Macroeconomics: Measurement of Economic Performance

What happens to the cost of production when the economy goes through a negative supply shock?

The nominal GDP is $300B and the GDP deflator is 140, what is the real GDP?

Which of following is true regarding prices in an economy?

Who provides the land, labor, capital and entrepreneurship?

 If nominal GDP is 400B and real GDP is 80B, what is the GDP deflator? 

If the AS curve shifts to the left of the LRAS, what happens to the Phillips Curve?

The GDP of a country for year 1 is 10B and 12B in year 2. What is the percent of change in GDP?

Which of these cause demand-pull inflation? 

Which of the following can affect the natural unemployment in an economy?

What is the formula for consumer price index (CPI)?

The best measure for comparing a country's aggregate output over time is:

Which part of the graph represents full employment on the business cycle?

If inflation is supposed to increase by 3% and actual inflation is 6%, who will not be hurt?

Which of the following makes up the largest percentage of GDP measured by aggregate spending? 

What is unemployment?

What type of unemployment is it when a mall santa is out of work?

 A town has 1000 people, 800 in the labor force, 700 employed. What is their unemployment rate?

What is GDP used for?

Which of these people are not counted in the unemployment rate?

Which of these does not cause inflation?