Questions from Macroeconomics

Q: Boeing is producing some components of its new 787 Dreamliner in Japan

Boeing is producing some components of its new 787 Dreamliner in Japan and is assembling it in the United States. Much of the first year’s production will be sold to ANA (All Nippon Airways), a Japane...

Q: Boeing is producing some components of its new 787 Dreamliner in Japan

Boeing is producing some components of its new 787 Dreamliner in Japan and is assembling it in the United States. Much of the first year’s production will be sold to ANA (All Nippon Airways), a Japane...

Q: An economy produces only apples and oranges. The base year is

An economy produces only apples and oranges. The base year is 2013, and the table gives the quantities produced and the prices. Calculate nominal GDP in 2013 and 2014.

Q: An economy produces only apples and oranges. The base year is

An economy produces only apples and oranges. The base year is 2013, and the table gives the quantities produced and the prices. Calculate real GDP in 2013 and 2014 expressed in base-year prices.

Q: The United Nations’ Human Development Index (HDI) is based on

The United Nations’ Human Development Index (HDI) is based on real GDP per person, life expectancy at birth, and indicators of the quality and quantity of education. a. Explain why the HDI might be be...

Q: Oxford analysts report that living standards in Britain are set to rise

Oxford analysts report that living standards in Britain are set to rise above those in America for the first time since the nineteenth century. Real GDP per person in Britain will be £23,500 this year...

Q: News clip in Problem 22 is as follows: China’s gross

News clip in Problem 22 is as follows: 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...

Q: India, with the world’s largest population of poor people, created

India, with the world’s largest population of poor people, created millionaires at the fastest pace in the world in 2007. India added another 23,000 millionaires in 2007 to its 2006 tally of 100,000 m...

Q: Answer the following questions. a. Which economy—the

Answer the following questions. a. Which economy—the Canadian or the U.S.—had the longer and deeper recession in 2008–2009? b. Which economy—the Canadian or the U.S.—had the lower estimated growth rat...

Q: GDP has proved useful in tracking both shortterm fluctuations and long-

GDP has proved useful in tracking both shortterm fluctuations and long-run growth. Which isn’t to say GDP doesn’t miss some things. Amartya Sen, at Harvard, helped create the United Nations’ Human Dev...