List the components of GDP in the output (expenditures) approach.

Q: M1

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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A: The Solow model is a model of economic growth.

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A: Provided that, Qd = 100 − 20P Qs = 10 + 40P Calculation of, demand schedule and supply schedule

Q: 7. What are the four factors of production? Thanks

A: Factors of production: - factors of production are the resources used to produce goods and services.…

Q: Choose all answers that are correct:  the marginal cost is the slope of the... a. The variable cost…

A: Marginal cost = Change in total cost / Change in quantity of output

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A: The opportunity cost = What is sacrificed / What is gained

Q: True/ false Describe Since a greater utility number indicates that a consumer is better off,…

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Q: If incomes increase and the number of producers of batteries decreases, how will the equilibrium…

A: Please find the answer below.   EQUILIBRIUM PRICE: An equilibrium price, also known as a…

Q: difference between  Primary and secondary markets.

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Q: Gives explanation correctly

A: Price elasticity of demand  The quantity demanded of a good or service divided by the percentage…

Q: (d) Use your (rounded and correct) answer from part (c) to complete the following. The price of this…

A: The price of the market basket of recreational water equipment in the year 2013 = [CPI value for the…

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A: Neoclassical theory is a broad theory that focus supply and demand is the main components behind the…

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Q: Price per lb. (dollars ) $10 8 6 5 ty Deman ded (lbs.) 3 9 14 18 22 ty Deman ded (lbs.) 0 3 7 12 18…

A: Market demand is the addition of all individual demands in the market. Demand schedule shows the…

Q: 1. Briefly explain economic growth and discuss two major economic benefits of economic growth

A: Please find the answer below.   ECONOMIC GROWTH: Economic growth is an increase in the production of…

Q: G3

A: Money is referred to as something which is generally accepted by people in exchange for goods and…

Q: #8

A: Factors of production are the components used for the process of manufacturing the goods and…

Q: Your textbook covered 4 possible ways to deal with a natural monopoly.  Which approach would be best…

A: Meaning of Monopoly: The term monopoly refers to the situation under which there is only an…

Q: How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for…

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Q: Using the supply and demand functions​ below, derive the demand and supply curves if Y=​$55,000 and…

A:

Q: Week Crew Size Yards Installed 4 3 4 2 3 1 2 3456 4 6 نیا را 2 Crew Size 96 72 92 50 69 52 2 W|N 3 4…

A: The idea of labor productivity is used to gauge employee effectiveness. It is determined as the…

Q: Consider the maker for gasoline. a. Start in Equilibrium (be sure to label all relevant points) b.…

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Q: India has 1.3 billion people and a GDP of 196 trillion Indian rupees. 75 rupees are exchanged for…

A: given the data, India's GDP is 196 trillion rupees. About 1.3 billion people 75 rupees are…

Q: What is the amount of capital that earns simple interest: a)$1,500 at 18% per year in 10…

A: In the market, the amount of capital is also known as principal amount that is invested today to…

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Q: Economics The values of payoffs within a game's structure are always Question 34 options A)…

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Q: candidate 2 He would keep Status quo. vote for the candidate that maximises Jane would her utility.…

A: Marginal tax rate refers to the rate at which a regulatory body or the government of a place charges…

Q: Suppose Malcolm has determined that his marginal utility schedules for used CDs paperback books (PB)…

A: The utility is maximized where marginal utilities derived from per dollar are same across the goods.…

Q: The amount of P50,000 was deposited in the bank earning an interest of 7.5% compounded…

A: In this 50,000 was deposited which was compounded with 0.075 semiannually interest rate.…

Q: Given the following equations: P = 450 - 50Qd Inverse Demand Qd = 9 - .02P Regular Demand P=50+50Qs…

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Q: (a) What happens to the budget line if the price of good 2 increases, but the price of good 1 and…

A: Budget Line is the locus of different combinations of two goods that a consumer can purchase with…

Q: 3

A: Monopoly refers to the type of market where a singl;e seller or producer dominates the market in…

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A: In an economy, when government makes changes in its expenditure or spending, it will have a…

Q: D1

A: Meaning of Market Failure: The term market failure refers to the situation under which there remains…

Q: Cake shops use flour to produce cakes. How do cake shops respond to a rise in the price of flour,…

A: Ans. Other factors remaining the same, when price of the input rises, the cost of the production of…

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A: opportunity cost is the cost of loss of one opportunity to choose the other alternative. In other…

Q: Gilberto and Juanita are farmers. Each one owns a 12-acre plot of land. The following table shows…

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Q: What is the effect of the following event on the supply of pizzas?   If other things remain the…

A: Supply  The total quantity of a specific good or service that is made available to customers is…

Q: Based on the information in the table below, determine what quantity this firm should produce to…

A: Given, Quantity Marginal Cost Average Total Cost P=Marginal Revenue Total Cost 0        $…