if country A real gdp grows at 5% while country B real gdp grows at 3% then we can conclude that country A standards of living at a faster rate then B. true or false
Q: Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily…
A: The concept of a crossover point is used in comparing the costs/benefits of two alternative ways of…
Q: Multiple Choice b O MC Q ATC er to the diagram for a purely competitive producer. If product price…
A: In perfectly competitive market, firms are price takers. Firms sell identical goods so they do not…
Q: Assume that two collectors, X and Y are in a first prize sealed bid auction for a batch of vintage…
A: In a first-price sealed bid auction, each participant submits a private, sealed bid for an item, and…
Q: What are the three stages of the demographic transition? For each stage describe: a. Is population…
A: A population's age distribution can significantly change as a result of a long-term pattern of…
Q: When a market is in equilibrium, consumer surplus will equal producer surplus. Comment on the truth…
A: Consumer surplus is the difference between the maximum amount that a consumer is willing to pay for…
Q: The diagram below shows a monopolist's marginal cost schedule and the demand curve. Find and depict…
A: A monopoly is a market structure in which a single company or entity dominates the supply of…
Q: The financial rate of return on an automobile will tend to be lower than the rate of return on…
A: Financial assets are assets that derive their value from a contractual claim, such as stocks, bonds,…
Q: n economy is described by the following equations: C = 1600 + 0.8(Y – T) I = 1000 G = 1800 T =…
A: C = 1600 + 0.8(Y – T) I = 1000 G = 1800 T = 3000 + tY
Q: If Bangladesh allows international trade in the market for maize, it will import [ tons of maize.…
A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…
Q: A home mortgage with monthly payments for 30 years is available at 6% interest. The home you are…
A: Particular Amount Cost of Home 120000 less Down Payment 12000
Q: 14.6. PRODUCT POSITIONING AND PRICE COMPETITION. Consider a duopoly where horizon- tal product…
A: A duopoly is a market structure in which the majority of the market share for a specific good or…
Q: Alex Anna Table 3: Maximum Price Chicken Nuggets $2.50 $2.55 Fries $0.5 $1.0 efer to table 3.…
A: Mixed bundling involves selling products separately as well as in a bundle at a lower price than the…
Q: assuming a 10-year investment horizon? 13. Redo Q7 and Q8, assuming that the bonds have semiannual…
A: Bonds issued to the general public helped corporations and governments raise finance. It is a debt…
Q: Problem 19-02 (algo) A coal-fired power plant can produce electricity at a variable cost of $0.05…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: If Charles Lackey's utility costs remain constant at $500 per month, labor at $8 per hour, and cost…
A: The term "multifactor productivity" refers to the measurement of output, performance, and…
Q: Suppose that there are a total of 9 other banks in the economy and that the balance sheet for the…
A: The bare minimum of money that a financial institution, such a bank or credit union, must keep on…
Q: For an investment of$800 every 6 months at 6.2%/a compounded semi-annually for 20 years, what is the…
A: To calculate the value of the investment after 20 years, We can use the formula for the future…
Q: Directions: Read the descriptions of the businesses provided. Examine each description, decide which…
A: Market structure refers to characteristics of a market that determine the behavior of the firm. The…
Q: Suppose a lawn care company adopts a new scheduling software to replace its old system of filling…
A: Factors affecting demand and supply refer to the various economic, social, and environmental factors…
Q: Table 1 Product MP3s Tacos Coats 2009 Quantity 40 2,000 300 Price $250.00 2.00 50.00 2012 Quantity…
A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…
Q: When the public debt is held by foreigners, it is not a real burden on real domestic output.…
A: Public debt is the total amount of money owed by a government to its creditors. It is the…
Q: Please no written by hand solution Consider a Hotelling Game with 8 homogeneous firms. Customers…
A: A stable situation in which each player in a game selects a strategy that is optimal given the…
Q: Dollars ABC Multiple Choice O O MC K DE Quantity According to the accompanying diagram, at the…
A: In perfect competition, There exists a large no. Of sellers and buyers. The firm will produce…
Q: Explain the Bertrand paradox. How does it inform our explanations of market power in industries with…
A: Bertrand Competition refers to the competition where two firms compete on the basis of the price. It…
Q: O O O Note: Please make sure to properly format your answers. All dollar figures in the answers need…
A:
Q: The Consumer Price Index had a value of 218.8 in 2018 and a value of 226.23 in 2019. a. What was the…
A: Inflation rate refers to the percentage increase in the general price level of goods and services in…
Q: When fighting a recessionary gap, central banks will amount of loans being provided by commercial…
A: A recessionary gap, is also known as contractionary gap. It happens when a country's real GDP is…
Q: The change in consumer spending is 160 and the change in disposable income is 200. Calculate the…
A: The information given is:- Change in consumer spending = 160 Change in disposable income = 200 We…
Q: 24. With the aid of relevant diagram(s), answer the following questions: (a) "Long run average cost…
A: Economies of Scale: The economies of scale occur when a firm produces large quantities because when…
Q: Suppose Alex’s utility function for apple and orange is U(a,o) = a^2o. The price of an apple is $ 4,…
A: Given Utility function Ua,o=a2o .... (1) Price of apple pa=$4 Price of orange…
Q: Review the graph at right. What is the unregulated monopoly price? $[60] (enter your response as a…
A: In case of a monopoly, The profit is maximized where the marginal cost is equal to the marginal…
Q: Lilliput is a country that has closed borders and does not import or export any goods or services;…
A: Budget balance refers to the difference between revenue and expenditure of government. The budget is…
Q: What are the characteristics that set a good manager apart from an incompetent one?
