Explain what does it mean by a double counting problem in calculating national output. How can we solve the problem?

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Q: Question 10 d Anwser only question d please thank you Assume that there is a free-floating…

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A: In economics, GDP is calculated in different forms to understand the contribution of different…

Q: A machine having a certain first cost has a life of 10 years and a salvage value of 6.6% of the…

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Q: 3. Should there be separate measures of economic output (GDP) and Quality of Life? 4. If Per Capita…

A: Per capita GDP (GDP) is a monetary metric that separates a country's financial result for each…

Q: Suppose that consumer has the following utility function: U(X,Y)= X1/2y1/2 and Px = 1, Py = 4 and 1=…

A: We have cobb Douglas utility function for the consumer and initial prices and income are. Px = 1, Py…

Q: Consumer surplus is equal to: the consumer's willingness to pay for the good, minus the marginal…

A: "Consumers in economics satisfy there demands by buying commodities and services. Consumer surplus…

Q: When a cash deposit is made to a current account in a commercial bank, money supply will decrease.…

A: Reserves are the entire sum of money stored with commercial banks. A check-able deposit is an…

Q: Question 30 The short-run Phillips curve is based on the assumption that there is_____.…

A: A. W. Phillips is credited with inventing the Phillips curve, which says that inflation and…

Q: 1. Evergreen Fertilizer Company produces fertilizer. The company's fixed monthly cost is $25,000,…

A: Here, given information is, Monthly Fixed cost: $25,000 Variable cost per pound: $0.15 Selling…

Q: The period between a business cycle trough and the subsequent peak is called

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Q: Explain how to figure out the number of tubes each company would need to manufacture and sell to…

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Q: Draw a labour market diagram that represents the supply and demand of labour and explain why one of…

A: Wage rate is determined in labour market by market forces demand for labour and supply of it . When…

Q: Monopoly, Practice Question rm P is a monopolist for a new drug that makes people feel thinner, the…

A: According to the Bartleby guidelines solving only first three subpart please post remaining…

Q: Write down the growth accounting equation. Explain each component briefly.

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Q: Money supply decreases if the central bank reduces overnight policy rate. buys back government…

A: The money supply is the total amount of currency and liquid assets in a country's economy on the…

Q: If saving function is given as: S=-110 +0.7(Y), then MPC is 0.3 0.4 O 0.7 None of these

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Q: 2. A firm has a production function given by the following table: Units of Labor 1 2 3 4 5 K=1 3 8…

A: Diminishing marginal returns occur when an increase in Labor led to increasing in output at…

Q: Describe and compare the long run economic growth of a developed and a developing country

A: Economic growth is a term that is used to define the development of countries.

Q: Question A16 (a) Identify and explain three potential barriers to marketing planning. (b) Evaluate…

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Q: Dollars F $15- e $10- $6 D $2 2,000 1,000 1,200 Quantity per period Use the graph above. If the…

A: Equilibrium is achieved at the output level where Qs equals Qd.  Thus Q*= 2000 units and P*= $ 10

Q: Use the following table to answer the question about taxes, where P = Price buyers pay, P, Price…

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Q: Substanlially true stalements made by an applicant on an Accident and Health application are known…

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Q: If 50 units of.a good are sold at a price of $20 and 80 units are sold at a price of $15, what is…

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Q: In this market, the equilibrium hourly wage is $ , and the equilibrium quantity of labor is thousand…

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Q: For each of the following scenarios, determine whether the decision maker is risk neutral, risk…

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Q: Q2. Law of diminishing marginal returns is applicable in both short run as well as long run.  is it…

A: The law of diminishing marginal returns expresses that as an ever increasing number of units of data…

Q: A copayment is a shared medical expense belween.   A.a parent and child   B.the insured and the…

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A: Given information Madina demand function Q1 = 24 – 0.2P1  Haatso demand function Q2 = 10 – 0.05P2…

Q: solve 5 min this is the answer plz write hand written Here, the given graph shows the price for…

A: Note: As student ask for handwritten we are submitting the answer in handwritten.

Q: Organisational Behaviour Select a company on your choice that undergoes organisational failure in…

A: There are many types of phones that we can consider on market, Nokia was one of the varieties of the…

Q: Consider two standard Keynesian models. In Model 1, there are two types of consumers, Type A, who…

A: As per Keynesian economics, the public authority fiscal and financial strategy can influence the…

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A: Stocks are off to a bad start in 2022.

Q: In developed countries main reason for unemployment is Lack of supply O Excess demand O Lack of raw…

A: Unemployment is defined as a situation in which individuals are actively looking for a job but are…

Q: late M1, M2 an M3 using the following Items Negotiable certificates Fiat Money Checkable deposits…

A: In macroeconomics, the money supply refers to the total volume of currency held by the public at a…

Q: Firm 1 and Firm 2 operate in the oligopolistic market and sell a heterogeneous product. They have…

A: Given; Total Cost functions:- TC1=4q12TC2=5q22 Demand function:- P1=10-2q1-q2P2=8-q1-q2 Total…

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Q: The figure below illustrates the two sides of the labour market. X Wage-setting curve No work done:…

A: In economics, different analysis and graphs are used to explain the nature of economic variables.

Q: Walras general equilibrium is based on O All the above O Existence of monopoly

A: Walrus General Equilibrium explains the multi-market equilibrium with the interaction of demand and…

Q: Explain why Oligopolistic market decisions are more difficult compare to other market structures?…

A: It is true to say that oligopoly market structure has relatively difficult to understand as compared…

Q: look at the t-statistics for the relevant coefficients. analyze the standard error of estimated…

A: Polynomial regression is a type of Linear regression where simply because of the Non-straight…

Q: If 45 units are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute…

A: A good's price elasticity of demand is a measure of how sensitive the quantity demanded is to its…

Q: Complete the following analysis of cost alternatives and select the preferred alternative. The study…

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Q: Which of the following statements correctly explains the average cost and the marginal cost of…

A: Marginal cost refers to additional cost that incurs from producing one more unit of output.

Q: Assume in a given month, Japan's export to the U.S. increased. How such an increase will affect the…

A: Here, it is given that Japan makes more exports to US than earlier. It implies that US people make…