10. When did the U.S. economy recover to the same GDP level just prior to the Covid-19 pandemic. (a) In the first quarter of 2021 before any of President Biden's policies were implemented. (b) Only after President Biden's policies were implemented in the second quarter of 2021 (c) Only in 2022. (d) We have still not reached the 2019 level of GDP.
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10. When did the U.S. economy recover to the same GDP level just prior to the Covid-19 pandemic.(a) In the first quarter of 2021 before any of President Biden's policies were implemented.(b) Only after President Biden's policies were implemented in the second quarter of 2021(c) Only in 2022.(d) We have still not reached the 2019 level of GDP.
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- (c) Between 2018 and 2021, GDP measured in current prices fell from RM96 billion to RM48 billion. Over the same period, the relevant price index fell from 100 to 75. Calculate: (i) The percentage decline in nominal GDP from 2019 to 2021. (ii) The percentage decline in real GDP from 2019 to 2021. During the pandemic, the Malaysian real GDP is substantially lower than it was predicted prior to pandemic era. Prior to the pandemic, the economy is expected to grow at 5.5% per annum. However, due to the covid-19 disaster, the Malaysian economy now is expected to grow at 4.1%. A significant 1.4% lower than previously expected. (d) Explain the above statement in terms of the Malaysian citizens well-being.The following transactions took place in Ecoland in 2018: Trillions of 2014 dollars Government purchases 400 Taxes 360 Firms’ profits 300 Investment 400 Consumption expenditure 1000 Wages paid to labor 1400 Exports 300 Government transfer payments 150 Imports 350 (a). Calculate Ecoland’s real GDP in 2018, i.e., GDP measured in 2014 $. (b) How much do households save in Ecoland? Is it enough to finance domestic investment? (c) Does the government have a balanced budget? If not, what is the surplus or deficit? (d) If Ecoland’s nominal GDP in 2018 is $1900 trillion, how much inflation has Ecoland experienced since 2014?For a high-income economy like the United States, what aggregate production function elements are most important in bringing about growth in GDP per capita? What about a middle-income country such as Brazil? A low-income country such as Niger?
- Is it possible for GDP to rise while at the same time per capita GDP is falling? Is it possible for GDP to fall while per capita GDP is rising?35) A decrease in TFP caused by severe storms, fires, or the pandemic would lead to a(n) ________ in the golden-rule level of per capita savings and a(n) ____ in the golden-rule level of per capita consumption. (choose one) increase; increase increase; decrease decrease; increase decrease; decrease2. Suppose we have the following data to study if a country's per capita income (measured in thousands of dollars) is a function of its R&D spending (measured as a percentage of GDP). ( country 1 2 3 4 xi yi 1 4 2 6 3 7 4 10 (1) Calculate beta hats with OLS. (2) Calculate R2 and adjusted R².
- a) The consumption function of UAE ix C100+0.5Y. The Private business sector has made on investmentof 100 million dirham to expand their business. How much national income will change in the UAE economy? Assume there is no government or foreign sector.You want to explain Canada's GDP. You have quarterly data on GDP in current dollars from 2005 to 2020, Canada's population (in thousands of people), the trade deficit and the inflation rate. (b) What other regresors should you include in this model? Give at least two examples and explain why you think that they would be relevant in this model.4. 1. What has Government spending done to help the GDP during the covid Pandemic era? 2. What positive impact did the policy have on GDP?
- stion 11 A nation's potential output/GDP is best described as: The maximum growth rate of output/GDP a nation can sustain by keeping taxes low. The maximum level of output/GDP which can be produced with a nation's resources. A high-employment level of output/GDP. The maximum growth rate of output/GDP a nation can sustain by keeping both taxes and interest rates low. The maximum growth rate of output/GDP a nation can sustain by keeping interest rates low. Moving to the next question prevents changes to this answer. JUL 20 tv 11 MacBook Pro O □ A2 96 nts Turning Point (A) (B) (C) (D) (E) 1 The data in the accompanying table give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time. Date Jan 1980 July 1980 July 1981 November 1982 July 1990 The economy experienced an expansion that lasted from Multiple Choice Seved Help Real GDP (2012 $ billions) 6,837.6 6,688.8 6,978.1 6,794.9 9,398.5 Save & Exit Submit1. Spending - Included in the U.S. GDP for 2020, or not included ? If so, under which expenditure category (C, I, G, X etc,?) If not, why not? A.You buy a $20,000 new Toyota made in San Antonio. ____________________ B. Microsoft buys a $20,000 new Toyota made in San Antonio ________________ C. Kendrick Jones, of Alberta, Canada,goes to Toronto Autos to buy a $20,000 new Toyota made in San Antonio_______________ D. You buy $20,000 in General Motors Corporation stock ___________________ E. You pay a lawyer $2,000 to sue your neighbor for building a fence on your land, and lose the suit. ________________________ F, You buy your neighbor’s used fence for $1,000. _________________________ H. You pay Alamo Colleges $1200 tuition for classes you took during 2020 ____________________________ I. The federal government sends Nruce Borton a social security check for $600 during 2020. _______________________________ J. The San Antonio Independent School District pays Ricki Kicker $55,000…