Question

If in some year nominal GDP was $15 trillion and real GDP was $75 trillion, what was the GDP deflator?

a. 20. |
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b. 40. |
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c. 250. |
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d. 400. |

In the economy of Jordan in 2018, exports were $300, GDP was $2700, government purchases were $500, imports were $480, and consumption was $900. What was Jordan’s investment in 2018?

a. $1270 |
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b. $1230 |
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c. $1370 |
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d. $1480 |

Answer #1

Answer 1 option a 20

Answer 2 option d $1480

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A- The Bureau of Economic Analysis (BEA) calculates nominal and
real GDP for the United States. Currently, it uses 2012 as the base
year. Based on this information alone, what could you say about the
relationship between nominal and real GDP for 2012 for the United
States? (2 points)
B- In 2018, nominal GDP was approximately 20.5 trillion and GDP
deflator was approximately 110 . In 2019, nominal GDP was
approximately 21.5 trillion and GDP deflator was approximately 112.
Calculate...

Growth rate of nominal GDP – Inflation rate =
a. price
level.
b. the growth
rate of nominal GDP.
c. the growth
rate of real GDP.
d. the growth
rate of long-run trend GDP.
e. how much the
economy contracts during a recession.
2. The
consumption category does not include purchases
a. of new cars
made by consumers.
b. of
entertainment services made by consumers.
c. of new
clothing made by consumers.
d. of new houses
made by consumers....

1. Suppose the consumption equation is represented by the
following: C = 250 + .75YD.
If no other variables depend on Y, then the Keynesian Cross
expenditure multiplier in this economy is
A) .25.
B) .75.
C) 1.
D) 4.
E) 5.
2. Use the following information to answer this question. If
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1) Real GDP per capita, growing at a constant rate over
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the end of that period. What must the annual growth rate
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a) 2%
b) 1%
C)4%
D) 15%
-----
2) Assume China in 2008 has a per-capita income of$3000
and the U. S. has a per-capita income
of $40,000.Between 2008 and 2028 China grows at 9
percent while the U. S. grows at...

The crowding out effect is zero if
Select one:
a. the LM-curve is vertical
b. the central bank conducts open market sales following fiscal
expansion
c. income is stimulated via a tax cut rather than an increase in
government spending
d. the central bank conducts open market purchases following
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e. the LM-curve is horizontal
An asset (other than money) is considered to be more liquid
if
Select one:
a. it can be quickly and cheaply transferred into money...

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