Category: Economics

Suppose people consume 3 different goods. The following table shows the prices and quantities of each good consumed in 2019, 2020, and 2021 .a. Calculate nominal GDP in each of the three years. b. Calculate Real GDP in each of the three years, using 2019 as the base year. c. Calculate the rate of inflation…

Macropoland, a country that is a natural gas and oil importer, has a natural rate of unemployment (at the full employment level of GDP) that is about 4.5%, and the long-run average rate of inflation over time has been about 2%. However, during the period 1973-1974, the country experienced an inflation rate of about 15%…

Macropoland, a country that is a natural gas and oil importer, has a natural rate of unemployment (at the full employment level of GDP) that is about 4.5%, and the long-run average rate of inflation over time has been about 2%. However, during the period 1973-1974, the country experienced an inflation rate of about 15%…

DO NOT ACCEPT IF YOU DO NOT KNOW WHAT SPSS IBM IS ? Create a word processing document to save your results. Open the customers_dbase.sav and use it to complete the following: (3 pts each) Select respondents who live in a town with 50,000-249,999 people (so townsize=2). Create a frequency table of level of education…

This is a case study with 12 questions to answer at the end. I will provide the full case study including the questions in one file. Please answer all the questions and only use information from the case study no plagiarism! Thank you and let me know if u have any questions.

Hi there, for this assignment. Please read this economic model manual paper, only from pages 15-18. please remember this is not a summary – instead it is a discussion of something in a reading that frustrates you. Explain some way in which the text frustrates you or could be improved. This could be because you…

During periods of instability, how might a bank’s balance sheet change? In particular, discuss how assets, liabilities, and bank capital may change during periods of rising unemployment rates. How might a bank safe guard itself to protect against insolvency? How would this affect the money multiplier? presenting an original answer relating it to course content…

In this module, we discuss fiscal policy and how it can be implemented in a recessionary gap or inflationary gap. Recently, COVID-19 has resulted in many government officials issuing executive orders to shelter in place as a way to fight the surge in COVID-19 cases, except for those working in industries that provide essential needs….

Exam Content Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following: Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied. The term “trade deficits” is…

Respond to the following prompt in a post with a minimum of 150 words. In recent decades, economic inequality (both income inequality and wealth inequality) has become a prominent topic in American politics. How would you define income inequality? How is income inequality measured? What has happened to income inequality in the United States since…