Macroeconomics

1) Define the Gross Domestic Product, what does it include, and how is it calculated? b singorgan 2) What is meant by the per capita GDP? 3) Define the labor-force participation rate. 4) What is the difference between GDP and GNP? abdo riso ezooming wilqulum svirgen A (vg Whovo To sonsuper Jailw 5) What are some side effects of increased unemployment? 6) Explain differences between seasonal, structural, frictional and cyclical unemployment. 7) Which countries produce the most output annually? inemmevog won of bub basmob stagpigs 3) What is included in consumption, investment, and government purchases? ooart art Won A (SE 9) What are the redistributive effects of inflation? quo to level bus zim ard ved soom ai torW (EE 10) Inflation and Deflation mean? posit it todo y Stoofte Juo grubworo sch al intW (HE 1 1) A decrease in the average level of prices of goods and services is. gainile (E 12) If the CPI increases from 100 to 130 for one year, the rate of inflation for that year is: 13) If employed persons equals 50 million, unemployed persons equals 10 million, and number over age 16 equals 80 million, the unemployment rate and labor force participation rates equal? 14) Why are creditors harmed by unexpected inflation? to zolamany on indW (BE 15) If nominal GDP in 2000 is less than nominal GDP in 1998, the economy's real output of . (PE goods and services must have been in recession? 16) What is meant by a circular flow model of the economy in terms of expenditures equalling OF incomes? Shioilsb togbud puemov Idob Isnoitsn edt noswed conoroflib sili ai redW (IA 17) Define and explain the average propensity to consume. Dianeven . 2.U off to arablord nods won) (SP 18) What is meant by a recessionary GDP gap: feet the s bonitob )dob lamstall (EL 19) Disposable income is equal to: idsb Isuousn bas ationlob Jusmommavog to tool (FA 20) A stock market crash that affects the wealth of individuals will change the level of? IBnoUSD 21) What are key determinants of investment? Musder esehis liatlob guibolque nA (of 22) Which of the following will cause the aggregate-demand curve to shift to the left? 23) Using the output at which the aggregate expenditure curve intersects the 45-degree line, where can we identify equilibrium, savings and dissavings? 24) Leakages include? COMM wol s flew seorl of esilimas1 IM