The total value of real GDP that all sectors of the economy (C + I + G + Xn) are willing to purchase at various price levels A. Aggregate Supply B. Aggregate Demand C. Equilibrium GDP D. Aggregate Purchases

Assume the economy produces cookies and smartphones. The table below presents price (P) and quantity (Q) of both products. (round to the nearest 2 decimal points. show all work) 2019 (base) 2020 2021 Q Q P Cookies $2 700 $3 1000 $4 1100 Smartphones $900 200 $950 220 $1100 300 (a) Find nominal GDP in 2020 (b) Find nominal GDP in 2021 (c) Find real GDP in 2020 (d) Find real GDP in 2021 (e) Did the price level go up or down from 2019 to 2020? Find the inflation rate.

If household spend $105 billion on goods and $95 billion on services. How much in revenues do businesses receive in the product market?

What is included in U.S. aggregate demand? all spending by households and firms in the United States O all spending by the U.S. government. all spending by everyone living in the United States all spending by foreigners in the United States all spending by consumers, firms, the government, and foreigners who buy U.S.- produced goods

Using the table below, how much is contributed to the GDP from the production of the textbook?

In the circular flow of income and spending:(a) Investment results in a decrease in the volume of the income flow;(b) Savings result in an increase in the volume of the income flow;(c) Taxes result in an increase in the volume of the income flow;(d) Imports result in a decrease in the volume of the income flow. choose one

The following are the components of aggregate demand EXCEPT,   A) government spending. B) consumption of households. C) investment by firms. D) household saving.

Describe how different parts of the economy may have experienced shifts and changes in supply and demand. Provide at least 4 examples.

There is significant increase in import prices. What will happen to aggregate demand aggregate supply curves and effects on price levels, output and unemployment

What is the relationship between the price level and the following components of aggregate demand? a. There is (a negative/ no / a positive) relationship between the price level and consumption. b. There is (a negative/no/ a positive) relationship between the price level and investment. c. There is (a negative/no/ a positive) relationship between the price level and government spending. d. There is (a negative/no/ a positive) relationship between the price level and net exports.