Define Economic events.

Q: What can you infer from the 2018 Global Cities Index and the 2018 Global Cities Outlook?

A: 2018 Global Cities Index  The Global Cities Index assesses cities' global engagement in five areas:…

Q: Mexico and Brazil have very different trading patterns. While Mexico trades mainly with the United…

A: The gravity model of trade has been useful in identifying the trading patterns of the various…

Q: Why do the prices of primary products tend to be unstable?

A: Primary products refers to the goods that are required by almost everyone in the market as they are…

Q: What is the primary way in which economists measure standards of living? What are some of the other…

A: A standard of living measures the material or economic welfare of the economy. The real GDP per…

Q: What you understand by Business Cycles.

A: In economics, there are numerous economics terms used to define a specfiic market situation and…

Q: What do you understand by an economic cycle?

A: An economic cycle is nothing but the fluctuations in the economy.

Q: Draw a graph of a business cycle. Label and explain each phase of the business cycle.

A: These four stages of business cycle are expansion, peak, contraction, and trough.

Q: Identify the major ways of measuring economic activity.

A: Economic activity is measured through the Gross Domestic Product (GDP), Gross National Product (GNP)…

Q: Are there 2 types of business cycles?

A: Trade cycles or business cycles refers to the progression of the economy over a period of time.…

Q: gdp?asap

A: GDP = C + I + G + NX  C - Consumption  I - Investment G- Government expenditure  Nx - Net export

Q: You can use a price index to study the buying habits of individuals? True or false

A: The average change in prices between periods or the average difference in prices between places is…

Q: what are the causes of economic fluctuati

A: Answer -

Q: Define Economic Stagnation

A: Inflation refers to rise in average price level of goods and services.  Economy is at full…

Q: During which of the following situations is the percentage change in real GDP always positive? Multe…

A: In an economy, business cycle phases give specfiic information about the real GDP whether it is…

Q: Describe the economic cycle. Give specific details and examples.

A: Economic cycle refers to the fluctuation the economy experiences which causes expansion and…

Q: Use Figure 6 to answer questions 30: RGDP| E A D Time Figure 6 30. In Figure 6, which area…

A: The diagram given in the question belongs to business cycle of an economy.

Q: What are business cycles? What are their consequences?

A: The economic fluctuations can be explained through the business cycle. This can explain the decrease…

Q: Give long information about economic changes.

A: Economic change is defined as a change in the structure of an economic system.This results in…

Q: Does the economic cycle have a specific time of months or years

A: Economic Cycle is also known as Business Cycle or Trade Cycle. There are 4 stages in an economic…

Q: A point where most economic indicators are at their high point. 1-depression 2- expansion 3- peak…

A: When talking about phases of business cycle, these phases are explained by the movement of economic…

Q: Are the four phases of the business cycle in a certain order?

A: The business cycles are the various fluctuations of output that result in fluctuations in…

Q: Why do you think macroeconomists focus on just a few key statistics when trying to understand the…

A: In macroeconomics, we study the behavior of the entire economy where the government uses various…

Q: What is GDP in econimic terms?

A: The Gross Domestic Product (GDP) is the standard measure of value-added produced during a certain…

Q: f Actual (real) GDP is greater (more than) than po

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Write down an equation of motion which takes into consideration technological advancement and what…

A: Equation of motion refers to rate of change in capital stock.

Q: Why is the GDP important?

A: Gross domestic product refers to the total monetary value of goods and services produced in a…

Q: role of statistics in business and economics?

A: Statistics- It has an important role in every field of human activity. It helps in the determination…

Q: List and discuss three key facts about economic fluctuations.

A: Concept of Economic Fluctuations Economic fluctuations are simply fluctuations in a country's…

Q: What are the four phases in the typical business cycle?

A: The Four phases in the business cycle are  Expansion- Peak- Contraction- Trough-

Q: Which of the following is studied under the theory of Macroeconomics? a. Business income b.…

A: As wants and desires of the individuals in the economy are unlimited but the resources available to…

Q: What are the steps in the process used to evaluate the net economic change brought about by an…

A:

Q: Business Cycles What unticipated Changes lead to economic booms? What unticipated Changes lead to…

A: Due to typo error in the question (unticipated), answer does not specifically mentioned about…

Q: What is the size of the underground economy as a percentage of GDP?

A: Underground economy is the money earned from illegal activities like drug sale, money laundering…

Q: What effect can leading economic indicators, coincident economic indicators, and lagging economic…

A: Various indicators are utilized by analysts/economists to make certain decisions for the nation, or…

Q: How can the economic cycle be interpreted?

A: The economic cycle is the fluctuations of the economy between periods of expansion (growth) and…

Q: 9. Economics is the study of

A: To find : What is economics.

Q: There are many factors that can influence the economy. Do you think natural disasters affect the…

A: The gross domestic product (GDP) is the total money value of all the goods and services produced in…

Q: What is a business cycle? How do businesses adapt to periods of contraction and expansion?

A: The expansion period is referred to as the development period, takes place as the economy expands…

Q: How does economic activities help the economic cycle? explain.

A: The term "economic cycle" refers to the economy's swings between expansion and contraction. The…

Q: For each of the following events, what is the likely effect on GDP?

A: Gross Domestic Product is the aggregate money value of all final goods and services produced in a…

Q: Describe and use at least five pieces of real economic data to explain the current state of the U.S.…

A: Present status of the U.S economy in second from last quarter  Real gross domestic product (GDP)…