If real gross domestic product is R350 billion and planned aggregate expenditure is R275 billion, then inventories will: a) pile up and output will decrease. b) pile up and output will increase. c) be depleted and output will decrease. d) be depleted and output will increase. e) stay constant, as will output.
Q: Assume an open economy with government (with no transfers). Using the information below, calculate…
A: Net export = Net capital outflow = - Net capital inflow. NX = NCO = -NCI…
Q: The table below shows economic activity for a tiny country. Using the expenditure approach determine…
A: The expenditure method is a framework for working out gross domestic product(GDP) that joins…
Q: the concept of Opportunity ost moving From D.t and B toC %3. D +10 ty of Butter Produced - AA A OFE…
A: *Answer:
Q: In the last 50 years, international trade has grown O rapidly because of fewer trade barriers. O…
A: International trade refers to the exchange of products and services among the people of different…
Q: lain the horizontal and vertical interpretation of the demand cur
A: Answer is given below
Q: In a given year, a country's GDP = $9,841, net factor payments from abroad = $889, taxes = $869,…
A: Public savings plus private savings make up national savings. It represents the domestic supply of…
Q: Suppose the demand for oil is P=122Q-0.20. There are two oil producers who do not cooperate.…
A: Given: P=122Q-0.20MC=$13Now,TR=P×QTR=122-0.2QQTR=122Q-0.Q2From this,We can…
Q: Assume that a country is considering whether it wishes to invest in a new opportunity. While the…
A: The present value is the current value of the future output.
Q: Economics 20. Refer to the graph below. ice
A: Perfectly Inelastic Supply Curve: When the supply curve is parallel to the verticle axis or price…
Q: "Rent is price-determining in the context of Smith’s value theory but it is price-determined…
A: Laborers, landlords, and capitalists all have distinct reasons for transferring the use of their…
Q: Use the table to answer the question that follows. Quantity of Labor MP of Labor Quantity of…
A: "Firms hire input to minimize the cost of production upto a point where the ratio of marginal…
Q: b) Might the elimination of central banks' independence lead to a more pronounced political business…
A: introduction Independence refers to the freedom to implement monetary system as central bankers, not…
Q: The market for a brand of yellow maize is in equilibrium. Explain, with the aid of a separate…
A: At equilibrium point demand and supply curve are equal at certain price level and output .
Q: Economics National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and…
A: * SOLUTION :- Given that ,
Q: Using the possibiliting Frontier ExpRain the concept of Opportunity ost moving FromD.tA and B to C…
A: Because natural resources in an economy are restricted through which things can be generated,…
Q: When China's clothing industry expands, the increase in world supply lowers the world price of…
A: *Answer: When two countries trade with each other without any barriers, the countries are said to…
Q: Provide an Overview of the South African maritime industry. 500 words
A: The term "Maritime Industry" may be used to refer to anything that has to do with the ocean, sea,…
Q: Consider an industry in a competitive market that consists of 100 firms with identical short run…
A: 100 firms C (q) = 50 + 0.5q2 MC = dC/dq MC =q
Q: Consider an economy that lasts for two periods. A household receives nominal labour income Y1 = 100…
A: In period 1 - Y1 = 100 p1 = 10 Consumption amount = c1 In period 2 - Y2 = 110 p2 = 11…
Q: National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and quarrying 1500…
A: The measure that depicts the final value of goods and services being produced in an economy during…
Q: Rosario has to finish her dissertation within 100 days, that is, at time t = 1, t = 2, t sertation,…
A: A dissertation or thesis refers to a long piece of academic writing that is submitted as part of a…
Q: QUESTION 26 You are facing a problem with one of your contractors, and you didn't reach an agreement…
A: At the marketplace, when two parties are trying to make a deal, they negotiate with each other to…
Q: Economics Supposes Monopharm wants to maximize profit, what quantity does it sell, what price does…
A:
Q: 6. Imagine inflation is 10%, and the central bank wants to have inflation equal to 2%. When…
A: The Philips curve is a concept developed by AW Philips in economics which states that there is an…
Q: In 2020, the all ages population of Canada was 37226847, out of which the population under 15 years…
A:
Q: Identify three factors that are likely to affect the price elasticity of supply for rice. Clearly…
A: The supply price elasticity of a good or service is calculated in reaction to a change in its market…
Q: Frank is an engineer who had decided to leave his job making $150,000 per year to brew and sell…
A: Economics is the branch of knowledge in which we study scarce resources and unlimited wants. The…
Q: Ad Ad The following question focuses on the exchange rate between Mexican pesos and U.S. dollars,…
A: The value of a country's currency in terms of some other country's currency is reffered to be as…
Q: Suppose the following table shows your demand schedule for CDs. Price Quantity Demanded $15 1 12 3.…
A: a) Total utility can be measured by adding the price the consumer is paying to get the products.…
Q: (1) Lobbyists are supposed to provide two things to the legislative process. A. Greed and corruption…
A: The answer is - C. Information and access
Q: Select the answer that best describes Keynesian and Classical economic theories. Classical…
A: Answer: The classical theory explains that the economy moves between equilibria without government…
Q: Suppose that at a wage rate of $10, a firm which is using its resources efficiently has a marginal…
A:
Q: What is Alonso’s Principle of Median Location?
A: Continuous reference is made to the Alonso-Muth model of the urban land and real estate markets, and…
Q: People should buy bonds when they think that interest rates are as high as they will go.
