Which of the following would NOT be included in Australia's GDP?

Which of the following statements about structurally unemployed job seekers is true?

Crowding out is the tendency for increased government deficits to:

Suppose a study comes out that finds running is the best way to improve your cardiovascular health. At the same time, a surge in oil production sees the price of synthetic rubber drop.

Which of the following graphs reflects these impacts on the

market for running shoes?

In a two-sector economy the aggregate household saving function is given by S=-80+0.5Y and planned investment is 120. If autonomous saving by households increases by 20, what is the effect on equilibrium output?

The following table shows the investment and output options for an individual business.  Employment of labour and technology is assumed to be constant.

The business operates in competitive product and factor markets. Its output sells for $100. The price of a new machine is $4,000, the nominal interest rate is 10%, inflation is 2%, and the depreciation rate is 1%. How many machines will the business choose to invest in?  Use decimals for inflation, interest rates and the depreciation rate when calculating the user cost of capital.

In Macroland, potential GDP equals $20.8 billion and real GDP equals $20 billion. Macroland has a _________ gap equal to _____ % of potential GDP.

According to Okun's law, when cyclical unemployment is positive, then the output gap:

The following table shows the investment and output options for an individual business.  Employment of labour and technology is assumed to be constant.

The business operates in competitive product and factor markets.  Its output sells for $5 per unit.  The price of a new machine is $200. Machines depreciate at a rate of 3 percent and the real interest rate is 2 percent. How many machines will the business choose to invest in?