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Can you answer the following questions Which is a problem with the real GDP? O a. It doesn't include goods used by businesses O b.
Can you answer the following questions
Which is a problem with the real GDP? O a. It doesn't include goods used by businesses O b. It measures goods & services not income O c. Poor measurement of the capital in natural resources O d. It doesn't measure market production O e. No measurement of price inflationUnemployment that arises as people are in transition between jobs is referred to as... O a. seasonal unemployment O b. underemployment. O c. cyclical unemployment. cl. frictional unemployment. 0 e. structural unemployment. Since 1950 in the United States, the labor force participation rate for males has generally and the labor force participation rate for females has generally _. O a. decreased; increased 0 b. increased; decreased 0 c. increased; increased 0 d. been stable; increased 0 e. decreased; decreased Which one of the following approaches to measuring the economy seeks to directly.r provide an overall estimate of well-being? O a. The American Time Use Survey 0 b. Defensive expenditures 0 c. Satellite accounts 0 d. The opportunity cost approach 0 e. The Genuine Progress Indicator 1. What are three problems with the measurement of the GDP. Explain using examples. 2. What are the two ways to put a value on Household production, so that it could be considered in our accounting and policies 3. There are several ways Economists have discussed adding more Environmental dimensions into our measures of Production. briey discuss. 4. Name and dene 4 types of unemployment. Include an example of each. 5. How did the Great Depression encourage critique of Classical Unemployment Theory? En. Why did John Maynard Keynes believe Unemployment would not correct itself? T. Suppose the following data describe a nation's population: Civilian Non-Institutional 233 million Population a. How many people are unemployed: Year 'I Year 2 b. How many people are employed: Year 1 Year 2 c. Compute the employment rate: Year 1 Year 2 d. What is the Labor Force Participation Rate? Year 1 Year 2Step by Step Solution
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