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Feb 20, 2024
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Which scenario is relying on visualization techniques to make large numbers more manageable? O O O O A judge compares total crimes this year to those of the past few years. A high school teacher wants to show her students how big the military budget is by comparing it to the size of the economy. A politician breaks down the new $60 billion budget into what that will cost each person. A movie director has her actors fill a garage with the money they made to show the workers how successful the last movie was.
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Related Questions
March is Women's History Month and March
8 is International Women's Day. On your own,
find out about how this celebration got
started.
Next, use this website to learn about a
woman in history whom you have not heard
of before now. Without plagiarizing from the
website--that is, use all your own words--
write us a short letter of about 100 words
(Begin with Dear Friends in ENG 100 and Dr.
Fisher:) to tell us about three facts about this
woman and to describe, specifically, why you
find her story remarkable and inspiring.
arrow_forward
The economic activity of a country is often quantified as the gross domestic product (GDP), which is the sum of private and government consumption, investments, and net exports (the value of exports minus the value of imports). For a developed country such as the United States, economists might see a GDP growth rate of 3% a year as reasonable. However, production and consumption create some pollution. By how much would pollution per dollar of GDP have to decline for pollution levels 50 years from now to be the same as current levels, assuming a 3% annual growth rate of GDP? In 75 years? In 100 years? (Hint: Let the current pollution level be 1 and find out what the future pollution level would be).
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1)How do markets to Shifts in the Demand and / or the Supply curve.What is the difference between a movement along a specific demand curve or supply curve and a shift of that demand or supply curve. Provide an example using the recent Corona Virus situation.
2) What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing?
Question 3:Why did the Fed switch from increasing Federal Reserve target rates from Dec 2015 to Dec 2018 to reducing interest rates in August 2019?
Question 4.Economists often say that trade is a win-win situation. How do you justify this?
Why might well-educated economists disagree on appropriate public policy in some situations?Explain some policy options that the US and other countries are considering or implementing in terms of the Corona Virus crisis.
6. Carefully distinguish between an economic theory and economic model. What is the role of value…
arrow_forward
1. You have been hired as a consultant for the City of Los Angeles. City planners need to
understand population data and use the data to predict the population in the future. Having a
good estimate of the city's population helps the planners decide how much money will be
needed for city maintenance and services, and helps local officials anticipate the needs for
housing, school and other construction, and much more. Your work begins with finding the
population of Los Angeles in the United States Census for 1920 to 2010. The U.S. Census Bureau
data for the City of Los Angeles 1920-2010 appears in table below.
Year
Actual
Population using
Population using
Quadratic Model
Population using
Exponential Model
х, уears
since
Population
Linear Model
1920
1920
576,673
10
1930
1,238,048
20
1940
1,504,277
30
1950
1,970,358
40
1960
2,479,015
50
1970
2,816,061
60
1980
2,966,850
70
1990
3,485,398
80
2000
3,694,820
90
2010
3,792,621
a. One way to model the population is with a linear function, y = mx…
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Country D and Country E both recorded an increase in real GDP of 4 percent per year from 1997 to 2012. During this time, the population for Country D
grew at 3 percent per year and the population for Country E grew at 2 percent. Which of the following is true during this period?
Multiple Choice
Per capita GDP decreased for Country E only.
Per capita GDP increased for both Country D and Country E.
Per capita GDP decreased for both Country D and Country E.
Per capita GDP increased for Country D only.
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Asap pls
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Fill in the blank using the number that corresponds to the correct word or phrase:
1. 2 percent
2. fall
3. production possibilities curve
4. real GDP per person
5. greater
6. right
7. rise
8.
An economy's output per capita equals
We use
as a gauge of an economy's material standard of living
If, for example, population increases by 2%, then real GDP would have to rise by
to maintain the current level of output per capita. If real GDP rises by less
than 2%, output per capita will
. If real GDP rises by more than 2%, output
per capita will
For economic growth to translate into a higher standard of living on average, economic growth must
be
than population growth
Economic growth can be defined as the process through which an economy achieves an outward
shift in its
To produce its potential level of output, an economy must operate on its
In the framework of the macroeconomic model of aggregate demand and aggregate supply, we show
in the long-run aggregate supply curve.
economic growth as a…
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Grant formula,
3 and 4 please, thank you!!!
arrow_forward
How can you explain that the per capita GDP has been almost multiplied by three from 1820 to 1913 but it increased only by 60% in the Ottoman Empire?
arrow_forward
K Consider the following data: Country A B C Population (millions) 11 20 4 B C What is the per capita real GDP in each of these countries (Enter each response rounded to the nearest integer)? Country Per Capita Real GDP $6,500 Real GDP ($ billions) 52 59 75 $
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer.
Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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We live in a world where computers and other items of technology seem to get ever cheaper to produce. Such technology is important in the production of a vast range of consumer goods. We wish to analyse the impact of this phenomenon on two key pieces of economic data.
The main impact of the decreasing cost of technology is that (select from consumption/investment/government spending/exports/imports/economy-wide production costs/wage costs) would (Select increase/decrease)
This would shift the (Select one from the picture attached) which (Select: Increse or decreases the price level) and (Select: increases or decreases GDP)
Suppose that the economy is now away from long run equilibrium (GDP is above Yf). The way that the economy adjusts back to equilibrium is that (Select: interest rates/the exchange rate/factor prices such as wages/governement spending) (Select: Increases/decreases). This shifts the (Select one from the picture attached)
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Richland's real GDP per person is $30,000, and Poorland's real GDP per person is $15,000. However, Richland's real GDP per person
is growing at 1 percent per year, and Poorland's is growing at 3 percent per year. Compare real GDP per person in the two countries
after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland?
Instructions: Enter your responses as whole numbers.
GDP per person after 10 years.
GDP per person
Richland
GDP per person after 20 years
$
Poorland
$
$
Poorland will catch up to Richland in (Click to select)years.
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Problem 2
Assume that total output is determined by the formula: Total Output = Number of Workers x Productivity
(a) If the workforce is growing by 1 percent a year but productivity doesn’t
improve, how fast can output increase?
(b) If productivity increases by 3 percent and the number of workers increases by 1 percent a year, how fast will output grow?
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Let say you have 3 products: cake, candy, and bread. The revenue per cake is $8. The revenue per candy is $4. The revenue per bread is $5. Define the number of cake, candy, and bread you are about to produce per day as x, y, and z respectively. It takes 8 gram of sugar to produce a cake, 13 gram of sugar to produce a candy, and 5 gram of sugar to produce bread. The total amount of sugar available per day is 300 gram. What is the correct linear constraint to show the limit on the amount of sugar you can use per day?
Group of answer choices
8x + 13y + 5z ≤ 300
8x + 5y + 13z ≤ 300
5x + 8y + 13z ≤ 300
5x + 13y + 8z ≤ 300
arrow_forward
Richland's real GDP per person is $5,000, and Poorland's real GDP per person is $2,500. However, Richland's real GDP per person is
growing at 2 percent per year, and Poorland's is growing at 4 percent per year. Compare real GDP per person in the two countries
after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland?
Instructions: Enter your responses as whole numbers.
GDP per person GDP per person after 10 years
Richland
$
Poorland
$
Poorland will catch up to Richland in (Click to select)
GDP per person after 20 years
$
$
years.
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Could you solve d, e, and f please?
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50
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The Circular Flow Model with Government is another
important model for students to understand.
Please explain what the model shows us.
List and explain the characteristics of each component – be very thorough and provide plenty of detail! You
must have at least 4 characteristics for each component.
Thoroughly explain how each component of the
model interacts with the other components – be very thorough – this requires lots of detail! Explain how all of the sectors and markets interact with each other. You can do this as part of your answer to part ( b) if you like but understand that this will require significant detail!
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In the circular flow diagram, households get their ability to pay for their consumption
expenditures from the
revenues they receive for their products.
costs they incur for resources.
incomes they earn for their resources.
goods and services they get in the product markets.
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Just drawing a blank. Don't you divide 1.3 million by 5 million and then multiple by 100?
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Can you please help me?
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Could you solve e, f, and g please?
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science
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H10.
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a. If “everyone used to be poor,” then how did some ancient civilizations afford to create massive buildings such as the pyramids of Egypt and the Buddhist statues of Afghanistan?
"Everyone used to be poor" is a general statement regarding economic history with some notable exceptions, namely the civilizations that produced these monuments.
Ancient civilizations lasted for hundreds of years. The political stability afforded by such longevity outweighed the lack of wealth these civilizations had.
Ancient civilizations usually operated under a single ruler, allowing for more efficient allocation of resources than under decentralized power structures such as democracy or competitive markets.
Civilizations that controlled many poor people could concentrate their limited wealth and labor resources toward one giant project.
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Q2 When things are traded in a market, or embedded in government tax statistics, they are
relatively easy to measure. Many of our measurement difficulties arise precisely because
some of the most valuable things are not easily measurable. Gross Domestic Product (GDP)
casily captures the output of washing machines, but not of happiness, health or
environmental depreciation. Since we do not buy and sell clean air or moderate
temperatures in a marketplace, governments are not automatically collecting statistics for
use in national accounts data.
People who visit France quickly leam that the French have a good quality of life, better than
you would expect simply by looking at their GDP. They enjoy a nice climate, long lunches,
access to Mediterranean beaches and little congestion since they have plenty of land in
relation to their population. They also retire at a relatively young age and, having long life
expectancy, spend plenty of happy years in retirement. Their GDP statistics are…
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A fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they dont like the taste. From an economic perspective, the company should
keep the hamburger on the menu because they have spent so much money and time developing and promoting the product.
spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time.
pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost.
keep trying to sell the hamburger so that people who developed and promote it have a job with the company.
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Which of the following statements is true?
Select one:
a.Wealthy countries tend to score highest on the "least corrupt" scale.
b.Poor countries are likely to remain poor because when one country's economy grows, it is at the expense of some other country's economy.
c.Poor countries are poor because they lack resources.
d.The pursuit of economic growth harms children by encouraging child labour industries and discouraging school attendance.
In general, countries which are less corrupt by most international measures
Select one:
a.experience higher long term growth rates.
b.have higher short term growth rates but are no different in the long run.
c.have growth rates similar to more corrupt countries.
d.are poorer than countries with higher levels of corruption.
As GDP per person rises
Select one:
a.the number of children per family tends to fall.
b.environmental quality falls and continues to fall.
c.the incidence of child labour rises.
d.the economy shifts towards more labour…
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Which would likely increase the average level of interest rates for auto loans? Select one:
a. An increase in inflation.
b. An increase in the unemployment rate.
c. A decrease in the level of business investment.
d. A decrease in the amount of consumer spending.
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Can u help please
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Each year, AT&T loses 1% of its customers to Verizon and 1% of its customers to T-Mobile. In that same span, Verizon loses 2% of its customers to AT&T and 1% to T-Mobile. T-Mobile loses 3% of its customers
to AT&T and 2% to Verizon. If these trends continue, what share of the market will each company have long-term?
In your written work, show your transition matrix and either show the work to solve by hand or explain how you used your calculator to get your final result.
In the space below, answer the question (market share) in complete sentences. Give the market share as percentages rounded to 1 decimal place.
