Questions from Macroeconomics

Q: China’s gross domestic product grew 11.4 percent last year and

China’s gross domestic product grew 11.4 percent last year and marked a fifth year of double-digit growth. The increase was especially remarkable given that the United States is experiencing a slowdow...

Q: What are the distinctions between domestic and national, and gross and

What are the distinctions between domestic and national, and gross and net?

Q: What is the expenditure approach to measuring GDP?

What is the expenditure approach to measuring GDP?

Q: What is the income approach to measuring GDP?

What is the income approach to measuring GDP?

Q: What adjustments must be made to total income to make it equal

What adjustments must be made to total income to make it equal GDP?

Q: What is the distinction between nominal GDP and real GDP?

What is the distinction between nominal GDP and real GDP?

Q: In response to the Gates Malaria Forum in October 2007, countries

In response to the Gates Malaria Forum in October 2007, countries are debating the pros and cons of eradication. Dr. Arata Kochi of the World Health Organization believes that with enough money malari...

Q: How is real GDP calculated?

How is real GDP calculated?

Q: How does the growth rate of real GDP contribute to an improved

How does the growth rate of real GDP contribute to an improved standard of living?

Q: The table lists some data for Canada in 2008. Item

The table lists some data for Canada in 2008. Item…………………………………………….. Billions of dollars Wages paid to labour……..……..……..……..……..……… 815 Consumption expenditure……..……..……..…………... 885 Net domestic in...