A: A bond is a financial instrument that allows an issuer to raise capital by borrowing money from…
Q: a) Identify the type of market structure the firm is operating in. Justify your answer. b) What is…
A: Average total cost (ATC) refers to overall price divided through the full amount of output produced,…
Q: President Bloen's Economic Adviser claims that American business are prospering based on the protit…
A: A profit function to be valid it should contain following properties - non-decreasing in output…
Q: Which of the following is most likely to be the best method of reducing the usage of personal cars…
A: Road Traffic and congestion is a major problem that any economy is facing in recent times. Due to…
Q: a. Given the following demand functions for two market segments (in millions) P1 = 440 – 8Q1…
A: Answer - Monopoly:- It is the market structure where a firm has the capacity to influence the…
Q: Do you feel that this near zero interest was necessary one, or may not work to save declining…
A: Important Takeaways A central bank's target short-term interest rate is set at or near zero percent…
Q: It is found that the consumption function for the economy is C = 50 + 0.8 Y d . Current level of…
A:
Q: Assume the following model of the economy C = 60 + 0.75(Y – T) I = 45 – 5r G = 40 and T = 40 M$ =…
A: IS - LM curves refers that investment savings-liquidity preference-money supply , these curves show…
Q: A British pound cost $2.00 in U.S. dollars in 2008, but $1.27 in U.S. dollars in 2017. Was the pound…
A:
Q: May the price in the contract of sale be in dollars? A. Yes. As long as the price can be converted…
A: When the price in the contract of sale is in dollars then it is acceptable to both the parties…
Q: Inflation
A: Inflation: It refers to the increase in the prices of goods and services in the market. The more…
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: 20. Refer to the graph below. Quantity Since the supply curve intersect points along the supply…
A: The elasticity of supply measures the responsiveness of change in quantity supply to change in…
Q: Capital Labour Total product Average product marginal product 3 0 0 3 1 5…
A: As per the guidelines answer is given to the first three sub parts: i) "Average product is computed…
Q: would a small business choose to license its products in other countries
A: Licensing can end up being exceptionally worthwhile whenever instituted accurately. Licensing is for…
Q: 1. A college raises its annual tuition from $23,000 to $24,000, and its student enrollment falls…
A: As per the guidelines answer is given to the first question i.e. 1. Answer 1) "Elasticity of demand…
Q: In the below figure, a consumer is initially in equilibrium at point C. The consumer’s income is…
A: The farther the indifference curve is from the origin, the higher the utility/satisfaction it yeilds…
Step by step
Solved in 2 steps
- Federal Income Tax Per Capita Using datafrom 2010 and projected to 2018, the federalincome tax per capita is given by the functiony = f(x) = 486.48x + 3486.84, where x is thenumber of years after 2010 and y is in dollars. If thismodel remains valid, in what year will the federalincome tax per capita be $8351.64?Suppose that real domestic output in an economy is 100 units, the quanity of inputs is 10, and the price of each input is $5. The per unit cost of production in the economy described is?The table below lists the annual volume of exports and imports (in billion pesos) for six consecutive years. Exports (x) 8.3 14.5 17.5 20 22.1 24 Imports M 10 12.2 15 24.8 30.1 32 Estimate the annual imports (in billion pesos) when the annual exports is 15 (in billion pesos).
- A. For each of the following examples, state if you think it is included in the 2010calculation for the Philippine GDP. The benefits of clean air and water. Government pays its fiscal debt interest in 2010. The sale of a new car from a manufacturer’s inventory in 2010. Judy sells her antique collection. Environmental destruction of mining operation in Antique. The sale of a used car. A newly constructed house. Road widening with a 6-month contract that started in January 2010. Government pays its debt interest in 2010. A 1962 Camaro sold to a collector in February 2010. A tractor produced by local automobile company in May 2010 and sold to a farmer in September 2010. A cell phones produced in August 2010 in Shanghai China. A car produced in Philippines in 2010 but sold to a customer in January 2011. Nonmarket goods such as homemaking and child-rearing. Estimated values of activity in the underground economy. Purchases and sales of goods produced in previous periods. Imported rice from…If AD=$1,000 + 0.75YD, and the current level of output is $5,000, then the value of AD ________ are the inventories are __________ (increase/ decrease)the Savings function of UAE is: S 0.25Y. The Goverment of UAE has spent 100 billion dirham to develop its physical infrastructure. To what extent, UAE's national income will be expanded
- A real value will increase only when prices increase. Select one: True False If the real value for manufacturing sales increases then the nominal value must also have increased. Select one: True False If nominal GDP is rising faster than real GDP then prices must be rising. Select one: True FalseTrue or False: Personal Consumption Expenditures account for about 25% of GDP. Spending on Consumer Durable Goods tends to be very stable from year to year. Sales of used goods are included in GDP at 35% of their original sale price.Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70
- Your friend, a loyal Apple customer, has set out a table of Apple’s net sales also adding his/her expectations about 2021 developments.Do you agree with your friend’s claim that long-term net sales changes cause translation exposure to Apple?Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?If aggretate exppenditure is greater than total income: investment will decrease because such a high level cannot be sustained. planned savings will decrease in line with investment. output will increase to replenish depleted inventories. investment will decrease to run down excessive inventories. there is an error, since the two are same by definition