Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + 0.40Yª G= 40 I= 25 T= 5 NX = - 25 where; Consumntion
Q: Suppose that the economy is characterized by the following behavioral equations: C = 180 + 0.80Y, /=...
A: Aggregate income is a sum of consumption investment and government spending in a closed economy.
Q: Give one business organizations and state how it contributes to Socio-economic development?
A: Socio-economic development: It is the interaction by which a country works on the financial, politic...
Q: Price 32 30 28 26 24 22 20 18 16 14
A: We need to find out equilibrium point,
Q: MC AC AVC D1 D2 D3 D4
A: The firm will stop producing if price falls below the shutdown point. Shutdown point is decided thro...
Q: Consider each scenario described below for the supply of t-shirts: • If there was an increase in pri...
A: Demand curve shows the quantity demanded by the customers at different prices in the market over a p...
Q: 7. The required reserve ratio helps determine the amount of money banks can create.
A: The reserve requirement is the portions of reserves that banks are expected to keep in currency, eit...
Q: 10. In the short run, the central bank's actions to fight inflation shift the aggregate demand curve...
A: In an economy, the problem of inflation arises when there is excess demand for goods and services as...
Q: a. The Covid-19 pandemic has signifigantly effect the economy around the world and the suitable poli...
A: Aggregate Demand and Supply The total quantity of demand for goods and services created in the entir...
Q: A certain office equipment has a first cost of PhP 20,00 and has a salvage value of PhP 1,000 at the...
A: First Cost = 20,000 Salvage value = 1,000 Time period = 10
Q: You and your friend Tom are stranded on a deserted island and need to survive by collecting firewood...
A: Let us first create the matrix from the given information: Firewood (in one hour) Fish (in one ...
Q: Investment 0.30 rate 0.25 0.20 0.15 0.10 0.05 0.05 0.10 0.15 0.20 0.25 0.30 Saving rate 19) Given th...
A: The red straight line is 45° line which shows that at each point on red line both axes value are equ...
Q: Essay (6-8 sentences, please): Define and contrast the 4 forms of capitalism 1. Neoliberal market ca...
A: 1) Neoliberal market capitalism:- Neoliberalism is a strategy program that integrates political econ...
Q: In order to combat inflation, the Fed will ________ the federal funds rate thereby ________ the quan...
A: In order to combat inflation, the fed will increase the rate of federal funds. Which results in less...
Q: Common resources are goods that are and Select the correct answer below: non-excludable; rivalrous e...
A: Answer is given below
Q: Because there isn't one single measure of inflation, the government and researchers use a variety of...
A: GDP deflator = (nominal GDP / Real GDP)*100 Nominal GDP market value of final goods and services pro...
Q: The table shows the price and quantity demanded for coffee mugs. Using the Midpoint Method, what is ...
A: Point Price Quantity D P1=26 Q1=9400 E P2=28 Q2=9200 Price elasticity of demand (Mid point ...
Q: In 1938, major powers met in Munich to discuss Germany’s demands to annex part of Czechoslovakia. Le...
A: Given information 2 countries Allies and Germany Allies has 2 strategy compromise and fight Germany ...
Q: In the Heckscher Ohlin two good (food and cloth), two factor (capital and labour) model suppose that...
A: We use c as suffix to denote cloth and f as suffix to denote food. a. The capital constraint is Kc+...
Q: Suppose there are both multiplier and crowding out effects but without any accelerator effects. An i...
A: Components of aggregate demand in a closed economy include consumption, investment and government sp...
Q: Microeconomics - Production Function A firm produces shoes using labor (L) and machinery (K) as fact...
A:
Q: 3. Categories of expenditures Larry and Megan Smith live in Swarthmore, PA. Megan's father, Raphael,...
A: Aggregate demand is the sum of consumption, investment, government spending and net exports in an op...
Q: Consider the household production model. An individual produces some of their meals using precooked ...
A: We know that demand for a good is influenced by several factors, which together are called Determina...
Q: Should other (non-HR) departments be allowed to help with the recruitment of candidates? Why or why ...
A: The step involves identifying, attracting, interviewing, choosing, recruiting, and training personne...
Q: Which of the following is NOT an example of a unilateral transfer? A) A Canadian charity sends don...
