How much (if any) does each of the following transactions raise GDP? Answer as a whole number. The same individual purchases $3,000 worth of materials and builds himself a garage, which is worth $10,000. $ Type your numeric answer and submit How much (if any) does each of the following transactions raise GDP? Answer as a whole number. An individual pays a carpenter $10,000 to build a garage. $ Type your numeric answer and submit How much (if any) does each of the following transactions raise GDP? Answer as a whole number. The same individual goes to the woods, cuts down a tree, and uses the wood to build himself a garage that is worth $10,000. S Type your numeric answer and submit R A price index that is used to measure inflation will do which of the following? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Hold prices constant b Hold quantities constant Hold neither prices or quantities constant d Hold both prices and quantities constant Match the items on the left with the corresponding selections on the right. Drag and drop options on the right-hand side and submit. For keyboard navigation... SHOW MORE v A skilled airline pilot looking for work after being Cyclical Unemployment laid off as a result of fewer airplanes being purchased Structural Unemployment A worker laid off following a decline in GDP Frictional Unemployment A new college graduate actively seeking a jobGiven an announcement of increased numbers of unemployed individuals, what must be happening to the unemployment rate? The unemployment rate: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a must beincreasing because total unemployment is increasing b may not change due to weaknesses in our unemployment measures will decrease if employment does not increase d will decrease if employment rises more rapidly than unemployment We have reached full employment when which of the following is true? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Cyclical unemployment is zero, but frictional and structural unemployment are positive. b Frictional unemployment is zero, but cyclical and structural unemployment are positive. Structural unemployment is zero, but frictional and cyclical unemployment are positive. d Cyclical, frictional, and structural unemployment are all zero. Indicate the effects of the following on the components of real GDP. An increase in the U.S. consumption of foreign-grown bananas as substitutes for U.S. grown oranges will cause: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a An increase in consumption and an increase in imports b No change in consumption and an increase in imports C An increase in consumption and a decrease in exports d No change in consumption and an increase in net exportsIf a country is experiencing deflation: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a changes in real GDP are less than changes in nominal GDP. b changes in real GDP are equal to changes in nominal GDP. c changes in real GDP are greater than changes in nominal GDP.Suppose real GDP rises by 3.2 percent. What is the rate of change in nominal GDP? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a An amount that is definitely less than 3.2 percent. b 3.2 percent minus the rate of inflation. c 3.2 percent plus the rate of inflation. d An amount that is definitely greater than 3.2 percent.If price levels increase by 3% and total spending in the economy has increased by 5%, what has happened to real GDP? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Increase of 2% b Increase of 3% c Increase of 5% d Increase of 8% Fill in the Blanks Type your answers in all of the blanks and submit X. x Q- If everything else stays the same, what happens to real GDP per capita if the following changes occur? Does real GDP per capita rise or fall? a. Consumption rises by 10% b. Government spending falls by 5% c. Investment falls by 10% | Write your response here... d. Net exports rise by 5% Fill in the Blanks Type your answers in all of the blanks and submit What approximate percentages of GDP are the following portions of GDP? Use whole numbers. Consumption spending Investment spending Government spending on goods and services Exports | Write your response here... Imports | Write your response here... Investment spending in Gross Domestic Product will include which of the following? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a A new factory b A newly issued stock C The value of a company purchased by another for expansion d None of the aboveIf the unemployment rate decreases, which of the following may be true? Select all that apply. Multiple answers: Multiple answers are accepted for this question Select one or more answers and submit. For keyboard navigation... SHOW MORE v a Thenumber of people looking for work decreased and the number of people with jobs increased by even more. b The number of people employed increased but the number of people looking for work stayed the same. Thenumber of people unemployed stayed the same but the labor force increased