B
EE
3
a
I
U
Ꭶ T
E
E
=
X₂
X
Insert Formula
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Related Questions
- March is Women's History Month and March 8 is International Women's Day. On your own, find out about how this celebration got started. Next, use this website to learn about a woman in history whom you have not heard of before now. Without plagiarizing from the website--that is, use all your own words-- write us a short letter of about 100 words (Begin with Dear Friends in ENG 100 and Dr. Fisher:) to tell us about three facts about this woman and to describe, specifically, why you find her story remarkable and inspiring.arrow_forwardThe economic activity of a country is often quantified as the gross domestic product (GDP), which is the sum of private and government consumption, investments, and net exports (the value of exports minus the value of imports). For a developed country such as the United States, economists might see a GDP growth rate of 3% a year as reasonable. However, production and consumption create some pollution. By how much would pollution per dollar of GDP have to decline for pollution levels 50 years from now to be the same as current levels, assuming a 3% annual growth rate of GDP? In 75 years? In 100 years? (Hint: Let the current pollution level be 1 and find out what the future pollution level would be).arrow_forward1)How do markets to Shifts in the Demand and / or the Supply curve.What is the difference between a movement along a specific demand curve or supply curve and a shift of that demand or supply curve. Provide an example using the recent Corona Virus situation. 2) What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing Corona Virus Crisis? What is a clear indication that the GDP will be decreasing? Question 3:Why did the Fed switch from increasing Federal Reserve target rates from Dec 2015 to Dec 2018 to reducing interest rates in August 2019? Question 4.Economists often say that trade is a win-win situation. How do you justify this? Why might well-educated economists disagree on appropriate public policy in some situations?Explain some policy options that the US and other countries are considering or implementing in terms of the Corona Virus crisis. 6. Carefully distinguish between an economic theory and economic model. What is the role of value…arrow_forward
- 1. You have been hired as a consultant for the City of Los Angeles. City planners need to understand population data and use the data to predict the population in the future. Having a good estimate of the city's population helps the planners decide how much money will be needed for city maintenance and services, and helps local officials anticipate the needs for housing, school and other construction, and much more. Your work begins with finding the population of Los Angeles in the United States Census for 1920 to 2010. The U.S. Census Bureau data for the City of Los Angeles 1920-2010 appears in table below. Year Actual Population using Population using Quadratic Model Population using Exponential Model х, уears since Population Linear Model 1920 1920 576,673 10 1930 1,238,048 20 1940 1,504,277 30 1950 1,970,358 40 1960 2,479,015 50 1970 2,816,061 60 1980 2,966,850 70 1990 3,485,398 80 2000 3,694,820 90 2010 3,792,621 a. One way to model the population is with a linear function, y = mx…arrow_forwardCountry D and Country E both recorded an increase in real GDP of 4 percent per year from 1997 to 2012. During this time, the population for Country D grew at 3 percent per year and the population for Country E grew at 2 percent. Which of the following is true during this period? Multiple Choice Per capita GDP decreased for Country E only. Per capita GDP increased for both Country D and Country E. Per capita GDP decreased for both Country D and Country E. Per capita GDP increased for Country D only.arrow_forwardAsap plsarrow_forward
- Fill in the blank using the number that corresponds to the correct word or phrase: 1. 2 percent 2. fall 3. production possibilities curve 4. real GDP per person 5. greater 6. right 7. rise 8. An economy's output per capita equals We use as a gauge of an economy's material standard of living If, for example, population increases by 2%, then real GDP would have to rise by to maintain the current level of output per capita. If real GDP rises by less than 2%, output per capita will . If real GDP rises by more than 2%, output per capita will For economic growth to translate into a higher standard of living on average, economic growth must be than population growth Economic growth can be defined as the process through which an economy achieves an outward shift in its To produce its potential level of output, an economy must operate on its In the framework of the macroeconomic model of aggregate demand and aggregate supply, we show in the long-run aggregate supply curve. economic growth as a…arrow_forwardGrant formula, 3 and 4 please, thank you!!!arrow_forwardHow can you explain that the per capita GDP has been almost multiplied by three from 1820 to 1913 but it increased only by 60% in the Ottoman Empire?arrow_forward
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Economics
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