A number of economists contend that official measures of Canadian gross private investment expenditures are understated. For instance, household spending on education, such as college tuition expenditures, is counted as consumption. Some economists suggest that these expenditures, which amount to 6 percent of GDP, should be counted as investment instead. Based on this 6 percent estimate and the estimated 2020 Q2 GDP being $1,820,369 million, how many millions of dollars would shift from consumption to investment if this suggestion was adopted? $ million would shift from consumption to investment if this suggestion was adopted. (Enter your response rounded to the nearest whole number)
Q: The key to poverty eradication in China is rural development, Explain the three essential policies:…
A: As of February 25, 2021, China had successfully eradicated extreme poverty among the final 98.99…
Q: gure 5.1: Solow Diagram NVESTMENT, EPRECIATION dk
A: The solow model explains the short run and long run growth of economy through the capital…
Q: What is the relationship between the coupon on an asset, the price of the asset and its interest…
A: The price of the asset is the price at which an asset is traded in the market. The coupon is the…
Q: Describe why some banks maintain a relationship with a correspondent bank.
A: A financial organization that offers services to another one, often in another country, is referred…
Q: What is a two-part tariff? Why do firms sometimes use them? What is an example of a firm that uses a…
A: A two-part tariff (TPT) is a method of valuing where the price of a good or service is divided into…
Q: Peanut butter and jam can be either substitutes or it can be compliments. Caitlin likes peanut…
A: The relationship between these items is identified using the cross elasticity of demand. When two…
Q: You are considering borrowing $100,000 at a compound annual interest rate of 9%. The loan agreement…
A: The principal amount of the loan (P)=$100,000 Rate of interest on the loan (i)=9% per year…
Q: Can you think of a reason why making cars safer would create negative externalities?
A: Negative externalities happen when production and consumption place external costs on non-market…
Q: 1. Refer to the graph below of a perfectly competitive market. How many units will the firm choose…
A: A firm in the perfectly competitive market is a price taker, meaning marginal revenue is the market…
Q: Transaction Description Previous balance, $2652.59 June 1 Billing date June 6 June 8 June 9 June 17…
A: The average balance is the balance on a credit or store account found in the middle value over a…
Q: Consider the attached graph showing the supply and demand for rental apartments around the UH.…
A: Given The government provides a subsidy for housing of $1000 per house per month. We just need…
Q: On December 31, 2021, Annie bought a fitness center with exercise equipment and a building worth…
A: Gross Investment is the sum of a company's expenditures or investments made to purchase capital…
Q: Consider a hypothetical situation at the Mitengo Market in Ndola where there are 1000 identical…
A: The total amount of a good that is desired by everyone at each price is represented by the market…
Q: Illustrate (using a labor-leisure choice diagram) how a firm may induce a typical employee to…
A: In the labor-leisure trade off, labor makes a choice between the labor hours and the leisure. The…
Q: Transfer payments are included in the GDP calculation. [T or F]?
A: Governmental transfers to people include benefits like Social Security. Since transfers do not…
Q: Daniel Jones thought he was getting his girlfriend the best surprise Valentine’s Day gift ever. He…
A: The question states that Jones , in an attempt to surprise his girlfriend bought concert tickets of…
Q: (a) Show that Pr(Yį = 1|X) = Bo+®ıX. (b) Show that var(u₁|X₁) = (B₁ + B₁X₁)[1 − (Bo + B₁X;)]. [Hint:…
A:
Q: A trust fund is to be established for providing the costs associated with a small engineering…
A:
Q: Fill in the table What are the profit-maximizing price and quantity, and what profit will be…
A: We use the following formulas to solve the missing values in the table: 1) Total Revenue = Price…
Q: The quantity theory of money. was best explained by Fisher's book "The Purchasing Power of Money" is…
A: Quantity theory of money :- MV = PQ Where M = money supply V = velocity P = price Q = real GDP
Q: 3. Indicate whether the following are private goods, club goods, common-resource goods, or public…
A: Introduction Private goods - Private Goods are products that are excludable and rival. Public…
Q: 1.1 Example 1: Let y = F(l, k) = 13k2 be the production function, p = 30, w = 10, and r = 5. Find…
A:
Q: In the figure below, as the economy expands from GDP2 to GDP3, a is created. Government Transfer and…
A: Budget refers to the document of government which consists of the revenue and expenditure of the…
Q: Brutus Corporation produces two products, Paper Towel (P) and Foot Mop (F), which must be processed…
A: Cutting has 130 hours Finishing has 185 hours
Q: what is the book value of electronic test equipments after 9 years of use if it depreciates from its…
A: Depreciation means a fall in the value of assets due to wear, tear, and obsolescence.
