Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
1
1.At the beginning of a year, decision makers expect the general level of prices to increase at a 3 percent annual rate. The CPI increases from 150 to 154.5 during the year, this is an example of a. an inflation rate that is equal to 4.5 percent. b. an unanticipated increase in the general level of prices. c. an increase in the general level of prices that was accurately anticipated, d, an inflation rate that is less than what people anticipated.
2.Which of the following would be included in the government consumption and investment component of GDP? a. the export of 100 fighter jets to Japan b. construction costs of a new public school building c. food stamps used by the Smith family d. a $1,000 check issued by the federal government as part of the Pell Grant program to help college students pay for school
Expert Solution
1.
The answer is option C,
Because the rise in inflation is 5% which is same as anticipated.
10 of 200 is 5%
2.
Answer is Option B.
Gross Domestic Product (GDP) is the total money value of all final goods and services produced within the geographical boundaries of a country during a given period of time. the income produced and recieved by nationals of a country within the boundaries of foreign countries should be added in Gross domestic product(GDP). Similarly, income recieved from foreign nationals within the boundary of the country should be excluded from GDP.
Mainly, GDP has 4 components. Which are; Consumption (C), Investment (I), Govt. Spending (G) and Net Export (X-M)
Here, the first option includes in Net Export.
Second option is includes in Govt. Spending
Third option includes in Consumption and
the final option is like a subsidy and when we calculate GDP at factor cost, we subtract subsidies.
Finally, we can conclude that Option B is the one which includes in the Government consumption and investment component of GDP.
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
