ne one positive benefit of using real GDP instead of nominal GDP. You Ceon connpave GPPPer caßta betiveen d of diffeent sizes. b. Name one positive benefit of using GDP per capita instead of total GDP. C. Name one negative consequence of using real GDP per capita.
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- What are typical GDP patterns for a high-income economy like the United States in the long run and the short run?Suppose hat 25 yean ago a country had nomunai GDP of 1000, a GDP deflator of 200, and a population of 100 Today, that country has a nominal GDP of 3000, a deflator of 400, and a population of 150 What happeted to the real GDP per person? O roe, but less than doubled Oa did net change O ct more than doubledUse the information in the table to answar the foilowing questions Alnumbers are in bilions of 2012 dol Plarned Investment $2.000 Governnent Purshas pert Raal GDP (Y) Conaumptien (C) $12,000 $13,000 $14,000 50,100 S7,000 $7.500 $5.000 $5.000 $5000 S5.000 $5000 $2.000 $2.000 $2.000 12000 $15,000 $8,000 $10,000 The equiibrium level of GDPSDlon The MPC (onter your reponse to two decimal places) Suppose that net epons ioese by 5400 bilion Using the mutipler formua detemine the w leval of GOP A S400 blion increase in net expota ads to a charge in spendng of illion. se the new level of GDP w be blion
- As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?what are the 4 excluded from gdp
- Consider the following diagram, which includes a concave line of best fit: 40,000- •US 35,000 - 30,000 - •Belgium Switzerland •UK 25,000 - •Japan 20,000- • •Taiwan 15.000 - 10,000 - •Ecuador 5,000- aindia 0. 10.000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Figure 15 3 Canital ond GDP ner worker across countries in 199n Which of the following statements is correct? Select one: O a. The line of best fit suggests that if capital intensity doubles, output per person doubles. O b. The line of best fit implies that there are diminishing returns to scale. O c. The line of best fit suggests that the USA may have a higher value of "z" than Japan. O d. Workers in Japan were more productive than in the UK because they had higher capital per worker. GDP per worker (1985 PPP $)bo Consider the table of GDP and population for several imaginary countries. O Macmillan Learning A Country Wrigleyville Longhornland Dinkytown GDP in millions of U.S. dollars Population in millions 559.0 265.0 2909 101 293.00 1.600 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. $ GDP per capita in U.S. dollars B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place.Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville Longhornland Dinkvtown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 183.0 115 175.00 559.0 2965 1.700 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11 A. What is the GDP per capita of Longhornland in Ủ.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place.
- Describe the ways the various components of GDP were impacted by the pandemic? Plz do fast asap.on 1 on 2 on 3 on 4 on 5 + Which country had the largest increase in per caps real GDP bate 2013 and 2020 OAB BA De C OO. D Country . O D 2018 Real COP (M) $254300 144.300 106.700 200 800 2020 Real 2018 2020 GOP (Mina) Population Mora Population (M) 1156.300 174.700 184,300 222.500 187.15 37:30 453 114.45 PMR 40 37.80 700 11425Real Consumption westion 1 The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area 2. at yet swered rked out of Economy B 2% growth Area 2 Flag question Еconomy A 1% growth Area 1 Year X Year Y Time FIGURE 25-1 Refer to Figure 25-1. Which of the following statements about Economies A and B is correct? Select one: O a. Economy B will sustain higher material living standards than Economy A in the long run. O b. Economies A and B will have equal material living standards beginning at Year Y. O C. Economies A and B will have equal material living standards beginning at Year 0. O d. Economy A will sustain higher material living standards than Economy B in the long run. O e. Economies A and B will have equal material living standards beginning at Year X. In a macro model with a constant nrice levelan increase in government nurchases will cause the AF curve to shift E 2°C Light rain/snow 13:01 on 2 C )…