As per the World Bank, Philippine Real GDP (constant 2015 prices) was at around 396,220,000,000 USD in 2019. Meanwhile the GDP deflator for 2015-2019 is given as follows: Year Deflator 2015 100.00 2016 101.29 2017 103.66 2018 * 107.53 2019 108.28 Given this information, compute for the Nominal GDP for the Philippines in 2019.

Q: The government cuts taxes. Which curve shifts in the IS-LM model? To the left or to the right? What…

A: IS-LM model determines the equilibrium interest rate and real GDP in the economy.

Q: A risk-neutral worker can choose to exert either low or high effort. The manager cannot observe the…

A: Given; Low effort:-Cost of workers= $0Prob (Rev=$200)=80%Prob (Rev=$600)=20%High effort:-Cost of…

Q: Discuss the financial innovation in the mortgage market and how it changed the very nature of…

A: PLEASE FIND THE ANSWER BELOW.   MORTGAGE: The term “mortgage” refers to a loan used to purchase or…

Q: if the production of cars produces damaging pollution, we would expect the unregulated market to?

A: Market failure is defined as a situation under which an inefficient distribution of goods takes…

Q: 3. Illustrate and explain what would happen to the consumer surplus, producer surplus and deadweight…

A: The graph due to subsidy looks like: Due to subside supply curve shifts from S to S1 and the Price…

Q: Question 8 In the long run, a firm can increase its output quantity, but it will be limited by the…

A: In economics, the output is termed as the number of goods and services manufactured by the firms for…

Q: Assume a government starts with zero debt. This government then runs an annual deficit for 28 years…

A: The financial liabilities of the government sector are referred to as gross government debt (also…

Q: The Washington Post has reported that “The Fed’s broadest measure of the money supply, is more than…

A: The Federal Reserve (Fed) is the source of money in the money market. The Federal Reserve has the…

Q: If the economy above was at point D, a good thing to do would be to increase government spending.…

A: Increasing government spending or reducing government spending to energize a sluggish economy,…

Q: Your income in 2004 was $67,000 and your income in 2020 was $95,000. The price index in 2004 was…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Question 4 John and Sotiris live on trees in two different forests. They each have eight hours to…

A: The production possibility frontier (PPF) depicts the various quantities of each product that may be…

Q: 5. Define the policy of quantitative easing. Is this a policy that is consistent with the underlying…

A: Quantitative easing (QE) is an unconventional monetary policy in which a central bank buys…

Q: Consider a Cournot oligopoly with two firms, where the demand curves are given by P = 100-Q,-2Q2 P2=…

A: Answer I attached below

Q: 3. Does it matter that increased govemment debt/GDP ratios place a higher tax burden on future…

A: According to the Ricardian equivalence theorem, the impact of higher debt-financed government…

Q: How did Vietnam and the Watergate Scandal affect popular trust in the government? Discuss the…

A: Introduction : The Watergate scandal was a major political scandal in the United States involving…

Q: In year 1, velocity is 6, real output is 10,000, and M is 20,000 what would the price level be? If M…

A: Inflation is defined as an increase in the price of goods and services across a country's economy.…

Q: If the marginal prospensity to consume is 0.75, an increase in autonomous investment of 800.00 will…

A: Marginal propensity to consume is the proportion of change in income spent on consumption.

Q: oved on trade among membe h nation retains its own barrier ith non-members. preferential trade…

A: There are a few phases during the time spent economic integration, from an exceptionally free…

Q: What is a discourage worker? How might the exclusion of the discouraged workers underestimate the…

A: In an economy, people are classified as different in terms of their employment status such as…

Q: Which of the followings are competitors of water carriers: O Railroad carriers O Airline carriers O…

A: Water carriers mean the distribution or chain to supply water from one region to another .

