State whether the following statement is true or​ false, and explain why. If the statement is​ false, state the true change.   If the national economy shrank at an annual rate of 4​% per year for four consecutive​ years, then the economy shrank by 16​% over the four​-year period.

If nominal GDP decreased by 3 percent and the GDP deflator increased by 1 percent, then real GDP falls by 4 percent approximately   True False

Suppose that nominal GDP was $8 trillion in 2040 in Bedrock.  In 2050, nominal GDP was $10 trillion in Bedrock.  The price level rose 17.0% between 2040 and 2050, and population growth was 11.0%.Between 2040 and 2050 in Bedrock, nominal GDP growth was    % and economic growth was    %. Give your answers to one decimal place.

A certain country's GDP (total monetary value of all finished goods and services produced in that country) can be approximated by g(t) = 2,000-420e 0.07t billion dollars per year (0 ≤t≤ 5), where t is time in years since January 2010. Find an expression for the total GDP G(t) of sold goods in this country from January 2010 to time t. HINT: [Use the shortcuts.] G(t) = Estimate, to the nearest billion dollars, the country's total GDP from January 2010 through June 2014. (The actual value was 7,321 billion dollars.) Xbillion dollars

Deflation is particularly bad for an economy in recession for all of the following reasons EXCEPT a-with deflation people spend less  expecting prices to be lower in the future b- the rising prices makes goods more expensive c- with deflation the value of assets declines while the value of loans does not - this lowers wealth and further depresses spending

If real GDP grows at an annual rate of 1.19% then we can expect real GDP to double in approximately how many years? Enter a number rounded to two decimal places. ASUS f9 f10 f11 f6 17 f8

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From 2009 to 2019, suppose that GDP increased by 25 percent. Real GDP increased by 15%. The overall level of prices increased by about 10% 20% 15% 5%

Consider a country where the adult population (about 1 million) include skilled and unskilled workers, retirees, and students. There are many firms (domestic-owned and foreign-owned), and trading occurs with a neighboring country. At the end of 2018, the nation's bureau of economic analysis preliminary report stated that the country's 2018 gross domestic product is $12.8 billion. (Question 4 of 5) Consider that at the beginning of 2019, the following additional information was obtained with a note that while these activities occurred in 2018, they were not included in the preliminary report. For each activity, state whether it should be included in the calculation of the country's 2018 GDP, the component of GDP it would affect if included, and whether this activity will increase, decrease, or not change the preliminary value calculated. The juniors at one of the high schools were able to raise $5,000 from cake sales for their prom. This event the reported preliminary value of the…

Consider the national income model:Y = C + I0 + G0 + (X0 − M) … … . . … . (1)C = a + byd, (a > 0,0 < b < 1) … … . (2)Yd = Y − T … … … … … … … … … … … . . . (3)T = T0 + ty … … … … … … … … … … … . . (4)M = M0 + my … … … … … … … … … … . . (5)Where: (T) = taxes, (t) = income tax rateIdentify: 4/ Behavioral equations.5/ Definitional equation.6/ Constants., give the Economic meaning of them.7/ Coefficients. give the Economic meaning of them.