Suppose that the UK’s nominal GDP in 2018 was £2.1 billion, while the GDP in real terms for 2018 is given by £1.4 billion. Calculate the GDP deflator for 2018.

Q: Explain any five characteristics of the developing countries.

A: Developing countries are the ones which have not yet achieved the full development state. These…

Q: In the era of misinformation and disinformation, how can fake news impact the struggling economy of…

A: Journalism is undergoing significant changes. Innovative journalism techniques have been unleashed…

Q: Purchased equipment is cost P515 800 and expected to have 15 years of economic life with 12% annual…

A: 1st option is correct. At the end of 6th year balance of equipment will be 239540 with 12% annual…

Q: Pennybags is the only seller of board gam Atlant ity, New Jersey. The inverse demand curve for board…

A: The perfect price discrimination leads to the competitive output And consumer surplus is zero.

Q: "Product may be an idea, a physical entity or a service or any combination of the three." a.…

A: The process of economic production is an activity that is carried out under the supervision and…

Q: value of gross regional domestic expenditure E, number of people living in poverty P, and the…

A: The CPI estimates the general change in consumer costs over the long run in view of a delegate crate…

Q: Chrissie and Edna both created trusts but used different approaches: Chrissie Chrissie created a…

A: The trust Chrissie most likely to create is - A irrevocable living trust Explanation An irrevocable…

Q: Why do firms from emerging economies often pay higher premiums for targets in developed

A: An example of such a system is a developing country's economy that is becoming increasingly…

Q: with or without irrigation. In western Kansas, corn can be grown in two ways Dryland farmers, who do…

A: "With many producers/sellers, the price charged is equal to the lowest/minimum of the long run…

Q: A machine has a basic cost of 7000 and a ma. the capital recovery (CR) of the machine? a) 791 b) 644…

A: Answer 2. Capital recovery = $800 Time period = 3 years Market value = ?

Q: A monopolist has the demand and marginal cost as shown in the table below. There is no fixed cost in…

A: The monopolist is the person who has full control over the market.

Q: A firm is earning an accounting profit of $5,000. Its implicit costs are $3,000, explicit costs are…

A: Accounting profit = Total revenue - Explicit cost Economic profit = Total revenue - Explicit cost -…

Q: If the economy goes into a recessionary gap,  a.) How will the change in wages affect short run AS…

A: A Recessionary Gap is defined as a gap which occurs when the real GDP of an economy is lower than…

Q: If the opportunity cost of working outside the home decreases then it is likely that assuming all…

A: 2) The opportunity cost is the cost of giving up the next best alternative for the current…

Q: A strategic group is the group of firms in an industry following the same or a similar strategy”…

A: A strategic group is a collection of companies in the same sector that have adopted a similar or…

Q: (i) Explain the difference between the headline fiscal deficit and the primary fiscal deficit. Which…

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

Q: Write a Position Paper about the bill “No Assignment Policy”. - introduction - body - conclusions

A: Introduction:-  It is really a T.G.I.F for students in essential and optional government funded…

Q: Economics Find an example where an International Risk is realized. Describe what happened, how the…

A: The danger of losing money due to variables that influence a whole market or asset class is known as…

Q: 4. The graph below shows the efficient contracts and the contract curve. a. Explain the relationship…

A: A contract curve is defined for an edgeworth box as the addition of all of the pareto efficient…

Q: A firm operating in a perfectly competitive market cannot increase its profit. Which of the…

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

Q: what is the relationship between money demand and GDP in developing countries

A: Compared to industrialized nations, developing countries have a gross domestic product (GDP) that is…

Q: Firm 1 has £10,000 to invest. Firm 2 offers Firm 1 the following proposal: invest £10,000now and get…

A: NPV, is utilized to work out the ongoing total worth of a future stream of installments.

