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- 17. Given this diagram; what is the level of G (government purchases of goods and services)? 18. Given this diagram; what is the level of Ca (autonomous consumption)?1. Consider a closed economy without a government. If the GDP of theeconomy is $63,000 and the consumption in the economy is $45,000, thesaving rate in the economy is ________.A) 16.86 percentB) 24 percentC) 28.57 percentD) 35.75 percent7ñ Characterize the different types (interconnected, multidirectional, conflicting, reverse, etc.) of global flows. What do they look like? What encourages them? What can impede them?
- What will be the impact of Covid 19 on global economy and local economic system? Explain.16. Oman is using capital - intensive methods of production. This statement is related to _____. a. How to produce these goods? b. What goods to produce? c. Where to produce? d. For whom to produce?What do economists mean by ceteris paribus? Why is ceteris paribus hard to engineer in practice? Discuss common hurdles
- 03. If the economy is at point D, a) more can be produced of both X and Y, without an increase in resources or improvement in technology. b) to produce more of product Y, some of product X has to be sacrificed. c) the economy is not producing efficiently. d) the economy cannot reach this point without an increase in resources or improvement in technology. e) both (a) and (c) are correctTable:Production Possibilities Schedule I Alternatives A B C D E F Consumer goods per period 0 1 2 3 4 5 Capital goods per period 30 28 24 18 10 0 Reference: Ref 2-1 Table: Production Possibilities Schedule I (Table: Production Possibilities Schedule I) Use Table: Production Possibilities Schedule I. If the economy produces two units of consumer goods per period, it also can produce, at MOST, _____ units of capital goods per period. Select one: a. 28 b. 24 c. 30 d. 18 I think the answer is 2422.How would the Great Recession of 2007–2009 be pictured in a typical production possibilities curve?