Economic Indicators: The Primacy of GDP/BMC Certification Questions and Answers 100% Solved

Economic Indicators: The Primacy of GDP/BMC Certification Questions and Answers 100% Solved In 2015, an accounting gimmick gave Ireland a 26% growth rate in GDP. What does this event reflect about the nature of GDP? ️️If the measurement of economic activity evolves, GDP can change. Essential Economic Indicators ️️Economic Growth, Inflation, Unemployment, Business Confidence, Housing Here is the most important economic data for New Zealand and Switzerland. Which economy did better year-over-year (YOY) in the fourth quarter of 2018 compared to the fourth quarter of 2017? Use the two tables to investigate. ️️New Zealand performed better. In the United States, why is there a strong relationship between unemployment and GDP? ️️Consumer spending accounts for two-thirds of the U.S. economy. When the number of unemployed consumers rises, there is less consumer spending. Here is a chart showing both nominal GDP growth and real GDP growth for a country. Which of the following can be a true statement at the time of the chart was captured? ️️The country has inflation. The top line is nominal growth and the bottom line is real growth. What is inflation? ️️A general increase in prices of goods and services which diminishes the purchasing power of money. In other words, it means that a unit of money tomorrow buys less than the same unit of money would buy today. Which is why cost of living has gone up