Q: Choose the Letter of the Correct Answer. 1. It is an act of laying a tax. A. Theory of tax B.…

A: Tax is a way to contribute to the government (local, state or national) revenue. It is imposed by…

Q: does financial development facilitate the economic growth in a country? Explain 3 ways that…

A: Economic Growth refers to the process through which the economy improves in terms of welfare,…

Q: A worker earns £15 pounds an hour and chooses to work six hours a day. The worker has no other…

A: Given information W=15 per hour Hours of work=6 hours per day.

Q: There are several factors that influence money demand. Explain the effects of the following…

A: The desire to retain financial assets in the form of money, such as cash or bank deposits, rather…

Q: struct a sample problem about External Rate of Return.

A: The external rate of return refers to the rate of return on a project where any “more” cash from a…

Q: Two mutually exclusive alternatives are being considered for the environmental protection equipment…

A:

Q: Give an example of a concept learned in this course that you think may be associated with weak…

A: Macroeconomics is the part of financial matters that arrangements with the construction,…

Q: B. Consider a fiırm who sells output at p=10 and has a short run production function Q(L)=20L-L².…

A:

Q: Donald Company, a manufacturing company based in San Juan City, Philippines, purchased raw materials…

A: When foreign goods are bought and sold in foreign currency, there is often a foreign exchange risk…

Q: how do money and debt play a decisive role in the development of the market logic of capitalism?

A: Many businesses and people utilize debt to finance significant expenditures that they otherwise…

Q: Lwando owns a delicatessen, namely Foodies Paradise. Lwando has determined that he needs R5 000 cash…

A: Shoe-leather cost is defined as the cost to the individuals who have been a frequent visitor to the…

Q: A rent-a-car company currently rents their cars out at the market price of £50 per day, with renters…

A: Complementary Goods:- A complementary good is one which helps to improve the quality of some other…

Q: Which of the following represents the risk of investment in order from lowest to highest? O A.…

A: Investment refers to the dedication of an asset to attain a rise in value over a period of time.…

Q: Critically evaluate frameworks for measuring intellectual capital and further elaborate on aspects…

A: Scholarly capital alludes to the worth of an organization's aggregate information and assets that…

Q: This means that source of revenue should be sufficient to address the demand of public expenditures.…

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

Q: From the information given in the table, calculate the marginal cost of the 3rd unit of output.…

A: Marginal cost measures the change in total cost due to change in output produced.  Marginal cost =…

Q: A start-up mobile phone manufacturer who produces mother boards has fixed costs of $320,000 per year…

A: Production Cost refers to the money spent by producers on factor inputs like land, labor, and…

Q: Objects with distinct shapes, colours, or patterns that are associated with the brand are called…

A: False - Object with distinct shape , colour or patterns that are associated with the brand are…

Q: QUESTION 1 How long is "the short" run in economics? A a period in which all inputs are fixed & a…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Evaluate the impact of COVID-19 pandemic on the performance of UK supermarkets. Performance should…

A: Uncertainty is described as the situation which has no probability of prediction. It is a situation…

Q: What are marketing, operations, finance, and human resource of Alibaba Group: The Rise of a Platform…

A: Alibaba, which began as a tool to assist small Chinese businesses with export transactions in 1999,…

Q: If the Federal Reserve Bank intends to act on monetary policy in the nea future, it will most likely…

A: When talking about monetary policy, Federal Reserve is the managing authority in the United States…

Q: describe some of the reasons for deviation in exchange power parit

A: Exchange power parity is a method through which changes in the currencies of different countries are…

Q: Assume that Peter's short run Total Cost Curve is TC = 20,000q- 200q² +q*. Calculate his (short run)…

A: Average total cost is total cost divided by quantity.  ATC = TC / q => ATC = (20,000q - 200q2 +…

Q: 4. There are two individuals, and two goods: private X and public G. The prices of both goods are…

A: When the individuals choose what to contribute individually they simultaneously optimize there…

Q: The Consumer Price Index (CPI) increased from 300 to 400 over 15 years. What was the annual…

A: Here, it is given that the consumer price index changes over time and become 300 to 400 in last 15…

Q: As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Briefly discuss five reasons why a rise in real Gross Domestic Product within a country over time…

A: The entire monetary or market worth of all finished products and services produced inside a country…