A: Unilateral transfer:- It is a transaction of money or goods from one person to another person withou...
Q: What is the effect of a cashless society??
A: A cashless society is a state of the economy in which financial transactions are conducted using dig...
Q: Course: Microeconomics - Intertemporal Consumption Decisions Consider a person who consumes in the ...
A: Irvin Fisher established the intertemporal choice model. The model was developed by economist Irvin ...
Q: £/unit 100 90 SRMC 80 70 60 50 40 30 SRAC 20 10 MR D= AR 10 20 30 40 50 60 70 80 90 100 Units Figure...
A: Profit maximizing condition for a monopolistic firm:- ...
Q: Suppose the own price elasticity of demand for good X is -2 its income elasticity is 3, and the cros...
A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product t...
Q: Question 11 (* Which one of the following people would be counted as unemployed in Canada? Kanhaya h...
A: Unemployment refers to all those people who are actively looking for work at the present wage rate. ...
Q: A concrete pavement on a street would cost P 10,000 and would last for 5 years with negligible repai...
A: Given; Cost of concrete pavement= P10000Time; n= 5 yearsCost of removal of old surface=P1000Interest...
Q: Suppose an individual in the Grossman model is trying to decide what to have for dinner. His options...
A:
Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The marginal propen...
A: The amount of money spent on products and services is referred to as consumption. Savings and consum...
Q: the equilibrium exchange rate bêtween and Japanese yen is currently the exchange rate is $0.009 = 1 ...
A: The equilibrium exchange rate is the long-term exchange rate that equals the purchasing power parity...
Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18 - 2E....
A:
Q: Refer to the market demand and supply functions below: Qd=71,000 – 2,000P Qs = - 25,000 +25,000P Wha...
A: Qd = 71,000 - 2,000P Qs = -25,000 + 25,000P
Q: 1. Suppose a closed economy has national income of $50 million, Investment of $2 million, Inflation ...
A: Total tax rate= (Net tax rate+Rate of inflation)=(15+5)%=20% Total tax revenue=T= $(50*0.2) mil=$10 ...
Q: When a customer takes cash from a drawer in his home and deposits it into his saving account, the co...
A:
Q: Consider the following example of a supply function, Qsx = -875 + 1250PX – 25C where Qsx refers to t...
A: The supply function for product X is given by Qsx=-875+1250Px-25C ... (1) We have to find ...
Q: Suppose that, in a competitive market without government regulations, the equilibrium price of donut...
A: Price control is of two types, i.e., price ceiling and price floor. A price ceiling is a maximum pri...
Q: Assume that a purely competitive firm has the schedule of costs given in the table below. Output TFC...
A: (a) When p=$50, TR=50*Q TC=Given Profit=TR-TC
Q: Which do you think welcomes or rejects globalization? Developed or undeveloped countries? Why?
A: Globalization refers to the process of integration among companies, government and people all over t...
Q: Consider a firm that is currently producing a level of output that maximizes its profits. The firm g...
A: Given: Revenue of the firm = $40 million per month. Worker Compensation = $30 million Renting of ma...
Q: Price £/unit D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 shows a ...
A: The given graph shows shift in demand and supply curves according to different situations with the i...
Q: explain in your own words how several of theories connect for kids living in severely disadvantaged ...
A: Concentrated disadvantaged groups are underprivileged sections of society who live in certain areas....
Q: A local U.S. Postal Service office is considering purchasing a 4,000 lb forklift truck, which will b...
A: All expenses related to the day-to-day operation and administration of a business are included in op...
Q: Using the chart below, when is the value of marginal product of labor when 6 employees are hired? # ...
A: Given:When 6 employee is hired:MPL=9Price of output=$8
Q: Given that demand for some product can be modelled by D(p) = 2022/p, for which objective should the ...
A: The demand is the willingness to buy the quantity at certain time and place . It is directly and in...
Q: What is an economic appraisal and what does it encompasses? List out the steps in carrying out an ec...
A: Economic appraisal, also known as 'appraisal,' is the process of getting the most out of government ...
Q: Assume the supply and demand functions for your Math textbook are: p = -3*Qd + 48 p=(1/2)*Qs + 23 a)...
