GDP Growth rate of NGDP? Growth rate of RGDP? GDP deflator year 1? GDP deflator year 2? What was the inflation rate between the two years?

Q: 1.1. Kenya has a comparative advantage over Uganda in the production of sugar if it: (1) Is able to ...

A: An economic entity or nation is said to have a comparative advantage in the production of a good or ...

Q: .Make a graph to illustrate the effects of the following events on the demand curve and explain: a. ...

A: a. As the major oil companies roll back gasoline prices, there will be movement along the demand cur...

Q: Identify the two major accounts of the balance of payments and explain the key difference between th...

A: The balance of payment records all the monetary(or economic) transactions with the rest of the world...

Q: Economics Question

A: Production possibility frontier: A production possibility frontier (PPF) can also be known as the pr...

Q: Please answer this question

A: The "Eleven tips on getting more efficiency out of women" published in 1943 revolves around the tips...

Q: The Public Service Company of the Southwest is regulated by an elected state utility commission. The...

A: Given information: Total assets = $500,000 Demand function: P = 250 - 0.15Q Total cost function: TC ...

Q: Question 2 Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can p...

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any...

Q: Explain why firms face different costs in the long run than in theshort run.

A: The firm is operated under Short-run means its production is for a short period of time for e.g. One...

Q: Outline why legislations relating to employment exists

A: Answer: Introduction: Legislations relating to employment exist to protect the workers from wrongdoi...

Q: 4.7 Hudson Corporation is considering three options for managing its data processing operation: cont...

A: The risk profile is showing the total cost with the probability. The optimum option is the one which...

Q: 10. Use a production possibility frontier to describe and explain the idea of efficiency, as economi...

A: Economic efficiency as per the economist is a state in which each resource is allocated optimally to...

Q: Problem 1 If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fi...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: just answer part d and e here is the answer of part a,b and c

A: We know,  N=160/w If, w=16 N=160/16 = 10 hours of leisure Consume = 24-10 = 14 hours

Q: For Questions 13 and 14, Consider that Kim is a Nurse at a hospital in Atlanta and in 2010 she made ...

A: Consumer price index (CPI) measures the price change of a particular bundle of goods from different ...

Q: 6

A: Given the interest rate = 9% life of alternative C=10 years life of alternative D = 5 years The form...

Q: Assume that The three beachfront parcels are sold to the people that you indicated in the previous s...

A: Answer: Given: Willingness and ability to pay: Explanation: Willingness and ability to pay/purchase...

Q: Which would be more price elastic, the demand for Netflix online streaming or the demand for online ...

A: The price elasticity of demand shows the change in the quantity demanded of a good due to a change i...

Q: In what sense do positive externalities cause the so-called "invisible hand" of the marketplace to "...

A: A market is the place where the buyers and sellers interacts with each other and the exchange of goo...

Q: Explain the difference between fixed and variable costs, and giveexamples of each.

A: Fixed and variable costs are the types of production cost that a producer incurs while producing a c...

Q: Assume you are the CEO of a company that has invested $5 billion in a COVID vaccine, but the vaccine...

A: Given, Total amount already invested = $5 billion Expected sale = $3 billion Cost to complete the va...

Q: How do choices end up determining what, how, and for whom goods and services areproduced? Graphicall...

A: A production possibility frontier or the production possibility curve shows the possible combination...

Q: Suppose the current CPI is 252 and in 2005 it was 196. A pair of Levi’s jeans costs $43 today. Based...

A: A price index number is a macroeconomic measure that compares a series of prices in different time p...

Q: TRUE OR FALSE (give the reason if the answer is false) 1. Increasing in the skirt price by 20% led ...

A: Price elasticity refers to the responsiveness of the quantity demand due to change in price. If the ...

Q: Vik and Fleet produce trainers in the sports-shoe market. For one of their main productsthey have th...

A: Given information: There are two persons V and F. Person V's demand PV =175 - 1.2QV  V's quantity = ...

Q: Please assist me with solutions.

A: Equilibrium output is occurred at the point where the demand and supply is equal. The equilibrium pr...

Q: 18.  The demand and supply of bowling balls is given by Qd = 20 – P and Qs = -10 + 4P.  The governme...

A: Given, Demand function: Qd = 20 – P Supply function: Qs = - 10 + 4 P Subsidy: b = $2 A) Before subsi...

Q: “In the past 15 years, technological advancements have led to an increase in the production of compu...

A:   Meaning of Demand: Demand for a commodity refers to as the desire to buy a commodity-backed with s...

Q: The president announces that the national deficit is decreasing, but at an increasing rate. Interpre...

A: Answer: The national deficit is decreasing but at an increasing rate. In that case, the first-order ...

Q: How does diversification match up with specialization

A:   Meaning of Specialization: The comparative advantage under specialization is because it is vital t...

Q: Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523 un...

A: a)

Q: Use willingness to pay and willingness to sell to determine supply anddemand at a given price

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Q: You are given the following information about a closed economy with no government: Consumption = 115...

A: A two-sector economy assumes that there is no government, and it is a closed economy. Autonomous spe...

Q: Evidence accumulates that the use of chemical fertilizers, which increases agricultural production g...

A: A. The PPC is the production possibility curve that illustrates the different combinations of two co...

Q: Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: PF =...

A: Given:Maria's income is $2000,price of food (PF) is $5 and price of clothing (PC) is $20 Maria can b...

Q: Solve

A: The production function is given as, `Y=K0.5L0.5 where the K is the amount of capital and L is the a...

Q: Evidence accumulates that the use of chemical fertilizers, which increases agricultural production g...

A: A. The PPC is the production possibility curve that illustrates the different combinations of two co...

Q: Compute the RELATIVE risk aversion measure rr(W) of the following utility function (the form of whic...

A: Given: U=W1-γ-11-γ,  when γ≥0,γ≠1U=lnW,  when γ=1 Relative risk aversion formula is:rr(W)=-WU''(W)U'...

Q: A sum of $5000 is deposited in a project account and left there to earn interest for 15 years. If th...

A: Amount deposited in the project = $5000 Time period for which the deposited amount earns interest ra...

Q: , there is a decline in the number of  American tourists to South Africa.    Explain, with the aid o...

A: The exchange rate refers to the value of the currency of a particular country in terms of the curren...

Q: Define and graph total cost, average costs, and marginal cost.

A: The cost of producing/manufacturing all the units of a good by a firm is estimated by the total cost...