Questio When is a country said to move into a recession? a) If actual output falls below the potential level of output. b) If actual output falls below the trend level of output. c) If actual output falls. d) If actual output falls for two consecutive quarters of a year.
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- Which country or countries are forecasted to avoid a recession in the upcoming year? C & D Only B & C Only CWhich country or countries are forecasted to avoid a recession in the upcoming year? Which country or countries are forecasted to avoid a recession in the upcoming year? ●C & D ● Only C Only B & D AV NEX'S Country Recent Q+1 A B C D Q+2 Q+3 Q+4 Quarter Real GDP Real GDP Real GDP Real GDP Real GDP Forecast Forecast Forecast Forecast 21 47 36 26 19 50 38 22 18 55 41 25 20 53 47 23 22 50 52 24Consider the following time series representing % deviations from trend for Investment (black) and GDP (blue): 15 10 GDP -10 Investment -15 1940 1950 1960 1970 1980 1990 2000 2010 2020 Year Investment is... O Countercyclical and more volatile than GDP O Procyclical and more volatile than GDP O Procyclical and less volatile than GDP O Countercyclical and less volatile than GDP Percentage Deviation From Trend 5.Without looking at Table 19.7, return to Figure 19.10. If we define a recession as a significant decline in national output, can you identify any post-1960 recessions in addition to the 20082009 recession? (This requires a judgment call.)
- QUESTION 15 The production and prices in a country in two subsequent years are described by the following table Year 1 Year 2 Good Оиаntity Price Оuantity Price Apples Oranges 60 $1.00 55 X 40 $1.00 45 y Where x is $1.53 and y is $1.53. What is the nominal GDP growth rate in percent terms? (Submit your answer with up to two decimals, i.e., -10.22 for -10.22% and 11.44 for 11.442%.)Answer the question based on the following price and output data over a five-year period for an economy that produces only one good. Assume that year 2 is the base year. Year Units of Output Price Per Unit $2 ITT 1 8. 2 10 3 3 15 4 4 18 20 6 a) If year 2 is the base year, then the percentage increase in real GDP from year 2 to year 4 is: percent. b) If prices increased, we need to adjust nominal GDP values to give us a measure of GDP for various years in constant-dollar terms. We refer to that adjustment as: ( Inflating ; Deflating; Compounding GDP ; Indexing ) GDP. <-- Circle a correct answer! c) If the Consumer Price Index rises from 300 to 333 in a particular year, the rate of inflation in that year is: percent. d) Amy sells $100 worth of cotton to Bob. Bob turns the cotton into cloth, which he sells to Camille for $300. Camille uses the cloth to make prom dresses that she sells to Donita for $700. Donita sells the dresses for $1,200 to kids attending the prom. The total…QUESTION 40 B LRAS XXI AD 10 20 30 40 50 real GDP = Q 60 50 40 30 20 10 P level A LRAS -AS- real GDP = Q AD 10 20 30 40 50 40. Which of the figures above illustrates the problem of recessionary gap? O a) Figure A b) Figure B c) Figure C 60 50 40 30 20 10 P level AS 60 50 40 30 20 10 P level C LRAS -AS real GDP = Q AD 10 20 30 40 50
- Q-1. when is a country said to move into a recession? Select one: a. If actual output falls below the trend level of output b If actual output falls below the potential level of output c. If actual output falls for two consecutive quarters of a year d If actual output falls Q-2. The equation for GDP using the expenditure approach is Select one: a. GDP=C+I+G +( IM-EX). b. GDP=C+I+G-EX-IM c. GDP=C+I+G+ (EX-IM) d. GDP=C+I+G + EX +IM. just give answerneed 100 percent perfect answer asap.Malaysia GDP to rebound up to 7.5% in 2021, central bank predicts The Malaysian economy is expected to grow between 6% and 7.5% this year, the central bank said on Wednesday, with COVID-19 vaccinations and stronger external demand driving a recovery from the 5.6% contraction for 2020. Central bank Governor Nor Shamsiah Yunus said growth this year would also be underpinned by higher private and public expenditures, while an accelerating immunization campaign will improve confidence. "The Malaysian economy is projected to rebound in 2021, with the gross domestic product achieving pre-COVID-19 levels by mid-2021,". The new full-year estimate leaves slightly more room at the low end, compared with a previous forecast of 6.5% to 7.5% expansion. "In our forecast, we assume that herd immunity will only be achieved in the first quarter of 2022," Nor Shamsiah explained. She also said the bank considered that Malaysia's international borders could remain largely closed for the entire year, but…Need help with macroeconomic review questions! 1) How does the following transaction affect Canada’s GDP? Unless otherwiseindicated, assume that each of the subsequently mentioned people resides in Canada. (j) James Bond purchases a martini, shaken not stirred, for $12, in Calgary. 2) Consider a country with no government and no international trade. The country’seconomy has fixed prices and interest rates. Let C = 300 and I = 150 + 0.75Y . Whatis this country’s GDP? Show your work. 3) Consider a country with no international trade. The country’s economy has fixedprices and interest rates. Let C = 300 + 0.2Y , I = 250, and G = 0.5C. What is thiscountry’s GDP?
- In the first quarter of 2020, US real GDP declined about 9%, due to the economics shocks from the Covid 19 virus. If prices were completely flexible, and this means all prices, both inputs (such as labor), as well as output prices, what would you think would have been the drop in GDP? If prices are completely fixed, would the drop in GDP be greater or less than the flexible case? Why? If the Expenditure method of accounting for GDP, has to equal the Income Side, and the economy overproduces a particular item, say automobiles, the income side will also be higher, workers will buy the extra cars with extra income and the economy can gyrate indefinitely higher? Why or why not?1. How many recessions did the US economy experience between 1929 and 2020? What were the four longest recessions between 1929 and 2019, not including the COVID-19 recession? What were the three deepest recessions between 1929 and 2019? That is, during which three recessions was the decline in real GDP biggest from peak to through? How long did the COVID-19 recession last?13. Assume that we compute current dollar GDP for 2021Q2 and find that it rose 2% from 2020Q2. But we also find that general prices rose over the same period by the same amount, 2%. Is the country better off, worse off, or about the same when it comes to output? Explain.