This exercise deals with the difference between nominal and real GDP, and also explores the characteristics of the components of GDP over time.
Instructions- Go to BEA.gov and in the U.S. Economic Accounts find Table 1.1.5 (nominal GDP) and Table 1.1.6 (real GDP) and download them for the period 1960 to the latest available year in annual frequency (yearly).
In Excel plot line 1 of both tables within a single graph. Where do they cross? Explain what is the relationship between real and nominal GDP before and after the crossing point? Why? (25 points)
In Excel, using the formula "=ln( )" take the natural log of real GDP (line 1) and plot the change in GDP from one year to the next measured by ln(GDP(t)) - ln(GDP(t-1)). (If you multiply by 100, it will be a Belpercentage.) (25 points)
In Excel using nominal GDP (table 1.1.5) calculate and plot the GDP shares of Consumption (line 2), Investment (line 7), Government (line 22), and Net Exports (line 15). For example, the consumption share is C/Y or line 2 / line 1. (25 points)
Explain the relationship between national saving and net exports. (25 points)
(The chart is posted under Principal Federal Economic Indicators-GDP-Interactive data on bea.gov home page)

Answers

Answer 1

In a closed economy, the connection between national saving and net exports is that they are equal.

To put it another way, in a closed economy, net exports and total investment, including savings, must equal total investment. This means that a rise in national saving causes a rise in the amount of money that is available for loans, which lowers interest rates and encourages investment. As investment rises, demand for products and services rises as well, which boosts net exports. In contrast, a decline in national saving lowers the amount of loanable money available, raises interest rates, and discourages investment, all of which diminish demand for goods and services and lower net exports.

To know more about closed economy :
https://brainly.com/question/29619641

#SPJ4


Related Questions

Pete and Shirley are filing a joint return. They have two dependent children. What is the total amount of their exemptions for tax year 2019? A. $0 B. $4,200 C. $8,400 D. $16,800

Answers

Answer:

A. $0

Explanation:

The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.

If the country wants to move from its current point and produce 10 more tons of food, it must produce...

O 5 more tons of clothing

O 5 fewer tons of clothing

10 more tons of clothing

O 10 fewer tons of clothing

Answers

5 fewer tons of clothing

Workplace diversity describes differences among workers in any of the following areas:
salary
office space
religion
race
Select all that apply.

Answers

Answer:salary

All

Explanation:

DO you like Anne with an E?​

Answers

Answer:

meh

Explanation:

it's okay. I kind of don't like how they stayed from the book but all the scenes were shot beautifully, and the actors did great. I only watched a few so I cant give more than a "meh" but I do like what I'm seeing so far

Place the steps for proper lifting technique in the correct order. --Select-- --Select-- --Select- --Select-- --Select- --Select-​

Answers

Answer:hold up

Explanation:

A. Identify a profession b. In not more than 60 words, describe the "art" and "science" of such profession in (a).

Answers

Answer:

Comedy as a Profession is a great example.

Explanation:

The science of it is related to the psychology of what makes people laugh.

If studied, one would realize that there are certain things that are bound to make people laugh (all things being equal). An example is when a person makes fun of themself to an audience.

To explain this, scientists have stated that it is inherent in humans to laugh at the misfortune of others. However, this is just a theory and does not explain why we laugh at other kinds of comedy.

A plausible explanation (which is more recent in the parlance of psychology) is that people also laugh when certain expectations are defied in a very witty manner.

As a professional stand-up comedian, knowing all the rules and tricks is just one part of the coin. Being able to, either by practice or repeated efforts during practice, internalize these principles, practice them and effectively use them is the artistic part of the picture.

There those who are gifted naturally with a principle thought process that elicits laughter from others, would be termed hilarious. However, to make a living out of comedy, one would need to fully understand the principles and practice to deliver them as naturally as possible.

Another paradigm to the art of comedy is that, it has to be very witty. Wit many times may come with an element of suprise... a new angle that was previously "unthought" of.

Cheers!

Which of the following list of factors of production would be considered land?

O Factories, assembly lines, buildings

O Farms, tractors, pesticides

O Iron ore, natural gas, water

O Dams, bridges, oil wells

Answers

Most likely answer is option 1

2) On the basis of the calculations you have made, explain which location Saber should
choose.

Answers

Answer:

Explanation:

physical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributesphysical attributes

Select all that apply.
Which of these are true of a natural pause following a conversation?
You should begin speaking to avoid awkwardness.
You should not panic.
Take a moment to collect your thoughts before you speak.
Conversations that end with a pause went poorly.

Answers

Answer: all of the above.

Why? Because all of them are important in a conversation!
speaking to avoid awkwardness is good so you won’t end up ruining the conversation without realizing and giving the other person a bad impression about yourself. And not panicking is quite important too, because when you panic and get negative thoughts you’ll realize that it’s keeping you down and making you feel bad or anxious about every single word you say. And lastly collecting your thoughts and putting them in order (few seconds before starting a conversation) can be helpful to most people which will make them feel more confident and prepare especially if the conversation was serious.

