- Short Answer/Essay( 40 points ) Give a clear, concise answer to the following.
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- Short Answer/Essay( 40 points ) Give a clear, concise answer to the following. Label any p .( Hpts) U.S. GDP for 2013 includes which of the following activities/transactions? Ched each a nswer. a 2013 .2015 construction projects in NJ that rebuild the infrastructure after burricane Samde b. Sam purchases Rooibos tea from South Africa _ c. The government outlays for transfer payments that year d·The sales of Microsoft stock in 2013 -e. Child-care services provided by a licensed center in 2013 f. George buys locally grown sweet corn at Fresh Acres Maries g. Free childcare provided by retired grandparents 2(6pts) At the natural rate of unemployment, some unemployment still exists. Indicate the specific unemployment that occur when the actual rate of unemployment equals the natural rate of unemploy-whE unemplovment has been eliminated? unemployment ue r he acate of unemployment emet 3.(10pts) What is a business eyele? Explain the2 phases/periods in a typical business cycle [What is oscurring in And what are the 2 turning points? [Label any diagram used.]Explanation / Answer
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