A: Managerial economics involves the use of quantitative and qualitative analysis to perform…
Q: Discuss the problem with common resource ownership-include a discussion about overfishing in the…
A: Common resource ownership refers to a situation where a resource, such as a fishery or a forest, is…
Q: a. The production function Q (K, L) of a firm is given by: Q(K,L) = 5L KB If the firm has constant…
A: Production function shows the relationship between the inputs used and output produced. Constant…
Q: Distinguished carefully between the members of each of the following pairs of properties: a.…
A: A regression model is a statistical tool concerned with finding out the dependence between a…
Q: If you want to withdraw $20,000 at the end of two years and $55,000 at the end of four years, how…
A: Present value (PV) refers to the current value of a future sum of money, based on a certain interest…
Q: "If a firm faces a demand curve of P = 2,000-Q and marginal costs of MC = 2Q, then the firm's profit…
A: A profit-maximizing firm produces at MR = MC to maximize the profit. MR is marginal revenue. MC is…
Q: B C O Hi K 1 G₁ 1 I 1 1 ELM MR Quantity Demand efer to the diagram. At the profit-maximizing level…
A: Marginal Revenue lies below the demand curve which implies the firm has to lower the price to sell…
Q: Robert is thinking of running a flower business. His delivery van, including insurance, will cost…
A: The break-even point is the point at which total cost and total revenue are equal, by which there is…
Q: Suppose the bank decides to invest 45 percent of its excess reserves in short-term securities in…
A: Excess reserves refer to the surplus funds that banks hold above the mandatory reserves set by…
Q: 24 out of the 64 movie goers said that they did not like the movie. This means that 37.50% of the…
A: Data Analysis and Interpretation in Economics refer to the process of collecting, organizing,…
Q: Draw the correctly labeled graph that shows the impact of decreased money supply and its impact on…
A: The entire amount of money that is in circulation in the economy at any particular time is referred…
Q: Kenya is ________ country. a) developed b) developing c) Underdeveloped
A: Development is a constructive process of change in which the economic, social, and environmental…
Q: 1. What are problems that governments may encounter in enacting and applying fiscal policy? You…
A: Since the link of the page attached is not found, we will be providing a general answer to the…
Q: When a bank is failing, it may sell off some of its assets to try and keep its equity (net worth)…
A: Banking refers to the business of accepting deposits from customers and using those deposits to make…
Q: Allen tutors in his spare time for extra income. Buyers of his service are willing to pay $40 per…
A: The producer is the agent of the economy that are produce and sell the products in the market at…
Q: Your roommate Hansen argues that American producers cannot compete with foreign producers because…
A: Free Trade refers to the unrestricted exchange of goods and services between countries, without the…
Q: Suppose you observe that MPL > APL and MPL is decreasing but positive as more labor is used. Based…
A: The marginal product of labor (i.e., MPL) measures the change in the total product (TP) due to a…
Q: 2000 1440 1200 1000 200 100 125 400 500 180 Show Transcribed Text D world price + tariff world price…
A: Government revenue is the product of tariff per unit and the quantity imported. Import is the…
if country A real
true or false
Step by step
Solved in 2 steps
- An emerging country has a real GDP of $ 1330.1 billion. After one year, real GDP has grown to $ 1383 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number.An emerging country has a real GDP of $1553.1 billion. After one year, real GDP has grown to $1677 billion. In percentage terms, what is the growth rate? Please round your answer to the nearest whole number. growth rate:A nation's real GDP was $250 billion in Year 1 and $265 billion in Year 2. Its population was 120 million in Year 1 and 125 million in Year 2. What is its real GDP growth rate in Year 2? Multiple Choice 15.0 percent 6.0 percent 5.7 percent 1.1 percent
- Assuming a country’seconomy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of living in their country more than double by the time they had reached age __________. a)30 b)60 c)50 d)4010) True or False: Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that currently have high real GDPs per capita.Suppose a country’s total output is growing 10 percent per year, but its population is growing 11 percent per year. What will happen to living standards? a. Rise. b. Fall. c. Remain the same.
- TRUE OR FALSE: 1. Economic growth and poverty have a strong positive correlation. 2. High-income countries have a higher population growth compared to low-income countries.If a country has a per capita GDP of $5,200 and it grows at a 6% annual rate. How long will it take, in years, to double the standard of living in the country as measured by economists? (Round your answer to include 2 decimal places.)False or True The living standards of nations with low real GDPs per capita today will always be lower than those of those with high real GDPs per capita.
- If a nation’s productivity grows by 3 percent rather than 1.5 percent over many years, what will be the difference in the nation’s standard of living? Explain.If a nation's real GDP is growing by 6 percent per year, its real GDP will double in approximately ________. Answer to 2 decimal places.Which one of the following is not among the Kaldor facts? A) secular growth in real GDP B) stability of capital-output ratio C) large income level differences across countries D) roughly constant labor income share in GDP
