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Macroeconomics Questions and Answers (Q&A)

John Adney
Answered: Jan 09, 2017
Nominal GDP = C+ I + G + NX
Real GDP = nominal GDP / CPI for current year

4 Answers

Chris Kenway, Content Writer
Answered: Apr 09, 2019
The correct answer to this question is B, per capita GDP. It is used to compare countries economic output to one another. It compares this by its residents. It divides the economic output by the...Read More

2 Answers

H. callum, Content Writer
Answered: Feb 07, 2019
The correct answer to this question is B. 0.8 pound of Japanese hamburger equals one pound of American hamburger. If the nominal exchange rate between the Japanese yen and the U.S. dollar i...Read More

2 Answers

John Adney
Answered: Aug 31, 2017

Change in price level from base year to current year

2 Answers

W. Mocroft, Philanthropist
Answered: Jan 02, 2019
A closed economy (and there are extremely few) means complete self-sufficiency. A closed economy means there is no trade activity with outside economies, no exports, no imports. The remote...Read More

2 Answers

John Adney
Answered: Mar 13, 2017
Construction test week not aa from guide date from last week

2 Answers

John Adney
Answered: Feb 21, 2017
Produced domestically

2 Answers

H. callum, Content Writer
Answered: Feb 07, 2019
The correct answer to this question is A. Households lie on the supply side of factor markets and the demand side of goods markets. Economic activity in a market economy is based on the fre...Read More

2 Answers

F. Ray, Student
Answered: Dec 05, 2018
If the price of product A drops and the demand curve of product B shifts right, then it can easily be concluded that products A and B are complementary products. When a curve shifts right,...Read More

1 Answer

J. Emmerich, Web Content Writer
Answered: Dec 26, 2018
The most basic proposition of the law of demand is that as the price of a good rises, a lower quantity is demanded, or answer C. This is because the law of demand is part of the supply and demand...Read More

1 Answer

I.Elizabeth
Answered: Feb 02, 2018
Comparative advantage is the ability of an entire group or a specific individual to carry out an economic cavity better and more efficiently than other activities. So basically doctors have a...Read More

1 Answer

W. Kaye, Ex-Marine
Answered: May 02, 2019
D is the answer to this question. You should understand what a marginal benefit is in order to know why D is the answer. This is the benefit that you can get after you have received what you have...Read More

1 Answer

A.Nancy
Answered: Mar 07, 2018
The primary concern of economic studies is with the choices that are made in seeking to use scarce resources in an efficient manner. The focus of economics is primarily on the behavior and the...Read More

1 Answer

John Adney
Answered: May 20, 2017
I dont understand how we can solve it please help me

1 Answer

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