U.s. real gross domestic product increased

Assignment Help Macroeconomics
Reference no: EM13317922

U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.

What was the dollar value of manufactured output in

a) 2000 and

b) 2010

Reference no: EM13317922

Questions Cloud

Find the percentage increase in real gdp between 2001 : GDP rises from 6 trillion in 2001, base year, to 12 trillion in 2008. the gdp deflator is 180. Find real GDP in 2008. Find the percentage increase in real gdp between 2001 and 2008.
If the market-clearing price is 6, obtain the profit maximis : If the market-clearing price is 6, obtain the profit maximising level of output.
Find the elasticity of demand at the profit maximising : A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find the output that maximises this monopolist’s profits. What are the prices at profits and that output? Find the elasticity of demand at the profit maximising output.
Decrease average weekly work hours if the income effect : In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
U.s. real gross domestic product increased : U.S. real gross domestic product increased from $10 trillion in 2000 to $15 trillion in 2010. During that same decade the share of manufactured goods (e.g., cars, appliances) fell from 16 percent to 12 percent.
Briefly explain how each of the changes the money supply : Briefly explain how each of the following changes the money supply.a. the central bank buys bonds b. the central bank raises the discount rate
Determine the resulting angular velocity of the wheel : A bolt located 50 mm fm he center of an automobile wheel is tightened by applying the couple for 0.10 s. Assuming that the wheel is free to rotate and is initially at rest, determine the resulting angular velocity of the wheel.
Explain why market outcomes are inefficient in the presence : Give two example of a negative externality and two examples of a positive externality Explain why market outcomes are inefficient in the presence of externalities.
What is the speed of the bullet before it impacted the block : A bullet of mass 25.0 g is fired into a wooden block of mass 2.200 kg that is initially at rest. what is the speed of the bullet before it impacted the block

Reviews

Write a Review

Macroeconomics Questions & Answers

  Suzy knows that she has maximized her utility

Suzy knows that she has maximized her utility, as she is on her budget constraint.

  Explain how many additional workers do you think

Explain how many additional workers do you think will file umemployment claims in your state

  What is the interval estimate of the population proportion

America's young people are heavy Internet users; 87% of Americans ages 12 to 17 are Internet users (The Cincinnati Enquirer, February 7, 2006). MySpace was voted the most popular Web site by 9% in a sample survey of Internet users in this age grou..

  What would be partially financed by the seller

a) What is the probability that 35% of them, or less, would be partially financed by the seller b) There is 80% chance that the sample proportion of home sales that would be partially financed by the seller will be bigger than what amount

  Will fields with both oile and gas have greater difficulties

Some fields have large enough quantities of both oil and natural gas that coordination must be achieved for the production of both, rather than oil alone as in our examples. Will fields with both oile and gas have greater difficulties in unitizati..

  Make sure to properly cite and reference the article

Make sure to properly cite and reference the article in your review, along with any additional sources that you use.

  Pricing strategy for argyle inc and baker company

You are a pricing manager at Argyle Inc. - a medium-sized firm that recently introduced a new product into the market.  Argyle's only competitor is Baker Company, which is significantly smaller than Argyle.

  Calculate the resulting change in consumer surplus

After the firm's patent expires, predict the new market output and price. Assume that competing suppliers have the same economic costs as the original producer. Calculate the resulting change in consumer surplus.

  Price elasticity of demand

Price elasticity of demand is constant if the slope of the demand curve is constant, terms of quantity changes and price changes

  How does fiscal policy work

How does an expansionary monetary policy work? (Describe the steps through which an increase in money supply affects the real GDP). How does fiscal policy work? (Describe the steps through which an increase in G or TR, or a decrease in TX, affects ..

  Specialization and gains from trade

Robin and Terry are Stranded on a deserted island and consume two products, coconuts and fish. In a day, Robin can catch 2 fishes or gather 8 coconuts, and Terry can catch 1 fish or gather 1 coconut.

  Express how long would it take for the price level

Express how long would it take for the price level to double if inflation persisted.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd