Question 1: In your opinion, is it more meaningful to measure nominal Gross Domestic Product (GDP) or real GDP? Explain your answer. Which of the above would you use in the measurement of the nation's economic growth rate, and why? Provide a numerical example with explanation.

Q: Company A wants to forecast future demand using the time series forecasting technique. The analyst…

A: The method is demand forecasting. It's used to forecast and estimate a product's or service's future…

Q: If you look at almost any national news outlet, you will see that many of the articles involve…

A: Globalization: It refers to the increase in the level of exchange between the economies.…

Q: It is often a momentous decision for a successful national company to become an MNC. What are the…

A: A multinational corporation typically has offices and/or factories in several countries, as well as…

Q: Consider a Bertrand Duopoly Model. Marker demand curve is given by Q = 200-P. Firm A has a marginal…

A: Marginal cost basically denotes the value of the incremental cost which is gradually incurred when…

Q: Briefly explain whether you agree or disagree with the following statements. ( a) 'If nominal GDP is…

A: The sum total of final.values of good and services is referred to be as GDP.

Q: City’s hotel tax used to be 20%. Today it is 12%. Total hotel tax revenue today is greater at a 12%…

A: In the above diagram, when tax rate is 12% than supply curve shifts to the left from S to S' which…

Q: After talking your managerial economics class, you realize that you can probably raise your profits…

A: Given information In Laredo:  Q1=200 burger  per week P1=$9  Q1*=100 meals per week  P1*= $10

Q: 2. Suppose a monopoly produces film and cameras. Consumers demand pictures, which require film and…

A: Introduction We have given a monopoly who produces film and camera. We have given demand for film of…

Q: Empirical studies on the effects of minimum wage increases in contiguous states: Find negative…

A: A minimum wages permitted by law is the most reduced compensation that businesses can legitimately…

Q: eassy in 250 words. What is the role of the Central Bank? How does central bank regulate monetary…

A: A central bank is a government agency that manages banks, implements monetary policy, and offers…

Q: P SB E H F III G 50 80 120 150 Consider the market for education. Education has an external benefit.…

A: Externalities are the side effects which are borne by the parties who are not directly involved in…

Q: Under all other ideal conditions, changing which party receives property rights in a given dispute…

A: Under all other ideal conditions, changing which party receives property rights in a given dispute…

Q: 2. Please use a graph to produce aggregate supply in classical model under the assumption of nominal…

A: Before the Great Depression, the Classical Model was popular. It claims that the economy is very…

Q: Q1/ Grades in statistics class are weighted as follows: Tests are worth 50% of grade, homework is…

A: Given; Worth of tests points= 50% Worth of homework points= 30% Worth of final points= 20% Points…

Q: If the supply of financial capital increases   Interest rates will remain unchanged.   Interest…

A: Interest rate is determined by the demand and supply of financial capital.

Q: Current account transactions are records of the incomes and expenditures from exports and imports,…

A: Current account records the export and import of goods and services, unilateral transfers in form…

Q: 1. A company mecessfully introduced wireless, studio quality carbads. This recent innovation has…

A: Given; Demand function; P=250-0.00125Q Cost function; C=1806250+25Q+0.001Q2 Formula to calculate:-…

Q: Two essential institutional protections for economic growth and development are     A.) money and…

A:

Q: What is the amount of capital that earns simple interest: a) $1500 at 18% per year in 10 months?…

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

Q: J 7 Though many MNCs espouse and follow rigid codes of social responsibility in their home countries…

A: Corporate codes of conduct are individual corporate policy declarations that outline a corporation's…

Q: o determine the value of a bridge to members of a community, why is asking them directly not a…

A: The benefit or cost being caused by a producer not received or incurred financially by the producer…

Q: Q4: The supply and demand functions for complementary goods (pitch and putt) are given by the…

A: Equilibrium is achieved at the intersection of demand and supply curves, where quantity demanded…

Q: What if all industries are decreasing-cost industries in nature. Would we observe ever-declining…

A: Declining cost industry refers to industries whose average prices decrease after increasing Or, in…

Q: Farley's Frozen Yogurt is a purely competitive firm that sells frozen yogurt cakes. The market price…

A: Market price is basically known to be as the price generally operating where the services or an…

Q: Can an activity generate both positive and negative externalities at the same time?

