A period of expansion and contraction measured by real GDP is called (a) Business cycle (b) Expansion © Recession (d) Contraction

A period of expansion and contraction measured by real GDP is called (a) Business cycle
(b) Expansion
© Recession
(d) Contraction
by

1 Answer

Answer :

(a) Business cycle
by

Related questions

Which of the following phases describes the phase of business cycle that occurs after a trough and before a peak (a) Lag (b) Consolidation © Expansion (d) Contraction

Description : Which of the following phases describes the phase of business cycle that occurs after a trough and before a peak (a) Lag (b) Consolidation © Expansion (d) Contraction

Last Answer : © Expansion

A period of expansion of business activity is called 1. depression 2. recession 3. slump 4. boom 5. None of these

Description : A period of expansion of business activity is called 1. depression 2. recession 3. slump 4. boom 5. None of these

Last Answer : boom

The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Last Answer : (d) Export prices compared to import prices.

Which of the following is not a component of GDP? (a) Government spending (b) Investment © Interest (d) Net exports

Description : Which of the following is not a component of GDP? (a) Government spending (b) Investment © Interest (d) Net exports

Last Answer : © Interest

Short term contractions and expansions in economic activity are called (1) Expansions (2) Recession (3) Deficits (4) The business cycle

Description : Short term contractions and expansions in economic activity are called (1) Expansions (2) Recession (3) Deficits (4) The business cycle

Last Answer : (4) The business cycle Explanation: The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. It is basically defined in terms of periods ... incomes. During recessions, the economy contracts, as measured by decreases in the above indicators.

Short term contractions and expansions in economic activity are called _____ (1) Expansions (2) Recession (3) Deficits (4) The business cycle

Description : Short term contractions and expansions in economic activity are called _____ (1) Expansions (2) Recession (3) Deficits (4) The business cycle

Last Answer : The business cycle

One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Description : One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Last Answer : (4) Diversification of exports Explanation: India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies. This has played a crucial ... export markets can be noted from the narrowing dependence on selected economies for exports.

One of the main factors that led to rapid expansion of Indian exports is (1) Imposition of import duties (2) Liberalisation of the economy (3) Recession in other countries (4) Diversification of exports

Description : One of the main factors that led to rapid expansion of Indian exports is (1) Imposition of import duties (2) Liberalisation of the economy (3) Recession in other countries (4) Diversification of exports

Last Answer : Diversification of exports 

A period during which trade expands, then slows down and then expands again is called 1. Business Recession 2. Boom 3. Slump 4. Trade Cycle 5. None of these

Description : A period during which trade expands, then slows down and then expands again is called 1. Business Recession 2. Boom 3. Slump 4. Trade Cycle 5. None of these

Last Answer : Trade Cycle

The period in the business cycle in which there is extremely high unemployment, low wages, minimum total disposable income, and a lack of confidence in the economy by consumers is ? 1. recovery 2. prosperity 3. depression 4. recession 5. growth

Description : The period in the business cycle in which there is extremely high unemployment, low wages, minimum total disposable income, and a lack of confidence in the economy by consumers is ? 1. recovery 2. prosperity 3. depression 4. recession 5. growth

Last Answer : depression

The period in the business cycle in which there is extremely high unemployment, low wages, minimum total disposable income, and a lack of confidence in the economy by consumers is: A)recovery B)prosperity C)depression D)recession E)growth

Description : The period in the business cycle in which there is extremely high unemployment, low wages, minimum total disposable income, and a lack of confidence in the economy by consumers is: A)recovery B)prosperity C)depression D)recession E)growth

Last Answer : C)depression

6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment spending is $2000. In order to avoid recessions and inflation (to have equilibrium), the government should have a: a. balanced budget b. budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Description : 6. Assume that Potential Real GDP equals $10,000. National Income is therefore $10,000. Of this, consumers will pay $2,000 in taxes, save $1,000, and spend $7,000 on consumer goods. Business Investment ... . budget deficit of $1000 c. budget surplus of $1000 d. budget deficit of $2000 C C A A C

Last Answer : c. budget surplus of $1000

4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Description : 4. For which of the following reasons might inflation cause Real GDP to grow slower than it otherwise would? a. Inflation makes everyone poorer b. Inflation reduces the value of consumer debt c. Inflation increases business investment spending d. Inflation decreases savings in financial form

Last Answer : d. Inflation decreases savings in financial form

What is GDP measured in?

Description : What is GDP measured in?

Last Answer : answer:Currency (like dollars). GDP is the total market value of all final goods and services produced within a country in a year.

Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : (4) All of the above Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which ... deficit. Import substitution means promotion of export to replace imports. It is also fallout of devaluation.

Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : All of the above

The average propensity to consume is measured by (a) C/Y (b) C=Y © Y/C (d) C+Y

Description : The average propensity to consume is measured by (a) C/Y (b) C=Y © Y/C (d) C+Y

Last Answer : a) C/Y

Real GDP is measured in………….prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Description : Real GDP is measured in………….prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Last Answer : Base year

Factor propotion theory is also known as (a) Comparative advantage theory. (b) Laissez faire theory. © Heckscher Ohlin theory. (d) Product cycle theory.

