As soon as you start comparing the GDP of other nations, you run into two problems. What exactly are these concerns, and how can one take them into consideration when comparing the GDP of various nations?

Q: What do you think is the significance of concept on foreign reciprocity?

A: International trade is a very important concept of economics which forms a very important part of th...

Q: 2. In a BCG Matrix, would the Question Mark quadrant or the Cash Cow quadrant be more desirable? Exp...

A:

Q: The determinants of aggregate supply:     A)  are consumption, investment, government, and net expor...

A: Aggregate supply curve shows a positive relationship between price level and the real GDP.

Q: Liabilities and Net Assets Horth Stock Shares $400 Reserves Property Securities Loans Denand Deposit...

A: Liabilities of bank:  The liabilites incorporate the sum that the bank owes to other people. This by...

Q: Who are the forerunners and father of Economics. Explain and discuss their contribution in the field...

A: The greatest economists of the history of mankind or the forerunners of Economics Galileo Galilei t...

Q: What is Development Planning? Why is there a need for economic development planning?

A: The creation of wealth from which the benefits of the community are being realized is known as econo...

Q: . How did the pandemic affect the lives of working students? 2. What are the experiences of working ...

A: Pandemic basically refers to the situation when a diseases occurs in an country or multiple countrie...

Q: 4. Consider an individual who lives for 2 periods and each period receives a constant income of $y p...

A: Given information U(X0,X1)=X02+βX12Income in each periodY1 and Y2interest rate=r

Q: The marginal propensity to consume plus the marginal propensity to save equals     A)  zero   B)  te...

A: Marginal propensity to consume refers to the ratio of change in consumption and change in income. Ma...

Q: real GDP exceeds potential GDP, then employment is nemployment rate. full employment and the unemplo...

A: Okun's law states the inverse relationship between unemployment and GDP.  According to Okun's law: 2...

Q: Calculate the quantity of a public good that would be provided in the private market if the marginal...

A: Marginal Cost refers to the additional cost that firms or producers of a good or service incurs whil...

Q: 4. (a) International trade makes all the consumers, the producers and the country better off. Why or...

A: Labor force refers to the sum of all the workers in a country at any point of time. It is the sum of...

Q: Given the Production Function: q = B,Z, + B2Z2 +B,Z? + B,Z} + BzZ;Zz (a) Find input demand functions...

A: Introduction Given production function: q = β1 Z1 + β2Z2 + β3 Z12 + β4 Z22 + β5 Z1 Z2 Profit = P q -...

Q: Chris and Dana live in an exchange economy with two goods: good Q and good R. Chris starts off with ...

A: Introduction Chris and Dana live an exchange economy with two goods Q and R. Chris has Unit of Q = 6...

Q: Which is considered a leakage or withdrawal of spending from the income expenditures stream?     A) ...

A: Equilibrium is achieved at a point where the amount of injections is equal to the amount of leakages...

Q: A consultant, after 3 months of work, reported that the modified B/C ratio for a city-owned hospital...

A: Discount rate(i)=5% Time(n)=40 years Initial cost=$2.1 million(i.e 2,100,000) Modified B/C ratio=2 B...

Q: Consider an economy where: The real rate of interest The nominal rate of interest 4.11% 7.09% Calcul...

A: Real Interest Rate = 1 + Nominal Interest Rate1 + Inflation Rate -1 Real interest rate = Nominal Int...

Q: The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for...

A: Demand function for college students:- Q = 200 - 1.5P Demand function for non students:- Q = 200 - p

Q: 7 Consider a model in which an individual lives only two periods. This person has diminishing margin...

A: Given; Income in period 1= $20000 Income in period 2= $5000 Private interest rate= 10%  

Q: We have data on 2323 randomly selected households consisting of three persons in 2013. Let ENTERT de...

A: R-squared is used as measure of goodness of fit, a formula to calculate R-squared: R2=ESSTSS Where E...

Q: What will be the estimated money multiplier if the cash reserve ratio in the economy is 8%

A: In the question, Cash reserve ratio = 8% Money multiplier needed = ?

Q: What is the average product of labor, given that the level of labor equals 15, total output equals60...

A: Labor are the people who work in the business organization and get salaries/wages in return. Labor p...

Q: At whatever quantity MB = MC, the decision maker should do of the activity. A. none B. more C. that ...

A: At whatever quantity MB = MC , the decision maker should do that amount of the activity. Because the...

Q: Is it worth investing in a project that costs up to 600 million dollars across 11 years but is expec...

A: Discount rate refers to the rate or interest rate by which future values are discounted such that th...

