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- What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?This question was asked previously and i was given the wrong answers. 1.82440, 1.82803,1.83495,1.83300 are all incorrect. Daily Spot Exchange Rate, U.S. Dollars per Pound Sterling t Date Rate 1 1-Apr-04 1.8564 2 2-Apr-04 1.8293 3 5-Apr-04 1.8140 4 6-Apr-04 1.8374 5 7-Apr-04 1.8410 6 8-Apr-04 1.8325 7 9-Apr-04 1.8322 8 12-Apr-04 1.8358 9 13-Apr-04 1.8160 10 14-Apr-04 1.7902 11 15-Apr-04 1.7785 12 16-Apr-04 1.8004 13 19-Apr-04 1.8055 14 20-Apr-04 1.7914 15 21-Apr-04 1.7720 16 22-Apr-04 1.7684 17 23-Apr-04 1.7674 18 26-Apr-04 1.7857 19 27-Apr-04 1.7925 20 28-Apr-04 1.7720 21 29-Apr-04 1.7751 22 30-Apr-04 1.7744…A municipal solid-waste site for a city must be located at Site A or Site B. After sorting, some of the solid refuse will be transported to an electric powerplant where it will be used as fuel. Data for the hauling of refuse from each site to the power plant are shown in Table P2-4. If the power plant will pay $8.00 per cubic yard of sorted solid waste delivered to the plant, where should the solid-waste site be located? Use the city’s viewpoint and assume that 200,000 cubic yards of refuse will be hauled to the plant for one year only. One site must be selected.
- Assume that the U.S. interest rate is 5%, the European interest rate is 3%, and the future expected exchange rate in one year is $1.224. If the spot rate is $1.24, then the expected dollar depreciation is: -1.3%. 1.3% 0.3%. -3%.Suppose that the advance estimate for fourth quarter GDP growth is 2%. Which of the following is true? 1.It is likely that the final estimate will be higher than 2% because there are omissions in the initial numbers. 2.We will not know the final estimate until the end of the calendar year. 3.It is likely that the final estimate will be lower than 2% due to errors in the initial numbers. 4.We do not know whether the final estimate will be higher or lower than 2%.Suppose a basket of goods and services has been selected to calculate the CPI and Year 1 has been selected as the base year. In Year 1, the basket's cost was $50; in Year 2, the basket's cost was $52; and in Year 3, the basket's cost was $55. The value of the CPI in Year 3 was
- In a certain company, employees contribute to a welfare fund at the rate of 4% of the first $1000 earned, 3% of the next $1000, 2% of the next $1000 and 1% of any extra monies. How much will an employee who earned $20,000 contribute to the fund?Suppose 24% of students at Florida University are business students. Of those, 28% are Econ majors.What percent of Florida University students are Econ majors? Round your answer to three decimal places.Several years ago the Faculty of Agricultural students participated in a study a U.S. college was doing on the starting salaries of graduates from Agriculture programs in North America. Not all of our graduating students that year could take part in the study, but most of them did. Data were collected (anonymously) on their starting salary (converted to U.S. dollars using the exchange rate at the time), their GPA, whether they had taken ABIZ 390 (dummy variable; 0 = have not taken the course and 1 = have taken the course) and their gender (dummy variable; 0 = male and 1 = female). (a) what signs do you expect for the coefficients on the independent variables for the model you are asked to estimate in part (b), below? Clearly explain your reasoning for each. (b) Using the dataset below, estimate an econometric model where salary is a function of GPA, having taken ABIZ 390 and gender. Fully report your results, including interpretation of the coefficients, statistical significance of the…
- Using Table 19-1 and Table 19-2, calculate the annual, semiannual, quarterly, and monthly premiums (in $) for the life insurance policy. Round your answers to the nearest cent. Face Valueof Policy Sex and Ageof Insured Type of Policy AnnualPremium SemiannualPremium QuarterlyPremium MonthlyPremium $70,000 male—40 whole life $ $ $ $A man had 3 children Ama, Fiifi and Ebo, whom he gave an amount of 8000 to be shared among them. At the start of the year 2020, the three siblings decided to invest their share in an interest-bearing account. They were able to negotiate different interest rate for their investment based on their negotiating skills. In particular, Ama, Fiifi and Ebo were able to negotiate 5%, 10% and 8% respectively on their investment. At the end of the year, 2018, the three siblings were able to earn a total interest of ¢600. In addition, supposed the amount of money given to Ebo is ¢300 more than the amount given by her two siblings combined. a) Write down the three linear equations. b) Represent them in the matrix form Ax = bc) Find the determinant of the matrix A d) Find the amount of money given to each of the 3 siblings using matrix inversionIf the national economy shrank at an annual rate of 6% per year for three consecutive years, then the economy shrank by 18% over the three-year period. The statement is false because each year is a different reference value. The economy actually shrank ____ % over the three-year period.
