The economy GDP in the short-run depends on_ A) quantity of resources. B)) total spending. C) new technology and product
Posted: Wed Jul 06, 2022 6:19 pm
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Assume an economy produces just cars and computers; use the information in the table below to answer the following questions about the GDP. Assume year 2014 as the base-year. Year 2014 2015 Quantity 100 110 Cars OB) $2,000,000; $2,200,000; 10% OC) $2,000,000; $5,850,000; 15% Price $10,000 $12,000 D) $1,000,000; $2,000,000; 8% Computers Refer to the table above. The Real GDP in year 2014 in the base year prices was_ while the Real GDP in 2015 in the base-year was 2015 was percent: A) $3,300,000; $6,300,000; 13% Quantity 1,000 1,100 T Price $1,000 $900 the rate of economic growth in year
The unemployment rate is derived from data on: A) the number of persons in the labor force and the labor force participation rate. OB) the size of the labor force and the number of unemployed persons. C) the number of unemployed persons and the number of discouraged workers. D) the size of both the labor force and the population.