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- What do you mean by the F-Statistic? Explain The F-statistic with q = 2 restriction & The F-statistic with q restrictions?Which of these is a possible cause of the value of the Gini coefficient increasing from 30 to 35? a. The average age of the working age population increasing. b. A $5000 increase in the income of the median household. c. Falling incomes across all deciles. d. The income of the top 10% rising faster than the income of the bottom 10%.Define gross incomes?
- Which of the following is not counted in the GNP of Turkey?A) The wage of a Turkish citizen who works in a foreign country for a foreign firm.B) The interest earned by a Turkish bank on loans to a business firm located in Brazil.C) The profit earned by a restaurant located in Turkey but owned by a Mexican company.D) The value of services that are produced by state and local governments in Turkey.In the United States, the average household in the top quintile (of total money income) contains fewer per True FalseWhat is the difference between the income consumption curve and the Engel curve?
- An example of income earned but not received is O a. welfare payments. O b. consumption. Ocundistributed profits. O d. Social Security payments.Compute the GNP using the Income Approach and Expenditure Approach. Personal Consumption ExpendituresP 1,059,000 Compensation of employees and entrepreneurial & propertyIncome of persons980,000 Government Income31,000 Indirect Taxes132,500 Exports of goods and non-factor services648,200 Fixed Capital Formation232,400 Government Services116,000 Imports of goods and non-factor services648,100 Subsidies3,900 Trade237,000 Increase in Stocks7,200 Corporate Income16,000 Depreciation Allowance176,000 General Government Consumption Expenditures86,500 Net Factor Income From Abroad20,600Matthew and Susan are both optimizing consumers inthe markets for shirts and hats, where they pay $100for a shirt and $50 for a hat. Matthew buys 4 shirtsand 16 hats, white Susan buys 6 shirts and 12 hats.From this information, we can infer that Matthew'smarginal rate of substitution is __ hats per shirt,while Susan 's isa. 2, 1b. 2, 2c. 4, 1d. 4, 2
- 1. High incoime family. Income before tax: $500,000 tax rate 37% taxes paid $185,000 after tax income $315,000. 2. Middle income family. Income before tax: $50,000. tax rate 20% taxes paid 10,000 after tax income $40,000 3. Low income family. Income before tax: $20,000 tax rate 10% taxes paid $2,000 after tax income $18,000 Using the table, what is the ratio of a high-income family's income to a low-income family's income before and after taxes?Mr Adam was purchasing 1 kg daal and 6 kg rice. This week Mr Adam is purchasing 2 kg daal and 5 kg rice. What can you conclude from the given information? Discuss all conclusions in detail.What is GNP with example?
