« previous next »

Author Question: The GDP deflator provides a measure of which of the following? A) the ratio of GDP to the size of ... (Read 24 times)

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
on: Jun 30, 2018
The GDP deflator provides a measure of which of the following?
 
  A) the ratio of GDP to the size of the population
  B) the ratio of GDP to the number of workers employed
  C) the ratio of nominal GDP to real GDP
  D) the price of a typical consumer's basket of goods
  E) real GDP divided by the aggregate price level

Question 2

Explain why economists care about unemployment.
 
  What will be an ideal response?


yasmin

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

First, they care about unemployment because of its direct effect on the welfare of the unemployed. Unemployment is often associated with financial and psychological suffering. Second, they care about unemployment because it provides a signal that the economy may not be using some of its resources efficiently.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

mrsjacobs44

  • Hero Member
  • *****
  • Posts: 500
Reply #2 on: Jun 30, 2018
Thank you


yasmin

  • Sr. Member
  • ****
  • Posts: 319
Reply #3 on: Jun 30, 2018
No problemo


« previous next »
 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

A method to measure the lateral movement of membrane proteins. A method to measure the lateral movement of membrane proteins.
Relative Size of the Body’s Fluid Compartments Relative Size of the Body’s Fluid Compartments
Drag the labels to indicate the change in the size of the reservoir. . . Drag the labels to indicate the change in the size of the reservoir. . .
Using a DMM to measure the open-circuit voltage of a battery. Using a DMM to measure the open-circuit voltage of a battery.
Finding the angle from a ratio Finding the angle from a ratio
Bill Size in African Finches Bill Size in African Finches
Video: Bone Healing Animation

For a complete list of videos, visit our video library