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Economics Questions and Answers (Q&A)

What would an increase in the price of oil from overseas as well as within the U.S. lead to?
John Smith
Answered: Apr 26, 2024
An increase in prices and a decrease in output-oil is an important resource used in the production of many goods and the distribution many goods. higher oil prices would lead to a decrease in sras,...Read More

1 Answer

237 views
Why do interest payments appear in the balance of payments?
John Smith
Answered: Apr 26, 2024
The balance of payments is an annual account of what occurs. you are assuming thatthe annual interest income is based solely on capital account investments thatoccurred in the given year, but this...Read More

1 Answer

233 views
Can you give some examples of current and capital account transactions?
John Smith
Answered: Apr 26, 2024
The Canada and canadians referred to is the collective canada. in other words, its everyone in the country including the government. Here are a few examples of how transactions might be...Read More

1 Answer

232 views
Is the current FCC just creating a base for political propoganda by letting companies control the media?
F. Ray, Student
Answered: Jul 09, 2018
It seems that the FCC may have its own reasons for allowing companies to take control of the media. The FCC has stated that their main reason for allowing companies is to help companies grow as...Read More

2 Answers

231 views
What is the difference between current account vs, capital account shortages/surpluses?
John Smith
Answered: Apr 26, 2024
The current account measures the flow of money into the country from the sale of goods and services versus the flow of money out of the country from the purchase of goods and services. If canada...Read More

1 Answer

231 views
Can you please explain?
John Smith
Answered: Apr 26, 2024
The concept is known as the law of diminishing returns. microeconomic theoryshows that when increasing amounts of a variable factor of production are applied to afixed factor of production, at some...Read More

1 Answer

231 views
Do some methods of calculating GDP lead to the possibility ofdouble counting production?
John Smith
Answered: Apr 26, 2024
Double counting is excluded from gdp calculations. if i sold a computer for $100 andmy cost of goods sold (cogs) and other expenses reduce my revenue to a netincome of $50, gdp would count the $50...Read More

1 Answer

231 views
How do you adjust GDP to calculate gnp?
John Smith
Answered: Apr 26, 2024
Consider that gnp represents economic activity by canadian nationals. that meansanything earned or produced by a canadian, no matter where he or she may be, mustbe included.gdp counts all production...Read More

1 Answer

230 views
Why does the business cycle diagram in the text look like the diagram is missing labels or look like some of the events are out of order?
John Smith
Answered: Apr 26, 2024
Not all parts of the figure are labeled because the figure would become too crowded. Each label points to a specific shape of the figure. Various parts of the line have been labeled to identify...Read More

1 Answer

228 views
Can you provide more details regarding the phillips curve and the sacrofics ratio?
John Smith
Answered: Apr 26, 2024
The phillips curve suggests an inverse relationship between unemployment and inflation. When unemployment is high, inflation tends to be low. When unemployment is low, inflation tends to be...Read More

1 Answer

227 views
Can you give an example of the difference between nominal GDP and real GDP?
John Smith
Answered: Apr 26, 2024
Here is an example of nominal vs. real calculations. Year one will be the base year. In year one, the economy produces and sells 100 units of apples at $1.5 per unit. The economy produces 200...Read More

1 Answer

224 views
Can you please distinguish between the nominal and real interpenetrate?
John Smith
Answered: Apr 26, 2024
If you lend me $100 and i offer to pay you a return of 7% at the end of one year, youllbe left with $107. in this case the nominal rate of interest i paid you was 7%.however, lets assume over the...Read More

1 Answer

224 views
Why would it be to the borrowers benefit to pay back a loanduring an inflationary period?
John Smith
Answered: Apr 26, 2024
Assume i lend you money and i require that you pay me interest in the amount of $100. So instead of spending your $100 on a basket of goods, you have to hand the money over to me. Inflation...Read More

1 Answer

224 views
Can you expand on the subject of capital stock and the savingsrate as a means of increasing production?
John Smith
Answered: Apr 26, 2024
Capital stock in economic terms refers to investments in equipment, buildings andother physical goods used for production. capital per worker is a measure of howmuch capital is available per worker....Read More

1 Answer

222 views
What exactly is the real exchange rate?
John Smith
Answered: Apr 26, 2024
First, you need to understand that the real exchange rate can be thought of as the price of one countrys basket of goods relative to another countrys basket of goods at a particular point in...Read More

1 Answer

221 views

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