Economic growth is defined as an increase in Group of answer choices investment. real output. household consumption. nominal GDP.

Q: True or False, with Explanation: Soft pretzels cost 30 cents in the store, but I buy one for $2…

A: The trading of securities,sometimes assets as well as derivatives, and other financial instruments…

Q: PROBLEM 3. If you borrow money from your friend with simple interest of 12%, find the present worth…

A: Present value refers to the value of the expected income determined from the date of valuation. This…

Q: 5. Given the following information about two asphalt mixing plants that a contractor can buy state…

A: Given information The small plant has a capacity of 250 tons mixed per hour with a total cost of $80…

Q: Consider the utility function u(x₁, x₂) = √√x₁+√√x₂. Prices are p₁, P2, and income is I. (a)…

A: Given  Utility function: u(x1,x2)=x1+x2                ..........(1) The price of good 1 is p1 and…

Q: Find f'(t) if f(t)= - 3t² +2t+7. f'(t)= (Simplify your answer.)

A: f'(t) is the first order differentiation of f(t). So we find df(t)/dt to get the required results.

Q: One of the three basic principles of a sound tax system is “fiscal adequacy”. Define this term,…

A: A nation's economy and national exchequer can benefit greatly from a sound tax system. The country's…

Q: a) Market participants, including financial institutions, fund managers and corporations, must…

A: Macroeconomics is the branch of economics that examines how the entire economy is decided upon,…

Q: In theory, a greater number of poor and developing countries such as Ghana should be catching up…

A: Lack of resources to meet necessities like food, clothing, and shelter constitutes poverty. But…

Q: Why Keynes argues that the “Classical” approach is a “special case” while his approach is the…

A: Introduction The classical economist believes that there is full employment exists in the economy.…

Q: A fruit grower can use two types of fertilizer in her orange grove, brand A or brand B. The amounts…

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Q: Consider a shop that produces bagels in a monopolistically competitive market. The following graph…

A: When a large number of businesses provide rival goods or services that are comparable but imperfect…

Q: 3) You were recently chosen to be the new CEO of Rocket to the Moon, a company that contracts with…

A: The Bertrand model uses the price of a unit of a product to effect market demand, whereas the…

Q: 2. Two players have to divide a perfectly divisible cake of size 2. Half of the cake is made of…

A:

Q: In three sentences or less, define and explain the triple-taxation issue and how congress has…

A: When a taxation authority, which is most often a government, levies or imposes a financial…

Q: . On October 1, Brooke purchased a used car for $12,000 and agreed to pay for it as follows: 14/down…

A:

Q: Explain the process of Monetary Policy transmission of an increase in the cash  interest rate. Use…

A: Controlling the amount of money in an economy and the channels through which it is supplied is known…

Q: “Market forces should be allowed to allocate resources”. Is this a positive or normative  statement?

A: When talking about economic statements, it can be said that these statements are classified as…

Q: The VHS rental market, lead primarily by Blockbuster for decades, has largely been decimated by…

A: Economic theories of innovation analyses the technology factor and its impact on economic growth.

Q: Armando consumes two goods: grapes and wine. He can purchase both at the market and also possesses a…

A: The Alfred Marshall-named Marshallian demand function defines how much a consumer needs of a certain…

Q: Economic growth is the process of Group of answer choices All of the above producing more…

A: In an economy, people make economic activities by exchanging products, services and other assets…

Q: Question     In the utility function above, x and y are substitutes. The Consumer Maximization…

A: Utility function Max(x;y)=5x + 6y Budget constraint x + 2y = 10 MRSxy=5/6

Q: Suppose in Cape town there is only one producer of Wine knowns as Cape Town Wines. Cape Town Wines…

A: Import quota refers to the maximum limit on the quantity of the product that can be imported.