Q: Evaluate the impact of TRAIN Law in the Philippine Economic Development using the…

A: A SWOT analysis basically refers to a strategy that is used for evaluating these four areas of your…

Q: Complete the following table by indicating whether each point represents output combinations that…

A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…

Q: Cell phones have become an essential part of our everyday lives. We use them for communication,…

A:

Q: The following table provides data for an economy in a certain year: Consumption expenditures Imports…

A: Answer; the Investment is $900

Q: 22. In order for a set of strategies to constitute a Nash Equilibrium a. Each player must adopt a…

A: The Nash equilibrium is thr concept under game theory when two or more people are trying to…

Q: Assume that an open economy with a floating exchange rate is described by the equations: C =…

A: A floating exchange rate is one that is determined by open market supply and demand. Floating…

Q: Using the appropriate graphs, consider the short run impact of a natural disaster that causes a…

A: Intertemporal Model is defined as a model which describes which emphasizes on how current decisions…

Q: Sanchez Trucking has been experiencing delays at its warehouse operations. Management hired a…

A: * SOLUTION :-  (7) Given that ,

Q: Suppose the market demand and supply equations for Face masks are given by: Market Demand: P = 400 –…

A: Given: P=400-4Q P=4Q Note: Due to multiple subparts being posted, the first three subparts have been…

Q: 6) When United States residents acquire assets abroad, they A) borrowing money, and foreign debts to…

A: Given information: United States residents acquire assets abroad.

Q: Question 4 John and Sotiris live on trees in two different forests. They each have eight hours to…

A: The production possibility frontier shows the different quantities of each product that can be…

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: In 2000, the value of the Consumer Price Index was 171.20 and the price of gasoline (per gallon) was…

A: Given, In 2000, the CPI = 171.20 Price of gasoline = $1.56 In 2006, the CPI = 200.43 Price of…

Q: Consider a consumer whose preferences are represented by a utility function u(a, y) = a0.5 5. Are…

A: Utility function can be defined as the measure for a group of goods and services preferred by…

Q: 1. An electric utility investment has a capital cost of $60 million, a term of 8 years, and an…

A: Under the Strata Property Act, strata corporations and sections must have contingency reserve funds…

Q: A manufacturer has $600 to spend on the production of a certain product and knows that if "x" units…

A:

Q: The feature that makes oligopoly different from other market structures is that firms in an…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: You received a memo that you are appointed as the team leader for a new commercial building project.…

A: To find the capitalized Cost of project we need to take following steps - 1 .) Derive the Cash flow…

Q: Player 2 Left Center 30, 40 6, 20 20, 20 5, 5 40, 11 38, 42 Right 21, 24 32, 35 10, 5 Up Player 1…

A:

Q: Which of the following could potentially cause a recession? O AD increases, and wages are sticky. AD…

A: Recession is a period when real GDP is decreasing.

Q: Discuss the argument that activist policies are necessary following large negative economic shocks…

A: To stabilize the economy monetary and fiscal policies are used. The goal of both the policy is to…

Q: With regards to conventional and unconventional monetary policy, how might the Federal Reserve act…

A: Monetary policy Monetary Policy is an instrument of the Monetary Authority of a country. Monetary…

Q: Question 3 (Equilibrium) 200 Suppose the market demand is Qp = firms in the market. Suppose N = 25.…

A: The equilibrium price is the only price where the plans of consumers and the plans of producers…

Q: QUESTION 21 (Table: GoGo Gas and Fanny's Fantastic Fuel) Use Table: GoGo Gas and Fanny's Fantastic…

A: We have 2×2 game for two firms and they are deciding the action simultaneous.

Q: 10.3. Suppose the production possibility frontier for guns (X) and butter (Y) is given by x² + 2Y? =…

A: The production possibility frontier (PPF) is a graph that shows the most significant number of…

Q: Title: Profit-maximizing behavior in perfectly competitive factor markets The value of a firm’s…

A: Value of Marginal Product of Labor is equal to Marginal Revenue Product of Labor in a certain market…

Q: 7.50 Good B 2 $3.00 $3.00 Good C 4 $1.00 $1.50 The able above gives the information about the items…

A: The Consumer Price Index is a proportion of the typical change additional time in the prices paid by…

Q: Using suppy and demand analysis, explain the effects on equilibrium price and quantity of the…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: Q2/2 Derive the average cost function from :TC = 20 + 10GQ + %3D

A: Answer; Total Cost TC = 20 + 10Q + Q2/2   Average cost is the total cost per unit quantity…