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Category: Macroeconomics
Explain why comparing the GDPs of various nations might not tell you which nations are better off.
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Category: Macroeconomics
Which of the following are counted in this year’s GDP? Explain your answer in each case. a. Flashy Car Company sold a used car. b. Juanita Jones cooked meals for her family. c. IBM paid interest on its bonds. d. José Suarez purchased 100 shares of Microsoft stock. e. Bob Smith received a welfare payment. f. Carriage Realty earned a brokerage commis...
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Category: Macroeconomics
Suppose U.S. nominal GDP increases from one year to the next year. Can you conclude that these figures present a misleading measure of economic growth? What alternative method would provide a more accurate measure of the rate of growth?
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Category: Macroeconomics
Explain how net exports affect the U.S. economy. Describe both positive and negative impacts on GDP. Why do national income accountants use net exports to compute GDP, rather than simply adding exports to the other expenditure components of GDP?
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Category: Macroeconomics
Explain why the government spending ( G ) component of GDP falls short of actual government expenditures
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