$500 Houses Conuer spending $4006 hand written plz T Imports -$100 Goverment Government Purchases Exports Shof goods and -5.30 word -$100 (Figure: Circular-Flow Model) Use Figure: Circular-Flow Model. What is the value of GDP in this economy? $199 Feder mahers Texes Goods and services
Q: The Blumen Yacht Building Company buys Marine Parts Corporation, a fum that makes shipbuilding…
A: A corporation refers to a legal entity that is different from its owners and exists independently…
Q: Gracie bought a CD for $810 that earns a 2.9% APR and is compounded quarterly. The CD matures in 5…
A: Given that, Present Worth (PW) = $810 rate = 2.9% or 0.029 (compounded quarterly) Time(t) = 5year
Q: mat nominal GDP was $12 trillion in 2040 in Mordor. In 2050, nominal GDP was $15 trillion in Mordor.…
A: Nominal GDP estimates a nation's GDP utilizing current costs, without adapting to inflation. Balance…
Q: The more inelastic the supply. OA. the larger the portion of the tax paid by producers. B. the more…
A: Price Elasticity of supply measures the responsiveness of quantity supplied with respect to change…
Q: of buyers with distinct needs, cha might require separate marketing strategies or mixes A) Mass…
A: According to the Bartleby guidelines policy only first three subpart solve please post question…
Q: What if all industries are decreasing-cost industries in nature. Would we observe ever-declining…
A: Declining cost industry refers to industries whose average prices decrease after increasing Or, in…
Q: Since the year 2000, the U.S. government has always been running a budget surplus. A. This statement…
A: The federal budget is used to establish financial priorities, such as social security, military, and…
Q: The main factor that separates wealthy from poor countries is A.) Differences in productivity…
A: The gap between the rich and poor is widening rapidly.
Q: What types of empirical studies (across-state studies or national studies) does the author prefer,…
A: Introduction Empirical studies gives direct outcome about the field. It uses verifiable evidence to…
Q: Price (dollars per unit) 120 100 80 60 40 80 20 0 20 40 60 Quantity efer to the figure above. Which…
A: The law of demamd expresses that at greater costs, purchasers will demand less of a economic…
Q: QUESTION 1 The goal of the consumer is to maximize the total utility or satisfaction derived from…
A: When a consumer enters in the market, he make purchase of different goods and services and consume…
Q: What is infrastructure
A: To connect supply chains and effectively move goods and services across borders, the economy needs…
Q: What can we say about the wage difference between jobs that require education and those that do not?…
A: The costs that are being paid by an employer to an employee for carrying out the work assigned to…
Q: endy decides to open her own business and earns 70,000 in accounting profit the first year. When…
A: The measure that depicts expenses that are incurred by a business for carrying out its day-to-day…
Q: In production of goods, what is the difference between Short Run period and Long Run period? Why it…
A: The short-run and long-run are macroeconomic concepts that arise due to the time horizon associated…
Q: Which of the following measures is conceptually the same as price? A) Marginal revenue. B)…
A: Marginal Revenue is the additional revenue earned by the selling one more unit of output. Average…
Q: Suppose auto workers as part of a new union agreement negotiate higher hourly wages, what impact…
A: Here, it is given that hourly wage of author workers has increased due to a new union agreement.
Q: 1. Consider a production function of corn in sales with two inputs defined by ƒ(x₁, x₂) = 2/3 1/3 X1…
A: Production is maximised at a level where marginal rate of technical substitution equals the price…
Q: "If the required reserve ratio is 20% and the current deposit is $50,000. Calculate the amount of…
A: The information given to us:- The right choice is a. "$200,000" Reason: Cash holds proportion, CRR =…
Q: Quantity Total Benefit 0 20 60 300 500 Total Cost 20 Marginal Benefit 5 Marginal Cost
A: The basic concept that will be used to fill missing values in the given table Marginal benefit is…
Q: The national expenditure identity says that A.Y=C-S-T. OB.Y=C+I+G. OC.Y=C+I+G+ NX. O D.Y=C+I+G+ NX +…
A: The measure that depicts the final value of goods and services produced in an economy during a given…
Q: J 7 Though many MNCs espouse and follow rigid codes of social responsibility in their home countries…
A: Corporate codes of conduct are individual corporate policy declarations that outline a corporation's…
Q: The following table provides information about producti Number of Workers TVS Produced Marginal…
A: Introduction We have given production of Sony production. Marginal physical product of a factor of…
Q: Consider a Bertrand Duopoly Model. Marker demand curve is given by Q = 200-P. Firm A has a marginal…
A: Marginal cost basically denotes the value of the incremental cost which is gradually incurred when…
Q: lives on an island economy and consumes only coconuts. Her utility function is given by u= √C, C is…
A: Utility is the satisfaction which is derived from consumption of good.
