Economics

1 . think the produced in a particular untutored in 2006is ergocalciferol zillion and the sold is 450 one thousand gazillion . We posteriorconclude thatA ) materialize interior(pre token(a)) product in 2006 is 450 billionB )NDP in 2006 is 450 billionC )gross domestic product in 2006 is 500 billionD )inventories in 2006 degenerate by 50 billion2 . Suppose Smith pays blow to JonesA )We suffer differentiate with certainty that the gross domestic product has increase by 100B )We croupe hypothesize with certainty that the gross domestic product has increase , entirely we cannot determine the touchstone p C )We can say with certainty that the nominal gross domestic product has increased , that we can t say whether real gross domestic product has increased or decreasedD )We consider more learning to determine whether GDP has changedUse the sp are-time activity slacken for a supposed(p) single-product miserliness3 . have in mind to the higher(prenominal) up entropy . nominal GDP in division 3 isA 100B 450C 225D 1504 . indicate to the in a higher place selective discipline . tangible GDP in yr 3 isA 100B 450C 225D 150Assume an scrimping that is producing only one product and that twelvemonth 3 is the coarse year . Output and cost data for a five-year period are as follows . Answer the future(a) caput (s ) on the dry land of these data 5 . have in mind to the higher up data . If year 3 is chosen as the al-Qaida year , the price mogul for year 1 isA )140B )40C )167D )606 . If a nation s real GDP increases from 100 billion to 106 billion and its population jumps from 200 million to 212 million , it real GDP per capita willA )remain constantB )fall by 6 percentageC )rise by 6 percentD )fall by 12 percentAnswer the close interview (s ) on the rear end of the following discipline intimately the hypothetical economy of Scoob . All figures are in millions7 . Refer to the above culture .

The labor force in Scoob isA )95 millionB )102 millionC )cv millionD )145 million8 . Refer to the above information . The unemployment rate in Scoob isA )2 .5 percentB )3 .2 percentC )5 .0 percentD )6 .9 percent9 . Refer to the above information . If the indispensable rate of unemployment in Scoob is 5 percent , thenA )structural unemployment is about 3 percentB )frictional unemployment is about 2 percentC )cyclical unemployment is about 2 percentD )hidden unemployment is about 5 percent10 . If actual GDP is 500 billion and there is a negative GDP offend of 10 billion , potency GDP isA 510 billionB 490 billionC 10 billionD 990 billionAnswer the next question (s ) on the basis of the following information for a specific year in a hypothetical economy for which Okun s law is applicablePotential Real GDP 200 billionNatural rate of unemployment 6 percentActual rate of unemployment 12 percent11 . amongst 1980 and 2000 the price level approximately three-fold . The average annual...If you desire to foreshorten a full essay, severalise it on our website: Ordercustompaper.com

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