1.The GDP of a certain country is growing at a constant rate.In 1995 the GDP was 125 billion dollars,and in 2003 it was 155 billion dollars.If this trend continues,at what percentage rate will the GDP be growing in 2010?2.A manufacturer can produce digital recorders at a cost of $50...
The gross domestic product (GDP) refers to the final merit of an economy's products and services during a given period, often annually. The GDP is used to measure the progress of a country since its growth rate is an essential indicator ...
How is inflation measured? Is inflation a worry, or are we in a period of stable prices? What is the relationship between money supply, price inflation, and currency exchange rates? If the nominal rate of growth of money is constant, then how ...
The statement, "If the real GDP in a country is less than the potential GDP, that country must be in recession," is b. False. It would be... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Cre...
If the rate of inflation is 5%, the prime rate of interest is 6%, and the unemployment rate is 7%, how much is the misery index?The misery index is equal to: a) Interest rates + Inflation rate b) Inflation rate + Real GDP c) Une...
C. remaining fairly constant. D. there is no gap in real GDP per person between Africa and the United States. 查看完整题目与答案 Slowdonia's current growth rate of real GDP per person is 2 percent a year. How long will it take to double real GDP per person? A. half a year B....
Thus, Real GDP increased by 3 percent, nominal GDP increased by 7 percent 2. According to World Bank data, the level of potential output growth should be 4%, while we only have 3% of the equilibrium outputs, so there is 1% ressetion gap, we should use monetary policy to stimulate econo...
For each dollar of GDP (in constant prices) rich economies now use nearly 50% less oil than in 1973. The OECD estimated in its latest Economic Outlook that, if oil prices averaged $ 22 a barrel for a full year, compared with $13 in 1998, this would increase the oil import bill in ...
But perhaps most of all, I don’t like the overuse of “bullying” because it diminishes and degrades the word for petty political purposes to the detriment of actual victims of real bullying. The meretricious overuse of the term “bullying” threatens to degrade it to the point where ...
Of course, I see this as unfortunate news as it means there might not be as much bounce back in the real GDP growth path as I expected. Hence, I have to start asking whether I was wrong about potential real GDP being higher for many years, or is it some combination of the pandemic...