Distinguish between real GDP and potential GDP and describe how each grows over time.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
Real GDP is the value of final goods and services produced in a given year whe...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
The International Monetary Fund (IMF) publishes The World Economic Outlook. Go to www.imf.org and look at the most recent version available. The IMF measures the output gap as the difference between...
-
The International Monetary Fund (IMF) publishes the World Economic Outlook. Go to www.imf.org and look at the most recent version available. The IMF measures the output gap as the difference between...
-
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). a. Find the values for the most recent quarter for the following three variables: (1) Nominal...
-
After examining all the potential projects, you discover that there are many more projects this year with positive NPVs than in a normal year. What two problems might this extra large capital budget...
-
The following direct materials variance computations are incomplete: Price variance = ($? $10) 9,600 kg = $4,800 U Efficiency variance = (? 10,400 kg) $10 =? F Flexible budget variance = $?...
-
Refer to the Animal Science Journal (May, 2014) study on the use of ascorbic acid (AA) to reduce stress in goats during transportation from farm to market, Exercise 9.12. Recall that 24 healthy goats...
-
It costs \($12\) to bet on a horse race. The horse has a 16 chance of winning and a 1/3 chance of placing 2nd or 3rd. You win \($42\) if the horse wins and receive your money back if the horse places...
-
1. What is the probability of rolling a five on a single roll of a die? What are the odds for this event? 2. From a sample of 9,750 Ajax trucks, 273 developed transmission problems within the first...
-
According to the following Sportsmax scenario answer these questions: 1. Detail the ethical conflict/dilemma that Robert Manning is facing. 2. As the president and CEO of SportsMax, how can you...
-
The Clampett Oil Company has a tanker truck that it uses to deliver fuel to customers. The tanker has five different storage compartments with capacities to hold 2,500, 2,000, 1,500, 1,800 and 2,300...
-
How does the growth rate of real GDP contribute to an improved standard of living?
-
Explain why real GDP might be an unreliable indicator of the standard of living.
-
The issue of health care coverage in the United States is becoming a critical issue in American politics. A large-scale study was undertaken to determine who is and is not covered. From this study,...
-
Design a vending machine following the given instructions. Implement the design in FPGA. Vending Machine is a candy dispenser machine that dispenses candy based on the amount deposited in the...
-
There is a square with the side a and four equal charges q=1C located in the vertexes. In the x-y coordinates the vertexes are located at: (0,0), (2a,0), (0,2a), (2a, 2a). Sketch the picture, then at...
-
Research #2: Conduct a Global Marketing Opportunity assessments (PESTEL, CAGE, Scenario Planning and Analysis, Countries to enter with new products, Demographics, Target Market) on Disney in Japan.
-
Karel doesn't just want to solve puzzles; he wants to create. So his plan is to build a spiral of items, as shown below (he was watching a popular tv show and got inspired). Karel starts off in an...
-
Design a 4 - bit counter that can count either up or down up to 1 3 on the rising edge of the clock.There are three input signals: a clock signal, a reset signal, and a signal to indicate whether...
-
Using the Web or other resources, identify a product that can be classified as an end-user database and a product that can be classified as an enterprise database. How are the products described and...
-
What are multinational corporations (MNCs) and what economic roles do they play?
-
How will countries know which domestic industries have a comparative advantage in order to allocate resources towards specialization in producing those goods and services?
-
Describe the situation in the market for a good or service that Canada imports.
-
How can we know that the benefits to the economy from free trade are greater than the benefits accruing to the domestic industry that is protected from foreign competition?
-
Because of its high dielectric strength, SF6 (sulfur hexafluo-ride) gas is widely used as an insulator and a dielectric in HV applications such as HV transform-ers, switches, circuit breakers,...
-
An eagle is flying horizontally at a speed of 2.9 m/s when the fish in her talons wiggles loose and falls into the lake 4.4 m below. Calculate the magnitude of the velocity of the fish relative to...
-
A 5.0 g bullet moving 325 m/s is shot into a 1.25 kg block, which slides for 1.35 seconds across the surface it is on before coming to rest. What is the average force of kinetic friction between the...
Study smarter with the SolutionInn App