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Q: diffrenciate between Nominal and real GDP.
A: In economics, gross domestic product (GDP) is one of the economic tools that is used to determine…
Q: The GDP deflator measures A .the changes in aggregate prices of all final goods and services…
A: GDP deflator: - it is a measure of the change in the price of goods and services produced in an…
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A: Tax revenue collected by the government is already counted when we talk about all the other 3 points…
Q: GDP deflator is used to measure living standards in the economy Group of answer choices True FalsE
A: GDP refers to the value of all final goods and services produced in an economy over a given period.…
Q: Which of the following best defines aggregate demand? It is the total amount spent by all consumers,…
A: National income refers to the total amount of money earned within a nation.
Q: Double counting occurs when overstatement of GDP. included in the calculation of the GDP, leading to…
A: lets take an example of a producer A producing chocolate as his final product. now for the…
Q: Hence calculate to one decimal place the percentage change in the GDP deflator between period 1 and…
A: GDP Deflator is the ratio of nominal GDP to real GDP. GDP deflator of a base year is always 100.
Q: During which of the following situations is the percentage change in real GDP always positive? Multe…
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A: The term GDP (Gross Domestic Product) is defined as the total monetary value of all final products…
Q: The GDP Deflator reflects
A: ‘GDP deflator’ measures the change in prices of all the goods and services that are produced…
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A: Gross Domestic Product is the sum total of market value of final goods and services produced in a…
Q: Which of the following would not be included in 2015 U.S. GDP. OCalifornia constructing a new state…
A: GDP measures the total value of all final goods and services produced in a country, in a period of…
Q: Calculate GDP deflator if real GNP is $47,000 and the nominal GNP is $60,000
A: The data presented in the question above is:- Real GNP = $47,000 Nominal GNP = $60,000 The value of…
Q: To avoid the same output more than once, the calculation of GDP includes...
A: An economy is a vast collection of interconnected production, trade, and consumption practices…
Q: Company X produces $50,000 of wine in 2019 and they plan to sell the wine in 2021 to foreigners. How…
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Q: The participation of women in the Gambian labor force has risen dramatically since 2000. How do you…
A: 1. The participation of women in the Gambian labor force has risen dramatically since 2000 which…
Q: Which of these numbers is closest to the rate of change in the price level from 2018 to 2019 from…
A: here we calculate the GDP deflator and than we calculate the change in price level so here…
Q: In some country, the following holds Components of GDP Amount (Millions) Consumption 980 Investment…
A: The trade balance of a country is the difference between a country's export and country's imports.…
Q: nominal GDP is $
A: ‘Nominal GDP’ is the total amount of output produced in an economy in a year at ‘current market…
Q: Suppose that the UK’s nominal GDP in 2018 was £2.1 billion, while the GDP in real terms for 2018 is…
A: Nominal GDP = 2.1 billion Real GDP = 1.4 billion
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A: The total financial or market value of all finished merchandise and services made within a country's…
Q: Intermediate goods are excluded from the GDP calculation to avoid double counting. Select one: a.…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The production of goods and services valued at current prices is called real GDP. Select one: True…
A: Production of goods and services is the process of converting inputs into output using factors of…
Q: According to the chart, if year 1 is the base year, what would be the GDP deflator and consumer…
A: Formula:
Q: he table below contains data for country Econoland for the year 2018. $1293 $1717 Household…
A: In the table the government purchase of Econoland has been given.
Q: Describe marilyn waring's assessment of gross domestic product as a measure of economic activity
A: Solution:- She has been outspoken in her criticism of the idea of gross domestic product (GDP), the…
Q: Question 9 Which of the following affects this year's GDP? There may be more than one answer. a) The…
A:
Q: Calculate the value of exports if net exports are $390 million and the imports are $200 million
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A: The government bookkeeping system that analyses the health of an economy, expected growth, economic…
Q: Calculate net exports of Brazil if the export were $780 million and imports were $600 million
A: According to the above mentioned question, the values are:- Exports of Brazil = $780 million Imports…
Q: Consider the following economy C=1000 + 08YD T=0 25Y 1= 325 G = 225 X=450 M 0.1Y Equilibrium GDP…
A: Gross Domestic Product (GDP) is the final value of all the services and goods produced in a year.…
Q: An economist, measuring GDP, first counted the value of aluminum created by an aluminum producer and…
A: GDP is the market value of final goods and services produced by an economy during a given period of…
Q: If exports exceed imports does not make any sense net exports is negative net exports is positive…
A: The answer is - Option 3: Net export is positive
Q: In recent years, people have benefited from greater amounts of leisure time. This trend: has caused…
A: Leisure time is the experience quality of free time from work. It is the time spent away from work,…
Q: Calculate imports in 2020, if exports in 2020 were $21,000 and the net exports is $11,500
A: The information being given is as follows:- Exports in 2020 = $21,000 Net exports = $11,500 We have…
Q: What will be the value of exports if net exports is $1000 million and imports are $3300 million
A: The information being given is:- Net Exports = $1000 Imports = $3300 We have to calculate value of…