Q: Modern business practices do not usually result in violent outbreaks. Why might governments in the m...

A: First part To protect consumers' interests, the government may desire to regulate monopolies. Becaus...

Q: Chris and Dana live in an exchange economy with two goods: good Q and good R. Chris starts off with ...

A: This question is based on the Cobb-Douglas utility function.

Q: What is supply? Decision making behavior of sellers and shows the quantity that sellers are willing...

A: Supply : The supply can be defined as the quantity of the commodity that the seller is willing to se...

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives con...

A: In the policy of the fiscal expansion that government starts the policy of borrowing and using the m...

Q: Variable Fixed Total Average Average Marginal Quantity Costs Costs Costs Total Costs Variable Costs ...

A: Total revenue = Price*quantity Thus TR(at Q=5) = 30*5 =$ 150

Q: 7. Product & Cost Curves: Numerical Cobb-Douglas Case > Continue with the general functions from the...

A:

Q: Irina just recently sold a $2,000 par value government of Canada zero-coupon bond for $1,100. If the...

A: A zero-coupon bond is that bond that pays no interest and is tarded at its face value/par value.   Z...

Q: Exhibit 15.3 S'm Sm Dm Interest rate in

A: Money demand (Dm) slopes downward, implying an inverse relationship between interest rate and quanti...

Q: The following graph shows the demand (D) for gas services in the imaginary town of Utilityburg. The ...

A: Answer: Equilibrium in monopoly: a firm experiences equilibrium where the MC and MR intersect each o...

Q: If the goverment wants to raise tax revenue and shift most of the tax burden to the consumers, it wo...

A: Tax incidence measures the burden of tax shares between consumer and seller.  It depends on the pric...

Q: Consider the same marginal revenue functions. Suppose now that teams must share 40% of their revenue...

A:  The marginal revenue function is the subordinate of the all out revenue function r(x). here given t...

Q: calculate the inflation/deflation if growth rate was 0.2 percent a year, the money growth rate was 3...

A: In economics, deflation is a decrease in the general price level of goods and services. Deflation oc...

Q: 1. The demand for a particular spare part in a factory was found to vary from day-to-day. In a sampl...

A:

Q: A committee of 4 people is to be appointed from 3 officers of the production department, 4 officers ...

A:

Q: A machine cost P480, 000 and has a salvage value of 10% of its cost at the end of its life of 30,000...

A: 1. 1. Book Value=P-tP-SLtWhere,P= Initial ccost S=Salvage valueLt=Lifetime of the assett=timeHere,P=...

Q: The Brander-Spencer analysis states that: O Monopoly profits can be eliminated by trade policies. O ...

A: Brander-Spencer analysis: The term Brander and Spencer refers to the representation that in the resu...

Q: If a bank has $100,000 in deposits and holds $5,000 in required reserves, what is the value of the m...

A: Money multiplier: - it is the ratio that shows the maximum amount of money that can be created with ...

Q: Why would a reduction in tax rates that was anticipated to be only temporary not cause nearly as lar...

A: The answer and explanation is as follows:-

Q: Refer to the table above. If the market is perfectly competitive, the equilibrium price of calculato...

A: In economics, a reservation price is a limit on the price of a good or a service. On the demand side...

Q: 3. As supervisor of a facilities engineering department, you consider mobile cranes to be critical e...

A: Given information Project A Initial capital=$272000 Annual cost=28800 Salvage value=25000 N= 6 years...

Q: Amanufacturer of kitchen appliances is preparing to set the price on a new blender. Demand is though...

A: Given  Demand equation: D=2500-3P         .... (1) Cost function: C=5000+4D                 .... (2)...

Q: C = 195 +0.15(Y - T) \= 215 G= 80 NX = -40 T= 120 Y* - 475 What policy could the Federal Reserve imp...

A: We have given  C=195+0.15(Y-T) I=215 G=80 NX=-40 T=120 Y*=475  

Q: To increase the money supply, the central bank could: O A) raise the discount rate. O B) make open-m...

A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known a...

Q: SARAH makes $43,000 per year, is single, and lives in Connecticut. She has $19,000 in Direct Subsidi...

A: Sarah is earning an income of $43000 per year. She has subsidized and unsubsidized loans of differen...

Q: The Law of Diminishing Utility: For example, I consume too many apples. Until I eat the fifth one, I...

A: The law of diminishing marginal utility basically refers that as consumption increases, the marginal...

Q: If the price of a Spyder drops to $800,000, Instructions: Enter your responses as a whole number. a....

A: Consumer surplus = price that the consumer is willing to pay - price that the consumer actually pays...