Q: The government of a country is not considered a resident while calculating the balance of payments.…
A: Balance of payment is the records of all monetary transaction occurred between countries .It…
Q: Match the term with its correct definition. 1. Deflation Externality Fallacy of Composition A side…
A: For given terms the correct options are -
Q: An income tax put on a person's income raises the same amount of revenue as a quantity tax put on…
A: People are exposed to a consumption tax when they spend money, similar to how much they buy. When…
Q: Find the maximum value of the production with q = 2K0.7L0.25 under the budget restriction 5K +3L =…
A: Given: The production function is: q = 2K0.7L0.25 The budget equation is: 5K + 3L = 75 To Find: The…
Q: If exports drop by $10 billion and imports rise by $7 billion, then what's the net export change?…
A: Introduction Net exports is the difference between value of goods and services a country exports to…
Q: According to the efficient market theory, prices of actively traded stocks can be under- or…
A: Stocks are the financial instruments that firms or organizations raise and sell to the investors in…
Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…
A: "In economics unemployment means people who want to work and are actively seeking for jobs but…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: ReaL GDP = current year output * prices in base year = Current year output of shoes * price in 2012…
Q: The RBA: a. acts as the federal government's bank and collects income taxes. b. provides all paper…
A: RBA refers to the Reserve Bank of Australia.
Q: Which of the following would most likely shift the production possibilities curve inward?…
A:
Q: Calculate the amount of simple interest and the amount for: a)$40,000 at 36% per year in 3 years and…
A: To calculate the Simple interest we need to solve for separate time periods . We need to solve for…
Q: Portfolio ABZ has a daily expected return of 0.0634% and a daily standard deviation of 1.1213%.…
A: Introduction Value at risk ( VaR) is the measurement of worst case downside risk to an investment or…
Q: Mr. Angelo borrowed $50,000.00 at a compound interest rate of 3% per month, with a promise to repay…
A: Borrowed amount = 50,000 $ Interest rate = 3 % per month compounded Time = 1 year
Q: hat is the amount generated by a capital of $10,000 applied to compound interest for the following…
A: given Capital amount = 10,000 $ Formula = amount * (1 + rate)^time
Q: What important function do institutions serve for economic development? O They assign resources to…
A: 1. The answer is - They regulate innovation and research. Explanation The impact of institutions on…
Q: 18. Small country has 3 citizens with the utility function U; = (4X; + G)1/4, 1 citizen with the…
A: Introduction We have given utility function of 3 citizens of a small country. They consumed two type…
Q: 1. A company mecessfully introduced wireless, studio quality carbads. This recent innovation has…
A: Given; Demand function; P=250-0.00125Q Cost function; C=1806250+25Q+0.001Q2 Formula to calculate:-…
Q: A tunnel through a mountain is being considered as a replacement for an existing stretch of highway…
A:
Q: The demand and supply curves for instant oatmeal are as follows: Qa = 100.5Pd, where Qa is the…
A: Equilibrium in the competitive market is achieved where demand equals supply
Q: Why is it important to create a budget and to manage your cash flow?
A: Budget is an estimation of revenue of expenses over a specific future period.
Q: Export promotion provided infant industries with a protected market in many developing countries. O…
A: In an economy, export promotion refers to the situation when government provides some subsidy or…
Q: How does stakeholder emphasis of the creation of stakeholder value differ from the economic model?