Q: Find net Exports given:- Exports = $6400 Imports = $2200
A: The data presented in the question above is:- Exports = $6400 Imports = $2200 Net exports are to be…
Q: When the Japanese car maker Toyota expands one of its car factories in the United States, What is…
A: The economies around the world work, or operate with the motive of increasing their production, as…
Q: You are given the following data. Calculate GNP and GDP at factor cost. GNPMP 600 Indirect…
A: Given, GNPMP= 600GDPMP=GNPMP- Net factor income from abroadGDPMP = 600 - 100GDPMP = 500
Q: Changes in real GDP reflect only changes in the quantities being produced Select one: True False
A: The gross domestic product (GDP) is the total market value of all goods and services produced within…
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- Consider an item that is ordered on a monthly basis. The daily demand for the item is200 and the lead-time for supply is 7 working days. A month consists of 25 workingdays. the cost of ordering is USD 100 per order and the cost ofcarrying inventory is USD 10 per unit per year of inventory.a. What will be the cost of the existing plan of ordering inventory?b. What will be the economic order quantity (EOQ)?c. What will be the new cost of the plan if the organization chose to order as perEOQ?(i) A business manager determines that t months after production begins on a new product,the number of units produced will be P thousand, where P(t) =6?2 + 5?(? + 1)2.What happens to production in the long run ?(ii) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at adistance x meters from the rupture. Turbulence makes it difficult to directly measure thethickness of the slick at the source (where x = 0), but for x > 0, it is found thaty =0.5(x2 + 3x)x3 + x2 + 4x . Assuming the oil slick is continuously distributed, howthick would you expect it to be at the source?Identify and describe four major categories of variablesthat can be used to segment con-sumer markets. Giveexamples of product markets that are segmented byvariables in each category
- Courtney Kamauf schedules production of a popular Rustic Coffee Table at Kamauf Enterprises, Inc. The table requires a top, four legs, 1/8 gallon of stain, 1/16 gallon of glue, 2 short braces between the legs and 2 long braces between the legs, and a brass cap that goes on the bottom of each leg. She has 100 gallons of glue in inventory, but none of the other components. All items except the brass caps, stain, and glue are ordered on a lot-for-lot basis. The caps are purchased in quantities of 1,000, stain and glue by the gallon. Lead time is 1 day for each item. Schedule the order releases necessary to produce 640 coffee tables on days 5 and 6, and 128 on days 7 and 8.You are scheduling production of your popular Rustic Coffee Table. The table requires a top, fourlegs, 1/8 gallon of stain, 1/16 gallon of glue, 2 short braces between the legs and 2 long bracesbetween the legs, and a brass cap that goes on the bottom of each leg. You have 100 gallons ofglue in inventory, but none of the other components. All items except the brass caps, stain, andglue are ordered on a lot-for-lot basis. The caps are purchased in quantities of 1,000, stain and glueby the gallon. Lead time is 1 day for each item. a) Schedule the order releases necessary to produce 640 coffee tables on days 5 and 6, and128 on days 7 and 8. (See Appendix A1.) I need answer in appendix A1 MRP form Please take note of this !!!The local electricity company will be unable to meet demand for a week.DevastatedProvide an explanation for why business continuity measures were taken in each scenario. data from a server by a disgruntled workerThe Covid-19 containment protocols require the company to maintain a minimal workforce for many months.Firefighters flooded servers and other IT equipment while putting out an office fire.After hours, a crucial server farm was broken into.
- Ike's Bikes is a major manufacturer of bicycles. Currently, the company produces bikes using only one factory. However, it is considering expanding production to two or even three factories. The following table shows the company's short-run average total cost (SRATC) each month for various levels of production if it uses one, two, or three factories. (Note: Q equals the total quantity of bikes produced by all factories.) NOTE: PLOT POINTS PROPERLY AND write the x and y coordinates to each point after NOTE: Options to blank question is Suppose Ike's Bikes is expecting to produce 500 bikes per month for several years. In this case, in the long run, it would choose to produce bikes using ______ (One factory OR two factory OR three factory)Blank 1 answer choices: no change, an increase, a decrease Blank 2 answer choices: no change in level output, more output, less outputThe cost formula for a company can be modeled by C=1092+40x+0.1x2C=1092+40x+0.1x2 where xx represents the number of items made. A formula for the company's income is modeled with R=108x−0.9x2R=108x-0.9x2, where xx is the number of items sold. A company will break even when its costs equal its income. How many items must a company make and then sell to break even? Answer: (If there are multiple answers, separate the answers with a comma.)
- PLEASE ANSWER NUMBER 5 AND 6. BES 221-ENGINEERING ECONOMICS: PLEASE GIVE DETAILED SOLUTIONS AND CORRECT ANSWERS. I WILL REPORT TO BARTLEBY THOSE TUTORS WHO WILL GIVE INCORRECT ANSWERS.The following is cost information for the Creamy Crisp Donut Company:Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000Refer to the data. Creamy Crisp's implicit costs are: A. $150,000 B. $94,000 C. $136,000 D. $156,000Suppose the order-up-to model is used to manage inventories. The firm is planning changesthat will reduce the lead time to receive replenishments because the firm anticipates thatthe coefficient of variation of demand will increase even though mean demand per periodremains the same. What can be said about the likely change in the firm’s on-order inventory? a. It will surely decrease.b. It will remain the same.c. It will surely increase.d. More information is needed to determine the impact of these changes