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Nastasia [14]
3 years ago
14

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion w

ould cause real GDP to ________ potential real GDP (assuming a constant price level). Group of answer choices
Business
1 answer:
Bingel [31]3 years ago
6 0

Answer:

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).

Explanation:

The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year.  On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.

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You are paying an effective annual rate of 18.974 percent on your credit card. The interest is compounded monthly. What is the a
Kipish [7]

Answer:

17.5%

Explanation:

Effective annual rate is a yearly rate of return which includes the compounding effect. APR is the simple rate of return which is being paid on the principal amount that is being invested.

Formula for Effective Interest rate

EAR = ( 1 + APR/n )^n -1

0.18974 = ( 1 + APR/12 )^12 -1

0.18974 + 1 = ( 1 + APR/12 )^12

1.18974 = ( 1 + APR/12 )^12

(1.18974)1/12 = (( 1 + APR/12 )^12 )1/12

1.0146 = 1 + APR/12

1.0146 - 1 = APR / 12

0.0146 = APR / 12

APR = 0.0146 x 12

APR = 0.175 = 17.5%

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Answer:

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Explanation:

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Secondary reserves refer to the extra reserves maintained by the banks over and above the minimum regulatory reserve requirement mandated on banks by the Federal Reserve System.The Federal Reserve System as it is popularly known is the central bank in the US.

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Explanation:

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