Read Chapter 7 of Macroeconomics: Private and Public Choice. Prior to beginning work on this discussion, Read Chapter 7 of Macroeconomics: Private and Public Choice. Define GDP in your own words. Additionally, address the following: What is measured and, just as importantly, what is not measured? What has GDP been for the latest three quarters here in … Read more
Does a junk dealer contribute to GDP 1. Does a junk dealer contribute to GDP? What about a fine-antique dealer? How? Why? 2. During the most recent recession—the so-called Great Recession—the United States government increased the amount of time an individual was eligible for unemployment benefits from a maximum of 26 weeks to a maximum … Read more
Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP #1 Discuss how changes in the Federal Reserve’s monetary policy affect at least 1 of the 4 components of GDP (consumption, investment, government spending, net exports). Have the Federal Reserve’s countercyclical monetary policies been effective in … Read more
What happened to the GDP in general and the GDP by economic activity on table 1 or table 4 (table 4 is easier) during the pandemic After finishing the first half of the semester, you should be able relate what you have learned so far into the macroeconomic data. So, read the following statements and … Read more
Compare Kenya to the United States on each of the economic variables listed below, for the year 2019 Compare Kenya to the United States on each of the economic variables listed below, for the year 2019 1. GDP and GDP Per Capita: 2. Using the data, you collected for question 1, … Read more