Answer:

You should not panic

AND

Take a moment to collect your thoughts before you speak.

Explanation:

Hope this helps!

What are some common spreadsheets applications?​

Answers

USES ( APPLICATIONS) of spreadsheet are;

1) to create budgets : Excel can be used in creation of budget s which is the estimation of revenue as well as expenses which covers specified future period of time.

2)produce graphs and charts: it's application is helpful in creating graphs in mathematics as well as statistics

3 for storing and sorting data: Data sorting can be done using spreadsheet. It involves arrangements of data into an order in order to make analysis of the data easier.

SPREADSHEET APPLICATION

1)Microsoft Excel : This is used in data

crunching , it can handle large data sets.

2)LibreOffice : it's applicable in Calc for a free as well as native spreadsheet app.

4) Smartsheet: is useful when handling

task involving non-spreadsheet and can be used for project management.

5)Quip : it's useful for integration of

spreadsheets into shared documents.

1.2.
State which environment unions are found in.​

Answers

United state maybe cause you said which state ;-;

Workplace diversity describes differences among workers in any of the following areas:
salary
office space
religion
Orace
select all that apply.

Answers

Answer= religion and race.

Office space and salary are not an example of diversity.

I hope this helps.

what are vital events?

Answers

Answer:

efers to the live birth, death, foetal death, marriage, divorce, adoption, legitimation, recognition of parenthood, annulment of marriage, or legal separation.

Explanation:


Description
Vital statistics is accumulated data gathered on live births, deaths, migration, fetal deaths, marriages and divorces. The most common way of collecting information on these events is through civil registration, an administrative system used by governments to record vital events which occur in their populations

Problem 17-1A Comparing costs using ABC with the plantwide overhead rate LO P1, P3, A1, A2

Answers

Answer:

$67.50 per hour

Explanation:

Setup Cost = $312,500

Transportation Cost = $10,000

Direct Labor cost $25,500

Modification of machine cost $12,000

Insurance of Factory Premises $28,000

Raw material Cost $118,250

Machine hours = 7,500 hours

labor hours = 3,500  hours

Total manufacturing Overheads = $506,250 / 7,500 = $67.5 per hours

How will taxation influence the circular flow model

Answers

Answer:

TMS

Explanation:

Taxes (T) imposed by the government reduced the flow of income.

Money paid to foreign companies for imports (M) also constitutes a leakage.

Savings (S) by businesses that would have been put to use are a decrease in the circular flow of an economy's income.

someone please help !!

i need to fill the blanks in w descriptions from the bank on the right, based of an article. some descriptions also need to be inferred. (dark grey boxes are not to be answered)

https ://www.allbus ines s .com/advantages-and-dis advantages -of-sole-proprietors hips -3-875-1.html

Answers

Answer:

aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap

Explanation:

HELP PLEASE ILL GIVE CROWN!!!!
the percentage you will need to pay in interest on a loan will NOT depend on what factor?
A. your history of paying back loans in the past.
B. your volunteer activities and proof that you are a good person.
C. your overall credit score.
D. the financial choices you have previously made.

Answers

Answer:

B

Explanation:

This has nothing to do with your financial history, while every other option does.

In what type of economy do people officials determine the 3 basic economic questions?

Answers

Most likely a Command economy.

List of the least five behaviors you feel would be behavior you feel would be considered irresponsible in the workplace. For each behavior listed, provide a detailed example/scenario to detail what makes the behavior either responsible or irresponsible.

Answers

Answer: See Explanation

Explanation:

Some of the behaviors that would be considered irresponsible in the workplace include:

1. Lateness: Every company has its working hours and it is required for the employees to adhere to the working hours and always get to work on time. Lateness is a bad habit in the workplace. For a company to achieve its goals, it's required for its workers to come to their workplace early and perform their duty well.

2. Cyberslackers: This occurs when the employees use the internet that is meant for work related activities to surf the net and browse sites that doesn't relate to their work. For example, a case whereby an employee is checking his or her social media at the workplace.

3. Lying to other employees: It is a bad behavior for an employee to lie or say something that's not true about a person in order to gain an advantage or for other person reasons Lying brings about lack of trust and disunity in the workplace.

4. Having a bad character: In an organization, it is vital for the employees to possess good characters such as being kind, caring, helpful etc. Possessing a bad character will have a negative effect on the company.

5. Theft: Employee theft is also an irresponsible behavior in the workplace. Stealing has a negative effect on the revenue of the company as it reduces the revenue such company makes. Employees should always make sure that they do not falsify information in order to gain a financial advantage or steal company's fund.

Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?

