Suppose the fictional country of Lowl is facing an increase in the proportion of younger workers in the labor force due to a baby boom that began 16 years ago. Most likely Lowl's natural rate of unemployment will in the future. The following graph shows Lowl's potential real GDP (the tan line) and actual real GDP (the blue line) from 1990 to 2010. On the graph, use the grey star to highlight the area between the potential and actual GDP lines corresponding to the period when Lowl experienced economic expansion.

The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions.                   2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05   Calculate % change for City A’s total spending from 2010 to 2020 in current dollars. *Results round to the nearest 2 decimal places.  Calculate % change for City A’s total spending from 2010 to 2020 in constant dollars. *Results round to the nearest 2 decimal places.  Why does % change calculated from constant dollars differ from % change calculated from current dollar? Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar.  2010 per capita spending: 2020 per capita spending: Calculate the compound annual growth rate of per capita spending from 2010 to 2020…

indicators of change in economic activity that move concurrently with business activity is called?

cmillan Learning Consider the table of GDP and population for several imaginary countries. $ Country Wrigleyville Longhornland Dinkytown $ Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. 20.6 Incorrect GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 145.0 125 221.00 128.7 559.0 2913 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place. Incorrect 1.900

Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP (Base year 2019, dollars) GDP Deflator Year (Dollars) 2019 2020 2021

GDP is very widely used throughout the world as a measure of Economic health. Come up with your own example, either real or a scenario, that shows a flaw with using GDP as the only indicator of the well being of a society.

Analysis of the Data The following data is taken from The Economic Report to the President 2018. It comes out once a year in April (I think). You should take a look at one just for kicks. Here are the data:   2007 2017   GDP (Y) $14.47 trill $19.38 trill C $9.75 trill $13.39 trill I $2.60 tril $3.19 trill     Given the data in the table above, what is the rate of economic growth for the U.S. economy from 2007 to 2017?             Is the rate of growth in consumption and investment spending similar to the rate of growth for the overall economic system from 2007 to 2017? Provide mathematical proof.                   The GDP for China was $12.14 trill. in 2017; $13.61trill in 2018; and $14.14 trill in 2019. World experts have noted that the rate of growth for China has slowed. Calculate the rates of growth for each of the two years. Are the experts correct? Why?                   According to the International Organization of Motor Vehicle Manufacturing (IOMVM), South…

Potential GDP 1,000 AE, AE, 800 700 600 ΔΑΕ. 400 200 ΔΥ 45° 200 400 600 700 800 1,000 Real GDP (billions of constant dollars) Aggregate Expenditure (dollars)

Complete the following table by filling in the missing cells. Real GDP Nominal GDP Year (In 2000 dollars) (In current dollars) GDP Deflator (Base year 2000) 1970 3,000 1,200 1980 5,000 60 1990 7,000 6,000 100 2000 9000 8,000 2010 15,000 200 2020 10,000 300 2030 20,000 50,000

Draw and label a graph for aggregate economic activity over time, including all of the parts of the business cycle.