« previous next »

Author Question: Which of the following shows a negative relationship between the output and unemployment gaps? A) ... (Read 25 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
Which of the following shows a negative relationship between the output and unemployment gaps?
 
  A) the AS curve
  B) the Phillips curve
  C) Okun's law
  D) the classical dichotomy
  E) none of the above

Question 2

How does the treatment of international transactions differ with respect to gross national product and gross domestic product? Explain. Why do you think that the U.S government has switched from using GNP to using GDP
 
  What will be an ideal response?


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Gross national product includes earnings of U.S. corporations overseas and U.S. residents working overseas, whereas gross domestic product does not include these earnings. Gross domestic product includes earnings from current production in the United States that accrue to foreign residents or foreign-owned firms, while gross national product excludes these items. GDP has become more attractive because in the current, more globalized economy, the nationality of workers and firms has become harder to distinguish. Hence, the switch to relying on location of production.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

asmith134

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Correct answers!


firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Negative feedback control of the female reproductive hormones Negative feedback control of the female reproductive hormones
Technological advances are now so rapid that there can be cultural gaps between generations. Technological advances are now so rapid that there can be cultural gaps between generations.
CT scan of the head shows a massive bleed with a midline shift. CT scan of the head shows a massive bleed with a midline shift.
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ... The figure shows an LR circuit with a switch and a 240-volt battery. At the instant the switch ...
Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ... Nader makes semi-annual payments of $3000 to pay off his loan. Because of unemployment, he ...
Video: Semidiscontinuous DNA replication

For a complete list of videos, visit our video library