Please explain these questions to me. Thanks!

Question 1:

Which of the following categories are the losers of a higher than expected increase in the price level?

Debtors, creditors, and savers

Creditors and savers

Debtors and creditors

Savers only

Debtors and savers

Question 2:

Which of the following scenario shows the cost of unexpected deflation?

Consumers now have to pay more to buy goods.

Spending in the economy increases.

Workers now receive higher real wages than before.

Borrowers are better off than lenders.

Employment in the economy increases.

Question 3:

Which of the following goods would be directly counted as part of a country's GDP?

The change in business inventories from the previous year

A stimulus check from the government to households

The market value of tutoring services freely provided by a non-profit

The aggregate total of childcare services provided by older siblings The sales of American companies from factories located outside the United States

Question 4:

Which of the following best describes the turning points of the business cycle?

Expansion and contraction

Peak and trough

Peak and contraction

Recession and expansion

Trough and recession

Question 5:

Use the data table to answer the question that follows.

Year	Price ($)	Quantity (units)
2015	120	200
2016	150	150

Using 2015 as the base year, calculate real GDP for the years 2015 and 2016.

The real GDP for 2015 and 2016 are $22,500 and $18,500, respectively.

The real GDP for 2015 and 2016 are $24,000 and $18,000, respectively.

The real GDP for 2015 and 2016 are $20,000 and $18,000, respectively.

The real GDP for 2015 and 2016 are $30,000 and $20,500, respectively.

The real GDP for 2015 and 2016 are $21,500 and $30,500, respectively.

Question 6:

Assume that a country has a high GDP and also one of the worst life expectancy rates in the world. Which limitation of the GDP is highlighted in this scenario?

The GDP does not measure household contributions.

The GDP does not include sale of illegal contraband.

The GDP does not include government aid.

The GDP does not include net receipts from abroad.

The GDP does not measure standard of living.