Forums Economics Assignment Help MyEconLab Explain the influence of the following events on the quantity of real GDP

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    nammy
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    1. Explain the influence of each of the following events on the quantity of real GDP supplied and aggregate supply in India and use a graph to illustrate.

    • U.S. firm moves their call handing, IT, and data functions to India.
    • Fuel prices rise.
    • Wall-Mart and Starbucks open in India.
    • Universities in India increase the number of engineering graduates.
    • The money wage rate rises.
    • The price level in India Increases.

    2. Labor productivity is rising at a rapid rate in China and wages are rising at a similar rate. Explain how a rise in labor productivity and wages in China will influence the quantity of real GDP supplied and aggregate supply in China

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