Q: Which of the following pieces of legislation would be considered part of the economic stabilisation…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: What are the main components of measuring GDP with what is demanded? (briefly)

A: GDP calculates the monetary value of the final goods and services—those purchased by the…

Q: C (Q₁, Q₂) = Q1 +3Q² where Q₁ and Q2 represent the output levels of product 1 and product 2. (a)…

A: Total revenue from selling commodity 1 = P1Q1 Total Revenue from selling commodity 2 = P2Q2 Total…

Q: The opportunity cost in the figure is: Bread 5 4 3 2 1 0 Butter 1 2 3 The slope of the relationship…

A: PPF's slope provides an opportunity cost of producing one item versus the other item, and the…

Q: Table 2-1 Good Rulers Pens Pencils Quantity (2020) Price (2020) 1 000 R3.00 2 000 R5.00 600 R6.00…

A: GDP-  It calculates the monetary worth of the final products and services—those purchased by the…

Q: What is the business cycle? Which part of the business cycle is of particular concern to…

A: Macroeconomics refers to a branch of economics dealing with the performance, structure, behavior,…

Q: Describe the forces that drive family formation according to the neoclassical/Becker model of family…

A: Family Formation is defined as a process in which relationships are created between an individual…

Q: 2. Given the cash flow diagram below, answer the questions by marking on correct HOY 1 2 ← $19,500…

A: The initial cost of an asset/machine/project is the cost incurred at time zero. The initial cost is…

Q: At i = 10% per year, a machine has a first cost of $8,000 and estimated operating costs and year-end…

A: In the provided case the equated annual cost method of analysis is an optimal computation to decide…

Q: Assume that an economy is initially operating at the natural rate of output (full employment…

A: The Promotion AS (aggregate demand-aggregate supply) model is an approach to showing national income…

Q: The Federal Reserve raised the target range for the fed funds rate by 75bps to 2.25%- 2.5% during…

A: Inflationary’ pressure’s and worries about possibility of economic overheating may be driving the…

Q: Give the definition of GDP and explain what items are not included in its calculation and what is…

A: The amount of goods and services generated in an economy each year is referred to as GDP. To…

Q: Isabelle is working on her real estate analysis project. She is gathering data that would help her…

A: Location Quotient is defined as a statistic which is used to measure the industrial specialization…

Q: It is said that tariffs varied and are used based on economic situation and stance.  why is it used…

A: A tariff is a sort of expense required by a country on an imported decent at the boundary. Tariffs…

Q: Explain why the AED200,000 in 2020 cannot be the same as the AED200,000 in 2010.

A: When talking about the currency 'AED', it is said that it stands for United Arab Emirates Dirham and…

Q: An individual is observed throwing money into the sea. Is this behaviour consistent with the…

A: In economics, optimization aims at achieving efficient usage of the resources—maximization of…

Q: Compute for the effective interest rate every 3 months of the nominal rate us 16.66% compounded…

A: The effective interest is generally higher than the nominal rate because it will be calculated with…

Q: Suppose the fridge daily cost function produced at Friga's Frigid Fridges is represented by the…

A: C(x) = x32000-x250+50x + 20000

Q: Max chooses to purchase movie tickets and restaurant meals every week with his $100. If the price of…

A: A customer experiences a budget constraint when their ability to spend depends on their income. We…

Q: The change in consumption resulting from a given change in real disposable income The curve that…

A: Income refers to the money earned through production or through rendering their services. Income…

Q: A numerical restriction on amount of a good imported is called a Group of answer choices quota.…

A: International trade barriers:- Tariffs, quotas, and nontariff barriers are the most frequently…

Q: 6 Find the derivative of f with respect to x of f(x) = In x The derivative off with respect to x of…

A: Derivatives are known as the rate of change of something with respect to a particular thing. In…

Q: Your beginning salary is $80,000. You deposit 10% each year in a savings account that earns 7%…

A: The value in Year-1 dollars means the computations of the present worth. To compute it determine the…

Q: Burger King has introduced new strategy by reducing the price of its Whopper by 75 percent if…

A: Game theory Game theory provides a theoretical framework for imagining social interactions between…

Q: Suppose that the government expenditure multiplier is equal to 6. By how much should the government…

A: An inflationary gap is a difference between what GDP (Gross domestic product) would be under full…

Q: Suppose, two trading partners simultaneous implement an optimal tariff due to trade wars then    A.…

A: Optimal tariffs Robert Torrens was the initial person to recognize the potential for a tariff to…

Q: The concept of Diminishing/Decreasing Marginal Returns is one of the core economic principles, and…

A: When talking about diminishing or decreasing marginal returns, it can be said that it is an economic…