Using data from the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org), analyze the effect of a
Question:
Using data from the Federal Reserve Bank of St. Louis (FRED) (fred.stlouisfed.org), analyze the effect of a decline in exports on GDP.
a. Download data since 1990 on real exports of goods and services (EXPGSC1).
b. What was the dollar value of the decline in real exports between the second quarter of 2008 and the first quarter of 2009? If the multiplier is 2, holding everything else constant, what was the effect of this decline in exports on real GDP?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
a Download data from FRED on real exports from 1990 to the present b Real ex...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The main interest rate that the Federal Reserve tries to control is the Federal Funds rate, the interest rate that banks charge on short-term (usually overnight) loans to other banks. Lets see how...
-
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2/). a. Locate the data for the Consumer Price Index (CPIAUCSL). Click on the "Download Data" link on...
-
Go to the Web site of the Federal Reserve Bank of St. Louis (FRED) (research.stlouisfed.org/fred2) and download annual unemployment data (UNRATE) for 1962 to the present. (To convert the data from a...
-
EarthTones, Inc., was a wholly owned subsidiary of Cutlinger Corporation. Several years ago, EarthTones acquired numerous oil leases and began exploration activities to determine their suitability...
-
Two alternatives are being considered: If the minimum attractive rate of return is 7%, which alternative should be selected? $9200 $5000 First cost Uniform annual benefit $1850 $1750 Useful life, in...
-
Suggest an explanation for the fact that solid CsCl, but not LiCl, absorbs HCl at low temperatures.
-
On April 23, 2014, Calvin Loyer admitted his wife, Edeltrud Loyer, to a nursing home administered by Signature Healthcare. During the admissions process, Calvin signed an arbitration agreement...
-
Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $3 per labor-hour. Strawberry and vanilla flavors are produced in...
-
Scenario 7:Accountant 7 is the audit manager of a distressed client. Our client is in true financialtrouble and they want our firm to lend them money. Can we?
-
A winner of the Texas Lotto has decided to invest $50,000 per year in the stock market. Under consideration are stocks for a petrochemical firm and a public utility. Although a long-range goal is to...
-
An MPC equal to 0 implies a multiplier of 1, meaning that a $1 increase in autonomous expenditures would increase real GDP by only $1. Why does an MPC equal to 0 result in no multiplier effect?...
-
How is reaching macroeconomic equilibrium different from reaching the equilibrium in the market that you saw in Chapter 3, Section 3.3?
-
Apply the Wilcox on signed-rank test to the blood cholesterol data from Exercise 10-39. Use a = 0.05 and assume that the two distributions are continuous. Discuss.
-
This week's lesson revealed that China is currenlty ranked 2nd in terms of biggest economies, based on nominal GDP, and in recent times has been outpacing the number 1 ranked U.S.A. in terms of...
-
The population of Leadville, CO is 2,600 people and is decreasing at a rate of 4.4% per year. Given the equation P(t) = 2600(.956), where P represents the population of Leadville and t represents the...
-
Students of accounting sometimes suggest that teaching more courses in ethics will produce more ethical behavior in accounting Do you believe this suggestion has merit?
-
Your favorite company needs your help to look at supply and demand charts to identify what to price your favorite item from that company. Performance Task During this credit, you demonstrate how...
-
Last month, a manufacturing company had the following operating results: Beginning finished goods inventory $ 7 2 , 7 0 0 Ending finished goods inventory $ 7 2 , 8 0 0 Sales $ 4 6 6 , 0 0 0 Gross...
-
Sally was able to negotiate a deferral in her $8,000 bonus from December to the beginning of January. Compute the benefit of receiving the bonus in January, assuming that she is in a 30 percent...
-
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
-
A homebuilder's advertising has the caption, "Inflation to Continue for Many Years." The advertisement continues with the explanation that if one buys a home now for $97,000, and inflation continues...
-
Sally Seashell bought a lot at the Salty Sea for $18,000 cash. She does not plan to build on the lot, but instead will hold it as an investment for 10 years. She wants a 10% after-tax rate of return...
-
A group of students decided to lease and run a gasoline service station. The lease is for 10 years. Almost immediately the students were on fronted with the need to alter the gasoline pumps to read...
-
Sam is preparing her 2020 taxes. She lives in Norfolk, Virginia, and pays them accordingly. Below are the details you need to know to help Sam figure out what she owes in taxes. Sam works at an...
-
For each resource, calculate and label the differences between actual cost and the unnamed middle comparison point, as well as the differences between the unnamed middle comparison point and the...
-
What is the significance of a clean claim?
Study smarter with the SolutionInn App