. Distinguish between nominal GDP and real GDP?

Q: Define the basic terms in economics based on the pictures.

A: The photographs in the question is related to basic economic terms, which are as under.

Q: The labour force participation rate is the Proportion of population that is working

A: To find : What is labor force participation 

Q: You are given the following long-run cost function: TC = 200Q - 25Q2 + 1.5Q3 What level of Q will ec...

A: Here the firm's total cost=TC = 200Q - 25Q2 + 1.5Q3 here the total fixed cost-TFC=0 (since this is a...

Q: The social exclusion approach implies that:   a. people who are anti-social are anti-poor and hinder...

A: Social exclusion is a multi-faceted and complex process. This means lacking or being denied resource...

Q: Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.0...

A: Given  Price of beer (Pb)=$6 Price of pretzels (Pp)=$3 Pretzels are on x-axis and beer is on y axis....

Q: The primary focus of energy economics is how: Group of answer choices a-Energy produ...

A: "Correct option c."

Q: Using an appropriate diagram, explain how a perfectly competition firm achieves profit- maximising o...

A: The structure of the market where there exist many firms who sell homogenous goods to many buyers wi...

Q: Russia has raised the policy rate to 20%. Use a theory of exchange rate determination to explain the...

A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison t...

Q: Two weeks later your mom loses her credit card at the grocery store. What can an identity thief do w...

A: Credit card is the plastic money through which you can buy things at the moment and pay later.

Q: 1) Lorenz curve show the inequality in income distribution but it does not show a) the debts involv...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: Show that the Cobb – Douglas production function f(x,,x, )= Axx , with 0 0, x, > 0.

A: Given information Cobb-Douglas production functionf(x1,x2)=Ax1αx2βWhere 0<α,β<1and α+β<1Whe...

Q: A. Quotas also have a redistributive effect if the fall in supply due to important restrictions enab...

A: Introduction Both A and B are true When import quotas has imposed then it has a redistributive effec...

Q: 3. A perfectly competitive individual firm operates in a constant cost industry and produces a level...

A:

Q: Calculate the capitalized cost of a project th- has an initial cost of P3,000,000 and an addition co...

A: Given informations: Initial cost = P3,000,000 Additional cost at every 10 years = 1,000,000  Operati...

Q: What policies and institutions have been created to aid developing countries?

A: There is free entrepreneurship in a market economy protected by private property rights and laws. A ...

Q: With reference to the discounted cash flow model for determining stock prices, cafrefully explain ho...

A: Discounted Cash Flow  DCF=CF11+r+CF21+r2 + ......+ CFn(1+r)n DCF= Discounted cash flow CF= Cash flow...

Q: method when the price of the pizza falls from $ 10 to $9, what is the percentage change in price?

A: To find : What is the percentage change in price. 

Q: Additional labor productivity would be equivalent to    a.marginal productivity of the worker.  b. e...

A: Additional labour productivity means how much addition is made to the total product when one additio...

Q: When the law of diminishing returns takes effect   a. a firm must always try to add the same amou...

A: The Law of diminishing returns is a short-run concept.  It states that in the short run, when one fa...

Q: conomic Development does not include or tackle   a. schemes of taxation. b. a firm's costs options. ...

A: Economic development is the process of creating wealth for the benefit of the community. It's more t...

Q: Given demand function of the orange market P = 153 - 2Qp. You sell oranges at the price TK85. What i...

A: Given: P=153-2Qd Price=TK85

Q: 4. The market for Woozle used to be perfectly competitive, but then Woozlesoft Inc. monopolized prod...

A:

Q: Question 6 The president of the World Bank has asked you to calculate the average per capita GDP gro...

A: Growth rates refer to the percentage change of a specific variable within a specific time period. Fo...

Q: percent in 1989 to 11.4 percent in 1993 is Multiple Choice corporate restructuring change in employm...

A: Although the US government began recording unemployment in the 1950s, estimates of past unemployment...

Q: Suppose workers in Canada and the United States can produce either baseball bats or hockey sticks. O...

