Savings and wealth - Although the United States is one of the richest nations in the world, it is also one of the world's largest debtor nation. We often hear that the problem is our low savings rate. Suppose policy makers attempt to rectify this be encouraging greater savings in the economy. What could they do to make you save more? Would raising minimum wage help? What effects would their successful attempts have on GDP? Is this a good or bad idea? What can you do to increase your savings rate? Also, how is wealth related to savings?

China's economy to grow 8% annually from 2006 to 2010 The Chinese economy is expected to grow at a rate of 8 percent a year between 2006 and 2010. China's goal is to quadruple its GDP. By the end of 2010, China's GDP will be equal to US $2.3 trillion or US $1,700 per person (2005 dollars) and by 2020, China's GDP will be equal to US $4.7 trillion, or US $3,200 per person. What is the population growth rate assumed in the calculations of GDP per person from 2010 to 2020? The population growth rate over the ten year period from 2010 to 2020 is Source: China Daily, March 21, 2005 percent. O A. 19.25 В. 16.1 O C. 0.015 D. 88.2 Click to select your answer. MacBook Air DII 20 000 000 F11 F12 F9 F10 F6 F7 F8 esc F3 F4 F5 F1 F2 & ! @ 2$ %3D delete 4 5 6. 7 8 1 2 { P T Y Q W tab G H J K A S D F caps lock 7 N M V X ~の B # 3

If U.S. government statistics counted education spending as part of the investment, which of the following would rise, which would fall, and which would remain unchanged? You might use rise, fall, and stay unchanged more than once each or you might not. Consumption Investment Gross domestic product

The Wakandan GDP for the year 2040 was $87,000. Government expenditures were $29,000 and investment was $6,000. They exported $15,000 worth of vibranium and imported $14,000 worth of coffee beans. If these are the only relevant transactions, what is the value of government spending? Round to two decimal places. Do not enter the currency symbol, but enter the negative sign if appropriate. If your answer is -$1.125, enter -1.13. 29,000

According to economists, the process of optimal decision making by consumers typically yields total benefits well above the amount paid for the goods. These market-created benefits are referred to as ▼, and using the graph to the right, are represented by area Suppose now that the market price falls. According to the graph, the excess of total benefits over the total amount spent by consumers will ▼ decrease increase not change PM B Quantity (Q) Q

Core chapter 1.2 will help with this question. Do not include the dollar sign in your answer. Fruitland has a very simple economy: it produces just apples and oranges. It has no imports and exports Apples Oranges 100 Quantity in year 1 Price in year 1 Quantity in year 2 Price in year 2 50 $1.00 $0.80 80 120 $1.25 $1.60 Using the table above, what was Fruitland's nominal GDP in year 1? Answer:

The following table contains data for a hypothetical closed economy that uses the dollar as its currency.  Suppose GDP in this country is $1,800 million. Enter the amount for government purchases.

Refer to the table below for a very simple economy producing three goods: movies, pizzas and cars. Steel panels are needed for car production, cheese is necessary for making pizzas and CGI service is used for movie production.   What is the nominal GDP for the economy in 2021? What was the nominal GDP in 2016? What is the real GDP in 2021 using 2016 prices as base year prices? What is the real GDP growth rate between 2016 and 2021?

Evaluate the following statement: Even if the prices of a large number of goods and services in the economy increase dramatically, the real GDP for the economy can still fall.

If you read in the newspaper that the United States’ 2015 real GDP declined while nominal GDP for 2015 grew, how could you explain this?