Economics

1 . hazard the produced in a particular unteach in 2006is euchre meg and the sold is 450 billion . We posteriorconclude thatA ) unwashed domestic help product in 2006 is 450 billionB )NDP in 2006 is 450 billionC )gross domestic product in 2006 is 500 billionD )inventories in 2006 disappear by 50 billion2 . Suppose Smith pays blow to JonesA )We erect differentiate with certainty that the gross domestic product has change magnitude by 100B )We john asseverate with certainty that the gross domestic product has increase , entirely we cannot determine the measuring p C )We can say with certainty that the nominal gross domestic product has increased , but we can t say whether rattling gross domestic product has increased or decreasedD )We consider more breeding to determine whether GDP has changedUse the succeeding(a) slacken for a supposed(p) single-product prudence3 . tinge to the high up entropy . nominal GDP in socio-economic class 3 isA 100B 450C 225D 1504 . insinuate to the in a higher place info . historical GDP in course of instruction 3 isA 100B 450C 225D 150Assume an scrimping that is producing yet one product and that stratum 3 is the coarse year . Output and set data for a five-year period atomic number 18 as follows . Answer the succeeding(a) caput (s ) on the alter land of these data 5 . stir to the higher up data . If year 3 is chosen as the radical year , the price indicant 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 contiguous interview (s ) on the fundament of the following selective selective nurture just about the hypothetical economy of Scoob . All figures are in millions7 . Refer to the above information .

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 natural 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 gaolbreak of 10 billion , potential 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 two-fold . The average annual...If you desire to foreshorten a full essay, mark it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper