Localization economies O include all of the other options are effects captured by sectors in the economy as they grow within an area O may take the form of forward and backward linkages O are agglomeration effects
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- The economy of Ghana is made up of three sectors namely Agriculture, Industry andServices. These three sectors contribute to the national output. For decades prior to the2000s, the Agricultural sector contributed the most to the national output. Sadly, inrecent 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 thaton-farm productivity has stagnated and the exploitable difference between the actualand the potential output of most of the crops (yield gap) has widened. Low andinadequate levels of usage of productivity enhancing technologies such as quality seedsof improved varieties and fertilizer, thin extension services and weak market linkagescontributes to the poor agricultural performance. It was against this background thatthe NPP-led government implemented one of her flagship programmes “Planting for Food and Jobs”.The programme is primarily aimed at making subsidized improved…One of your clients, a mining company with operations in the Democratic Republic of Congo and Zambia, is concerned withthe current macroeconomic environment’s impact on their operations. Among their worries is the slowdown in global growth, which is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022—half a percentage point lower for 2022 than in the October World Economic Outlook.You are required to critically discuss some of the major factors that drove the global growth trajectoryi) Pre-Covid-19 pandemic ii) at the height of the pandemic iii) going into 2022 and beyond.) Consider the following IS-LM model set upC = 300 + 0.8(Y − 2500)I = 3500 − 400(r)G = 3000T = 2500(M/P)s = 2600Md = 2000 −1000(r) + 0.2(Y)(a) Using the IS equation, if r is 3 howmuch is Y?(b) Using the LM equation, if Y is 19000how much is r? (c) Find equilibrium r and Y, andplot IS-LM equilibrium
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- No plagrisum and correct answer please. Please do all four parts..Thank You advance Consider two commodities viz. smartphones and travel bags and two countries viz. Bangladesh and South Korea. Suppose the production of both the commodities is fully mechanized using electricity as an input in both the countries. The amount of electricity hours needed to produce one unit of each commodity is a follows: Hours per unit Smart Phones Travel Bags Bangladesh 6 1 South Korea 1 3 The total units of electricity available in Bangladesh is 1000 units while that in South Korea is 2000 units. i. Calculate the opportunity cost of each commodity for each country and explain which country has comparative advantage in production of smartphones ii. If each country decides to distribute its electricity supply in production of each good in equal proportions, what will be the total supply of smartphones and travel bags? iii. If each country decides to allocate its electricity fully in the…Did the COVID-19 pandemic create new globalization opportunities for growth in yourCaribbean territory? YES/NOBased on your answer, write an answer that identifies those accepts that contribute to thegrowth, expansion and advancement of your local economy. On the contrary, if you do notbelieve that new opportunities were created, write an answer that identifies those acceptsthat negatively contributed to the negative growth, contraction and deceleration of our localeconomyQuestion 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure Approach