Which of the following groups is the principal source of savings in an economy?
Another way to prevent getting this page in the future is to use Privacy Pass. Then: At the core of understanding economic growth is the idea that to raise living standards over time, an economy must: Which of the following is the best example of financial investment?
Real gross domestic product: A) will increase if the price level increases.
Which of the following is the best example of investment as defined by economists? This number is called GDP, or gross domestic product. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware.If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Gross domestic product (GDP) is the market value of final goods and services produced within a country in a given time period. Then B. output per person necessarily decreases 3. Economists and policy makers are committed to encouraging a high and growing level of real GDP because: An increase in the overall level of prices in an economy is called: Inflation is troublesome to consumers because of the following effects, except: Which of the following is most likely to be an indication of higher unemployment? Which of the following best describes the economy's response to a negative demand shock? Macroeconomics is primarily concerned with studying two broad topics: Short-run fluctuations in output and employment are referred to as: The period when output and living standards decline is referred to as: The major statistics that provide macroeconomists a picture of the health of an economy include the following, except: Suppose that an economy's output does not change from one year to the next, but the price level doubles. Suppose that real GDP increases by 5% while the population of a country increases by 7%. 1. Real gross domestic product: A. In macroeconomic models, prices are assumed to be completely inflexible in: You may need to download version 2.0 now from the
But just knowing a country's GDP for one time period doesn't tell us a whole lot; we want to be able to compare it to other countries, or even more importantly, compare the same economy to … Real gross domestic product C. will increase if there is an increase in the level of output 2.
Then the family's living standard: Suppose that real GDP increases by 5% while the population of a country increases by 7%. C) will increase if the level of output increases.
When economists measure the size of an economy, the most common metric they use is one that reports the total value of all the goods and services produced by workers in that economy. D) is a measure of inflation. Real gross domestic product (GDP) is an inflation-adjusted measure that reflects the value of all goods and services produced by an economy in a …
B) can change from one year to the next even if there is no change in output. Is a measure of inflation B. Situations in which firms expect one thing to happen but then something else happens are called: Sharply rising oil prices are most likely to lead to a: If consumers become pessimistic, the economy is likely to experience a: An increase in worker productivity will lead to a: Economists believe that most short-run fluctuations: If prices are inflexible, then a negative demand shock will lead to: Because prices are sticky, positive demand shock will lead to: Business cycle fluctuations typically arise because: If prices of goods and services are free to quickly adjust, then: If prices of goods and services are inflexible, then: Suppose that prices are sticky in the short-run.
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