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it decreases also
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What happens to the equilibrium price levels and real GDP when aggregate demand decreases and aggregate supply increases?
dsfdsfs
What happens when GDP decreases?
theres less money
What is the formula of calculating increase in real GDP?
Nominal GDP/CPI*100 answer will be in $ amount
Umeployement increase when real GDP increases or real GDP decreases or output increases?
Unemployment causes GDP to decrease. GDP means gross domestic product. If there are no employees to create a product, the GDP goes down.
What will happen to the equilibrium price level and the real GDP if the aggregate demand decreases and aggregate supply decreases?
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
What happens to the equilibrium price levels and real GDP when aggregate demand decreases and aggregate supply increases?
dsfdsfs
What happens when GDP decreases?
theres less money
What is the formula of calculating increase in real GDP?
Nominal GDP/CPI*100 answer will be in $ amount
Umeployement increase when real GDP increases or real GDP decreases or output increases?
Unemployment causes GDP to decrease. GDP means gross domestic product. If there are no employees to create a product, the GDP goes down.
What will happen to the equilibrium price level and the real GDP if the aggregate demand decreases and aggregate supply decreases?
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
What two variables need to be considered to calculate GDP per capita?
We devide GDP on population to have GDP/Population.For population economists use CPI as proxy.We devide the variable on CPI to eliminate the population differences of the countries
Why does the GDP deflator give a different rate of inflation than does the CPI?
The GDP Deflator uses the GDP calculation to work out inflation while CPI uses a basket of goods that are compared over time to work out the increase in prices
What is the difference between the CPI and the GNP?
The CPI measures changes in prices over time while the GDP measures changes in production.
If aggregate demand rises what happens to real GDP what happens to the price level?
Inflation.
What are three major price indices?
CPI, PPI and Implicit GDP price deflator :)
How is debt-to-GDP ratio calculated?
(primary balance/GDP)*100 .GDP decreases. Debt increases.
What will happen to the equilibrium price level and the real GDP if the aggregate demand increases and aggregate supply decreases?
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
