Urgent! I need help with these questions, please.
1- The GDP of Mexico in current US dollars according to the World Bank was the US $0.683 Trillion in 2000 and had grown to the US $1.151 Trillion in 2015. Calculate the GDP percentage change from 2000 to 2015. Show your work.
2- In the expenditure approach to GDP, government purchases include all spending on goods, services, and transfer payments by government agencies.
A- True
B- False
3- The economy is considered at full employment when:
A. the unemployment rate is zero.
B. structural unemployment is zero.
C. cyclical unemployment is zero.
D. frictional unemployment is zero.
4- Which of the following would be considered 'private investment' in GDP?
A. A computer printer purchased by a law firm
B. A computer printer purchased by a student
C. A computer printer purchased by the St. Louis police department
D. All of these
5- Goods that are not sold during the year are included as part of that year's investment in calculating GDP.
A-True
B- False
6- When the nominal GDP has increased in the United States, we know that:
A- the U.S. price level has increased
B- the U.S. price level has decreased.
C- U.S. output of goods and services has increased.
D- Either U.S. output of goods and services or the price level has increased.
E- Both U.S. output of goods and services and the price level have increased.
7- Fill in the blank: GDP is the total value of ________ produced for the marketplace during a given year, within the nation's borders
A- all goods
B- all goods and services
C- all final goods
D- all final goods and services
E- all final and intermediate goods and services
8- Structural unemployment is considered a microeconomic problem.
A- True
B- False
Ā
9- The unemployment rate in the United States is defined as the number of unemployed divided by _____.
A- the U.S. population
B- the number of employed plus the number of unemployed
C- the U.S. population over the age of 16
D- the number of employed
E- the number of employed minus the number of unemployed
10- If Americans buy $500 billion worth of foreign goods and services, and foreigners buy $200 billion worth of American goods and services, then net exports for the United States are equal to _____.
A. $100 billion
B. $200 billion
C. -$300 billion
D. $500 billion
E. $700 billion
11- Discouraged workers are people who used to work, but no longer want a job.
A- True
B- False
12- In the expenditure approach, GDP is equal to _____.
A. C + I + G + exports - imports
B. C + I + G
C. C + I + G + exports
D. C + I + G + imports
E. C + I + G + exports + imports
13- U.S. GDP measures the production of goods and services by Americans, regardless of which country they reside in when they produce those goods and services.
A- True
B- False
