Q: Graph the golden rule level of capital in the solow growth model and describes its meaning. plesae…
A:
Q: Answer the following: If wages are sticky in the short-run, the short-run Phillips curve is…
A: Note:- Since we can only answer one question at a time we'll answer the first three. Please repost…
Q: QUESTION 16 Which of the following describes the breakeven point O a. total revenue explicit costs…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: You take out student loans to help pay for your degree at a 5% annual interest rate. Assume the bank…
A: A "real interest rate" is an interest rate that has been adapted to inflation. To work out a real…
Q: For this question only, X=5B and Y=D+250. Britney recently launched her new COVID-19 vaccine in T&T…
A: The monopoly pricing makes a deadweight loss on the grounds that the firm does without exchanges…
Q: 175 Given the demand function D(p) %3D Find the Elasticity of Demand at a price of $63
A: The elasticity of demand measures the responsiveness of quantity demanded the respect to change in…
Q: An untreated wooden pole that will last 10 years under a certain soil condition costs P 12,000. If a…
A: Return on Investment or ROI is defined as the measure of performance that is generally used for the…
Q: 12. A newspaper article reports that the unemployment rate fell this month, but the number of people…
A: In the economy, both employment and unemployment rates are rising at the same time. This is due to…
Q: By the condition of a will, the sum of 25 000 pesos is left to a girl to be held in trust by her…
A: Present value = 25000 Future worth = 45000 pesos Interest rate = 8 % compounded quarterly Quarterly…
Q: The long-run Phillips curve will be upward sloping if persistent high inflation discourages…
A: The Phillips curve given by A.W Phillips shows that there exists an inverse relationship between the…
Q: 14. Audrey buys a piece of lot for P160,000 down payment and 12 deferred semi-annual payments of…
A: The entrance and outflow of cash and cash equivalents are referred to as cash flow. The cash flow of…
Q: If an investment has a nominal return of 3.8% per year, while the inflation is expected to be 3.6%…
A: Real return is the interest rate adjusted for inflation. Nominal return does not account for price…
Q: 11. Suppose that the two biggest producers of gold, Bmine and Gmine, form a cartel to set price,…
A: When one player's strategy is superior than another player's strategy, regardless of how that…
Q: Richard Thaler provides three criticisms of the homo economicus model in his book “Missbehaving”.…
A: With the first salvo of wit that will characterise the entire book, Richard Thaler claims that…
Q: As a country begins to liberalize its capital account, what would you expect to happen to the…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1. Plot the graph of the demand and supply schedule below, determine the equilibrium quantity and…
A: Equilibrium occurs when the quantity supplied is the same as the quantity demanded. If the quantity…
Q: According to your text , if interest rates are allowed to vary more from year to year then________…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: If your firm could set the price of the product or service it sells below the equilibrium price and…
A: In a market, there are various pricing strategies that a firm can adopt if it has some control over…
Q: Maintenance cost of a machine is S 100 during the second year and to increase by $ 100 every year…
A: Maintenance cost is in a form of gradient series which increase at a constant rate of 100 .…
Q: 2.The shoe company in Marikina have decided to increase to 18% per pair of shoes to due to its high…
A: Percentage Change in Price = 18% Original Price = 599 Original Demand of Shoes (in pairs) = 500…
Q: 3.Briefly formulate major "weak" and "strong" features of the two exchange rate regimes: flexible…
A: The value at which two currencies are exchanged is referred to as an exchange rate. In other words,…
Q: Suppose that the money supply will grow by 2% in Japan over the next five years. Velocity is…
A: Given: Growth in money supply=2% Velocity=constant Growth in real income=3%
Q: 1- Discuss how does the invisible hand of the neoclassical school differs from Smith's?
A: The difference between the invisible hand of Smith's theory and neoclassical school is as :-
Q: Which is correct - Space tourism by billionaires: proves that intelligent life exists only on…
A: Space Tourism helps in providing the tourist with an ability to experience travelling in space or to…
Q: Suppose the firm's production function is Q = 2KL, where Q is units of output, K is units of capital…
A: We can find out the short run production function using the capital K= 4.
