From the expenditures approach, list and explain the components of GDP ? Example?

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A: Exposure management is designed to anticipate the unpredictable changes in exchange rate.

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A: Given the cost function, C(x) = 50 + 0.10x + 0.001x2

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A: Given,  Future value FV = P 200,000 Growth rate g = 10%Interest rate r = 9.6%

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Q: Explain Supply

A: Microeconomics definition: When a transaction takes place between an individual consumer and an…

Q: Andy runs a small convenient store. He owns the place; he has hired a person for $8 per hour, 8…

A: Introduction  Expenditure is the spending of money on something, or the money that is spent on…

Q: Are wages more sticky upwards or downwards? Why? Explain.

A: Introduction  In economics, wage may be defined as the sum of money paid under contract by an…

Q: 12. Explain in your own words the three strategies where sustainability depends. 3 Strategies: 1.…

A: Sustainable development is a philosophy that intends to accomplish human development goals while…

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A: We know that The central bank is responsible for controlling and regulating the supply of money in…

Q: 7. (Exam 2 2019) Since the consumer price index (CPI) maintains the basket of goods constan through…

A: Answer: Introduction: CPI (consumer price index): CPI is the commonly used method to measure retail…

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A: Monetary and Fiscal Policy, supply side and income policy are government policies that are…

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A: Given that, Principle = 228000 Time period = 7 years Interest rate = 12%

Q: Land 1 1 1 1 1 1 1 1 1 Labor 0 1 2 3 4 5 6 7 8 Total Output 0 3 8 12 15 17 17 63 16 13

A: Given: Inputs(Land and Labor) and Output The land is the fixed input and labor is the variable…

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A: The cumulative distribution function is given as:  F(x) = P(X ≤ x)

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Q: The economy is in equilibrium when Real GDP is Which of the following did Keynes argue would be…

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Q: The price of Pepsi changes from $4.75 to $1.00; initialy Yuval consumed 7 cups of pepsi per week and…

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Q: Suppose the current GDP is $11.3 trillion. Assuming that consumption is $6.7 trillion, investment is…

A: Gross domestic product estimates the financial worth of definite labor and products — that is, those…

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Q: A consumer is faced with the followlling Utility Function, U( x 1 x2) = ( xp +xp  ) 1/ρ, where…

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A: In a market, demand refers the the quantity of goods and services that is needed by the consumers .

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A:

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Q: Given the production function y = ( ip - Kp)1/p  , what is the technical rate of substitution, the…

A: Production function: Y = ( Lp - Kp)1/p  - L = Labor  - K = Capital - p = efficiency factor = 0.5…

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Q: Give 3 reasons for the emergence of International business.

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A: The real exchange rate formula is given as:  Real exchange rate = nominal exchange rate * (domestic…

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A: Present worth concept states that the money received in the future will not be the same worth as…

Q: Suppose Ace Novelty received an order from an amusement park for 2000 Pink Panthers, 1900 Giant…

A: plush for L.A. =  700*1.1 + 1000*2.9 + 600*2.4 (as LA have 700 panthers, 1000 pandas & 600…

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Q: What does it mean for a policy outcome to be a Pareto Improvement? What about a Potential Pareto…

A: Pareto improvement is when an individual is made better off without making anyone worse off.

Q: etermine what happens to the labor force with the retirement of baby boomer

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Q: explain why neglecting opportunity cost in policy-making can cause governments to make poor…

A: The opportunity cost is the benefit of next best alternative which is sacrificed. The opportunity…