Description : Factor propotion theory is also known as (a) Comparative advantage theory. (b) Laissez faire theory. © Heckscher Ohlin theory. (d) Product cycle theory.

Last Answer : © Heckscher Ohlin theory.

Which of the following statements defines density of population? (a) Number of persons living in per unit area. (b) Number of persons living in a country © Change in the number of inhabitants of a country during a specific period of time. (d) Absolute numbers added every year.

Description : Which of the following statements defines density of population? (a) Number of persons living in per unit area. (b) Number of persons living in a country © Change in the number of inhabitants of a country during a specific period of time. (d) Absolute numbers added every year.

Last Answer : (a) Number of persons living in per unit area.

6. Using the numbers in question 5, the Real GDP for 2002 is: a. $400 b. $500 c. $800 d. $900 e. $1,300

Description : 6. Using the numbers in question 5, the Real GDP for 2002 is: a. $400 b. $500 c. $800 d. $900 e. $1,300

Last Answer : c. $800

8. If the government lowers taxes by $10 billion, the Real GDP will rise by a. more than $10 billion b. less than $10 billion c. exactly $10 billion

Description : 8. If the government lowers taxes by $10 billion, the Real GDP will rise by a. more than $10 billion b. less than $10 billion c. exactly $10 billion

Last Answer : a. more than $10 billion

5. Disposable Income is equal to: a. National Income c. National Income Minus Taxes b. Real GDP c. National Income Minus Taxes d. National Income Minus Taxes Plus Transfers

Description : 5. Disposable Income is equal to: a. National Income c. National Income Minus Taxes b. Real GDP c. National Income Minus Taxes d. National Income Minus Taxes Plus Transfers

Last Answer : d. National Income Minus Taxes Plus Transfers

What is the correct formula for GDP Deflater? a) Nominal GDP - (minus) Real GDP b) Nominal GDP + Real GDP c) Nominal GDP/ Real GDP d) Real GDP/ Nominal GDP

Description : What is the correct formula for GDP Deflater? a) Nominal GDP - (minus) Real GDP b) Nominal GDP + Real GDP c) Nominal GDP/ Real GDP d) Real GDP/ Nominal GDP

Last Answer : c) Nominal GDP/ Real GDP

Are indirect business taxes included in the measurement of GDP?

Description : Are indirect business taxes included in the measurement of GDP?

Last Answer : I'm pretty sure they aren't included at all, just like Government spending does not include benefit payments for GDP purposes. GDP is all about what an economy produces; things like taxes and food stamps ... what a country is producing. I'm still not 100% on that though, so you should verify it.

What is the breaking of rocks due constant expansion and contraction called?

Description : What is the breaking of rocks due constant expansion and contraction called?

Last Answer : Exfoliation.

Is it possible to keep the ecomomy at constant growth or are we always doomed to a recession?

Description : Is it possible to keep the ecomomy at constant growth or are we always doomed to a recession?

Last Answer : I believe everything in life is cyclical so there will always be recessions. The difference is the way we approach them to determine how long they will last.

Are we in a double dip recession here in the US?

Description : Are we in a double dip recession here in the US?

Last Answer : answer:No. The economy is still growing, just not very rapidly. The technical definition of a recession is two straight quarters of GDP shrinkage. The latest numbers on GDP growth, jobs and trade ballance are ... and somehow think that porsperity will come to us as long as we do nothing to help it.

Will we have a double dip recession in 2010?

Description : Will we have a double dip recession in 2010?

Last Answer : answer:There are many who refuse to believe that we have had a recession, but considering that many companies have figured out how to make a profit without hiring and the true extent of unemployment ( ... still tend to head downwards. But as long as the CEOs are collecting record bonuses, who cares?

If there is a global recession then why do all companies just not cut prices?

Description : If there is a global recession then why do all companies just not cut prices?

Last Answer : The problem is that it's the companies which are losing money, which is why employees' income is being reduced and people are losing their jobs. If the companies cut their profits, more ... more expensive things which will cause other companies to lose money. It's a downward-spiral unfortunately.

Why would you call this a recession/depression?

Description : Why would you call this a recession/depression?

Last Answer : We are not currently in a recession, but we will likely soon be if we don’t regain some faith in the market.

Stagflation is a situation of - (1) stagnation and deflation (2) stagnation and recession (3) stagnation and inflation (4) stagnation and recovery

Description : Stagflation is a situation of - (1) stagnation and deflation (2) stagnation and recession (3) stagnation and inflation (4) stagnation and recovery

Last Answer : (3) stagnation and inflation Explanation: Stagflation is a situation of stagnation in which the inflation rate is high, the economic growth rate slows down, and unemployment remains steadily high. Stagflation occurs ... t growing but prices are, which is not a good situation for a country to be in

When too much money is chasing too few goods, the situation is - (1) deflation (2) inflation (3) recession (4) stagflation

Description : When too much money is chasing too few goods, the situation is - (1) deflation (2) inflation (3) recession (4) stagflation

Last Answer : (2) inflation Explanation: Demand-pull inflation is asserted to arise when aggregate demand in an economy outpaces aggregate supply. It involves inflation rising as real gross domestic product rises and ... few goods", since only money that is spent on goods and services can cause inflation.

