The reasons to study economics include which of the following?

Refer to Table 2. In this economy, an expansion existed around the ________.

By not counting the value of intermediate goods when calculating GDP, you avoid ________.

Essay Question 2.b Refer to Table 4. Assume year 2 is the base year (that means the price in year 2 is the constant price). Compute this economy’s real GDP in years 1.

The government wants to discourage consumer spending through raising income taxes. This is an example of ________.

If the price index in 2017 is 132 and the price index in 2018 is 114, the rate of inflation between 2017 and 2018 is ______________. 

The study of how benefits are determined for city employees would be considered

An increase in net taxes will 

Essay Question 2.c Refer to Table 4. Assume year 2 is the base year (that means the price in year 2 is the constant price). Compute this economy’s real GDP in year 2.

Sarah wants to make an 8% real return on a loan that she is planning to make, and the expected inflation rate during the period of the loan is 5%. She should charge a nominal interest rate of _________________________.