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- “The total demand for goods and services consists of consumption demand,investment demand, government demand and net exports.” In terms of thisstatement, discuss the three sets of demand factors that can lead to economicgrowth.Are the concepts of demand for domestic goods and domestic demand for goods are same? Write brieflyDurable goods and non-durable goods comprise approximately ________ of the supply side of the GDP. 1% 20% 30% 55%
- Using the following transactions below, compile the Supply and Use Table Oil refinery imported $720,000 worth of crude oil to produce. Oil refinery uses crude oil to produce $500,000 worth of petrol and $220,000 worth of diesel. Household purchased (40%) of petrol government (30%), manufacturing (10 %) and exports (20%).. _______ Demand is aa. relationship between prices and the quantities purchased by buyers.b. relationship between prices and the quantities offered by producers.c. quantity of goods available for purchase.d. is measured by comparing the gross domestic product with supply.e. by-product of communism.Oversupply of agricultural products increases poverty for peasants. Graph the oversupply of agricultural products. Identify the total revenue.
- Calculate the gross value added at FC. Sales is 180 billion, rent 5 billion, subsidy 10 billion, change in stock 15 billion, change in raw material 100 billion, and profit 25 billion.Explain how a severe drought in a country whose main activity is agriculture can affect: The gross domestic product of that country The unemployment rate The price index of agricultural productsThe price of a good increased from AED 5000 to AED 7000 and accordingly the quantity sales of that good decreased from 22,000 units to 20,000 units. Calculate the PED, using the mid-point formula.
- 1. DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and Pineapples. The current price of the Mangoes per Kilogram is GHS 50, the Pawpaw/Kg is GHS 80 and the Pineapple is GHS 40. This year the DBS Farms sold 10,000 kgs of Mangoes, 20,000 kgs of Pawpaw and 1 million kgs of Pineapples. In an attempt to improve revenue, the managers of the firm have decided to increase all prices by 10%. Market research has suggested that the price elasticity of demand for each product is: Mangoes: - 1.5; Pawpaw: -2.5; Pineapples: - 0.6. You have been asked to evaluate the planned price increases. Comment on the planned price changes. Would a 10% price reduction have been better for some or all of the products?DBS Farms is a producer and retailer of farm products. DBS main products are Mangoes, Pawpaw and Pineapples. The current price of the Mangoes per Kilogram is GHS 50, the Pawpaw/Kg is GHS 80 and the Pineapple is GHS 40. This year the DBS Farms sold 10,000 kgs of Mangoes, 20,000 kgs of Pawpaw and 1 million kgs of Pineapples. In an attempt to improve revenue, the managers of the firm have decided to increase all prices by 10%. Market research has suggested that the price elasticity of demand for each product is: Mangoes: -1.5; Pawpaw: -2.5; Pineapples: -0.6. You have been asked to evaluate the planned price increases. a. Comment on the planned price changes. b. Would a 10% price reduction have been better for some or all of the products?Which measures the changes in the prices of a "market basket" of some 100 goods produced by typical manufacturers?Group of answer choices The Consumer Price Index The GDP price index The International Pricing Index The Producer Price Index