Explain how a severe drought in a country, whose main activity is agriculture, can affect: The gross domestic product of that country Unemployment rate The agricultural product price index

Q: c. demand is likely to fall d. imports are likely to fall 9. In consumer behavior the culture,…

A: 8. Economic growth refers to a rise in the real per capita gross domestic product of an economy. An…

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A: *Answer:

Q: (A) Salary of the former President of the USA in 2019 who instead of working was either playing golf…

A: Answer: (A). False Explanation: Former presidents are also given salaries and many other financial…

Q: changes in national unemployment rate recent trends in the economic growth of the global economy the…

A: Macro economics refers to the economic study of entire economic behavior such as employment, general…

Q: A rising GDP, rising unemployment rate, and rising inflation rate signify a healthy economy. True or…

A: The gross domestic product (GDP) is a metric for determining the economic output of a country.…

Q: The Government has various tools available to deal with the Market Failure, the few of the tools…

A: Note: Since you have posted a question with multiple subparts, we will solve the first three…

Q: ollowing the end of WW2 (1945) , the US economy entered a golden age. The American economy boomed in…

A: In the aggregate demand- aggregate supply model, equilibrium occurs where the aggregate demand curve…

Q: Explain how civil wars, population growth, and public policy decisions have contributed to periodic…

A: Africa Famines: The famines in Africa causes lack of food supply and providing a threat to almost 80…

Q: Benefits and advantages of inflation and deflation in the economy.

A: Inflation is the situation of an abnormal increase in the general price level in the economy. The…

Q: You are the chair of the Malaysian Economic Council. There has been an extremely hot weather due to…

A: In Keynesian economics, an economy is said to be operating at a long-run equilibrium at a output…

Q: The Minimum wage determined in a country is very high, and when the employers are unhappy, it will…

A: The minimum wage is a price floor that is implemented by the government.

Q: Australian government implements numerous policies to provide economic support to the Australian…

A: Pretended by the Australian government to protect the economy are as per the following-  A.…

Q: Classify each statement based on the type of fiscal policy to which it refers. answer bank in image…

A: Expansionary fiscal policy: Expansionary fiscal policy refers to the situation where the government…

Q: The U.S. Economy, 2009 For 200 years, there were substantial differences among U.S. regions in per…

A: The following problem has been answered as follows:

Q: Suppose the federal government attempts to combat a recession by purchasing a new fleet of warships…

A: Economic Policy:-  The acts that government of a nation do in the economic sphere are referred to as…

Q: If there is no change in circumstances, what is the only factor that will increase commodity prices?…

A: Demand implies the quantity demanded of a product at each price level.  Supply implies the quantity…

Q: Eastlandia's GDP in 2021 is $18229. Government budget deficit in 2021 is $64.2. Government debt at…

A: When government spending is larger than taxes, then the government budget is in deficit. When…

Q: Research past recessions in the US economy. Analyze why the recessions occurred, the societal and…

A: A decrease in the economic activity in an economy is referred to as recession. When an economy is in…

Q: production :  a) is an individual activity b) is a cultural activity c) is a social activity d)…

A: Production is the activity of making something for selling or for consumption and creating something…

Q: In what year did more Americans work in manufacturing than agriculture?

A: In the initial years agriculture employment was more than manufacturing in united states.

Q: The economy of a hypothetical country has been stable for two or three years with very low…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Consider an economy with a corn producer, some consumers, and a government. In a given year, the…

A: GDP is the total value of goods and services that is produced in a county during a given period of…

Q: What is the current economic climate of Mexico?

A: Mexico is essentially a developing economy with ample potential for growth and development.

Q: Government spending increases • Workers expect high future inflation and negotiate higher prices…

A: The entire quantity of goods and services requested in an economy at a given moment is known as…

Q: In the country of Mordor, the government spent $100 million on swords. Prices do not rise at all,…

A: Marginal propensity to consume (MPC) is the ratio of the change in consumption (∆C) to the change in…

Q: discuss about national vaccination and economic recovery in Malaysia manufacturing industry.

A: The daily new COVID-19 cases has been consistently been reducing and it has been deteriorating in…

Q: It is possible for unemployment in a nation to reach 0%. True or false

A: When people who are willing to work and are able to work are unable to get jobs, then they are…

Q: Provide your answer below: Price Level 116 Real GDP = 120 billion

A: The real GDP of a country is a measure of its gross domestic product adjusted for inflation. areal…

Q: An unemployed person is    A person who wants a to work but does not look for one A person who is…

A: Employment is a situation in which a person is employed and has a job. He earns for his living and…

Q: The study of economics is very important because it helps to understand the causes of poverty and A…

A: Economics: The study of scarcity and its consequences for resource usage, production of products and…

Q: Find out net export of an american economy if import is $45,0000 and export is $75,000?

A: According to question we are given  Imports =$45,0000 Exports = $75,000 we have to calculate  net…

Q: Which of the following would likely be studied by a microeconomist rather than a macroeconomist?…

A: Answer: Correct option: d (The impact of minimum-wage laws on employment in the fast-food industry)…

Q: Country A has a natural climate that is perfect for growing strawberries - long sunny seasons and…

A: Absolute advantage refers to an actor's capacity to create more of a product or service than a…

Q: The Bahamas paid a "very high price" for not using non-tariff barriers to prevent foreign producers…

A: Here we can observe that at the beginning The Bahamas had a balanced economy in agriculture…

Q: Country A has a natural climate that is perfect for growing strawberries - long sunny seasons and…

A: Here, country A and country B are producing strawberries under different climate and labor force.

Q: Eastlandia's GDP in 2021 is $12494. Government budget deficit in 2021 is $63.7. Government debt at…

A: Budget deficit: - Government budget deficit is the condition in which the government spends more…

Q: Advocates for a structural solution to the Great Recession argued that O government should cut taxes…

A: The structuralist theory of modern macroeconomic school would result in the developmental…

Q: Which of the following government policies is least likely to increase the standard of living in the…

A: Define: The standard of living refers to the material well-being of the average person in a…

Q: TRUE OR FALSE (a) Only the final market value of the products will be included in the computation of…

A: A) GNP:- The total market value of final goods and services produced by a country in the economy…

Q: INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic 2014 2015 2016 2017 2018…

A: i. The public obligation is how much a nation owes to foreign lenders (be it a country or the World…

Q: BOT shows a deficit of 5000 dollars and value of imports are 9000 dollars. What is the value of…

A: Given deficit = $5000 Import = $9000

Q: To increase the price level the government could Select one: a. decrease government spending and…

A: Government spending is a component of Aggregate Demand and Technological advancement is a component…

Q: The difference between nominal GDP and real GDP is:     real GDP adjusts for inflation   real GDP…

A: Nominal GDP is calculated on the basis of the current price, while the Real GDP is calculated using…

Q: Describe the performance and status of the South African economy

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: describe how mmt contribute to your understanding with specific examples

A: The economics as a study is based upon the idea that the societies, and the economies tend to have a…