Real GDP is be do The GDP in reality Nominal GDP corrected for inflation The same as Gross National Product (GNP) The same as GDP deflator

Q: In the "circular flow model" of a macro economy, the population is growing savings are large enough…

A: The circular flow of income shows how money flows between households and firms

Q: Describe some of the approaches that may be used to break the impasse.

A: What are impasse arrangements in negotiations?   We negotiate our direction through life.…

Q: Link and Zelda each have 12 hours a week they can spend making costumes and accessories for their…

A: Opportunity cost is the value of next best alternative for the given level of resources.

Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability. Which…

A: The branch of economics that deals with the economy as a whole taking into account employment,…

Q: Construct the multiplier model using the consumption function C = 100 + 0.80Y and an investment…

A: Given:  Consumption function C = 100 + 0.80Y This implies that MPC is 0.80. The expenditure…

Q: How is the isomorphic concept applied in determining executive salaries?

A: Isomorphism refers to the likeness of one organization's operations or structure to those of…

Q: Which of the following services are provided by the federal government? Group of answer choices a…

A: Federal government provides various services to the people in return of their income tax and to…

Q: Question 1 Increase aggregate supply - both SRAS and LRAS - occurs due to all of the following,…

A: Aggregate supply is the total supply of goods and services produced within an economy at a given…

Q: What is the variance of u conditional on income, vartul inc)? Consider the following savings model:…

A: Introduction We have given a saving model. Here saving is a dependent variable and income is…

Q: How would you best describe the economic profit (or loss) at the profit maximizing quantity q* in…

A: Monopolistic competition: - monopolistic market structure is the structure in which there is a large…

Q: Two electric motors (A and B) are being considered to drive a centrifugal pump Each motor is capable…

A: In this situation:- Two electric motors (A and B) are being considered to drive a centrifugal pump.…

Q: 8. How does consumer confidence affect the economy according to Keynesian view? a. Aggregate demand…

A: Keynesian view considers consumption spending as an important component of aggregate demand.

Q: A company competing in the market for its products is one of buying labor in the market for inputs.…

A: A firm demand for any input is determined by the value of marginal product of that input and supply…

Q: Consider a duopoly in which two identical firms compete by setting their quantities but Firm 1 has…

A: Introduction We have given a duopoly model in which both firms are compete by setting their…

Q: What has surprised you most about the measurement of economic development?

A: The United Nations Development Programme's first Human Development Report, issued in 1990,…

Q: Inflation arises due to: Group of answer choices changes in real output, changes in nominal output,…

A: In an economy, inflation is an economic term to describe a rise in the market price of commodities…

Q: 3. Factors affecting the number of houses for resale 4. Residential market analysis with accounting…

A: 3. Introduction A variety of factors determine how well a property is received, which determines its…

Q: Present your understanding of the ‘Circular Flow’ , by describing the role each of the five main…

A: ‘Circular Flow’  Lets understand this concept with an example:- In this circular flow model there…

Q: 12 A consulting company estimated market demand and supply in a perfectly competitive industry and…

A: Answer: Given, Qd=25,000-5,000+25MQs=240,000+5000P-2,000P1The forecast for the next…

Q: A firm with two plants, A and B, has the following estimated demand and marginal cost functions: Qd…

A: Marginal cost is the additional cost incurred to produce an additional unit of output .

Q: Current Actual Inflation Rate = 6% (like these days) Potential Real GDP=100,000 Actual Real…

A: The Taylor rule is given as,i* = π + 2 + 0.5(π - 2) + 0.5(GDP gap)where,i* = nominal federal funds…

Q: Give a numerical example of how the headcount index doesn’t account for changes in the distribution…

A: The head count ratio (HCR) is the percentage of the population that falls below the poverty line. It…

Q: . Consider Option A and Option B Fill-up the table Below for the Future Value and the Present value?…

A: Note - In the question, the present value is given which is 15000 so table "a" can be filled. But to…

Q: A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost…

A: Answer: A perfectly competitive firm maximizes its output where its marginal cost equals the…

Q: Question 51 To maximize profits, a monopolist will  Group of answer choices set quantity where P=MC…

A: A monopoly is such a market structure where there is a single seller and there are many buyers.

