Multiple choice answers right here.. (1 Viewer)

username

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considering the teacher got one wrong and your answers are wrong i would say you are the embarassment. As i said he didn't do the calculations, hence the mistake on the equity part.
 
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Shuter

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Yes lemon, what the hell are you talking about.

5.I calculated real GDP, it's change was 0.

6. D is not completely true, a quota will limit the amount of lower priced goods that can be importated and therefore the remaining quantity gap will have to be filled up by local producers. Therefore the price will change.


14. Terms of trade is Export price/Import price nothing to do with volume.
 

Stilla

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Lemon you're a spastic. Deadset. I'm glad you don't go to my school and i'm surprised you were let into one that offers any subject that scales up.
 

Rorix

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if I can further jump on board..

Real GDP = Nominal GDP/GDP deflator * 100
 
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Shuter

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Rorix said:
if I can further jump on board..

Real GDP = Nominal GDP/GDP deflator * 100
Or one that's applicable to more situations is.

Real GDP = (Nominal GPD * CPI Previous Year)/CPI current Year

As this doesn't rely on the base year being CPI 100.
 

Rorix

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that's actually the same thing but whatever
 

matt_f64

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yeah it is. cos cpi this year / cpi previous.. is inflation rate for this year... so both of u r just taking away inflation from nominal gdp
 

alcapony

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what was the answer to the MPC question for us who neglected to take the paper home?
 

skypryn

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alcapony said:
what was the answer to the MPC question for us who neglected to take the paper home?
something like there was investment of 100 and it rose equlibrium income to 250. what is MPC.

250 / 100 = k = 2.5

k = 1 / (1-MPC)

1-MPC = 1/2.5

MPC = 1 - 1/2.5

MPC = 0.6
 

Seabiscuit

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Question 1 has to be D, otherwise we can all sue Leading Edge because we use their book at school and i swear its definition of the IMF is exactly the same as given in D.
 

username

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It is d if you look at my bloody post. We fixed that up i said it was a typo.
 

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