This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If the government purchases multiplier equals 2, and real GDP is 14 trillion with potential real GDP ... (Read 106 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 29, 2018
If the government purchases multiplier equals 2, and real GDP is 14 trillion with potential real GDP 14.5 trillion, then government purchases would need to increase by ________ to restore the economy to potential real GDP.
 
  A) 7.25 trillion B) 1 trillion C) 500 billion D) 250 billion

Question 2

Refer to Table 9-17. Looking at the table above, real average hourly earnings between 2015 and 2016 changed by
 
  A) 1.2. B) 4.5. C) 9.9. D) 14.5.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


rlane42

  • Member
  • Posts: 594
Reply 2 on: Jun 29, 2018
Excellent

milbourne11

  • Member
  • Posts: 322
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

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

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Synaptic transmission. (a) Action potential reaches synapse; (b) neurotransmitter released synaptic ... Synaptic transmission. (a) Action potential reaches synapse; (b) neurotransmitter released synaptic ...
Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out Energy Balance Is Achieved When Energy (Calories) In Equals Energy (Calories) Out
Fogel’s Map of a Potential Water Transport Network for 1890 Fogel’s Map of a Potential Water Transport Network for 1890
Who is the “real” Beyoncé—doting mother or Sasha Fierce? Who is the “real” Beyoncé—doting mother or Sasha Fierce?
Prove that each of the following real functions f has a discontinuity. For each function, ... Prove that each of the following real functions f has a discontinuity. For each function, ...
An electron is accelerated from rest through a potential difference of 3750 V. It enters a ... An electron is accelerated from rest through a potential difference of 3750 V. It enters a ...
Video: Introduction to Breast Cancer

For a complete list of videos, visit our video library