A: here we calculate the price by the following method as follow;

Q: Which of the following refer to duties and taxes imposed by the government on the goods imported fro...

A: Tariff barriers Option 3rd is correct. Tariff barriers refer to the tax imposed by the government on...

Q: (1) Suppose the production function is instead y3ga+ɛ, where g > 0 indicates the productivity of a p...

A:  

Q: Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the comp...

A: Marginal cost is the change in total cost due to a change in output by a unit. 

Q: A competitive labor market offers traineeship programs. During the training, employees of type 1 wil...

A: The equilibrium compensation and work level are resolved where the market demand for labor rises to ...

Q: The prices of inputs x1; x2; x3; x4 are p1 = 2; p2 = 2; p3 = 5; and p4 = 2. If the production fun...

A: Let us say, A = min {x1, x2} and B = min{x3, x4}. Then, the production function looks like A + B. So...

Q: In 2019 and in 2020, consumers in Dexter purchased only books and pons 2019 2020 The prices and quan...

A: Consumer Price Index is the weighted average price of a market basket of consumer goods and services...

Q: constant. nterest rate, r

A: The national bank for the United States-the Federal Reserve (the Fed)- is entrusted with keeping a p...

Q: In the Malthusian model, the population growth rate is O A. assumed to be constant. O B. not related...

A: Malthusian model is also called exponential growth model. 

Q: Part I Given that the marginal cost (mc) to manufacture an Iphone per day is represented by the fun...

A: Answer - "Thank you for submitting the questions .But, we are authorized to solve one question at a ...

Q: Auto Volta are planning to launch an import line of electric batteries and electric chargers going i...

A: International commerce enables countries to extend their markets and gain access to commodities and ...

Q: i. What can you say about the cross-elasticity of demand between petrol and car markets? XED = 0 1> ...

A: Answer -

Q: Last month Jem purchased $10.200 of US Treasury bonds (their face value was $10,.200). These bonds h...

A: Bond valuation is a technique for determining the theoretical fair value of a particular bond. Bond ...

Q: Which projects are worth funding if the market interest rate is 8%? Project |Cash Cash inflows Annua...

A: Here, four projects for  investment is given with their inflow and outflow of cash and their annuali...

Q: Which of the following can be a binomial random variable (select all that apply)? Number of heads in...

A: A binomial random variable counts how often a particular outcome occurs when there are a fixed numbe...

Q: Question: What are the equations for measuring return and risk?

A: Return and risk help us choose which investments to undertake. Returns are calculated based on the i...

Q: We have recurring positive cash flows of $7500 every year from period 5 through period 10 (relative ...

A: Answer:- $30518  

Q: Consider "Providing a Public Good under Incomplete Information" (refer to pages 70-74, lecture notes...

A: Given information There are 2 consumer C1 and C2 C1 has 2 strategy and C2 has 2 strategy 2 public go...

Q: Most countries today have subsidised the provision of education. Consider an imaginary country, Gond...

A: The forces of demand and supply determine the equilibrium price and quantity of an item sold in a co...

Q: In your country, the demand curve of a litre of petrol is given by: P = 107 - 5QD. Due to political ...

A: Elasticity is a measure of the sensitivity of one variable with another, often calculated as the per...

Q: Look at the tables below. Maximum Price Minimum Person Person Willing to Pay Acceptable Price Bob $2...

A: * SOLUTION :-  (17) Asp per guidelines I answered first three sub parts only please repost other one...

Q: If monopoly power is NOT protected by governments,

A: To find : What happens if monopoly power is not protected by government. 

Q: For a consumer, her demand for one of the products is given by x1 = 0.05m-4p. Her income is $420 and...

A:

Q: D. Q, Quantity (bags) Quantity (bags) Instructions: Round your answers to two decimal places. a. Wha...

A:

Q: What is the future worth of P600 deposited at the end of every 4 months for 4 years if the interes...

A: GIVEN   C = 600 i = 12% n = (12/4)*4 =12

Q: Lorenz curve show the inequality in income distribution but it does not show    a. the debts involve...

A: The Lorenz curve is frequently accompanied with a straight diagonal line with a slope of 1, which in...