Question: Need help with these 9 questions 9'!'J $4? . What are the 3 big questions of economics and how are they answered in the U.S.?

Need help with these 9 questions

Need help with these 9 questions 9'!'J $4?\" . What are the

9'!'J $4?\" . What are the 3 big questions of economics and how are they answered in the U.S.? Explain the difference between market-based provision of goods and services and commandicontrol based provision of goods and services. What is the usefulness of the statistic Gross Domestic Product? What are some examples of goods and services that are not counted in GDP? Suppose that a hypothetical economy has spending in the categories listed below. What is the GDP in this country? a. Personal Consumption- 5,000 ' Income taxes -3,000 Depreciation -400 lnvestment 1,000 ' Wages earned -1,600 ' Interest income -800 Government spending -250 ' Exports -700 ' i. Imports - 900 Suppose that a person notices that the price of gasoline is higher. Is this evidence of ination? Why or why not? What are the harms or costs associated with ination? If a country has 500,000 people working full-time jobs, 400,000 people working part-time jobs, 100,00 people who don't have a job and are looking, and 250,000 people who don't have a job but are not looking. Suppose these are all of the people in the country. What is the unemployment rate? What is the labor force participation rate? What are discouraged workers and underempioyment and why are these things important for understanding unemployment rates? Fill in the blanks in the table below: Year CPI Nominal GDP Real GDP Ination from the previous year assesses

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