Assume that an economy currently has a nominal GDP of $500 billion. If the economy were to grow at 3%, calculate what nominal GDP will be in five years, ten years, twenty years, and forty years if it is able to sustain that same growth rate each yea

Q: • Engr. Odon is paying a loan five thousand pesos 1% quarterly for 3 years. If the payment is to sta...

A: We have: loan payment = 5,000 pesos Time (n) = 3 years Interest rate = 1%   

Q: According to Mercantilists, a trade is a game Zero sum Infinite sum Positive sum Negative

A: To find : What is trade game of. 

Q: the welfare analysis of the takeover of a PC industry by a monopoly, the deadweight loss results fro...

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a comp...

Q: Suppose the demand functions facing the wireless telephone monopolist In Worked-Out Problem 18.4 (pa...

A: Demand functions are QDL=40-50P for each low demand consumer and QDH=200-50P for each high demand co...

Q: Define confidentiality

A: Confidentiality can be a helpful aspect in financial matters or personal matters. 

Q: Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99...

A: The gross domestic product (GDP) is a measure of a country's economic output. Countries with higher ...

Q: Subject: Engineering Economics Topic: Perpetuity Question: If money is worth 2.55%, determine the pr...

A: Present value is the idea that expresses a measure of cash today is worth more than that equivalent ...

Q: If the government wants to increase the tax revenue they collect from sellers, then it should O Tax ...

A: Tax revenue is calculated by multiplying the per unit tax with the quantity supplied/ demanded at th...

Q: hink about the rival and excludable properties of public goods. To what degree is radio broadcasting...

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: 20. Using two carefully drawn and labeled diagrams, analyze an input cartel. That is, on the left si...

A: Cartel refers to the group or association made by the collusion of similar firms in a market to expl...

Q: Climate is probably the most important element of the physical forces as it sets the limits on Mu...

A: Climate The long-term weather tendency of an area is referred to as climate.The weather may change r...

Q: GNP minus depreciation is NNP. national income. O retained earnings. GDP.

A: Gross National Product:- The worth of all commodities generated by a nation's population and enterpr...

Q: Consider the foreign exchange market for Canadian dollar and define the exchange rate as the US doll...

A:  Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and ...

Q: what is differentiation? What are some forms of differentiation in washing detergents? How does diff...

A: A differentiation strategy is a methodology organizations create by giving clients something special...

Q: Assume that people will spend $0.60 of every extra dollar they earn. Further assume that the real in...

A: According to the question, "people spend $0.60 of every extra dollar they earn" this means marginal ...

Q: A hair salon with one, two, three, or four employees can serve 20, 35, 47, or 56 customers, respecti...

A: Marginal Product: In economics and in particular neoclassical economics the marginal product or marg...

Q: The Theory of Comparative Advantage states that countries gain from trade, this is because : The wor...

A: There are two important categories of business cycles which are inflation and recession that occur. ...

Q: Use the graph to answer the following question: Investment Demand Quantity of Investment If the mark...

A: Fiscal policy, measures utilized by state run administrations to settle the economy, explicitly by c...

Q: b) i. Explain two reasons why some analysts argue that FDI will promote development & ii. two reason...

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...

Q: If the price of one gallon of gasoline goes down from $4.07 per gallon to $3.99 per gallon, how will...

A: The history of the U.S in the context of gasoline is that the U.S. has been the major importer of oi...

Q: What is the rate of return for the following incremental analysis. Investment 1 2 Initial Investment...

A: Incremental analysis: Incremental analysis is a decision-making technique used in business to determ...

Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GD...

A: If  GDP is Y, Growth is g% per year, after t years the GDP will be Y(1+g100)t Here given Y= $19222 B...

Q: 39. If the demand for a good is inelastic, an increase in the price of the good will cause the total...

A: Elasticity is used to calculate the difference between the relative change in the amount demanded of...

Q: How do we proper manage economy especially to adverse or international economic shocks?

A: Economy An economy is a complex system of interrelated production, consumption, and trade activities...

Q: discuss double taxation that is good for 2 minutes.

