Macroeconomics Questions

Refer to Table 9-2. Assume the market basket for the consumer price index has two products—bread andmilk—with the following values in 2013 and 2018 for price and quantity: The Consumer Price Index for 2018 equals

Refer to Table 8-14. Consider the following data on nominal GDP and real GDP (values are in billions of dollars):The GDP deflator for 2018 equals

Refer to Table 8-5. The value of each automobile in gross domestic product equals

To examine how the total production of an economy has changed over time, it would be better to examine

Suppose the working-age population of a fictional economy falls into the following categories: 90 are retired orhomemakers; 60 have full-time employment; 20 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 would like employment but do not have employment and are not actively looking for employment. The official unemployment rate as calculated by the U.S. Bureau of Labor would equal

Refer to Table 8-3. Consider the data above (in billions of dollars) for an economy: Gross domestic product (in billions of dollars) for this economy equals)

Refer to Figure 7-2. The tariff revenue collected by the government equals

If you have trouble finding a job because of a slowdown in the overall economy, we would say that you are

Which of the following labor market statistics best indicates the amount of labor that is available to the economyfrom a given working-age population?

Refer to 8-11. Real GDp for Tyrovia for 2018 using 2009 as the base year equals

If the number employed is 190 million, the working-age population is 230 million, and the number unemployed is 10 million, then the unemployment rate is

A sharp increase in the number of medical errors increases the number of lawyers hired to determine medicalmalpractice settlements. This will

Rob Crusoe and Bill Friday spent their week-long vacation on a desert island where they had to find and prepare their own food. Rob and Bill spent one day each fishing and picking berries. The table lists the pounds of outputRob and Bill produced. Refer to Table 7-1. Use the table above to select the statement that accurately interprets the data in the table.

Refer to figure 7-2. With the tariff in place, the United States consumes

A voluntary export restraint is an agreement negotiated by two countries that places ________ that can beimported by one country from another country.

Macroeconomics, as opposed to microeconomics, includes the study of what determines the

The GDP deflator in year 2 is 105, using year 1 as the base year. This means that, on average, the cost of goods and services is

Refer to Table 8-12. Consider the following data on nominal GDP and real GDP (values are in billions of dollars):The base year used in calculating real GDP is

Refer to Table 8-5. The value added by the automobile dealer equals

Suppose in 2018, you purchase a house built in 2003. Which of the following would be included in the grossdomestic product for 2018?