Study the alternatives given below and identify the one that is not an example for macroeconomics. a. Aggregate expenditure of UAE b. General price level c. National income of India d. Price of apple computers in Oman
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- Solve it correctly Price level and Real GDPThe Data of Macroeconomics – Work It Out Question b. Calculate the percentage change in each of the 2 following between 2010 and 2015. Consider an economy that produces and consumes bread and automobiles. The table includes data for two different years. % change auto prices = % 2010 2010 2015 2015 Good Quantity Price Quantity Price Automobiles 70 $46000 120 $65000 % change bread prices % %3D Bread 590000 $8 370000 $17 Round answers to to places after the decimal where % change GDP deflator = % necessary % change CPI = %Explain only demand and supply in macro economics. Please also include the graphs. Only short paragraph needed including graphs.
- Computing the cost of goods per basket , what is constant? A. Price of the current year B. Quantity of the base year C. Quantity of the current yearPlease no written by hand solutions For a demand schedule, which of the following is held constant? a. relative prices b. nominal prices c. quantity demanded d. quality of the good(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increasedB. The real value of GDP remains the same C. North Sea oil wells have dried upD. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activityB. it coincided with BrexitC. it forced social isolationD. it obliged people to develop new Information Technology skills(i) A is correct(ii) A and B are correct(iii) A and C are correct(iv) All of the above are correct
- Identify each of the following as nominal or real variables.a. the physical output of goods and servicesb. the overall price levelc. the dollar price of applesd. the price of apples relative to the price of orangese. the unemployment ratef. the amount that shows up on your paycheck after taxesg. the amount of goods you can purchase with the wage you get each hourh. the taxes that you pay the government3. Economic fluctuationsThe consumer price index is used to: a. Track changes in the level of wholesale prices in the economy. b. Monitor changes in the cost of living. c. Track changes in the stock market.
- Perform these same calculations for 2018 and 2019, and enter the results in the following table. 2017 2018 2019 Price Cost Price Cost Price Cost Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) Notebooks 10 2 20 10 30 Calculators 1 50 50 54 54 75 75 Large coffees 200 200 1 200 1 200 Energy drinks 100 200 3 300 4 400 Textbooks 10 100 1,000 120 1,200 150 1,500 Total cost 1,470 1.764 2,205 Price index 100 Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2017 and 2018, the CSPI increased by Between 2018 and 2019, the CSPI increased by 100% 54°F PrtSc Insert Delete F4 F5 F6 F7 F8 F9 F10 F11 F12Changes in the consumer price index are useful in predicting changes in the producer price index. Select one: a. False b. TrueThe aggregate quantity demand of real GDP A. increases if the price level rises. B. decreases if the price level rises. C. does not change with prices. D. All of the choices above are correct.