Answers

Answer:

HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality

Explanation:

If OSHA's regulations are not obeyed, what can OSHA do
to the people who are responsible? (Select two answers.)
Make them move to a different state.
Fire them.
Fine them.
Take them to court for committing a crime.
Make them create a Web site.

Answers

Answer:

Make them move to a different state.

Fire them.

Answer:

3  & 4

Explanation:

i got it right

Which economic system is based on an idea of equality of result; that regardless of how well off somebody starts, all
should be guaranteed an equal success?
O A. Traditional
B. Command
OC. Mixed
D. Market

Answers

B. Command

What your describing sounds a lot like communism which would be found under a command economic system

Answer:

D.Market

Explanation:

A market economy conforms to formal equality of opportunity only if jobs offered by business firms are publicized in advance, so that anyone who might want to apply has a reasonable opportunity to do so.

Describe a situation where value at one level of the enterprise may not be seen as valuable at another level

Answers

Answer:

At the Board level of a traditional company, the value delivered by a company's Information technology unit is rarely mentioned or discussed if they are not an IT firm.

This is attributable to the inability of traditional firm-level economic analysis to bring fully to the fore, in a langugage that the Board of governors can understand, the intangible impacts of IT delivers to the overall business value.

The purchase of faster laptops and better productivity tools (for instance) which help to foster collaboration irrespective of time or space will in some way translate to increased bottom line due to increased effectiveness and efficiency might go unaccounted for or unnoticed in a board level report.

However, the sales-manager who brought in more money in sales will most likely get very decent attention from the powers that be.

Cheers

Devon, a Project Manager is working on a software development project. He needs more coders to complete the project on time. As a result, he hires people and they are given on-the-job training by their coworkers. However, this significantly reduces the output of th team and leads to a delay in the project. The given scenario exemplifies:

Answers

Answer: the mythical man-month effect

Explanation:

The scenario given in the question above signifies the mythical man-month effect.

According to the mythical man-month effect, it explains that when more programmers are added to a particular project, this eventually led to a delay in the project.

Since we are told that Devon needs more coders to complete the project on time and therefore hired more people to complete the project but eventually led to a delay, thus signifies the mythical man-month effect.

While using a debit card increases the speed and efficiency of business transactions, what effect can this have on a person's money management skills?

Answers

Often, using a debit card doesn’t feel like you are using real money, because it is so simple and efficient. This can cause people to buy more than they have in their checking account, often resulting in overdraft fees and poor budgeting.

The person can set his or her financial goal and this will result in preplanning the funds. This makes the platform an easy target to transact with and more efficient.

What is a financial goal?

A financial goal is an objective or plan for handling money. It is a function of how much money you make, spend, save, or invest. Depending on their need for a financial objective, such as pension planning, a person or individual might define their own financial goals.

The person who is a using debit card or a credit card. This would help the person in maintaining their efficiency and a budget. They can even set a limit through which they can be allowed to transit.

Also, they can use ODIs which is overdraft as well as bills receivable. This would increase their efficiency and money management.

Learn more about financial goal, here:

https://brainly.com/question/28302353

#SPJ2

On January 1, Salter Corporation determined that its direct materials inventory needs to contain 6,000 pounds of materials by March 31. To achieve this goal, Salter will have to use four pounds of direct materials for every pound that it purchases during the upcoming quarter. On the basis of the company's budgeted sales volume, management estimates that 5,000 pounds of direct materials need to be purchased by March 31. Determine the number of pounds in Salter's beginning direct materials inventory on January 1.

Answers

Answer: 21000

Explanation:

Direct materials inventory desired = 6,000

Purchase of direct materials budgeted = 5000

Pounds needed for production = 5000 × 4 = 20000

The number of pounds in Salter's beginning direct materials inventory on January 1 will be:

= Direct materials inventory desired + Pounds needed for production -

Purchase of direct materials budgeted

= 6000 + 20000 - 5000

= 21000 pounds

As the price of Pufs increased, the demand for Huks has decreased. Based on this information, what type of good is a Huk?

Answers

More than likely a superior good.

Pizza Hut is an American restaurant chain that offers different styles of pizzas and many other fast food options. There are more than 5,600 store locations in 94 countries around the world, which are owned and operated by the local population of those countries by giving access to patents, trademarks, etc. (a) Which form of international business is adopted by Pizza Hut? Explain. (b) Explain any two advantages and any two disadvantages of this form of international business.

Answers

Answer:

(a) Which form of international business is adopted by Pizza Hut? Explain.

Pizza Hut operates through franchises. Basically Yum (which owns Pizza Hut) is the franchisor that allows the franchisee to invest in a restaurant, operate it and it must pay the franchisor certain fees.

(b) Explain any two advantages and any two disadvantages of this form of international business.

