Which of the following is an example of a macroeconomic indicator? A)The price of a specific product B)The income of an individual household C)The unemployment rate D) The sales of a particular company
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Which of the following is an example of a
- A)The price of a specific product
- B)The income of an individual household
- C)The
unemployment rate - D) The sales of a particular company
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- Which of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt otherwise give 20 downvotesWhich of the following is an example of a macroeconomic indicator? A) The price of a specific product B) The income of an individual household C) The unemployment rate D) The sales of a particular company Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends accountWhich of the following variables is not a real variable? Group of answer choices The amount of corn The dollar wage The nominal interest rate adjusted for inflation The price of bananas relative to the price of oranges
- A number of statistics are computed to measure the price level, such as the GDP deflator and the CPI. The choice of which of these measures to use depends in many cases on the specific question in which you are interested. For each of the following situations, state whether the CPI or GDP deflator is a more appropriate measure to use and explain why the statistic is preferred. a. You are interested in looking at the impact of higher prices of imported oil in the overall cost of living. b. The government is interested in whether increases in defense spending are affecting the price level. c. An economic consulting firm is investigating the impact on the aggregate price level of more computers and electronic technology used in production.Define the three macroeconomic variables (inflation, unemployment, growth)Please help me to answer the requirements completely: Thank you Compute for the physical change Compute for the price change
- Your first job after graduation is in the statistical office of the small country Exemplia, where most people are employed in olive groves and love eating olives. Based on the most important transactions in Exemplia summarised in below table, you are tasked with calculating the consumer price index with base year 2020. 2020 2021 Price Quantity Price Quantity Olives (domestic consumption) 2 2,000 2.20 2,100 Olives (export) 2 4,000 2.20 3,600 Potatoes imported 1 1,000 1 800 Government‘s purchase of pencils 0.50 10,000 1 6,000 Olive picking machines (imported) 100 10 110 10 a) Determine a suitable basket. b) Using basket from your answer to question (a), calculate the CPI for 2020 and 2021, and the inflation rate for 2021. c) Briefly discuss the most important differences between the calculation of the CPI and the GDP deflator and their consequences.Your first job after graduation is in the statistical office of the small country Exemplia, where most people are employed in olive groves and love eating olives. Based on the most important transactions in Exemplia summarised in below table, you are tasked with calculating the consumer price index with base year 2020. 2020 2021 Price Quantity Price Quantity Olives (domestic consumption) 2 2,000 2.20 2,100 Olives (export) 2 4,000 2.20 3,600 Potatoes imported 1 1,000 1 800 Government‘s purchase of pencils 0.50 10,000 1 6,000 Olive picking machines (imported) 100 10 110 10 Using basket from your answer to question (a), calculate the CPI for 2020 and 2021, and the inflation rate for 2021.Your first job after graduation is in the statistical office of the small country Exemplia, where most people are employed in olive groves and love eating olives. Based on the most important transactions in Exemplia summarised in below table, you are tasked with calculating the consumer price index with base year 2020. 2020 2021 Price Quantity Price Quantity Olives (domestic consumption) 2 2,000 2.20 2,100 Olives (export) 2 4,000 2.20 3,600 Potatoes imported 1 1,000 1 800 Government‘s purchase of pencils 0.50 10,000 1 6,000 Olive picking machines (imported) 100 10 110 10 Determine a suitable basket.
- Which of the following macroeconomic variables is the most seasonally procyclical? 1- Expenditure on services 2- The unemployment rate 3- Expenditure on durable goods 4- The real wageThe table below represents the goods that are produced in Surrrey. Bread and water are used by the citizens of the city. Half of all plows are used by the city council, while the rest are used by citizens. Metal is used to produce plows and nothing more. When necessary, use 2013 as the base year. The typical consumer buys 10 bread, 100 water, and 2 plows. Use this table for questions 2-9. Bread Water Plows Metal Price Quantity $43 $44 $46 Price Price Quantity Price Quantity Quantity $2 $3 $3 800 1000 $150 1100 $200 1100 $200 2011 100 $1 60 2012 110 $1 70 875 2013 120 $1 70 900 $5 $2 1100 $210 40 $49 934 2014 120 7. Calculate inflation for all adjacent years. how work.Which of the following is not a micro-economic variable?[A] Demand of a commodity[B] Supply of a commodity[C] Price rise of a commodity[D] Employment generated in a year in a country