Q: Could you help me to compute the social optimum quantity of roses and the DWL in the competitive…
A: In the given question, The marginal cost (MC) of the producing roses is given as; MC = 30+2R and the…
Q: Q4. Current demand for apples in a city is 1000 boxes per week. In the city, price elasticity of…
A: Price elasticity of demand is percentage change in quantity demanded divided by the percentage…
Q: Until recently, hamburgers at the city sports arena cost $2.80 each. The food concessionaire sold an…
A: The demand function shows the functional connection between the Quantity demanded of a commodity and…
Q: a) Draw a graph to illustrate the change in equilibrium. b) State whether each of the following…
A: Introduction Here we are given the IS-LM model. And at the intersection of the IS & LM curves…
Q: Question 6 of 6 Desert Company invests its annual savings in different mutual funds. In 2014, they…
A: In 2014, They invested in high growth funds = $13,500 They invested in medium growth funds = $3,500…
Q: QUESTION 5 For the below ME alternatives, which machine should be selected based on the PW analysis.…
A: Present worth which represents the worth of this money in current dollars, is the total of future…
Q: nformation: a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a…
A:
Q: a) Discuss and explain the effect of a decrease in the price of shoes on the supply of shoes
A: Shortage is when quantity demanded is greater than quantity supplied. And surplus is when quantity…
Q: i need this in words not handwritten just Rewrite this
A: As asked, wil be typing the solution.
Q: The following cash flows result from a potential construction project for your company: Receipts of…
A: The given data is as follows: Receipts: At the start of contract=$545,000 At the end of…
Q: Question 1 = Prove that the indifference curves that represent the quasilinear utility function…
A: When a person only purchases up to a particular amount of one of the two items (x1 and x2 that are…
Q: what is the United States economic system. and what does globalization have to do with it
A: The world's greatest nominal GDP and net wealth are both concentrated in the United States, which…
Q: Can you draw( i need a graphs) labor supply function : U(c,l)=log(c)+log(l) where, c-represents the…
A: Given Utility function: U(c,l)=log(c)+log(l) .......(1) Given market wage w=10 Total…
Q: Assuming society's MPC is constant at an aggregate of income of $300, aggregate consumption would be…
A: Marginal propensity to consume refers to the increase in the consumption occurring due to increase…
Q: (Chapter 13) A $20,000 machine will be purchased by a company with an MARR of 10%. It will cost…
A: Given The purchasing cost of the machine =$20,000 Installation cost =$5000 MARR =10% To find the…
Q: In the balance of payments, what does the net capital flow indicate, and how will a current account…
A: Introduction The balance of payment is a systematic record of economic transactions of the residents…
Q: The total/aggregate market demand for rubber erasers can be segmented into two components. The first…
A: The demand curve shows the inverse relationship between price and quantity demanded. Given, Demand…
Q: John plans to invest an equal amount of $2.000 in equity fund every year-end beginning with this…
A:
Q: a) Explain the nature of an indifference curve map, making reference to the graph below. QUANTITY…
A: Introduction The indifference curve shows that a consumer is indifferent to the combination of two…
Q: A person who is unemployed as defined by the BLS is not in the labor force. True False
A: Employees who are unemployed suffer, as do their families and the nation as a whole. Employees and…
Q: If the price of gold had not changed, what would have been the change in Glitter Gulch’s real…
A: The quantity of the good produced using the available resources is referred to as output. To…
Q: Originally, the quantity demanded and the quantity supplied for the commodity Z are 50 units and 80…
A: Here we are given the quantity demanded and the quantity supplied for a given price level and hence…
Q: The Covid-19 pandemic shifted the aggregate supply and aggregate demand curves to the left. Did that…
A: The COVID-19 reduced the both AD and AS. Thus, it affected the output and employments. The real…
Q: Consider the figure to the right. Suppose that businesses in this nation initially had been…
A: as we know that in economy price is set by the aggregate demand and aggregate supply at the point of…
Q: George has a monopoly on burrito sales in a small town in Kansas. The burritos cost him a constant…
A: Q TR MR PROFIT TC 0 0 - 0 0 1 25 25 20 5 2 40 15 30 10 3 45 5 30 15 4 40 -5 20 20…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Consider a country with a consumption of $485 billion, an investment of $175 billion, government purchases of $176 billion, government transfer payments of $24 billion, exports of $19 billion and imports of $40 billion for the year 2020. What is the country's total GDP for the year 2020? Write your answer in billions of dollars.The government of a small island country is concerned about a few things and has hired you as an economic consultant to do some economic analysis for 2020. First, the government is worried that the inflation rate in the country is too high. This could reduce the purchasing power and the standards of living of the residents. Second, it suspects that the residents are importing too much goods and services from foreign countries. This could result in unemployment in the island. Third, and finally, it fears that the entrepreneurs are making too much profit and this could lead to unrest in the country. The government has been able to calculate the following statistics (converted to dollars), which you will use to carry out your assignment. All the data pertain to 2020. All the numbers except for real GDP are in nominal terms. The base year in this country for the calculation of real GDP is 2019. GDP Information: Nominal GDP = $106,000,000 Real GDP = $100,000,000 Expenditures: Consumption =…The government of a small island country is concerned about a few things and has hired you as an economic consultant to do some economic analysis for 2020. First, the government is worried that the inflation rate in the country is too high. This could reduce the purchasing power and the standards of living of the residents. Second, it suspects that the residents are importing too much goods and services from foreign countries. This could result in unemployment in the island. Third, and finally, it fears that the entrepreneurs are making too much profit and this could lead to unrest in the country. The government has been able to calculate the following statistics (converted to dollars), which you will use to carry out your assignment. All the data pertain to 2020. All the numbers except for real GDP are in nominal terms. The base year in this country for the calculation of real GDP is 2019.