A: The best possible return for each stakeholder in an organization is what is meant by "stakeholder…
Q: Exchange rates a. are always fixed between the currencies of two countries. O b. fluctuate to equate…
A:
Q: Suppose the reserve ratio is 20% for all banks. If the Fed increases bank reserves by $200, then the…
A: A bank reserves is basically referred to as the that portion of the bank certain deposits which are…
Q: A. Explain how MP = decreasing within the Cobb - Douglas function ( explain the functions and their…
A: Cobb- Douglas production is the technological representation of the two input production approach in…
Step by step
Solved in 2 steps
- Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…
- Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q Solve for Consumption Expenditure, Household Savings, Imports https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/849c5d9a-4bb7-48c4-8b89-ccc576cdc909Consider the following data for a particular economy:GDPmp = 950Private consumption = 750Gross investment = 100Net investment = 80Exports = 250Imports = 300Net Indirect taxes = 50Net external income = 100Balance of transfers with the Rest of the World = 50Private savings = 300Calculate:a) NNPbp (Net National Product). b) Current balance. Interpret the result obtained.You are given the following information about an economy : Gross private domestic investment =. 40Government purchase of goods and Services. =. 30 Gross national product ( GNP). =. 200Current account balance. =. -20 Taxes. =. 60Government transfer payment to thedomestic private sector. =. 25Interest payment from the governmentto the domestic private sector. =. 15Factor income received from rest of world. =. 7Factor payment made to rest of world. =. 9 Find the following, assuming that government investment is zero. : a) consumptionb) Net exportc) GDPd) net factor payment from abroade) private savingf) government savingg) national saving
- Assume that an economy is operating inside its PPF Explain how you would use the PPF to measure the ocost to the economy of operating insidethe PPFHint: You should use the terms potential GDP and GDP gap in your answerk Your college bookstore receives a shipment of new economics texts for $60,000. This transaction is O A. included in GDP calculation under consumption. B. not included in GDP calculation, since books bought by the bookstore are intermediate goods. C. not included in GDP since books are exempt from GDP calculation. D. included in GDP under investment since the bookstore earns a profit by selling these books to students. JUL 14 atv MacBook Pro G Search or type URL W X Clear all + N Check answer A Que Que Que Que: Ques Ques QuesA. Which expenditure category do each of the following items count in? Group of answer choices - (consumption, none, government spending, investment, net exports) you spend your tax refund on a new car built in America? the government builds a new school? you sell a used textbook to your friend? Company X buys solar panels built in China? B.Which of the following is an example of a durable good? Group of answer choices gasoline a television an ice cream cone a pair of socks
- Assume an economy where spending for each sector is: Household: C = 800 + 0.95Q Business: I = 3000 Public: G = 4000, Tr = 7000, Tx = 1000 + 0.3Q Foreign: X = 1700, Im = 200 + 0.165Q https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/849c5d9a-4bb7-48c4-8b89-ccc576cdc909 https://www.bartleby.com/questions-and-answers/assume-an-economy-where-spending-for-each-sector-is-household-c-800-0.95q-business-i-3000-public-g-4/044236d2-77e3-4fd5-af05-6b44169c63c0 a) Solve for Net Exports, Government Expenditure, Budget Deficit b) Continuing with the previous problem, what happens to the values in parts Autonomous Spending, Spending Multiplier, Disposable Income, Consumption Expenditure, Household Savings, Imports, Net Exports, Government Expenditure, Budget Deficit if we increase Government Purchases by 1500? Look at the link for the solutions for previous problem c) Continuing with part…Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…Suppose you are given the following data for a particular economy (unit: Millions of Euros):Gross National Income mp (GNImp) =1650Investment (I) = 220(Iliq) Net investment = 210Private consumption(C) =1100Net External Income (NEI) = 0Net Indirect Taxes (NIT) = 231Public Spending (G) = 363 Calculate: a) Balance of Goods and Services or Net Exports (NX) and Amortizations/Depreciations (A). b) Net National Product at Base Prices (NNPbp) and Net Domestic Product at Base Prices (NDPbp)