If China increases its tax collection to 40% of GDP as compared to right now, which is around 20 to 25%, how will it affect its economic growth? Will it still be able to add 900 billion to 1 trillion Explain why an increase in nominal GDP does not necessarily imply that ec...
One way to determine how well a country’s economy is doing is by its GDP growth rate, which reflects the increase or decrease in the percentage of economic output in monthly, quarterly, or yearly periods. GDP enables economic policymakers to assess whether the economy is weakening or strengthe...
Rising prices tend to increase a country’s GDP, but this does not necessarily reflect any change in the quantity or quality of goods and services produced. Thus, by looking just at an economy’s nominal GDP, it can be difficult to tell whether the figure has risen because of a real exp...
How will an increase in aggregate demand most likely affect the overall price level and real GDP in the short run? a. Price Level: Decrease, Real GDP: Decrease b. Price Level: Increase, Real GDP: Decrease c. Price Level: Increase, Real GDP: Increase d How does inflation ...
The debt-to-GDP ratio indicates how much a country owes compared to the size of its economy, reflecting its ability to manage and repay debts. Percentage point (pp) changes shown above indicate the increase or decrease of these ratios. Countries with the Biggest Increases Japan (+116 pp), ...
When oil prices climb, Russia experiences a surge in export revenues, which strengthens the national currency, the ruble. Higher revenues enable the government to increase spending on infrastructure, defense, and social programs, bolstering economic growth. Additionally, surplus funds can be directed ...
“while high stock market concentration may be a sign of a bubble, it does not necessarily mean there is one,” oppenheimer writes. high stock concentration isn’t unusual, and many of the dominant companies of late have high profits and strong balance sheets. even so, today’s dominant ...
“It’s been an interesting ride over the last eight weeks or so,” says Melissa Reaktenwalt, CEO and lead advisor of EViE Financial Group, which is based in the Washington D.C. metro area and serves clients across the country. “This feels like a new frontier.” ...
How does inflation affect exports and imports? Which of the following will result in an increase in real gross domestic product (GDP) in the short run with no change in the government budget? (A) An increase in taxes and a decrease in government spending by equal amounts. (B) A decrease...
How does the Gross Domestic Product influence economic growth? Explain the largest component of GDP. Analyze how the government can influence this component to help stimulate the economy. Explain the increase in GDP. A) The growth rate of real GDP in the...