Q: Suppose Sarah and Julia both work at a bakery making bread and muffins. In an hour, Sarah can either…
A:
Q: Describe the difference between average revenue and marginal revenue. Why are both of these revenue…
A: The average revenue is the amount of money a company may make by selling a single unit of their…
Q: At the time you are studying the material in this chapter, which phase of the business cycle do you…
A: Business cycles are described as cyclical upswings and downswings in broad economic activity indices…
Q: Why would versification over purchasing one stock? Please provide a detailed example.
A: Answer- Versification over purchasing one stock with example- There are many mis conception about…
Q: In 2018, nominal gross domestic product (GDP) in the United States grew 5.2% However, inflation was…
A: Nominal GDP is the market value of final goods and services produced during a given period of time…
Q: Which statement is NOT correct? a. Monopolists charge higher prices than do competitive firms.…
A: Monopoly is a market structure where there is only a single seller of the good who has absolute…
Q: Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public…
A: Aggregate expenditure is the sum of consumption, investment and government spending in a closed…
Q: spending is the part of the budget that works its way through Congress each year and includes…
A: Governments, organizations, and people all use budgets to estimate income and spending for a certain…
Q: How does globalization affect the GDP of a country and what are some ways in which globalization…
A: Globalization is described as the spread of technology, products, jobs, and information across…
Q: Answer the questions below using the following linear equations: 2y - x = 12 3x + 2y = 36 Where…
A:
Q: When the US Dollar is strong, this means that while US Exporters the US consumers a) find it…
A: International trade: - it means the buying and selling of goods and services with other countries.
Q: 3.Mang Juan have decided to reduced the price per kilo of onions from Php 100.00/kilo to the usual…
A: Given Information, Original Price = Php 140 / Kilo New Price = Php 100 / Kilo Original Quantity…
Q: Suppose the actual level of output in the economy is $1,765 million and the estimated natural rate…
A: Given Information, Actual level of output in the economy = $1,765 million Estimated level of output…
Q: Qd=5.3-0.1p where Qd is the number of new automobiles demanded per year (in millions) when P is the…
A: The demand equation: Qd = 5.3 - 0.1P whereas, Qd = Number of new automobiles demanded per year (in…
Q: the summary (below) of project costs and annual revenues for a new product line. He asks you to…
A: *Answer:
Q: A manufacturing plant that makes boomerangs has a fixed cost of $500/day and a variable cost of…
A: Given Data, Fixed cost of $500/day. variable cost of $40/hr.
Q: An ag firm is looking to produce 30 units of output. If the firm were to operate at the least-cost…
A: Required Q=30, w=10 r =50
Q: NX rc S,I The graph shows the relationship between Savings (S), Investment (I) and w It is given…
A: *Answer: At world interest rate r, the saving is more than the investment, so the country is a net…
Q: 3 8. Let be the utility function U(x, y) = (xi + 2yi), , where x and y a are the quantities %3D…
A: Given information U=49X13 +2Y133 Consumer is consuming X and Y X=2 and Y=2
Q: Suppose a feed mill is looking at their total revenue. If they receive $36 per sack of horse feed…
A: There are two livestock one is cattle with $14 price per unit and another is Horse with $36 per…
Q: Define the terms briefly: What is reserve price? What do we understand by the phrase" costs do not…
A:
Q: Consider the two-period Neoclassical growth model seen in class. Let the utility function take the…
A: Given information Two period neoclassical growth model Utility function U(C)=log (C) Consumption…
Q: .A corporation uses a type of motor truck which costs P 250,000, with life of 2 years and final…
A: Given that in question: 1st Truck (Old truck) Cost=P250000 Term=2 years Rate(r)=5% 2nd Truck (New…
Q: A firm considering the installation of an automatic data processing unit to handle some of its…
A: A amount of money today is worth more than a sum of money in the future, according to the concept of…
Q: The accompanying table lists the cross-price elasticities of demand for several goods, where the…
A: Cross-price elasticity, often known as cross-price elasticity of demand or XED for short, is a…
Step by step
Solved in 2 steps