A: Externality refers to the notion that a third party is impacted by a decision or action whose prices…

Q: What is the principal question Coase posits when it comes to negative externalities? Who should be…

A: The basic discovery of the Coase Theorem is that externalities are reciprocal. A polluter, in…

Q: Suppose the Republic of Newbee fixes the value of its currency, the Nam, to the dollar. In the U.S.,…

A: A government's or central bank's stabilisation policy aims to ensure a healthy rate of economic…

Q: Match the term with its correct definition. 1. Deflation Externality Fallacy of Composition A side…

A: For given terms the correct options are -

Q: A company that manufactures magnetic flow meters expects to undertake a project that will have the…

A: Given  FC=  $ -840,000 Equipment  replacement cost in year 2 = -$300,000 Annual operating cost…

Q: e. Hamza, who services 20% of the breakdowns, makes an incomplete repair 1 time in 20; ousof, who…

A: Conditional Probability The conditional probability implies the likelihood of two or more events…

Q: The following table shows nominal GDP and an appropriate price index for a group of selected years.…

A: Nominal GDP, unlike real GDP, does not correctly reflect an economy's output. The total national…

Q: Fairmont Industries primarily relies on 100% equity financing to fund projects. A good opportunity…

A: The weighted average cost of capital addresses the typical expense to draw in financial backers,…

Q: How do prices attain a state of equilibrium? Give a specific example

A: Demand and supply forces have a role in determining market pricing and volumes. According to the law…

Q: When marginal cost exceeds average total cost, which of the following must be true?   Question 14…

A: Introduction Average total cost it is combination of total fixed and variable costs divided by the…

Q: Suppose that between 2015 and 2016, nominal GDP grew by 7%. If the price level grew by 2.5% and…

A: Given; Nominal GDP growth rate= 7%Price level growth rate= 2.5%Population growth rate= 2

Q: If a discouraged worker reenters the labor force and begins searching for jobs but doesn't find one,…

A: Labor force is the sum of the employed people and unemployed people who are actively seeking for job…

Q: Why this is true "When monopolistically competitive firms make a profit in the short​ run, ,then in…

A: There are many firms in the monopolistically competitive market. The products are differentiated in…

Q: Question 23 Private markets fail to account for externalities because O externalities don't occur in…

A: When there is externality, it leads to spillover costs and benefits to third party who is not…

Q: A dental visit for preventative care is an elective but valuable service. Assume a competitive…

A: The determinants of healthcare demand are age, gender, education, occupation, household income and…

Q: How does stakeholder emphasis of the creation of stakeholder value differ from the economic model?

A: The best possible return for each stakeholder in an organization is what is meant by "stakeholder…

Q: Based on the model of demand and supply, the demand and supply functions are given at the following…

A: Given, P = 4QS  QD = 500 – P ; 500 - QD = P Using the above, we get, 4QS = 500 - QD…

Q: Consider the loanable funds model we analyzed in class. If there is an expected increase in future…

A: The loanable assets model is a model that uses organic market to delineate how a financing still up…

Q: Which one of the following pairs of goods is likely to have a negative cross-price elasticity of…

A: Cross price elasticity of interest gauges the defree of responsiveness of chnage in amount demnd of…

Q: Consider the standard Ramsey model with endogenous labor supply. Assume that the house- hold has a…

A: A person generally has two choices while deciding how to spend the time. The time can either be…

Q: Suppose auto workers as part of a new union agreement negotiate higher hourly wages, what impact…

A: Here, it is given that hourly wage of author workers has increased due to a new union agreement.

Q: The branch of economics that assesses how efficienty and equitably an economy allocates its scarce…

A: The overall scarcity of the resources arises only and when the certain given resources or means to…

Q: Assuming that the production function [Y=A(K, L, N, H)] exhibits constant returns to scale we can…

A: In economics, the term "returns to scale" basically refers to the variation or change in…

Q: A country has a Cobb-Douglas production function given by: Y = AK0.5H0.1 If total factor…

A: Since you have posted multiple questions, we will solve the first question for you. If you want any…

Q: When rent controls exist, supply exceeds demand. quantity supplied exceeds quantity demanded. demand…

A: Rent control is a government policy that limits how much a landlord can charge for renting a…

Q: The demand and supply curves for instant oatmeal are as follows: Qa = 100.5Pd, where Qa is the…

A: Equilibrium in the competitive market is achieved where demand equals supply