the base year increase by 20% real GDP grow? 10% If i'm right, let me know, if not, please show Calculation Thank You Use the following data to answer questions 1-3 (be sure to provide all calculations). ...

Economics
How do you find planned investment from the GDP, and determining the equilibrium GDP of an economy?

social studies
what is canada's gdp and what is japan's gdp ? please answer this question. thank you:) ^-^ :) :) ^-^

gdp
what does gdp tell us about the level of labour productivity in a country

Economics
GDP=375 Government spending increases by 50 Taxes increase by 50 MPC=.9 What is the new equilibrium GDP?

marcoenomics
Assume Country X has much larger real GDP than county Y. Despite its low real GDP figure, is it possible for the standard of living, as measured by GDP per capita, in Country Y to be better than the standard of living in Country X? Please explain.

ECON!
I was given what the GDP is, then found consumption, savings, MPC, MPS and the planned investment but not sure how to go find the equilibrium GDP!

Economics
What percentage of Americans GDP per capita is available to the average citizen of Mexico? Americas GDP \$35060.00 Mexico GDP \$8540.00 To find this answer, divide 8540 by 35060. Move the decimal point in your answer two places to the right to get the percentage.

Economics
What is the % of GDP is the national debt? My Answer: The percentage of GDP is national debt is approx. 77%. Is this correct? Please post the figures you're using for GDP and national debt. I went and used the latest figure of Real GDP which was the third quarter of 2006 being...

Macroeconomics
In an economy, in a given year the production of capital goods increases by Rs.100, of which Rs.80 worth of goods can be sold in the mkt. In the same year there takes place a simultaneous decline in the import of Rs.30 worth of capital goods. Everything else remains unchanged...

GDP geogrsphy
What are some of the factors that can cause a country’s Gross Domestic Product (GDP) per person to change? kathi anderson forever never lasts

Macroeconomics
Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?

macroeconomics
Why do we consider a business-cycle expansion different from long-run economic growth? Why do we care about the size of the long-run growth rate of real GDP versus the size of the growth rate of the population?

Geography
What can we infer about a country based on its GDP? Why is the HDI a better way to compare countries than other indicators above e.g gdp, primary school enrollement etc;

macroeconomics
an increase in GDP necessarily translated into improvements into the welfare of citizens? true or false. i think its true but im not sure I can think of examples when it would not be true. Consider a kingdom which increases total output because the king tortures, cajoles, or ...

Economics Macro
Suppose that real GDP per capita in the United States is \$49,000. If the long-term growth rate of real GDP per capita is 1.6% per year, how many years will it take for real GDP per capita to reach \$98,000?

Economics
GDP=400 Investment decreases by 5 Government spending increases by 25 Consumption increases by 5 MPS=.2 What is the new equilibrium GDP?

Economics
GDP=500 Government spending decreases by 20 Taxes increase by 20 Investment decreases by 20 MPC=.8 What is the new equilibrium GDP?

Economics
GDP=500 Government spending decreases by 20 Taxes increase by 20 Investment decreases by 20 MPC=.8 What is the new equilibrium GDP?

Economics
GDP=330 Government spending increases by 30 Investment increases by 10 Net Exports decreases by 15 MPC=.2 What is the new equilibrium GDP?

maroeconomics
GDP=330 Government spending increases by 30 Investment increases by 10 Net Exports decreases by 15 MPC=.2 What is the new equilibrium GDP?

Macroeconomics
An economy is facing the recessionary gap shown in the accompanying diagram. To eliminate the gap, should the central bank use expansionary or contractionary monetary policy? How will the interest rate, investment spending, consumer spending, real GDP, and the aggregate price ...

Economics
GDP=520 Government spending decreases by 15 Taxes decrease by 20 Investment increases by 30 Net Exports decrease by 30 MPC=.75 What is the new equilibrium GDP?

macroeconomics
If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment? Where is the economy operating relative to ...

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...

Economics
3. Starting from short-run equilibrium, the following occurs: Labor productivity rises, and individuals expect higher (future) incomes. What will be the effects on the price level, Real GDP, and the unemployment rate in the short run? a.Real GDP will fall, the unemployment ...

Economics
21. How do fears of future economic problems affect GDP? A. Businesses will invest more money in the short term to ensure higher profits in the future; GDP will be pushed up. B. Consumers will spend more money in the short term to prevent future economic problems; GDP will be ...

Macroeconomics
Which of these are not accurately accounted for by either the income or expenditure methods of calculating GDP for the United States? a. The Brazilian wood that is used for flooring an American house. b. The value of leisure time. c. The loss of enjoyment people incur when ...

Macroeconomics
How would i approach this question? I don't necessarily want an answer. A "how to" would be better. (Simple Spending Multiplier) For each of the following values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded ...

ECONOMICS
this is a table with some questions and i don't know how to solve it -------------table-------------------- (1)real domestic output (GDP=DI) in billions \$200 \$250 \$300 \$350 \$400 \$450 \$500 \$550 (2)aggregate expenditures private closed economy billions \$240 \$280 \$320 \$360 \$400 \$...

Economics
This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars. -------------------------------------------------------------------------------- Components 2000 2001...

Phi
Economics continue to measure our countrys economic well being based solely on its GDP however, GDP measures only products and services bought and sold with no regard with whether these money-generating transactions are positive or negativer. For example, when natural ...

economics plz help
this is a table with some questions and i don't know how to solve it -------------table-------------------- (1)real domestic output (GDP=DI) in billions \$200 \$250 \$300 \$350 \$400 \$450 \$500 \$550 (2)aggregate expenditures private closed economy billions \$240 \$280 \$320 \$360 \$400 \$...

Economics
Why is it that the people responsible for pensions use the CPI as an indicator for inflation rather than the GDP deflator? Why is the CPI better? what is rconimics I believe the biggest reason is the base for each measures. CPI measures the weighted average change in prices ...

Macroeconomics
Can someone please help. What components of GDP (if any) would each of the following transactions affect? Explain. a. A family buys a new refridgerator. b. Aunt Jane buys a new house. c. Ford sells a Mustang from its inventory. d. You buy a pizza. e. California repaves Highway...

MacroEconomics
Monetary policy is the responsibility of the Central Bank and involves variations in the level of the supply of money, the interest rates and availability of credit aimed at affecting the level of expenditure, employment and economic activity within the economy. a. Illustrate ...

GDP geography
Which of the following factors does not directly affect family size and composition? A. the divorce rate B. the marriage rate C. the GDP rate D. societal values D? kathi anderson forever never lasts

psy
)]}> Economists continue to measure our country’s economic well being based solely on its Gross Domestic Product, or GDP. However, GDP measures only products and services bought and sold, with no regard with whether these money-generating transactions are positive or ...

Economics
Explain how it's possible for actual GDP to temporarily exceed full-employment GDP. "full-employment GDP" is a defined concept. Full employment does not mean 100% employment -- an economy has a "natural rate of unemployment" and reflects the fact that in an economy, there will...

Economics
What components of GDP (if any) would each of the following transactions affect? Explain. (b) Aunt Jane buys a new house. (c) Ford sells a Mustang from its inventory. (g) Honda expands its factory in Marysville, Ohio. My Answers: (b) Investment since I read that new housing is...

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