How can you explain the sharp increase of Crude oil prices at 2004-2005 and sharp decrease in mid 2008. Globally what were the economic and political returns/contributions of these fluctiations.
Q: Examine the fundamental causes of a nation's business cycle fluctuations. Also, examine the…
A: A cycle consisting of expansions and contractions in the aggregate economic activity of a nation is…
Q: [Question to Hand-In] Output Y is produced by firms according to the production function Y =…
A: The Solow growth model shows how the growth in capital stock, growth in the workforce and the…
Q: QUESTION 16 The rule of 70 indicates that a 7% annual increase in the level of real GDP would lead…
A: Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by…
Q: To measure a real increase in wages, the changes would have to be averaged. the wages would have to…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Input Quanity 100 150 200 Real domestic output 200 300 400 The table gives information…
A: Per unit cost of production is the average cost of production. In the long run, a firm charges a…
Q: Suppose that in our economy: G =1100, T = 900, S = 140, and NX = -90. How much of our final product…
A: Given information: G = 1100 T =900 S =140 NX = -90
Q: Answer this question based on the given information for an economy in some year. Dollar value of…
A: gross output means means total production of new goods and services in an accounting period so we…
Q: The price and quantity data for Year 1 and Year 2 are as follows: Bread Butter 100 50 Year 1…
A: Real GDP Real GDP is measured by dividing the Nominal GDP by GDP Deflator. We calculate Real Gross…
Q: could you help me answer these questions? 1. What impact do the CSR policies of companies have on…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: Which macroeconomic indicators make a projection in a project decision
A: Macroeconomics indicators are the static data that reflect the economic condition in near future.…
Q: Suppose that Indonesia's national production function is Y = K 05L 05, where Kis the amount of land…
A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: The following data give the dates of successive turning points in economic activity and the…
A: Expansion period is the phase of the business cycle where real GDP grows for two or more consecutive…
Q: Household spending by all UK households amounted to over £500 billion in 1997, or 63% of gross…
A: 1.Environmental factors that can affect consumer durables are weather,pandemic,rain,natural…
Q: Malaysian real GDP is substantially c era. Prior to the pandemic, the ccom However, due to the…
A: The real GDP measures the real value of the goods and services produced within a country during a…
Q: ?Provide 2 situations why diminishing return could happen in Alba
A: Diminishing marginal returns: It is the theory that helps in showing that all the goods and services…
Q: instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure…
A: The balance of trade, commercial balance, or net exports, is the difference between the monetary…
Q: onsider an imaginary economy that has been growing at a rate of 3% per year. Government economists…
A: Growth rate of economy depends on how GDP is increasing which is the value of final goods and…
Q: What is the contribution of banana leaves plate or biodegradable plates to the economy?Explain.
A: Banana Leaf Technology, for example, is working to address this stark reality by suggesting banana…
Q: Q 02. Which one is true? Ops: A. C GNP = GDP + Depreciation %3D B. ONNP = GNP + Depreciation C. ONNP…
A: Gross National Product is the total value of goods and services produced by means of production that…
Q: Y=5K/5L4/5, where Y is output, K is capital, and L is labor. Firms are price-takers and maximize…
A: Given production function :- Y = 5K1/5L4/5
Q: The total market value of all final goods and services produced within a given period by factors of…
A: Statisticians and economists apply different methods to trace growth of economy. The most common and…
Q: Please answer the questions provided on the image below.
A: That 30 years old chain smoking student is contributing in the growth of the economy as he is from…
Q: Year GDP Disposable Income Consumption Imports 2036 $1050 $840 $830 $111 What is the marginal…
A: The marginal propensity to import is the adjustment of imports prompted by an adjustment of…
Q: COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global…
A: Economies of different nations have experienced worse during pandemic and the main factor for the…
Q: do you think Pakistan economic situation will improve or deteriorate in next 5 years? Explain…
A: The Pakistan economic situation will improve in the next 5 years because of the country economic…
Q: Do less developed countries where large batteries for vehicles are produced show any indications of…
A: The less developed countries do not have proper arrangement for the disposable of electric waste and…
Q: Using AD-AS analysis show graphically and explain the effect on the equilibrium level of price and…
A: 1. A increase in the productivity of a resource will also increase change the demand for it…
Q: 1.Which of the following prices would you expect to rise rapidly over long periods? Why? a. Cable…
A: There will be an increase in the prices of the goods rapidly because of the following reasons: When…
Q: Use the production function of the hypothetical economy 1000 represented in the graph to answer the…
A: Answer: Introduction: The steady-state level of output: steady-state capita is the state where…
Q: TheeconomyofGhana ismadeupofthreesectorsnamelyAgriculture,Industryand Se rvice s. The se thre e…
A: *Tha three sectors of Ghana’s GDP are agriculture, industry, and service. * There are equal effect…
Q: If you have the following data that representing an econo of a country as follow: transfer payments…
A: Sorry we are only allowed to answer one question at a time .