Advantages:

higher rate of success for new businessesprior experience is not required since the franchisor provides training, counseling and a business model.

Disadvantages:

Franchisees must follow the business model and cannot innovatethe risk of poor service offered by some franchisees always exist

Prepare a report on environmental sanitation. Include the impacts, causes, and prevention methods​

Answers

Answer and Explanation:

Environmental sanitation is carried out through a series of public investments that seek to promote environmental control in a region. The impacts of this type of sanitation must be positive, since it is through it that a community can present adequate garbage collection, treated water supply, sewage treatment, correct disposal of human waste, cleaning of public roads, basic sanitation, among others . All of this promotes human development, the well-being of the population and environmental preservation.

The causes of environmental sanitation are the need to establish social policies that promote better living conditions and that optimize the health of citizens without degrading the environment.

FINISH THIS SENTANCE
There was this blind man, right? He Was feeling his way down the street with this stick,

Answers

when he runs into a old dog who so happens to be a dog that guides blind people.
Other Questions
which of the following is correct? the larger the level of significance, the more likely you are to fail to reject the null hypothesis. the level of significance is the maximum risk we are willing to take in committing a type ii error. for a given level of significance, if the sample size increases, the probability of committing a type i error will remain the same. for a given level of significance, if the sample size increases, the probability of committing a type ii error will increase. the operations budget reflects: a. capital expenditures b. revenues and expenses c. cash receipts and disbursements d. balance sheet items which of the following items below would be an input in sprint planning? please select two. Determine all the singular points of the given differential equation. (t2-t-6)x"' + (t+2)x' (t-3)x= 0 Select the correct choice below and, if necessary, fill in the answer box to complete your choice. A. The singular point(s) is/are t = (Use a comma to separate answers as needed.) OB. The singular points are allts and t= (Use a comma to separate answers as needed.) C. The singular points are all t? and t= (Use a comma to separate answers as needed.) D. The singular points are all t> O E. The singular points are all ts OF. There are no singular points. design a simple, spur gear train for a ratio of 6:1 and a diametral pitch of 5. specify pitch diameters and numbers of teeth. calculate the contact ratio. what do leon festinger, walter mischel and david rosenhan have in common? a cylinder/piston contains 1 kg propane gas at 100 kpa, 300 k. the gas is compressed reversibly to a pressure of 800 kpa. calculate the work required if the process is adiabatic. what is the mass (in kg) of air in a square room if the room has walls that are 9.82 feet high and 9.82 long and the density of air is 1.3 g/l in a(n) _____________ question, the respondent is not provided with any answers from which to choose. Consider the set of successive ionization energies. IE| = 418.8 kJ/mol IE2 = 3052 kJ/mol IE IEZ 4420 kJ/mol IE4 = 5877 kJ/molIdentify the element in period 4 that corresponds to this set of ionization energies. a. Ca b. Ge c. Ga __________ approaches provide a vision and recommendations for improving ethical decision-making. Consider the van der Waals equation for gases. Identify the correct statement(s). 1. A low value for a reflects weak intermolecular forces among the gas molecules. 2. A high value for a reflects weak intermolecular forces among the gas molecules. 3. Among the gases H2, N2, CH4, and CO2, H2 has the lowest value for a. O1 only 2 and 3 1 and 3 2 only 3 only use linear approximation to estimate f(2.85) given that f(3)=2 and f'(3)=6 create a macro that will convert a temperature measurement (not a temperature difference) from fahrenheit to celsius using the formula: C = (5/9) (F-32) Use relative addressing, so that the following original Fahrenheit temperatures may appear anywhere on the worksheet. F1=46 F2=82 F3=115 3. Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following stock: common stock, par value $10 per share, 11,500 shares authorized. During the year, the following selected transactions were completed: 1) Prepare the journal entries required to record the transaction of common stock a. Sold 5,600 shares of common stock for cash at $20 per share. b. Sold 1,000 shares of common stock for cash at $25 per share. 2) Prepare the stockholders' equity section as it should be reported on the year-end balance sheet a. At year-end, the accounts reflected income of $12,000. No dividends were declared. 1H35Cl has a force constant of 516 Nm1 and a bond length of 127.5 pm. The isotopic mass of 1H atom is 1.0078 amu and the isotopic mass of 35Cl atom is 34.9689 amu. Calculate the frequencies of the light corresponding to the lowest energy pure vibrational transition and lowest energy pure rotational transition. examine the following code: vector v{1, 2, 3}; auto x = (begin(v)); what does x represent? windows xp null modem ppp connect to workplace. TRUE OR FALSE? white light, = 400 to 750 nm, falls on sodium ( = 2.30 ev). (a) what is the maximum kinetic energy of electrons ejected from it? use the formula to calculate the lifetime of a black hole with the mass of the sun (msun=2.01030kg)(msun=2.01030kg) . express your answer in years to three significant figures.