Main purpose of macroeconmics   a. Expand the trade surplus. b. Move the economy toward potential GDP. c. Continue to increase GDP growth. d. Balance the federal budget

Calculate revenue expenditure if revenue deficit is $16000 and revenue deficit is $8000

Assume GDP is currently $10,850 billion per year and the quantity of money is $833 billion. The nation collectively holds enough money to finance how many days worth of GDP expenditure?

Only typed answer and please don't use chatgpt  Suppose one economist believes the target rate of unemployment is 4 percent while another believes it is 4.9 percent. Using Okun’s rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $9 trillion economy?

A circular flow diagram: A. is shows the link between government spending and investment B. it shows how government and firms are connected through factor and government markets C. show how firms and households are connected through product and factor markets D. it shows foreign exchange markets

How can an economy experience economic growth with no inflation?   An economy can experience economic growth with no inflation if _______.     A. it does not engage in international trade   B. the government has a balanced budget   C. aggregate demand increases at the same pace as potential GDP   D. aggregate demand increases at a faster rate than potential GDP

Calculate total expenditure if total receipts is $3300 and fiscal deficit is $3000

The government reduces the tax burden (or tax rate), how the real GDP change a. if it is a closed economy b. if it is a small open economy c. if it is a large economy

macroeconomics- keynesian math and graphs