How is GDP related to the unemployment rate? What are the five components on the expenditure side of GDP

How is GDP related to the unemployment rate? What are the five components on the expenditure side of GDP (don't Yust give the letters, say what they each stand for).

Expert Solution

GDP and the unemployment rate are inversely related, the higher the GDP growth in the market the lower the unemployment rate will be, if the GDP is at the potential level the unemployment rate will be at the natural rate, if the GDP growth rate is falling then the unemployment rate in the market will be increasing.

the five component of the expenditure side of the the GDP are Consumption (what the consumer demand in the market,) investment what the firms in the market are investing, government purchases, net export that is total export of the nation - total import of the nation.

Rahul Sunny answered 2 years ago

What is the relationship between the unemployment rate and GDP?

What are the components of GDP? Provide statistics related to components of U.S. GDP in 2019 (write source of statistics/data)

What are the components of GDP? Provide statistics related to components of U.S. GDP in 2019 (write source of statistics/data).

GDP and unemployment Analyse the effects of quarantine on GDP, employment and the unemployment rate. Which...

GDP and unemployment Analyse the effects of quarantine on GDP, employment and the unemployment rate. Which industries are likely to be most affected and which industries are likely to be least affected by quarantine measures? Choose any country that introduced quarantine as an example. What was its GDP growth rate in 2018, 2019? (Indicate the source of information.) Is this country likely to be in recession this year? Refer to two definitions of recession. Are your answers consistent with (general)...

Show how growth rate of GDP per capita is related to the growth rate of GDP...

Show how growth rate of GDP per capita is related to the growth rate of GDP per worker and growth rate of working-age fraction of population. How does the effect of population redistribution reduce the average growth rate of income in the world? Explain this (composition effect) by providing examples.

If actual GDP is below potential GDP, then the unemployment rate is _____________ the natural rate. A)...

If actual GDP is below potential GDP, then the unemployment rate is _____________ the natural rate. A) below B) above C) right at D) cannot be determined without inflation rate Fiscal policy affects the economy through: A) Taxes B) Government Spending C) Interest Rates D) Taxes and Government Spending The Federal Reserve Bank’s decisions on monetary policy are made by the: Board of Governors B) FOMC C) Reserve Banks D) Federal Reserve Bank of New York One of the FED’s responses to the COVID crisis has been to: Lower the...

How does the figure arrived at in adding up the demand side components of GDP relate...

How does the figure arrived at in adding up the demand side components of GDP relate to the number arrived at by adding up all of the components of the supply side of GDP?

Explain how we measure unemployment in the U.S. Define the different components to the unemployment rate...

Explain how we measure unemployment in the U.S. Define the different components to the unemployment rate (cyclical, structural, and frictional). Critically analyze the tradeoffs economies face when they attempt to decrease the unemployment rate below the natural rate. Use graphs and or models in your analysis.

what is the conection and impact U.S GDP with U.S unemployment rate

1. Define GDP and the components of GDP. How is GDP computed? What is the difference...

1. Define GDP and the components of GDP. How is GDP computed? What is the difference between money GDP and real GDP? Why are we concerned about this difference? 2 . Discuss the following: The consumer drives the US economy? Explain. 3. What is inflation and how does it differ from deflation. How do we measure the inflation rate? 4. Why is a high inflation rate harmful?

What is the current real GDP growth rate, unemployment rate, and CPI inflation rate for 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.

Question