Graph A Graph B Graph C Graph D Which of the above 4 graphs best represents the change in the PPF if the economy finds a new deposit of oil? A Graph A. Graph B. Graph C. Graph D.
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- k Your college bookstore receives a shipment of new economics texts for $60,000. This transaction is O A. included in GDP calculation under consumption. B. not included in GDP calculation, since books bought by the bookstore are intermediate goods. C. not included in GDP since books are exempt from GDP calculation. D. included in GDP under investment since the bookstore earns a profit by selling these books to students. JUL 14 atv MacBook Pro G Search or type URL W X Clear all + N Check answer A Que Que Que Que: Ques Ques QuesWhich statement best describes the circular flow of an economy?the flow between businesses and resourcesthe exchange of money, goods, and services in an economya circular flow happens only in a resource marketa circular flow happens only in a goods and services marketASAP!! ANSWER PLEASE Suppose there are only two commodities that can produced in an economy, computers and cycles. If the producer decides to produce one more cycle then why does it cost more to produce the second cycle than to produce the first one, assuming that the cycles are identical? Elaborate your answer using the concept of Production Possibility curve
- Hello: Which of the following best describes a microeconomic question? (A) What is the value of US dollar in terms of other foreign currencies? (B) Should a particular firm enter a market? (C) Is the company of Japan in a recession? (D) What is the value of the goods and services that the United States produces every year? (E) What is the aggregate price level in an economy?An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the production of cars. The car requires $4,000 of steel, $6,000 seats, $10,000 of electronics, $2,000 tires, $10,000 of labor, $5,000 of capital and has a 20% sales markup to consumers. a. What is the total value of intermediate goods? b. What are the total payments to factors of production? c. What is the total value of sales? d. What is the value of GDP from the sale of this car?Subject: Business Economics Q): An economy produced three goods: organ, apple & organ juice. It is assumes that half of the organ are bought & consumed as final good, the other half is used to produce organ juice. In 2019, 20 KG of organ are produced at RS. 50/kg. 40kg of apple are produced at 100/kg, & 25 glasses of organ juice are produced at Rs.200/ glass. In 2020, 40 KG of organ are produced at RS. 80/kg. 60kg of apple are produced at 110/kg, & 30 glasses of organ juice are produced at Rs.195/ glass. Assuming 2019 as base year, Calculate real, nominal GDP & GDP deflator in 2019 & 2020.
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…Assume an economy producing only two goods (shoes and computers) with a fixed amount of productive resources and technology and employing all its productive resources to the maximum. The maximum output combinations of both goods are given in the table below: Combination Shoes ComputersShoes ComputersA 0 1000B 100 900C 200 750D 300 550E 400 300F 500 0 i. Draw the PPF using your knowledge about the shape and slope of PPC.ii. Does the PPF have the expected shape? iii. Explain why your PPF in (a) above depicts that shape.iv. How many computers could society produce if it was willing to do without shoes?v. Why are points outside the frontier unattainable?vi. Identify three ways by which the economy can attain the level of production outside the PPF. vii. What happens to the PPF when technological change overwhelmingly favours the production of computers?viii. What happens to the PPF when the economy discovers an improved technology for producing shoes?
- Suppose an economyuses two resorces (labor and capital) to produce two goods (wheat and cloth). Captial is relativley more useful in prducing cloth, and labor ir relativley more useful in prducing wheat. If the supply of cpatial falls by 10% and the suppy of labor increases by 10%, how will the PPF for wheat and cloth change?Derive the IS relation for this closed economy: C = 200 + 0.25YD I = 200 + 0.25Y – 1000i G = 400 T = 200G, 9 Economics
