7. Question 7 This year in Country L, GDP is $500 billion, private consumption is $300 billion, government expenditure is $100 billion, and trade surplus is $20 billion. How much…
6. Question 6 This year, country K has a budget deficit of $30 billion, taxes are $70 billion, and government expenditures are $80 billion. How much did the government spend…
4. Question 4 In country D, the total adult population and the number of adults with jobs have remained constant since last year, while the labor-force participation rate has declined….
3. Question 3 Among the adult population in country C, 50% participate in the labor market and 45% are employed. What is the unemployment rate in country C? 1 point…
8. Question 8 The purchase of __________. 1 point a used house does enter GDP new material for improving a used house does not enter GDP both…
1. Question 1 In 2015, the average nominal wage rate in country A went up by 1% and the rate of inflation was -2%. The real wage rate growth in…
10. Question 10 Consumer price index is a measure of the price level for the goods and services __________. 1 point produced in a country and consumed by households…
9. Question 9 An Indian company buys a new machine made in Britain by a Japanese company. No additional resources are used in India for the investment. The machine is…
7. Question 7 In country M, households have been going to restaurants for half of their meals and for the rest they have been enjoying their own cooking at home….
2. Question 2 Over the past three decades, the real GDP of the United States has increased at an average the rate of 3% per year. The average growth rate…
