In an economy, people like to eat and spend for restaurant foods. This change in behavior causes ______________________ in GDP. Select one: a. Increases b. Stable c. Unchanged d. Decreases
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- Explain which graph shows best how an economy responds in the 'short run' to an increase in consumer confidence. Use the terms price level and real GDP and fewer sentences. LAS, LAS, LAS, SAS, AD ADo ADO GDP GDP LASO SAS, LAS, SASO SAS, SAS, D ADo AD, AD. GDP GDPGive typing answer with explanation and conclusion what is the US GDP for the first quarter and second quarter of 2021? What is the personal consumption expenditures for the first quarter and second quarter of 2021?Question 4 If total spending rises from one year to the next, then which of the following could not be true? b.the economy is producing a larger output of goods and services, and goods and services are selling at lower prices c.the economy is producing a larger output of goods and services, and goods and services are selling at higher prices a.the economy is producing a smaller output of goods and services, and goods and services are selling at higher prices d.the economy is producing a smaller output of goods and services, and goods and services are selling at lower prices
- Potential GDP| ' 45° C+1+(X-IM) 4,800 B 3,200 3,000 4,000 5,000 2. Use the graph above to answer the following questions: a. Calculate the MPC: b. What is the equilibrium value of GDP?_ Real Expenditure (billions of dollars per year)From the information below calculate aggregate demand; Consumption (C) = $200 + 0.6Y Investment (I) = $300 Government (G) = $100 Net Export (NX) = $50 Which one of the following statements about Consumption and Aggregate Demand is CORRECT when the economy achieves equilibrium GDP? a. One is 350 greater than the other b. One comprises the other c. They are valued at $1025 and $1375, respectively d. They are valued at $1375 and $1025, respectively e. They are both the samewhich of the following probably occurred as the U.S. economy experienced increasing real GDP in 1954? Check all that apply A. Consumer spending increased B. Industrial production declined C. Retail sales increased C. Home sales declined
- 3. Categories of expenditures Darnell and Eleanor Cohen live in Conshohocken, PA. Their son, Jacques, owns his own plumbing business. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply. Transaction Darnell buys a sweater made in Guatemala. Darnell's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. Eleanor gets a new video camera made in the United States. The Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. Jacques buys a new set of tools to use in his plumbing business. с □ I □ G □ X □ M □ □I need examples for the determinants of the consumption element of Aggregate Demand. (Examples are crucial please that’s all I need!) a. Consumption spending b. Disposable income c. WealthCAN YOU DRAW GRAPH FOR INVESTMENT, CONSUMPTION AND AGGREGATE DEMAND
- which one of the following is not a component of aggregate demand in the economy? A. consumption spending by households B. investment spending by firms C. Spending on our exports by foreigners. D. The productivity of the factors of production E. government spendingSuppose that an economy consists of only two individuals. Trevor has $1150 available to spend on goods. He decides to purchase $210 worth of produce from Juanita in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income? $ For the current quarter, what is the economy's expenditure? In an economy, how are income and expenditure related? Income is greater than expenditure. O Income is less than expenditure. They are unrelated. O They are equal.4) economy is in a recession and decrease(s) when the U.S. economy is expanding. A) Consumer spending B) Planned investment C) Net exports D) Unplanned investment usually increase(s) when the U.S.
