Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices

Answers

Answer 1

Answer:

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).

Explanation:

The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year.  On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.


Related Questions

Pretend that you are being interviewed. Describe to your potential employer how you have exhibited the soft skills described as a high school student.

Answers

Answer:

I developed my soft skills of communication by talking to my friends often - I offered advice when they needed, constructive criticism when I noticed there were important things they needed to work on (of course, after being asked for feedback), I was able to tell how they feel based on their body language alone and help them out when they needed help.

As a high school student, I also had a lot of opportunities to do public speaking in front of my class which I believe improved my soft skills significantly and made me more confident in myself.

Thanks to various school assignments, I developed and improved my critical thinking which is crucial for any job in the future. I believe I am more independent now and can make sensible decisions on my own and/or as part of a team. Teamwork is important, which is why I worked hard on developing that skill as well.

I am always willing to learn and improve, which I believe is an important skill any employee should have.

Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?​

a. 1 1/2
b. 2
c. 3
d. 10

Answers

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?

Answers

Answer:

see below

Explanation:

Personal selling is popularly known as a face to face selling or direct selling. In personal selling, the salesperson engages a potential customer in a conversation to persuade them to buy. This type of selling requires the physical presence of a salesperson engaging in a one-on-one conversation with the clients. Its success largely depends on the selling skills of the salesperson.

Non-personal selling is the use of advertisements to persuade customers to buy. There is no direct meeting between the seller and buyer; hence the term indirect, impersonal, or non-personal selling. Non-personal selling uses print media, broadcast media, and digital platforms to reach out to customers.

On January 1, 2019, Wasson Company purchased a delivery vehicle costing $45,200. The vehicle has an estimated 7-year life and a $3,900 residual value. What is the vehicle's book value as of December 31, 2020, assuming Wasson uses the straight-line depreciation method

Answers

Answer: $33,400

Explanation:

The annual depreciation using the straight-line method is;

= (Cost - Residual value) / Useful life

= (45,200 - 3,900) / 7

= $5,900

On December 31, 2020, the vehicle would have depreciated by 2 years so the book value would be;

= Cost - Accumulated depreciation

= 45,200 - (5,900 + 5,900)

= $33,400

What are 2 different payments relating to insurance that are used for almost all kinds of insurance?

Answers

Answer:

credit or debit?

Explanation:

The phrase leadership praise followers in public private is really a statement concerning what two important parts of communication?

Answers

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

Here the Encoding means that the sender that is leader, sends the message that is praise in the public, to an effect, that is using certain symbols including actions, words, etc, such that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver that is followers quickly understood the message, that is praise in the public or punishment in the private, in a way that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

URGENT!!!
What are the share of earnings that a business owner pays for the right to be part of a certain business called?

fringe benefits

proprietor’s rights

royalties

special rights fees

Answers

Answer:

royalties

Explanation:

Does CG5 have a second channel or is it just the one?

Answers

Answer:

Just one

Explanation:

Answer:

i will check the channel of CG5

Explanation:

MARK ME AS THE BRAINLIEST

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