Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle.

Explain the fundamental causes of nations business cycle fluctations.Also examine the relationship between total spending by government and consumers in a nation and location of countries GDP on the business cycle.

How does the decline in real personal income compare today with prior recessions?

U.S. macroeconomic data are among the best in the world. Given what you learned in the Clear It Up "How do statisticians measure GDP?", does this surprise you, or does this simply reflect the complexity of a modern economy? Suppose GDP was modified to include the value - positive or negative - of changes in environmental quality. How could this be done accurately?

11. In an AD/AS model: (A) the GDP deflator always slopes upwards. (B) the potential GDP always slopes downwards. (C) the CPI is shown on the vertical axis. (D) real GDP is shown on the horizontal axis.

Discuss in depth the three instruments used to determine the "health" or performance of our economy. Be sure to include the equation or index used measure them, why they are important, and how they affect the business cycle.

1 a. US GDP was 14,419 billion in 2009 and 14,964 billion in 2010. What was the percentage increase in GDP over this period? Show your work. 1 b. Inflation between 2009 and 2010 was 1.2 percent. What was the approximate percentage growth in real GDP? 2. According to the Bureau of Economic Analysis in the U.S. Census Bureau, what was US GDP in 2017, in billions of current dollars? 3. Approximately when did the most recent U.S. recession occur?

So far, we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amountsof national income and price levels that might exist, how do we gravitate toward the one that gets measured each year asreal GDP?In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP)and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS)determines the short-run equilibrium output and price level.Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where inthe business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If currentreal GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to thefull-employment output, then we say that the economy is in long-run equilibrium. The…

Nominal GDP rose by more than $1 trillion between 2015 and 2016. We can therefore be sure that the economy expanded. Critically evaluate.