Part-time workers are counted as: unemployed and therefore the official unemployment rate tends to overstate the level of unemployment fully employed and therefore the official unemployment rate tends to overstate the level of unemployment fully employed and therefore the official unemployment rate tends to understate the level of unemployment O unemployed and therefore the official unemployment rate tends to understate the level of unemploymentProfessor Snape grows cucumbers for home consumption. This activity is: excluded from GDP because an intermediate good is involved O excluded from GDP in order to avoid double counting O excluded from GDP because no market transaction occurs O included in GDP because if reflects production of a good or serviceIn the country of Dearbornia GDP in 2018 was $300 million. In 2019 GDP was $320 million. The Price Index in 2018 was 110 and in 2019 it was 120. Compare real GDP in 2018 to real GDP in 2019 using 2019 dollars. In other words, inflate nominal GDP in 2018 to 2019 dollars. What is real GDP in 2018 (measured in 2019 dollars)? $294 million O $327 million $276 million $349 millionThe unemployment rate that occurs during full employment (known as the natural rate of unemployment) is: The unemployment rate experienced by the most-skilled workers in the economy. O The unemployment rate below which inflation will become a problem. The unemployment rate experienced by the least-skilled workers in the economy. The unemployment rate experienced at the depth of a depression.Capitalist economies are characterized by: uninterrupted economic growth persistent full employment instability of employment and price levels economic stabilityWhat if Sam buys $7 worth of yarn to knit a sweater for her cat. By how much does GDP increase? O $4 O $0 O $7 O $3The cost of inflation falls upon which group the hardest? middle-income Americans who pay most of the taxes and spend most of their income on goods and services elderly Americans and other people living on fixed incomes O debtors, people who borrow money O wealthy Americans who invest in stocks and bonds, the value of which is sensitive to inflationIn 1933 net investment was negative $5.5 billion. This meant that: The economy was expanding in that year. The production of 1933's GDP used up more capital goods than were produced in that year. The economy produced no capital goods at all in 1933. O Gross investment exceeded depreciation by $5.5 billion