A: Disclaimer :- as you posted Multipart questions we only can solve first 3 questions only as per gui...
Q: Four hundred driver's license applicants were randomly selected and asked whether they passed their ...
A:
From the information above, calculate and sketch the diagram showing the equilibrium level of income.
Step by step
Solved in 2 steps with 1 images
- Suppose that in the country of Economia: Net Investment = $20 billion, Depreciation = $70b, Net Exports = $30b, Taxes = $90b, Government Expenditure = $60b, Imports = $70b, Consumption = $120b. What does GDP equal in Economia? Select one: a. $300 billion b. $270 billion c. $250 billion d. $230 billion e. $210 billionSuppose an economy consists of only three goods, as shown in this Table: What is real GDP in 2020 and 2021? How much (in percentage terms) did real GDP change between 2020 and 2021?True or false? Consider two economies that spend different shares of their gross domestic product to R&D activities. Is it true that the economy with a larger share of R&D spending grows faster in the long-run?
- In this question, In Country 1, the values of the aggregate variables in 2020 are given as follows: Country 1 (in 2022) Variable Value Consumption 1227 investments 800 Government expenditures: 500 Exports: 150 Imports: 550 What is the GDP of Country 1 in 2022? Only Typing answer I need ASAPSuppose you are provided with the following information about an economy that consists of just three firms: STEEL COMPANYi. Revenues from sales Rs. 400ii. Expenses (wages) Rs. 340iii. Profits Rs. 60CAR COMPANYi. Revenues from Sales Rs. 1000ii. Expenses1. wages Rs. 5002. Steel Purchases Rs. 400iii. Profits Rs. 100SERVICING COMPANYi. Revenues from Sales Rs. 200ii. Expenses (wages) Rs. 160iii. Profits Rs. 40 (a). Compute the GDP in this economy using the following approaches:1. Final goods approach2. Value-added approach3. Income approachThe magazine Women of China reported that Chinese women in big cities spent 63% of their income on consumer goods last year, up from a meagre 26% in 2007. Clothing accounted for the biggest chunk of that spending, at nearly 30%, followed by digital products such as cellphones and cameras (11%) and travel (10%). Chinese consumption as a whole grew faster than the overall economy in the first half of the year and is expected to reach 42% of GDP by 2020, up from the current 36%. Source: The Wall Street Journal, August 27, 2010 If the economy had been operating at a full employment equilibrium, (a) Describe the macroeconomic equilibrium after the rise in consumer spending. (b) Explain and draw a graph to illustrate how the economy can adjust in the long run to restore a full-employment equilibrium.
- Suppose that in a closed economy GDP is $50,000, consumption is $35,000, taxes are 10,000 and government spending is $5,000. In this case, investment is _____. a ($5,000) b $5,000 c $15,000 d None of the aboveSuppose the government increases expenditure towards education and training programs. The intended effect at the macroeconomic level would be? a.To increase net exports, which in turn increases GDP. b.To increase government spending, which in turn increases GDP. c.To increase consumption, which in turn increases GDP. d.To increase private investment today, which in turn increases GDP.For a consumption dependent economy like Malaysia and the United States, which factor contributes most to their GDP? a. Government spending b. Gross private domestic consumption c. Foreign direct investments d. Net exports
- From the table below answer, the following questions in the spaces provided, consider the following data (in billion $) for a country in a particular year: (Personal consumption expenditure (C 1000 (Exports (x 120 (Government Purchases of goods and services (G 400 (Imports (m 110 Gross Domestic Product (Y) 4,500 (Taxes (T 200 5) What is the value of gross investment (I)? Answer 6) What is the amount of investment financed by national savings? Answer 7) What is the amount of investment financed by borrowing from or lending to the rest of the world? Answerif an economy produces 50 oranges sold at $1 each and 100 bananas at $0.50 each, using GDP as the measure of output: a. oranges are weighted as being 2 times more important than bananas. b. oranges are weighted as being 1/2 as important as bananas. c. bananas are weighted as being 2 times more important than oranges. d. bananas are weighted as being 1/2 as important as oranges.Suppose that real GDP is currently $97 billion peryear and natural real GDP is currently $100 billion. what is the GDPgap?