Question
1.if the CPI this period is 165.7 and last period was 161.9, then the inflation rate is Select one: 6.4% 2.3% 1.8% 4.2% 2.The investment
1.if the CPI this period is 165.7 and last period was 161.9, then the inflation rate is
Select one:
6.4%
2.3%
1.8%
4.2%
2.The investment component of GDP includes
Select one:
Fixed investment but not changes in inventories
Private and public fixed investment and changes in inventories
Public fixed investment and changes in inventories
Private fixed investment and changes in inventories
3.If actual real GDP is $23 trillion and potential GDP is $26 trillion, then the output gap is
Select one:
$3 trillion and it is negative
$23 trillion and it is positive
$23 trillion and it is negative
$3 trillion and it is positive
Clear my choice
4.The definition of gross domestic product (GDP) does not include which of the following?
Select one:
Goods and services priced in a market
Final goods and services
Intermediate goods and services
Domestically produced goods and services
5.If there is an increase in wages, then
Select one:
SAS will shift to the left, but LAS will not move
Both SAS and LAS will shift to the left
Both SAS and LAS will shift to the right
SAS will shift to the right, but LAS will not move
6.An increase in taxation will shift the AD curve to the
Select one:
Left because consumption will fall
Right because consumption will rise
Right because government revenue will decrease
Left because government revenue will increase
7.A technological improvement will shift
Select one:
The SAS and LAS curves to the right, but not PPF
The LAS and PPF curves to the right, but not SAS
The PPF curve to the right, but not SAS and LAS
The SAS, LAS and PPF curves to the right
An inflationary gap can be removed when
Select one:
Wages fall shifting the SAS curve to the left
Prices in the economy decrease
Wages rise shifting the SAS curve to the left
LAS shits to the left
I DONT need an explanation please reply to me fast I want to answer only.
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