i need it after 15hour easy HW ecn211_chapter_7_worksheet_op.docx - i need it after 15hour easy HW ecn211_chapter_7_worksheet_openstax Chapter 6

# I need it after 15hour easy HW ecn211_chapter_7_worksheet_op.docx

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i need it after 15hour easy HW ecn211_chapter_7_worksheet_openstax.docx Chapter 6 Worksheet ECN211 Activity 1– Introduction to the Macroeconomic Perspective 1. What is the focus of Macroeconomics ? Give some examples of Macroeconomic-focused questions.
2. What are the three Macroeconomic goals? 3. Discuss the framework of Macroeconomics- what model does it use to explain changes in GDP, unemployment, and the price level? 4. Compare and contrast the two main policy tools that Macroeconomists and policymakers can use to help achieve the macroeconomic goals. Activity 2– Measuring the Size of the Economy: Gross Domestic Product
5. Define Gross Domestic Product (GDP). 6. From the demand-side of GDP, state the four GDP components, the value of these components for the US in 2014, and the percentage that it makes up of total GDP. Give an example of a good from each category. 7. From the supply-side of GDP, state the five GDP components, the value of these components for the US in 2014, and the percentage that it makes up of total GDP. Give an example from each category.
8. What is the problem of double counting when calculating GDP, and what does it imply about counting intermediate goods vs. final goods and services? 9. What else is not counted in GDP calculations? 10. Contrast
Gross National Product (GNP) from GDP. 11. Contrast Net National Product (NNP) from GNP. 12. What is National Income ?
Activity 3– Measuring the Size of the Economy: Gross Domestic Product 13. What is the difference between nominal value and real value ?

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