Question 11 pts Full employment is Flag this Question Questi

Question 11 pts

Full employment is:

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Question 21 pts

Country X has an $8000 billion GDP and a population of 200 million. Country Y has a $6000 billion GDP and a population of 150 million. Which of the following is true?

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Question 31 pts

Net Domestic Product is GDP after taxes.

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Question 41 pts

In evaluating an economy\'s performance over a period of years, real GDP provides a better measurement than nominal GDP in part because

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Question 51 pts

After a business cycle peak a recession follows

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Question 61 pts

GPI is a highly objective alternative to GDP.

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Question 71 pts

A recession is typically thought of as a decline in real GDP for at least

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Question 81 pts

If nGDP is $9000 billion while rGDP is $12,000 then:

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Question 91 pts

Which of the following exclusions from GDP suggests that GDP is underestimating our material well-being?

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Question 101 pts

Consumption is $600 billion, Investment is $200 billion, Government transfers are $60 billion, Government purchases are $100 billion, Depreciation is $30 billion, Exports are $80 billion and Imports are $130 billion. Find GDP.

Solution

11. The correct answer is: a)

Reason: By definition, full employment is the level at which all looking for a job are able to find a job and everyone in the economy is employed.

P.S.: As per chegg\'s policy, if nothing is mentioned then only the first question is to be answered.

Thanks!