What are some example possible reasons for a decline in the level of potential GDP?

Q: What can you infer from the 2018 Global Cities Index and the 2018 Global Cities Outlook?

A: 2018 Global Cities Index  The Global Cities Index assesses cities' global engagement in five areas:…

Q: Toward the end of the podcast they talk about how GDP has become a measure of quality of life, and…

A: GDP per capita talks about standard of living but how this income is distributed is silent . It is…

Q: How will you identify the factors affecting long-term level and growth of national income?

A: National income refers to the value of the production of goods and services in an economy during a…

Q: In reference to the Philippines what can we predict for the next year of its economy?

A: The system a society uses to produce, distribute, and consume products and services is referred to…

Q: the short-run effect of the shift in the reaction function on GDP?

A: The reaction-function of the central-bank is the function showing how the central-bank changes the…

Q: Use the following graph to answer the next two questions. 350 300- 250 200 150 100 Real GDP 50 0 0…

A: Production function shows how the real GDP depends on variable factors like capital. Production…

Q: What are the effects of global economy? Factors affecting global economy

A: The "global economy" is described as a term in which worldwide economic activities are…

Q: What do you understand by an economic cycle?

A: An economic cycle is nothing but the fluctuations in the economy.

Q: What do you call the Circular flow of goods and income of households and firms with the government…

A: The Circular Flow of goods and income of households and firms with the government and foreign…

Q: Which would one use if you wanted to understand why income changes in a country?   A. development…

A: Cobb Douglas production function: Y = AKα L1-α. Where Y is output (or income) A is total factor…

Q: Why do we subtract import spending from total expenditures while calculating the GDP?

A: Imports are the goods and services that are bought from the rest of the countries to our country.…

Q: What are inflationary and recessionary gaps in the economy? How do they impact the economy?

A: Deflation is defined as a drop in the overall price level of all products and services in a specific…

Q: Describe how Research and Development (R&D) can boost the economy ?

A: Research and development (R&D) includes the activities which the companies tend to undertake in…

Q: If GDP is $20 trillion, how many years will it take for GDP to increase to $160 trillion if annual…

A: GDP measures the value of goods and services that are produced within the economy in a given year.…

Q: what makes the USA GDP up?

A: Gross Domestic Product (GDP) is a comprehensive metric that encapsulates the economic vitality of a…

Q: During which of the following situations is the percentage change in real GDP always positive? Multe…

A: In an economy, business cycle phases give specfiic information about the real GDP whether it is…

Q: Are nations with large underground economies likely to be happier or unhappier than one would…

A: Underground Economies are defined as economies that are parallel or shadow economies which include…

Q: Why is GDP per capita is not the same as Economic well-being?

A: "GDP is the market value of all the final goods and services produced in an economy at a given…

Q: Recessions hit parts of the economy differently.   What part of the economy is usually hurt the…

A: Introduction A recession is a substantial slowdown or decline in economic activity. Generally, a…

Q: Country A produces GDP according to the following equation: GDP = 5√K. The country has a savings…

A: The measure that depicts the final value of goods and services produced in an economy during a…

Q: Why might per capita GDP be only an imperfect measure of a country's standard of living?

A: The main components or indicators of the GDP in an economy are the consumption, investment and…

Q: If the GDP increases what is expected to happen. to the interest rate? Please answer uniquely in 500…

A: GDP is an important economic factor that measures the development of economic productivity,…

Q: Define Economic events.

A: Economic events are those that can be measured in monetary terms.

Q: Why does GDP depend on productivity in the long run?

A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…

Q: How does inflation affect GDP?

A: GDP (gross domestic product) is vital as it provides data about the magnitude of the budget and how…

Q: Nondurable Goods are:     A. Goods that don't last   B. Goods that last a few years   C. Goods…

A: In economics, based on durability goods are divided into durable goods and non-durable goods…

Q: What is the contribution of banana leaves plate or biodegradable plates to the economy?Explain.

A: Banana Leaf Technology, for example, is working to address this stark reality by suggesting banana…

Q: Use the information in the table to answer the following questions. All numbers are in billions of…

A: The objective of the question is to find the equilibrium level of GDP, the Marginal Propensity to…

Q: Explain why a policy mix would result in growth in GDP.

A: Fiscal policy involves the use of government expenditures and taxes to manipulate the economy.…

Q: a technological advancement in sector “ X” of the economy affect the number of people who work in…

A: Technology advancement create various changes in the labour force. Sometimes it create more job…

Q: How does GDP affect the economic development of Haiti (or similiar LDCs)?

A: Answer - Need to find- How does GDP affect the economic development of Haiti (or similiar LDCs)…