Q: Compare the present macroeconomic environment with the last two years.you are to take reference of…
A: The Islamic Republic of Pakistan is a South Asian Nation that came into existence in the year 1947…
Q: Sy 6) Which of the following is the LEAST senous impodiment to econemic growth in MENA and SSA? A.…
A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the…
Q: 18) Suppose that in our economy: G 1100, T 900, S 140, and NX = -90. How much of our final GDP Is…
A: Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: discuss why sustained increases in living standards are a historically recent phenomenon.
A: Expansion in the living standards are a verifiably ongoing phrnomenon. Prior to industrial…
Q: The table below contains data for the country of Batterland, which produces only waffles and…
A:
Q: Since 1980, aggregate per capita GDP in sub-Saharan Africa has declined at almost 1 percent per…
A: A country's economic output is broken down by its per-capita gross domestic product (GDP), which is…
Q: The price and quantity data for Year 1 and Year 2 are as follows: Bread Butter Year 1 Quantity 50…
A: Real GDP = when the good of a year evaluated at base year prices.
Q: Britney is a baseball fan and attends several games per season. Her expenses per season are listed…
A: The given table shows the expenses of Britney for a season of baseball km teoyear where year 1 is a…
Q: Which industry is somewhat protected from economic downturns? (Select all that apply) O Capital…
A: NOTE: We;ll answer the first question as the exact one isn't specified. Please resubmit the question…
Q: After the Second World War the economy of Japan was devastated. Currently it is considered the…
A: Japan was significantly impacted by the Second World War as it was devasted, but it recovered…
Q: If the current market price rises, does current extraction increase or decrease? What if the future…
A: The reserves of non-renewable resources are being extracted at a fast pace which has lead to their…
Q: , while Services sells 70% of its output to Goods and retains . Find equilibrium prices for the…
A: A goods is a tangible thing that buyers want or own. A service is definitely not a substantial or…
Q: ou have been employed as the chief economist for the economy UWI Land. The head statistician has…
A: The income approach compares a country's overall output to the total factor income obtained by its…
Q: Refer to the information provided in Table Table $Billions 600 Durable goods Nonresidential…
A: Given $ Billions Durable goods 600 Nonresidential investment 400 Federal purchases of…
Q: 10.5 Linear trend (y) 10.0 Log of GDP per capita 9.5 y= 0.0214x + 8.7782 R = 0.9889 9.0 8.5 Year…
A: According to the question, the given graph represents the fitted linear regression line to the log…
How can you explain the sharp increase of Crude oil
Step by step
Solved in 2 steps
- What is the contribution of banana leaves plate or biodegradable plates to the economy?Explain.The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = −0.036t2 + 0.62t + 8 million barrels per day (0 ≤ t ≤ 10). † Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2008. (Round your answers to the nearest $1 million.) daily oil revenue $ million rate of change in 2008 $ million/yrAfter the Second World War the economy of Japan was devastated. Currently it is considered the "Dragon of Asia" because of its high levels of economy and humand evelopment. Explain the principal factors associated to Japan’s fast economic recovery.
- Explain why tourism satellite accounts are useful and give examples for direct and indirect effects (two examples for each) in tourism related field.11.3 The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = −0.08t2 + 1.2t + 5.5 million barrels per day (0 ≤ t ≤ 10). † Use these models to estimate Russia's daily oil revenue and also its rate of change in 2007. (Round your answers to the nearest $1 million.) daily oil revenue$ millionrate of change in 2007$ million per yearWhat are the factors, why volume of production of rice in Central Luzon (Philippines) decreased in year 2020 compare to 2019?
- i need help , i keep getting it woring and this is my last chance macroeconmics question 5TheeconomyofGhana ismadeupofthreesectorsnamelyAgriculture,Industryand Se rvice s. The se thre e sectors contribute to the national output. For de cade s prior to the 2000s, the Agricultural sector contributed the most to the national output. Sadly, in recent years however, the sector has been the least contributor to national output. Trends in production of major food crops such as maize, rice and sorghum show that on-farm productivity has stagnated and the exploitable difference between the actual and the potential output of most ofthe crops (yield gap) has widened. Low and inadequate levelsofusageofproductivityenhancingtechnologiessuchasqualityseeds of improved varieties and fertilizer, thin extension services and weak market linkages contributes to the poor agricultural performance. It was against this background that theNPP-led government implemented one of her flagship programmes “Planting for Food and Jobs”. The programme is primarily aimed at making subsidized improved seeds and…A Nova Scotia Company is trying to successfully enter the cranberry market in Australia. What is the GNP or GDP for entry country (Australia), Is it growing? What is the per capita income? What is the average family income? What are the income classes and distribution?Does Australia have unexploited or underused resources that can affect future wealth?
- Which macroeconomic indicators make a projection in a project decision?Input Quanity 100 150 200 Real domestic output 200 300 400 The table gives information about the relationship between input quantities and real domestic output in a hypothetical economy. If the price of each input is $12, the per-unit cost of production in the economy is?C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 -What will the percent rate of change in real GDP be from year 1 to year 2, from year 2 to year 3, and from year 3 to year 4. (round to the whole number for all calculations and final answers) -State how long it will take for real GDP to double in size.
