Based on the graph, a decrease in ________ could cause the economy to move from Point A to Point B. a. the price level b. consumer confidence c. the labor force participation rate d. wages e. taxes on consumers
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Based on the graph, a decrease in ________ could cause the economy to move from Point A to Point B.
a. the price level
b. consumer confidence
c. the labor force participation rate
d. wages
e. taxes on consumers
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- How do you calculate potential GDP when you are given this chart?How has government expenditure in France throughout the period for which data is available in the graph?Exercise Number 1 Taking the data of the following table answer 1 through 3. Indicators of Puerto Rico, 2009 (Income in millions of $) 56,098.7 Personal disposable income (Current prices) Price index to deflate personal disposable income Population Working group Job 6.014 3,961,000 1,349,000 1,166,000 3,057,000 Persons 16 years or older 1. Personal disposable income per capita at constant prices is: а. 2,269 b. 2,269 с. 2,306 d. 2,355 2. The unemployment rate is (in %) а. 13.56 b. 10.61 C. 11.70 d. 10.40 е. 11.00 3. The participation rate for that year was (in %) a. 47.9 b. 44.1 C. 45.1 d. 47.0 е. 46.4
- The income of Americans is on the rise. What happens to the sales of new luxury cars? Graph itPlot the following dataset and elaborate your concept regarding the graph: Quantity AC MC 0 110 - 100 80 40 200 55 20 300 45 45 400 55 80 500 80 120 600 110 160please do the graphs and the questions thank youuuuu
- Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow. Goodland Economy 2017 and 2018 Items Production Price per/unit ($) Production Price per/unit ($) Rice (tons) 50,000 1.5 55,000 2 Wheat (tons) 1,00,000 2 98,000 2.5 Tractors 50,000 23,000 45,000 24,500.00 mid-size (units) Cotton (tons) 1,20,000 100 1,10,000 120 Used cars (units) 5,000 5,000 6,000 7,000 Manufacturing Garments (tons) 1,50,000 50 1,45,000 70 Eggs (trays) 2,000 2.5 2,300 3.5 Coca Cola (litres) 6,000 0.8 6,500 1.2 Pepsi Cola (litres) 700 1.1 850 1.5 Beef (tons) 5,000 6.5 4,800 8.5 Second hand clothes (tons) 500 15 450 25 Alcoholic Beverages (litres) 500 3.25 600 3.75 Milk (litres) 7000 2.3 7,500 2.5 Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to calculate real GDP.…Calculate the PPP-adjusted GDP for each of the four countries, using the information found in the table below. Instructions: Round your answers to the nearest dollar. Country Ona Rye Zolfo Avon GDP ($) 9,000 12,800 14,100 23,100 Price level (%) 8 -24 -12 23 PPP-adjusted GDP 8,333 -3,072 16,022.73 18800 M
- The following table shows some data for an economy that produces only two goods: milk and honey. Year 2020 20 2022 Year 2020 2021 2022 2 Price Quantity Price (Dollars) (Quarts) (Dollars) 1 150 2 150 2 2022 Milk The following table shows nominal GDP, real GDP, and the GDP deflator for each year listed. Nominal GDP Real GDP (Dollars) 350 700 1,400 300 % % From 2020 to 2021, 4 350 700 Honey 4 Quantity (Quarts) 100 % (Dollars) GDP Deflator 350 Compute the percentage change in nominal GDP, real GDP, and the GDP deflator in 2021 and 2022 from the preceding year. 100 100 Percentage Change In... Year Nominal GDP Real GDP GDP Deflator 2021 % % % 200 200 200 did not change; and from 2021 to 2022, Comparing the changes in 2021 and 2022, economic well-being increased more in did not change.Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 100Can you provide an explanation of the graph.