Q: 2. A demand curve is sloping because a downward; of increasing opportunity costs. b. upward; people…

A: Demand curve shows the willingness and ability of a person to purchase goods and services.

Q: 25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP…

A: GDP refers to the value of goods and services that are produced within the country during a specific…

Q: What steps would we need to take to develop renewableenergy sources enough to largely replace fossil…

A: Meaning of Economic Development: the term economic development refers to the situation under which…

Q: If you were to do a research on the topic of determining the satisfaction of university students on…

A: The utility is a metric for assessing a person's satisfaction after consuming items. In other words,…

Q: specify what types of discrimination is/are explained in the case study regarding the formal…

A: Here Alice was hired last year as a first-line manager in the Training and Development department…

Q: 12. The city of Mysuru is one of the cleanest cities of India and is in close driving distance from…

A: A smart city is one where there are strong infrastructure built for providing facilities to each and…

Q: How does innovation disrupt the flow of an economy to any given organization? Discuss

A: When talking about the term 'disrupt' it can be said that it is the hurdle or disturbance in a…

Q: 1. In the following, we are going to use the microeconomic theory we have developed in class to…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: A new highway is to be constructed. Design A calls for a concrete pavement costing $85 per foot with…

A: A new highway is to be constructed, there are two designs Design A and Design B. Design A Cost in…

Q: 2. Consider the two-period endowment model discussed in the lectures where the economy is populated…

A: A budget constraint means all the mixtures of services and goods that a consumer may buy given…

Q: How might productivity be measured in a dry cleaners?

A: Organizations should measure and evaluate their productivity levels to know how are they utilizing…

Q: Joanne offered all of her employees free coffee for a month if they were able to reduce their error…

A: Motivation: - Motivation refers to the factors that improve the performance or the efforts of an…

Q: Which one of these is not an agriculture analytics usecase? Select one: a.Intelligent monitoring &…

A: When talking about analytics in economics, these are the tools used by the researcher to make…

Q: What are public goods?  Describe its two characteristics and give an example of a public good.  Why…

A: Public goods are goods or services that are provided out of government taxation revenues. It…

Q: Assume that it takes 2 hours of labor to produce a unit of good X and 6 hours of labor to produce a…

A: The next best alternative is commonly referred to as opportunity cost. It's also known as the…

Q: describe fertilizer/ what it is used for, etc

A: Answer: Fertilizer:  a fertilizer is any natural or synthetic substance that is applied to soil or…

Q: luxury is a non-essential enjoyment. Food, housing, and water are essential for most humans. Many…

A: *Answer:

Q: How is the “free-rider” problem so potentially vexing to the challenge of mitigatingclimate change?

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: What are your overall opinions on the quality and accessibility of online learning resources?

A: Online learning resources refers to the virtual way of teaching when teacher and students do not…

Q: market failure is any economic outcome in which Group of answer choices the market does not provide…

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: Consider the competitive market for copper. Assume that, regardless of how many firms are in the…

A: Equilibrium is the level at which both the demand and supply curve intersects each othe. The price…

Q: Q)Current Issues of economic diversification and privatization in the least developed countries?

A: When talking about economic diversification, it can be said that it is the cause of free trade and…

Q: Use the graph to answer the question that follows. Price LRAS SRAS Level H AD₂ AD₁ 0 Output Assume…

A: Ans. In the given, there is a long- adjustments in the equilibrium level (i.e. output at the full…

Q: An advertising campaign will cost $240,000 for planning and $36,000 in each of the next six years.…

A: Internal Rate of return refers to the rate at which discounted present value of the cash flow…

Q: If the market for good X consists of two consumers whose individual own-price demand curves are…

A: Equilibrium quantity is the quantity where the demand and supply curve intersects and at this point…