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1 convergence explain the convergence theory under what circumstances is convergence unlikely to occur2
technological change and unemployment explain how technological change can lead to unemployment in certain industries
international productivity comparisons how does output per capita in the united states compare with output per capita
expenditure approach to gdp given the following annual information about a hypothetical country answer questions a
investment in national income accounting one component of investment is net changes in inventories last years
leakages and injections what are the leakages from and injections into the circular flow how are leakages and
gdp and depreciationwhat is gross about gross domestic product could an economy enjoy a constant-or growing-gdp while
consumer price index one form of the cpi that has been advocated by lobbying groups is a cpi for the elderly the bureau
gdp price indexthe health expenditure component of the gdp price index has been rising steadily how might this index be
income approach to gdp how does the income approach to measuring gdp differ from the expenditure approach explain the
investment given the following data answer questions a through ca what is the value of gross private domestic
consumer price index calculate a new consumer price index for the data in exhibit 4 in this chapter assume that
consumer price index given the following data what was the value of the consumer price index in the base year calculate
limitations of national income accounting one often-heard criticism of the us national income accounts is that they
problems with the cpithe importance of the bias in the us consumer price index is reviewed in an article in the june
wall street journal data on the consumer price index are released near the middle of each month data on gdp are
wall street journal new economic data are regularly reported in the wall street journal look in section c of the paper
national income accounting according to exhibit 8 in this chapter gdp can be calculated either by adding expenditures
1 sources of inflationwhat are the two sources of inflation how would you illustrate them graphically2 anticipated
inflation and relative price changeswhat does the consumer price index measure does the index measure changes in
1 inflationwhy is a relatively constant and predictable inflation rate less harmful to an economy than a rate that
measuring unemployment suppose that the us noninstitutional adult population is 230 million and the labor force
inflation here are some recent data on the us consumer price indexcompute the inflation rate for each year 1989-2003
measuring unemploymentthe chapter explains the definitions the government employs in measuring unemployment interview
consumption use the following data to answer the questions belowa graph the consumption function with consumption