A:

Q: How can UNIDO address the negative environmental impact of the semiconductor industry while preventi...

A: Answer -  

Q: answer 6 and 7

A: Philippines data is as follows: Life 67 years Adult literacy rate 68 % Gross enroll...

Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average fi...

A: When some product is manufactured, cost  takes place and process of business gets accelerated. Busin...

Q: Suppose the market for coffee is characterized by perfect competition. Assume that all firms are ide...

A: Answer: Given, LATC (long-run average total cost) function: LATC=Q+5+25Q LMC (long-run marginal cost...

Q: A situation where everybody plays a dominant strategy must be a Nash Equilibrium True False

A: "Statement given in question is TRUE."

Q: A =? n = 00 i = 3% P = $12,000,000 Find: A

A: Given, n = ∞ i = 3% = 0.03 P = $12,000,000 For calculating A, In this case, we will use the given fo...

Q: To combat corruption, among Transparency International's key recommendations are: -Make greater use...

A: Answer -

Q: Rizal’s abandonment of assimilation. What led to Rizal’s shift in ideology? Was this shift justifiab...

A: Jose Rizal, also known as Jose Protasio Rizal Mercado y Alonso Rialonda, was a Filipino nationalist,...

Q: Question 3 • C В Jeans Refer to the graph above. Productive efficiency occurs at what points? Sweate...

A: The production possibility curve (PPC) shows the combination of two goods that a nation can produce ...

Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...

A: Total Cost of the firm : TC=a+bQ2 In the long run,perfectly competitive firm produces quantity at wh...

Q: A firms labor demand and labor supply equations are shown below. Labor demand equation: Ld = 40- 2(w...

A: The information given is as follows:- Labor demand = Ld = 40 - 2(w) Labor supply = Ka = 20 + 3(w) We...

Q: Define conversation analysis (CA)

A: Define Conversation analysis Conversation analysis (CA) is a method for studying social interactions...

Q: QUESTION 44 According to the textbook, one likely short-term effect of NAFTA was that many U.S. and ...

A: The NAFTA is the trade agreement between United States, Mexico, and Canada to have a free cross-bord...

Q: If the demand for a good is inelastic, an increase in the price of the good will cause the total exp...

A: To find : Total expenditure of consumer of the good. 

Q: If inquiring is synonymous with investigation then what makes inquiry different from research which ...

A: Research is the process of systematic , scientific approach for finding , adding , new things in the...

Q: Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit ...

A: The cost incurred is either implicit cost or explicit cost. Explicit cost is the cost which is incur...

Q: Which of the following is correct? The relationship between the MPS and the MPC is such that: Select...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: From the supply curve, use the midpoirt method to calculate the elastioty of supty when the price s ...

A: Price elasticity of demand = %age change in QD / %age change in Price  

Q: d. Now suppose the price of labour rises to $5 per unit, but the firm still wants to produce 500 tir...

A: An isoquant is the equal quantity curve that shows the combination of two inputs yields the same out...

Q: Some people try to make money by watching exchange rates and trying to get the best deal on their tr...

A: The rate that depicts the rate at which one currency is being exchanged for another currency is know...

Q: Engineering Economics 2-) We have a five-year contract, compounded quarterly, at a rate of 16% per y...

A: 5 Year Contract per quarter Amount = $12 million interest rate = 16% per year  

Q: Alexis, Bruno, and Camila each want an ice-cream cone. Alexis is willing to pay $12, Bruno is willin...

A: Consumer surplus = Consumers' willingness to pay - Actual price that the consumer pays

Q: why is the economy not self-correcting? What can be done about it?

A: The principle that if economy is left to its own devices is called self-correcting. When an economy ...

Q: Suppose college tuition increased, leaving students with less income to spend on food and other thin...

A:     When the higher tuition fees increased, it resulted in less income for good and other things. Lo...

Q: 23. Can the government bring about an efficient outcome by imposing a price ceiling on a monopoly? E...

A: Answer: A monopolist maximizes its profit by selling the quantity where the marginal revenue (MR) an...