If the real GDP in a country is less than the potential GDP, that country must be in recession. a. True. b. False. If real GDP equals potential GDP, there will be no cyclical unemployment. True or False? Explain. True or false: Nominal GDP may increase even if ...
Real GDP is a better gauge of economic well-being than is nominal GDP (a) True (b) False True or false: Nominal GDP may increase even if real GDP falls. True, False, or Indeterminate: If a country has real GDP growth of 4%, we can concl...
In 2023, China's economy grew by 5.2 percent, with the corresponding economic growth in volume exceeding 6 trillion yuan (around 845.33 billion U.S. dollars) in comparable prices. Such an increase in volume would take a 10-percent annual GDP growth rate to achieve 10 years ago. For this ...
When real GDP is less than potential GDP, an increase in government expenditures will ( ) real GDP and ( ) the price level.A.increase; raiseB.increase; lowerC.decrease; raiseD.decrease; lower的答案是什么.用刷刷题APP,拍照搜索答疑.刷刷题(shuashuati.com)是
aSupply-side economics is any policy measure that will increase potential GDP by shifting the long-run (vertical) AS-curve to the right. In the early 1980s, supply-side economists put forth the view that a cut in income tax rates would increase the incentive to work, save and invest. Th...
In 2023, China's economy grew by 5.2 percent, with the corresponding economic growth in volume exceeding 6 trillion yuan (around 845.33 billion U.S. dollars) in comparable prices. Such an increase in volume would take a 10-percent annual GDP growth rate to achieve 10 years ago. ...
If the potential for a 5 per cent improvement in the productivity of health service delivery was realised, this would result in resource savings of around $3 billion and increase GDP by some 0.4 per cent. Human capital reforms targeting health promotion and disease prevention, education and ...
Suppose the economy is running at the level of potential GDP, an increase in government spending in the long run will ___ the price level and ___ the output level.A.increase, not changeB.increase, increaseC.increase, decreaseD.decrease, increase的
In 2022, the government had to under-implement spending to meet the broad budget deficit target of 7.4 percent of GDP, because of revenue shortfalls. The combined total revenue from the general public budget and government funds budget dropped 6.3 percent (relative to a budgeted increase of 8.2...
The Q1 GDP growth was compared with a 5.2-percent overall growth registered in 2023 and above the annual growth target of around 5 percent set for this year. On a quarterly basis, the economy expanded 1.6 percent in the first three months of the year, growing for seven consecutive quarters...