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Six problems I’m facing in Macroeconomics.Why does the economy face problems adjusting to demand shocksa. it doesn’t invest enough b. oil prices are rising c. depreciationd. sticky pricesWhich of these would not be included when calculating GDP using the expenditure approach a. government spending b. corporate profitsc. investmentd. consumption Production in Belgium does not increase, but prices do. Therefore Belgium’s a. nominal GDP will not grow but real GDP will b. nominal GDP will not grow at all c. nominal GDP and real GDP will both grow d. nominal GDP will grow but real GDP will not Human Capital refers toa. technology created by workers b. the workers c. machinery designed to easy use by workers d. the skills of workers e. all of the aboveAn economy that wants more growth should a. institute price ceilings and floorsb. consume morec. restrict importsd. Save and invest more Which of these will be included in US GDP for 2012a. a car produced in the US in 2011 and sold in Japan in 2012 b. a car produced in the US in 2011 and sold in the US in 2012 c. a car produced in the US in 2012 and sold in Japan in 2013
Why does the economy face problems adjusting to demand shocks?a. it doesn’t invest enoughb. oil prices are risingc. depreciationd. sticky prices Which of these would not be included when…
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