Questions on Macroeconomics Essay

1350 Words Apr 14th, 2015 5 Pages
1) A Countrys rate of economic growth is important because an economy that grows to slowly fails to raise the living standards of its citizens

2)Related don’t let this happen to you! Use the data for the country of New Finlandia in the following table to calculate the following 2006 4,568. A] the percentage of real gap per capita between 2006 and 2010 is ____3.92_____% The average annual growth rate in real gap per capita between 2006 and 2010 is _________2_____%

3)The following table gives real gap figures for 4 years. fail the growth rate for each year, and then find the average annual growth for the period. % to rounded to 1 decimal place. 1999 140 billion. A} the average annual growth rate for this period is _______10
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An increase in the price level will cause a _Movement up along the aggregate demand curve. An increase in government purchases will cause a _________ the aggregate demand curve. Rightward shift of
An increase in state income taxes will cause a _________ the aggregate demand curve. Leftward shift of
An increase in interest rates will cause aggregate demand curve.

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