- The belief that we can spend our way out of low growth is inconsistent with the best availableempirical evidence and ignores South Africa’s recent poor performance in using governmentspending as a tool to unlock much‐needed economic growth. Gambling with our future on riskyeconomic strategies that have failed elsewhere is something we are not prepared to do.’ TitoMboweni is South Africa's Minister of Finance. The increased government spending noted in Q.3.1. above has to be financed inone way or another. Describe three ways in which government spending can be financed.How does the IS-IM model shift in regards to the implementation of universal basic income?In an OLG economy where each generation has 20 bananas when young, 0 bananas when old.With money, we can achieve cy=co=10, a balanced consumption pattern. This balanced consumption pattern can be implemented in reality through another government policy, which is ______A. unemployment benefitB. earned income tax creditC. social security
- Julie lives for two periods. She works in the first, saves some of her income, and retires inthe second and lives off her savings. For every coconut she saves today, she earns an interestrate of r = 2%. Julie’s generation comprises of 1,000 people and each generation grows byn% relative to the previous one.a. In the first period Julie saves 100 coconuts for retirement. How many coconuts will shehave when she retires?b. Now suppose that the government implements a pay-as-you-go social security system,forcing every person in Julie’s generation to pay 100 coconuts to a social security fund thatwill distribute the money to the currently old. In exchange, when Julie retires each youngperson will pay 100 coconuts to the social security fund, and the revenue will be dividedequally among the future retirees. How much will be the revenue of the social securitysystem, and how many coconuts will each retiree will receive?c. What will have to be the range of values for n so that the government’s…Based from the material provided, give the point of view of the following classical economists on economic development. Explain the pros and cons. Economist Focus and viewpointAdam SmithDavid RicardoJohn Stuart MillThomas MalthusMarx and EngelsJosephSchumpeter Reflection:Do you think the concepts and views of the economists are true and relevant for economicdevelopment? (cite the theories/ views of the economist/s that are relevant)TFR and Birth Rates:a. Define the crude birth-rate and the total fertility rateSuppose country A and B have are identical in their population size andstructure, and rate of mortality, but A has a higher average TFR than B.b. What could be some of the reasons why A has a higher fertility ratethan B?c. What will be true about the size and age structure of the population in Arelative to B in 25 years? Will the proportion of young people to oldpeople be higher or lower in A?d. Now suppose the governments of both A and B impose a one-child policy(the TFR was greater than 1 in both A and B). Suppose the policy is fullyenforced (i.e. all families indeed have one kid). Is the fertility rate thesame in A and B? Is the birth rate same in A and B?e. Is the population growth rate higher or lower in A?f. As more time passes, the population growth will eventually slow down inboth countries. What will happen to the proportion of old in the populationas population growth slows down?
- Does social capital improve economic development? Using the available evidence to supportyour response. Discuss the question.y=zk^2/3 For this economy, derive the competitive equilibrium, and derive the equation that solves for a steady state capital stock per worker.What is sen capability approach in development briefly identifies five sources of disparity between (measured) real incomes and actual advantages as discussed by sen?
- Consider Romer Model 2. Suppose there are two countries, rich and poorone. Both countries have the same population size, L and the same knowledgegeneration productivity parameter, z. At the beginning, time 0, the rich countryhas more knowledge stock than the poor one, Ar0 > Ap0, where subscript labelstime and superscript labels country being rich or poor. However, the fractionof researchers in poor country is larger than the one in rich country, ̄lp > ̄lr .Question 4 Part aIn which country, would you prefer to live in the short-run? How about in thelong-run?How long would it take for the poor country to reach rich one’s per capitaoutput level? Show your results analytically and graphically as well. (If you pre-fer solving this question numerically by assigning values to the above parametersand variables, feel free to do soIN PROJECT MANAGEMENT IN PUBLIC SECTOR OF GHANA DOES THE INFLUENCE CURVE STILL RELEVANT?If all quantities produced rise by 5 percent and allprices fall by 5 percent, which of the following bestdescribes what occurs?a. Real GDP rises by 5 percent, while nominalGDP falls by 5 percent.b. Real GDP rises by 5 percent, while nominalGDP is unchanged.c. Real GDP is unchanged, while nominal GDP risesby 5 percent.d. Real GDP is unchanged, while nominal GDP fallsby 5 percent.