Q: Q.7.2.3 Determine the value of the country's NNI (Net National Income) at market price.
A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…
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A: Given information, Income= $60 Price of product A= $4 And, price of product B= $3
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A: Given: Commodity Price 1 Price 11 A 24.09 12 B 20.66 10 C 18.6 16 D 9.45 10
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A: In the mentioned question, we have to construct the supply equation from the mentioned information.…
Q: Calculate the market basket prices for each period. See attached.
A: The term market basket refers to a bundle or group of products that can be indicators of the overall…
Q: Convert the results into an index by dividing each bundle price figure by the bundle price in 2011.…
A: Cost of bundle, 2011 = 1 x 100 + 1.5 x 150 + 3 x 25 = 100 + 225 + 75 = 400 Cost of bundle, 2012 =…
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A: Use the above table to answer a-d . assume that year 2 is the base year.
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A: 6) Retail price index: It lists the prices of goods which shows the change in the cost of living…
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A: Transfer expenditure is the money spent by the government for which it doesnot expect income in…
Q: The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use…
A: Hey thank you for the question. As the first question posted is incomplete (AD AS MODEL IS MISSING),…
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A: The information being given is as follows:- Compensation to employees= $1200 Operating surplus =…
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A: The consumer price index is a measure of change in price levels. The CPI measures the changes in the…
Q: The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use…
A: Nominal GDP : GDP calculated in prices of the current year. Real GDP : GDP calculated in prices of…
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A: Given values: Wages and salaries = $700 Rent = 100 Depreciation = $50 Subsidies = $100
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A: PLEASE FIND THE ANSWER BELOW. PRICE INDEX: The price index, a measure of relative price changes,…
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A: The index is formulated for better computation and aggregation of values of a variable. The price…
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Q: Year 2016 Year 2017 Year 2018 Price Quantity Price Quantity Price Quantity Slime 6. 50 9. 60 10 56…
A: The inflation rate measures the percentage increase in the price level over a period of time.
Q: Assignment 2: Over the last 30 years in the United States, the real price of a college education…
A: Inflation is the increase in general price level of all goods and services in the economy.
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A: We can calculate the GDP deflator using the following equation.
Q: If the current price of a market basket of goods is $850 and the base year price for the same market…
A: Given: Current price = $ 850 Base year price = $500
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Q: describe a decline in purchasing power evidenced in an economic environment of rising prices?
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A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
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A: Given that, Family Flowers employs 17 people, of whom 14 earn gross pay of $640.00 each and 3 earn…
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- The demand for electricity in the Lake Woebegon region is Qd(p) = 100−10p. Quantity is measured in GWh per year and price in monetary units (MU) per GWh. The consumer price of electricity consists of the price of electricity, which can be bought in the competitive electricity market at 2 MU/GWh, and the transmission price. The transmission of electricity from sellers to buyers is provided by the PowerGrid Corporation. The annualized cost of maintaining a power grid with a transmission capacity of k GWh is c(k) = 30 + k MU. What is the transmission capacity, consumer price of electricity, yearly consumer surplus, PowerGrid’s profit, and total surplus, in each of the following cases? (a) PowerGrid Corp sets the price of transmission to maximize profits. (b) PowerGrid Corp sets the price of transmission to maximize total welfare, subject to the constraint that it cannot make a loss. (c) The fixed costs of maintaining transmission capacity increase a little bit. What kind of impact does…Suppose that the annual maintenance cost of a public park is $40,000. The park has no entrance fee and the local government is under considerable pressure to sell it to urban developers. You are asked to estimate the value of the park to the public by using the travel cost method. The park is visited by people living in five concentric zones around it. Each zone has a population of 5000, and the total travel cost for a visit to the park from zone i is given by TCi = 4 (i -1), where i = 1,...,5. For each zone, the estimated relationship between visitation rate V (defined as annual number of visits/(population of zone/1000)) and total travel cost (TC) is given by V = 100 - 5 TC. (a) For each zone, obtain an equation relating the total number of visits from that zone to different levels of a hypothetical fee charged per visit.What is the economic and social consequences covid -19 had on small business
- Find the GNP at factor cost if the GNP at market price is 3200 indirect taxes are 1400 and the subsidy are 1000Many times, the selling price of a product, p, is related to the demand, D, according to the relationship p=a-bD. However, a company has found that the price of their product can be related to demand ( in units per year) according to the following equation: p= $88.5 – (0.5)D0.5 . In addition, there is a fixed cost of $20,000 per year and the variable cost to manufacture the product is $20 per unit. a. What level of demand maximizes total revenue and the maximum revenue? b. What level of demand maximizes total profit for this product and the maximum profit?On September 2, 2021, the Malaysian government set a ceiling retail price of RM19.90 for COVID-19 Self-Test Kit, which would take effect on September 5, 2021. Discuss the advantages and disadvantages of the policy.
- Fill-in-the-Blank: Lower input costs __________ the level of RGDP supplied at any given price level.38. Assuming a $7 per unit tax is imposed for the sole purpose of funding a specific government program to provide free economics education to all citizens, the true total cost of this program will be $______. a) 10 b) 12 c) 14 d) 16 e) 19 f) 28 g) 36 h) 48 i) 66 j) 70 k) 84macroeconmics: the item with maximum weightage in the wholesale price index is? a.)none of the above b.) food items c.)manufactured products d.) fuel and power Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
- The impact of the COVID 19 is being felt throughout the entire tourism system, and reopening and rebuilding destinations will require a collaborative approach.A university is trying to determine how much it should charge for tickets to basketball games to help offset the expenses of the new arena. The cost to build the arena including labor, materials. e tc. was $92 million. Each year the maintenance cost is expected to increase by 5% as the building gets older. 1l1e maintenance cost for the first year is $150.000. Utilities arc expected to average about $200.000 per year and labor costs $300,000. The average attendance at basketball games over the year is expected to be J00.000 people (or 100.000 tickets sold to events). Assuming the arena has no other source of income besides regular ticket sales (not including student tickets) for basketball games, what should the university charge so that it can recover at least a 6% cost of borrowing on its investment? ll1c university expects the arena to be used for 40 years and 10 have no appreciable salvage value.Analyse the impact of Covid-19 on the industry and the economy of India