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If Government wishes to increase the level of real GDP it might reduce?
Taxes
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 impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
What change is definitely predicted to lower Real GDP in the short run?
A decrease in aggregate demand, an increase in the reserve requirement, an increase in the discount rate, increase in interest rates, a decrease in government spending.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP?
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
If Government wishes to increase the level of real GDP it might reduce?
Taxes
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 impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
What change is definitely predicted to lower Real GDP in the short run?
A decrease in aggregate demand, an increase in the reserve requirement, an increase in the discount rate, increase in interest rates, a decrease in government spending.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP?
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
When you increase human capital does it increase or decrease productivity?
if employees perform well, the GDP increases
If aggregate expenditures are less than GDP then?
inventories will increase and real GDP will decline.
When can GDP increase at a faster rate than real GDP?
the value of the dollar is stable
What is meant by an 'increase in real GDP by 2 percent '?
GDP = gross domestic product
If your real GDP in 1973 was 4342 Billion in 2000 prices and your real GDP in 2000 was 9817 billion what is the total percentage increase from 1973 to 2000?
126.094% increase.
Is it possible for GDP to increase but the standard of living to decrease?
It is. Think of it this way. If, for sudden reason, Bill Gate moves to Zimbabwe and applies for a Zimbabwe passport, he will increase the GDP of Zimbabwe. However, the standard of living for Zimbabwean may still decrease and still has a high GDP (thanks to Bill Gate's money)
If the us cracked down on illegal immigrants and returned millions of workers to their countries what would happen in the us to a potential GDP b employment and c the real wage rate?
a. U.S. potential GDP. It would decrease a lot. b. U.S. employment- It would increase unemployment. c. The U.S. real wage rate. It would decrease
