User Account

All Pages

What is the difference between GDP and NI

Assignment Help Macroeconomics
Reference no: EM132349160

Question: For this assignment, you should use the information in the textbook and the information found on the official government website: bea.gov.

1. What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?

2. What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?

3. What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?

4. Does GDP measure the well-being of society? Why or why not?

5. What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?

Submission Details: • Submit a 4 to 6 page Microsoft Word document, using APA style.

Reference no: EM132349160

Questions Cloud

Why did housing prices rise rapidly during given year : Why did housing prices rise rapidly during 2002 - 2005? Why did the mortgage default rate increase so sharply during 2006 and 2007 even before the 2008 - 2009.
Heteronormal western behavioral standards : An American observer, using heteronormal western behavioral standards would consider tchambuli behavior normal why is true or false and why?
Write about malcolms hour rule : Write two paragraphs, one supporting Malcolm's 10,000 hour rule, and one critically arguing against Malcolm's 10,000 hour rule. Remember to use research
Address issues of privilege : How was affirmative action policy crafted to address issues of privilege?
What is the difference between GDP and NI : What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008?
Internet communication even though families : Why teachers should not rely on Internet communication even though families have Internet access? Explain some alternative methods?
Considered the ninth planet in the solar system : Pluto was considered the ninth planet in the Solar System.Pluto should still be designated a planet, or not? What about the other four classified dwarf planets?
Illustration of the various schools of thought : Please explain how or whether Philip Yang's illustration of the various "schools of thought" used by social scientists over time help you better understand
What can you do to enhance collaboration : Which business functions will be impacted by your action plan? What tactics will you use to manage implementation across business functions? What can you do to.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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