Given Change in Economic Real GDP Price Level Factor Depreciation of American dollar (1) (2) Increase in wage rates Decrease (3) Beneficial supply shock Increase Decrease Decrease in government (4) (5) purchases Increase in personal income (6) Decrease taxes Decrease in labor productivity (7) (8) 1. Based on the given economic factor condition, fill in the missing blanks with the corresponding effects to Real GDP and the Price Level. (identify "decrease" or "increase") 2. Explain the graphical representation for any 2 of the conditions listed above (except beneficial supply shock) and be sure to represent the effects to Real GDP and the Price Level based on the changing economic factor. Mike earns $60,000 in Year 1. He receives a raise in Year 2 where he earns $63,000. The CPI in Year 1 is 122 and the CPI in Year 2 is 132. a) What is the inflation rate between the two years? b) The nominal value in Year 2 was $63,000 but what is its real value? c) By what percentage has Mike's salary increased from Year 1 to Year 2? d) Has the increase in salary kept up with inflation, exceeded inflation, or been below inflation? e) Explain your answer in Part (d). Are you happy? Why or why not? 40

Suppose an economy can be represented by the folowing table, in which employment is in millons of workers and GDP and AE are expressed in billions of dollars: Employment 100 Real GDP Aggregate Expenditures 1275 1350 1425 1500 1575 1650 1200 105 1300 1400 1500 1600 1700 110 115 120 125 fut employment is 120 milion workers? What is its what kind of expenditure oap exists size? Suppose government spending, taxes, and net exports ane all independent of the level of rcal GDP. What is the multplier an ths economy? below the econemy's potential, what is the size of the recessionary expenditure qapt

Hlo expert keep in mind Hand written not allowed.

do fast.

The “prime” interest rate is the rate that bankscharge their best customers. Based on the nominalinterest rates and inflation rates in Table 19.10, inwhich of the years would it have been best to be alender? Based on the nominal interest rates and inflationrates in Table 19.10, in which of the years given wouldit have been best to be a borrower?

solve questions e and d

QUESTION 28 In year one, real GDP is $4,500 and in year two real GDP is $4,800. What was the growth rate of real GDP between years one and two? OA. -approximately 7% OB-6, 25% OC 93.75% OD. approximately 15% QUESTION 29 The agency responsible for compiling the National Income Product Accounts for the U.S. economy is the O A. Bureau of Econamic Analysis O B. National Bureau of Cconomic Research OC Bureau of Labor Statistics O D.Council of Economic Advisors QUESTION 30 Which of the following is an example of a final good or service? OA. Paint purchased by Ford, Inc. used to paint their new fleet of Mustangs. OB. Beef bought by a restaurant owner from a wholesale food distributor. OCA brand new economics text book purchased by a PGCC student. O Jet Fuel bought by Northwest Airlines to power its fleet of planes. QUESTION 31 Which of the following is true about real GDP? O A. IL is always equal to nominal GDP O B. IL increases only when price increases OCIL increases only when output…

Typed plz Please provide me a quality solution as you always do reed question carefully than answer take care of plagiarism also

Find- A) if the base year in the year 2012 , the real gdp for 2020 equals $ ______and the real GDP for 2021 equals $______ B) The annual growth rate of real GDP in 2021 is _______ %    Please find both

Billion of Dollars Composition Consumption 17. 4900 Investment 1300 Government expenditures 1200 1050 Exports Imports Net foreign factor income 950 20 Based on table 1, the value of GDP is C 7,400 C 6,200 O 7,500 O 8,450