orno? n which.category or why.not acsaatind Bplant Nissan builds a new automobile plant in the U.S.Yc Delta Airlines sells one of its existing jets to Southwest.N Ms.Moneybags buys existing shares of GM stock.N
General Motors produces too many cars for 2019. The cars do not sell this year, so the dealer adds An American buys a bottle of French perfume in Paris._ g. the surplus cars to inventory.YpO Define the labor force,employment, and unemployment. What is the key characteristic of people who
rate? Describe the different kinds of unemployment according to their causes and duration frictional, structural, cyclical and natural unemployment. Draw the business cycle diagram. Identify 4 sections of the business cycle, the growth trend line,and the unemployment and inflation gaps. 7. Describe what physicacapital, human capital, technology,and natural resources contribute to long-run economic growth of aggregate output? Consider the contrasting cases of an advanced nation and a developing nation. Questions for 15 points each.DO BOTH OF THEM. Round answers to 2 decimal points. Plot the Productivity graph with the following data Real GDP per worker $80,000 $100,000 $125,000 Physical Capital per $50,000 $75,000 $100,000 worker What other factors are held fixed? Does this country exhibit diminishing returns to physical capital per worker? Calculate the Marginal Products of Capital to prove your answer. b.. Assume an increase in human capital doubles the output per worker at every level of capital. Draw the new Productivity curve on your diagram. 2. A student must purchase 2 Economics,1 Accounting,and 1 Math textbook each year.With the following prices, calculate a price index number for each year, using 2017 as the base year. What is the percentage change in the price index from 2017 to 2018? What is the percentage change in the price index from 2018 to 2019? 2017 2018 2019 Economics book $200 $210 $220 Accounting book $240 $275 $300 Math book $150 $180 $200 Total expenditure CPI
