Why should the United States be concerned that China's annual
GDP growth rate is so much higher than the US? What is one thing
the US doing to stimulate GDP growth?
4. What is the difference between the growth rate of nominal
GDP, growth rate of real GDP and growth rate of real GDP per
capita? What are the determinants of the last one? Find out the
growth rate of U.S. Real GDP per capita for 1980-2019 and plot them
into a graph.
181) Consider an economy where the growth rate of real GDP is 6%
and the growth rate of money supply is 8%. If the quantity theory
of money holds, the inflation rate in the economy will be:
181) A) 8%. B) 6%. C) 14%. D) 2%.
182) Consider an economy where the growth rate of money supply is
2% and the inflation rate is 2%. If the quantity theory of money
holds, the growth rate of real GDP in the...
According to economic growth theory, the level of the GDP and
the rate of the real GDP growth rate have different economic
implications about the economic well-being of a country. If you are
given the options, would you rather live in a nation with a high
level of GDP and a low growth rate or in a nation with a low level
of GDP and a high growth rate? Why?
Economists consider education as an investment that has both
private...
The real growth rate is calculated by
- The BEA
adjusting the GDP for inflation
- The BEA
using nominal rates to reflect the GDP
- The BLS
adjusting the GDP per capita for inflation
- The BLS
calculating price level changes and population changes
Productivity growth is usually an indicator of
- The
possibility of inflation
- Future
increases in the unemployment rate
- The
decline in the health and prosperity of the economy
- The
increase in the...
What is the current real GDP growth rate, unemployment rate, and
CPI inflation rate for the US economy? What are these numbers
telling us? How do they compare to past values? Why are the values
what they are? In the future, how does one expect them to
change?
Analyze the patterns related to this data and explain how the US
economy is doing. Cite two trustworthy articles to support your
case.
1-In the long run, what is the theoretical relationship between the rate of growth in real GDP and the real rate of interest?
A) Over the long run, rates of growth in real GDP and the real interest rate should be equal.
B)There is little correlation between rates of growth in real GDP and the real interest rate.
C)Rates of growth in real GDP and the real interest rate have both historically been approximately 5% in the United States....