Question : 51) When the value of nominal GDP increases from one : 1238425

Economics

51) When the value of nominal GDP increases from one year to the next, we know that one or two things must have happened during that time:

A) The nation produced fewer goods and services and/or prices fell for goods and services.

B) Consumption expenditure increased and/or corporate profits increased.

C) Investment increased and/or payments to employees increased.

D) The nation produced more goods and services and/or prices rose for goods and services.

E) the value of real GDP must have increased and/or the price level must have decreased.

52) If nominal GDP increases from one year to the next, then

A) production must have increased.

B) production could have increased, decreased, or stayed the same.

C) prices must have increased.

D) prices and production must both have increased.

E) prices and production must both have decreased.

53) Which of the following statement is correct?

A) If nominal GDP increases, then real GDP must increase.

B) If nominal GDP decreases, then real GDP must increase.

C) If real GDP decreases, then nominal GDP must decrease.

D) Nominal and real GDP can change either in the same direction or the opposite direction.

E) If nominal GDP does not change, then real GDP cannot change.

54) If nominal GDP increases this year, then real GDP

A) must decrease.

B) must increase.

C) must not change.

D) could increase, decrease, or not change.

E) could either increase or not change but cannot decrease.

55) Bobby was researching the economic growth of a country between 2006 and 2011. Using 2006 as the base year, he calculated a twelve percent increase for real GDP and a ten percent increase for nominal GDP. His results indicate that

A) he made an error when calculating nominal GDP.

B) the quantity of goods and services produced decreased over the period.

C) the quantity of goods and services produced increased and prices decreased over the period.

D) the quantity of goods and services produced and prices both decreased over the period.

E) the quantity of goods and services produced did not change and prices decreased over the period.

56) If real GDP is greater than nominal GDP for a particular year, then

A) production must have fallen between the current year and the base year.

B) production must have increased between the current year and the base year.

C) prices must have fallen between the current year and the base year.

D) prices must have risen between the current year and the base year.

E) prices must have fallen between the current year and the immediate past year.

57) During last year, a country produced 20,000 pizzas and 10,000 hamburgers and nothing else. The pizzas sold for $10.00 each and the hamburgers for $3.00 each. Nominal GDP was

A) $230,000.

B) $70,000.

C) $460,000.

D) $390,000.

E) $360,000.

58) The base year is 2010. A country only produces MP3 players. The price of an MP3 player in 2008 was $50. The price of an MP3 player was $30 in 2010. The quantity of MP3 players produced in 2008 was 10,000 units and in 2010 was 20,000 units. Nominal GDP in 2010 equals

A) $1,000,000.

B) $500,000.

C) $600,000.

D) $200,000.

E) an amount that cannot be determined without information about real GDP in 2010.

59) The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was $100. The price of a Blu-ray player was $90 in 2012. The quantity of Blu-ray players produced in 2011 was 10,000 units and in 2012 was 10,500 units. Nominal GDP in 2012 equals

A) $900,000.

B) $945,000.

C) $1,000,000.

D) $1,050,000.

E) an amount that cannot be determined without information about nominal GDP in 2008.

60) The base year is 2012. A country only produces Blu-ray players. The price of a Blu-ray player in 2012 was $100. The price of a Blu-ray player was $90 in 2013. The quantity of Blu-ray players produced in 2012 was 10,000 units and in 2013 was 10,500 units. Real GDP in 2012 equals

A) $900,000.

B) $945,000.

C) $1,000,000.

D) $1,050,000.

E) an amount that cannot be determined without information about real GDP in 2007 .

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July 1, 2023

Assignment 1: LASA 2— Corporate Compliance

You are a corporate compliance officer for a hospital. You are also a feature writer for The Medical Reporter, an online health magazine. The editor asks you to write an 8-10 page feature story about the steps you should take when fraud and abuse cases are reported to a facility. This is very timely as you recently received a call on your “hotline” regarding a potential fraud and abuse issue. The caller indicated that Dr. Greedy was billing for services that had not been provided. You are in danger of losing reimbursement for Medicare and Medicaid programs if this behavior is not stopped. Your feature should address the ethical and moral components that healthcare providers and healthcare facilities face with fraud and abuse issues. Your research should include the following aspects:

I. How to conduct an investigation. It should include the following elements:

a. Reviewing the initial complaint: What are the items you should look for in a compliant to determine validity?

b. Notifying the appropriate upper management of the complaint unless they are implicated in the complaint: What are the steps to take to determine who is involved?

c. Obtaining additional information as necessary and developing a plan for the investigation: What other items are important to the investigation?

d. Conducting interviews with staff, residents and/or management: Delineate the types of questions to ask in the interview.

e. Determining if the allegations are substantiated or unsubstantiated: Identify criteria to determine if substantiated or unsubstantiated.

II. How to develop a correction action plan. The plan may suggest:

a. A recommendation for a subsequent audit or follow-up to the complaint and determination of when this is necessary.

b. A recommendation to refund any overpayments to federal government, insurance company or individual payer and when that may be the best course of action.

By Saturday, August 24, 2013, deliver your assignment to the M5: Assignment 1 Dropbox.

Use the following file naming convention: LastnameFirstInitial_M5_A1.doc.

Assignment 1 Grading Criteria	Maximum Points
Discussed the process for reviewing the initial healthcare fraud and abuse complaint and the items to look for to determine validity.	36
Explained the steps to take to determine who is involved in the complaint.	32
Discussed how to obtain additional information to develop a plan for the investigation and the items, which would be important to the investigation.	32
Explained how to conduct interviews with staff, residents and/or management and the types of questions to ask in the interview.	32
Identified the criteria to determine if the allegations are substantiated or unsubstantiated.	32
Explained how to determine when a recommendation for a subsequent audit or follow-up to the complaint is necessary.	36
Discussed the best course of action when a recommendation to refund any overpayments to federal government, insurance company or individual payer is warranted.	36
Written Components: Style (8 points): Tone, audience, and word choice Organization (16 points): Introduction, transitions, and conclusion Usage and Mechanics (16 points): Grammar, spelling, and sentence structure APA Elements (24 points): In text citations and references, paraphrasing, and appropriate use of quotations and other elements of style	64
Total:	300