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- Mr Adam was purchasing 1 kg daal and 6 kg rice. This week Mr Adam is purchasing 2 kg daal and 5 kg rice. What can you conclude from the given information? Discuss all conclusions in detail.Explain how a severe drought in a country whose main activity is agriculture can affect: The gross domestic product of that country The unemployment rate The price index of agricultural productsCommunication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Equipment Components From Equipment 6,200 400 Components 25,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $81,000 million of communication equipment and $89,000 million of electronic components. Round answers to two significant digits.
- Personal income PI is Select one: a. All income received by households b. All income earned by households minus personal taxes c. All income received by households minus personal taxes d. None of the answers are correct e. All income earned by householdsExplain the definitions assumed by the table and cite specific figures in the table to explain the middle-income trap. (b) Explain the causes of the middle-income trap according to Arias and Wen.This is an exercise depends on the statement below: During covid-19 pandemic, there is a household (s) that requested financial assistance from the government and private institutions, to support their housing expenses. What do you think? Why they needs financial assistance?
- Measuring Economic Performance (chapter 11) 2. Adam's Ribs in downtown Chicago buys $10,000 worth of beef ribs, $25,000 worth of pork ribs, and $8,000 worth of napkins each month. Are these purchases included in the calculation of gross domestic product? Explain your answer. be creative work- It is reported in the news that the Malaysian Government will continue to focus on reducing the country's poverty rate, particularly, following the Covid-19 outbreak. The pandemic has affected people’s livelihood, resulting in rising incidence of poverty. Since (the poor) and (the needy) are two of the eight categories of asnaf (zakat recipients), zakat authorities need to increase the amount of zakat and sadaqah collections to address the rising incidence of poverty. With the use of specific examples, suggest and explain in detail 3 (THREE) strategies that the zakat authorities could implement to increase the collections of contributions.CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d. 1st statement is FALSE, 2nd is TRUE STATEMENTS: 1. Agriculture can only make a good economic activity for LDC’s. 2. Agriculture seems to reinforce existing income inequalities.
- 3-The public welfare spending category for state and local governments includes Group of answer choices many programs that are initiated by private foundations. contributions in support of public universities. some federal programs that are administered by state and local governments. All of the above are correct. 3.1-The amount of income tax owed by a family is Group of answer choices not simply proportional to its total income. unaffected by deductions. total income minus tax credits. a constant fraction of income.Communication Equipment Two sectors of the U.S. economy are (1) audio, video, and communication equipment and (2) electronic components and accessories. Suppose in 1998, the input-output table involving these two sectors was as follows (all figures are in millions of dollars). To Equipment Components From Equipment 6,000 500 Components 23,000 32,000 Total Output 90,000 140,000 Determine the production levels (in dollars) necessary in these two sectors to meet an external demand for $79,000 million of communication equipment and $91,000 million of electronic components. Round answers to two significant digits. equipment $ millions components $ millionsUse the information in the table below to answer Q.3.1 to Q.3.3:GDP at market prices R397bnNet primary income payments to the rest ofthe worldR37bnIndirect taxes R23bnSubsidies R11bnConsumption of fixed capital R32bn Q.3.1 Calculate the value of gross national income (GNI) at market prices