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Why will the nation's economic growth rate for the current year be negative, zero, or positive?
The oil spill kills thousands of birds, seals, and other wildlife. What was the combined effect of these events on GDP for this year?
Suppose that early in a year, a hurricane hits a town in Florida and destroys. What was the combined effect of these transactions on GDP for this year?
Explain what happens to contributions to GDP in each of the situations. A woman who makes a living charging for investment advice on her Internet Web site.
Explain what happens to the official measure of GDP in each of the situations. Which hospitals continue to provide at the same price per treatment as before.
What will happen to the U.S. long-run equilibrium price level during this particular year?
Suppose that the long-run aggregate supply curve is positioned at a real GDP level of $15 trillion. What is the full-employment level of nominal GDP?
Many economists view the natural rate of unemployment as the level observed when real GDP. How can there be positive unemployment in this situation?
What types of policies might Brazil implement to improve its growth prospects? Explain.
Its population remained unchanged. What was per capita real GDP in 2012? What was the level of real GDP in 2012?
Its population did not change during the year, nor did its price level. What was the rate of increase of country's nominal GDP during this one-year interval?
In 2012, a nation's population was 10 million. Its nominal GDP was $40 billion. What was this nation's economic growth rate during the year?
What was the percentage change in per capita real GDP between 2012 and 2013?
How are equilibrium price levels in nations that are recipients of large inflows of funds from migrants likely to be affected? Explain your reasoning.
Suppose that there is a sudden rise in the price level. What will happen to economywide planned spending on purchases of goods and services? Why?
Explain whether each of the following events would cause a movement along or a shift in the position of the AD curve, other things being equal.
What are the recent trends in wages and salaries and in benefits? In the long run, how should these trends be related to movements in the overall price level?
How has labor productivity behaved recently? What does this imply for the longrun aggregate supply curve?
For which factors do data appear to be most readily available? For which factors are data more sparse or more subject to measurement problems?
The BLS home page displays a map of the United States. What similarities exist across regions? What regional differences are there?
The real interest rate is 4 percent, and the nominal interest rate is 6 percent. What is the anticipated rate of inflation?
At present, the nominal interest rate is 7 percent. What is the anticipated value of the price index next year? What is the real interest rate?
She hires someone else to do the texturing work but does the painting herself. How much would her spring painting activity add to GDP?
Reference chapter 2 and describe the cultural dimensions using any of the listed theoretical frameworks, such as Hofestede's cultural dimensions.
Describe any documented forecasts for product price changes over the next year.