When too much money is chasing too few goods, the situation is - (1) Deflation (2) Inflation (3) Recession (4) Stagflation

Description : When too much money is chasing too few goods, the situation is - (1) Deflation (2) Inflation (3) Recession (4) Stagflation

Last Answer : (2) Inflation Explanation: Inflation occurs when too much money is chasing too few goods. The prevailing view in mainstream economics is that inflation is caused by the interaction of the supply of ... prices is a result from an increase in the supply of money by central banking authorities.

Beyond a certain point deficit financing will certainly lead to - (1) inflation (2) deflation (3) recession (4) economic stagnation

Description : Beyond a certain point deficit financing will certainly lead to - (1) inflation (2) deflation (3) recession (4) economic stagnation

Last Answer : (1) inflation Explanation: Deficit financing is a practice in which a government spends more money than it receives as revenue, the difference being made up by borrowing or minting new funds ... increasing the money supply and the purchasing power of the people which increases the aggregate demand.

What happens when there is a demand deficiency in an economy? (1) Poverty (2) Stagnation (3) Recession (4) Inflation

Description : What happens when there is a demand deficiency in an economy? (1) Poverty (2) Stagnation (3) Recession (4) Inflation

Last Answer : (2) Stagnation Explanation: Deficient demand refers to the situation when aggregate demand for goods and services falls short of aggregate supply of output which is produced by fully employing ... which both capital and labor are redundant relative to the opportunities for employing them profitably.

Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilization - (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : (3) is a measure of the proportional of the existing capital stock used for current production. Explanation: Capacity utilisation refers to the extent or level to which the productive capacity of a ... as a percentage, it is computed by dividing the total capacity with the portion being utilized.

8. Immediately after a trough, we would expect to have a/an a. peak b. recession c. recovery

Description : 8. Immediately after a trough, we would expect to have a/an a. peak b. recession c. recovery

Last Answer : c. recovery

The phase of gradual fall in income, output and employment is a. Boom b. Recession c. Depression d. Recovery

Description : The phase of gradual fall in income, output and employment is a. Boom b. Recession c. Depression d. Recovery

Last Answer : b. Recession Boom, recession, depression and recovery are the phases of a business cycle. In this phase, business activity is in low gear.

Stagflation is a situation of (1) stagnation and deflation (2) stagnation and recession (3) stagnation and inflation (4) stagnation and recovery

Description : Stagflation is a situation of (1) stagnation and deflation (2) stagnation and recession (3) stagnation and inflation (4) stagnation and recovery

Last Answer :  stagnation and inflation

When too much money is chasing too few goods, the situation is (1) deflation (2) inflation (3) recession (4) stagflation

Description : When too much money is chasing too few goods, the situation is (1) deflation (2) inflation (3) recession (4) stagflation

Last Answer : inflation

Beyond a certain point deficit financing will certainly lead to (1) inflation (2) deflation (3) recession (4) economic stagnation

Description : Beyond a certain point deficit financing will certainly lead to (1) inflation (2) deflation (3) recession (4) economic stagnation

Last Answer : inflation

What happens when there is a demand deficiency in an economy? (1) Poverty (2) Stagnation (3) Recession (4) Inflation

Description : What happens when there is a demand deficiency in an economy? (1) Poverty (2) Stagnation (3) Recession (4) Inflation

Last Answer : Stagnation

Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital stock used for current production. (4) rises as the economy moves into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Description : Capacity utilisation (1) is usually near 100 percent. (2) represents the percent of the labour force that is employed. (3) is a measure of the proportional of the existing capital ... into a recession, since firms must replace unemployed workers with some other resources to maintain production.

Last Answer : is a measure of the proportional of the existing capital stock used for current production.

How is Nominal GDP is measured in?

Description : How is Nominal GDP is measured in?

Last Answer : Need answer

Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.

Last Answer : C. The total value of goods and services measured at current prices

Economic growth can be measured by ___________. A. the CPI. B. the CBI. C. GDP. D. MPC.

Description : Economic growth can be measured by ___________. A. the CPI. B. the CBI. C. GDP. D. MPC.

Last Answer : C. GDP.

Nominal GDP is measured in ………………..prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Description : Nominal GDP is measured in ………………..prices (a) Base year ; (b) Current year ; (c) 1980 ; (d) 2000

Last Answer : (b) Current year ;

Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Last Answer : (c) The total value of goods and services measured at current prices

What type of weathering is thermal heat expansion and contraction?

Description : What type of weathering is thermal heat expansion and contraction?

Last Answer : Feel Free to Answer