- Suppose that GDP was $250 billion in year 1 and that all other components of expenditures remained the same in year 2 except that business inventories decreased by $15 billion. GDP in year 2 isWhich of the following equations is correct for an economy that does not have a government or a foreign sector? Multiple Choice MPC × MPS = 1 MPC/MPS = 1 MPC - MPS = 1 MPC + MPS = 1Based on this definition, indicate which of the transactions in the following table will be included in (that is, directly increase) the GDP of the United States in 2019.
- This question pertains to correctly calculating total investment as a percent of GDP for a country across multiple years with different amounts of investment per year and different GDPs per year. I've seen 2 methods to calculate the total investment as a percent of GDP for 1 country. First, for each year, calculate investment as a percent of GDP for each year then sum those percentages. Second, sum all investments and sum all GDP across years and then divide sum of investments over sum of GDP. What is the correct method to calculate total investments across multiple years for 1 country when each year has a different GDP?in 2019 fiscal year estimated that Ghanaians saved 20 percent of their disposable income; however, due to overconsumption in the previous year, autonomous saving for 2019 was negative 100 million Ghana cedis. The government of Ghana imposed a lump sum tax of Gh ₡ 20 million. In addition to the lump sum tax the government also took 20 percent of all incomesearned in the economy in the form of proportional tax. The total government expenditure was GH ₡50 million in 2019. Total investment recorded for 2019 was 66 million. (A) Determine the tax function for this economy, derive the consumption function based on the above information and write out the aggregate demand equation (b) Determine the equilibrium consumption and calculate the value of the government expenditure multiplier for this economy and interpret your result (c) Calculate the total tax revenue to the governmentSuppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. National savings?
- Use the following to answer questions 9-12: 58. Refer to the above table. Between years 1 and 2, real GDP grew by __________ percent in Alta: A) 3 percent. B) 4 percent. C) 5 percent. D) 10 percent. 59. Refer to the above table. Between years 1 and 2, real GDP per capita grew by __________ percent in Alta: A) 3 B) 4 C) 5 D) 10 60. Refer to the above table. Between years 2 and 3: A) Alta's real GDP grew more rapidly than Zorn's real GDP. B) real GDP fell in Zorn. C) population growth reduced Alta's real GDP growth to zero. D) population fell in Alta. Refer to the above table. Per capita GDP was about: A) $105 in year 3 in Alta. B) $303 in year 3 in Zorn. C) $200 in year 1 in Zorn. D) $5 in year 2 in Alta.Scenario With real GDP growth in the one percent range and pay raises basically nonexistent, you might think that you are doomed to a stagnant or even declining standard of living. But consider all the services at your fingertips that add to your quality of life. Tasks once done face-to-face or on the phone—shopping, booking hotels, flights, and taxis—can now be done with the tap of a button. Your parents had to visit the bank to deposit a check or withdraw cash. Today, people take a picture of a check, and then electronically deposit, and send money to others. Instructions Research the Gross Domestic Product (GDP) in the WCU online library and on the Internet. Governmental websites such as the Bureau of Labor Statistics (BLS) and The Bureau of Economic Analysis (BEA) may be useful. Write a two- to three-page paper in APA Style on GDP. Consider the following to guide your research and writing. What does Martin Feldstein say is wrong with the growth rate of real GDP per person as a…Suppose GDP is $800 billion, taxes are $150 billion, private saving is $50 billion, and public saving is $20 billion. Assuming this economy is closed, calculate consumption, government purchases, national saving, and investment.