The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the table by recording values for GDP, residentia net exports. (Enter your responses as integors and use minus signs if necessary.) The Composition of GDP, 2015 Billions of Dollars GDP (Y) Consumption (C) 11,486 Investment () 2,431 Nonresidential 1,889 Residential 3 Government spending (G) 3,057 4 Net exports Exports (X) 2,435 Imports (IM) 2,868 5 Inventory investment 77

Q: Kevin quits his computer programming job, where he was earning a salary of $60,000 per year, to star...

A: Accounting cost includes the costs of business activities, economic cost includes the opportunity co...

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 18  - 2E....

A: Given that, Suppose that a firm's marginal abatement cost function with existing technologies is MAC...

Q: The traditional diet of the citizens of the nation of Ironia includes a lot of red meat, and rancher...

A: (a) At a price of $4 per kilo, the quantity demanded is 35 thousand kg of meat, and the quantity sup...

Q: in the McCall partial equilibrium model, if unemployed individual can only live for 10 periods. In e...

A:  An unemployed individual can only live for 10 periods In each period, she will receive $400 if unem...

Q: In the Philippines, gasoline price depends on supply and demand, as the price increases consumers ar...

A: Purchasing gasoline has increased from P2.90 per gallon to P2.98 per gallon   Therefore, requirement...

Q: In the summer of 2018, you took a vacation and visited several destinations in France, including the...

A: The balance of trade, also known as the commercial balance or net exports, is the monetary value dif...

Q: Now let’s consider a more complicated game. In Game 1 below, the US and Iran are bargaining over the...

A: Given game X value will be more than 0 and less than 1 0<X<1  

Q: Which of the following are effective anti-poverty policies?     a) Rent controls     b) Farm pri...

A: Poverty is very serious issue in most of the country around the world. So, government of the country...

Q: Cornell Pharmaceutical, Inc., and Penn Medical, Ltd., supply generic drugs to treat a wide variety o...

A: Given  P=10+0.004Qc and P=8+0.008Qp

Q: Why the government should not be included in circular flow model and whether you think the governmen...

A: circular flow model Lets understand this concept with an example:- In this circular flow model ther...

Q: Suppose a firm faces a cost function of C = 8 + 4q + q^2, so that its marginal cost is MC=4 + 2q. a)...

A:

Q: Which of the following legislative constraints applies to the issue of minimum wage? a. human rights...

A: The answer is - b. trade union legislation

Q: Q.1 (B2. Shift of aggregate demand) For each of the following separate scenarios, discuss how it wou...

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

Q: What type of corporation is it if the corporation is registered in a foreign country? Select one: O ...

A: Answer: Alien corporation: if a corporation is registered in any foreign country (say Japan) and doi...

Q: a) Clearly indicate the eliminated dominated strategies. Apply the EIE algorithm, and determine the ...

A: The given matrix is:   w x y z a (1,5) (2,2) (0,4) (3,1) b (3,0) (4,1) (2,5) (4,2) c (1,3) ...

Q: Question 19 What was the mito? O A labor tax on indigenous peoples in the Andes O A tax on silver pr...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: What changes has the supply and demand of micro chip seen recently and expected for the future? How ...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: Each actor has two possible actions: reduce greenhouse-gas emissions or increase emissions. Each pla...

A: Game theory: - Game theory is the mathematical way of decision-making by different players competing...

Q: A firm faces the demand schedule = 0.69 and the total cost function TC = 40 + 30q + 0.4q². %3D (a) W...

A:

Q: What are the advantages of Endogenous growth theories?

A: Endogenous Growth Model Endogenous Growth Model explains that the factors determining economic growt...

Q: In each state, which points are stable steady states?

A: Answer -

Q: In the long-run equilibrium of a competitive market with identical firms, what are the relationships...

A: please find the answer below.

Q: Price $11 10 90 100 Quantity 22. How much of the tax will the sellers pay? а. $3 b. $2 C. $1 d. $0 2...

A: The markets are the place where the buyers and the sellers of the goods, services, and other product...

Q: Consider the following version of the short run monetary model: MD/P = exp(-0.50*)*Y (UK) MS = M i-L...

A: Given,  The Money Demand in UK : MD/P=e(-0.50*i)*YMS=Mi=i_{US}+e^e-eM=1100Y=1506P=1i_US=0.04e^e=0.7

Q: Which of the following statements is FALSE? (A) high rates of unemployment often have a way of perpe...

A: Statement B is false. The availability of unemployment benefits reduces the worker's effort to find ...

Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q- Find the ...

A: a)TR(Q)=500Q-13Q3Now,MR=∂TR∂QMR=∂(500Q-13Q3)∂QMR=500-33Q3-1MR=500-Q2

Q: 4. Consider a world that consists of two countries, Australia and New Zealand. Both countries produc...

A: The Hecksher-Ohlin (HO) theory takes into account two countries, two commodities, and two factors (l...

Q: Jane has 11 liters of soft drinks and 10 sandwiches.​ Bob, on the other hand, has 9 liters of soft d...

A: The Pareto optimum points are those where no one can be made better without making someone else wors...

Q: QUESTION 32 Positive economic analysis a. involves judgments on how resources should be used in an e...

A: The answer is - c. involves how resources are actually used in an economy.

Q: 53. Find the equivalent effective rate of interest if a financing company charges 1.53% per month on...

A: The effective interest rate (EIR), effective yearly interest rate, yearly identical rate (AER) or es...

Q: alo

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

Q: 3. Two countries, Taiwan and Korea, produce two goods, avionics and integrated circuits (ICs), using...

A: There are two countries : Taiwan & Korea  Produce two goods : Avionics & ICs  Both countries...

Q: The figure below shows the market for higher education. The market demand curve for higher education...

A: Given:- Higher education produces positive externality and government provides $8000 subsidy per stu...

Q: 51. It is the amount of property would sell if disposed off as a junk. market value salvage value sc...

A: We are authorized to answer one question at a time, since you have not mentioned which question you ...

Q: State (a): Two stable steady-states State (b): Fragile economic booms followed by stagnation trap Ev...

A: Because low aggregate demand depresses aggregate demand and pulls the policy rate closer to zero, th...

Q: 3. Two countries, Taiwan and Korea, produce two goods, avionics and integrated circuits (ICs), using...

A: Autarky is a kind of self-reliance and restricted trade that is commonly characterized as a form of ...

Q: The number of hits per day on the Web site of a tool company is normally distributed with a mean of ...

A: Given in the question Mean= 600 Standard deviation = 120

Q: Examine the following table: Value of Exports (in billions) Value of Imports (in billions) Bal...

A: The following table shows the value of Imports and Exports of goods, services, income receipts and p...

Q: Consider the following Cobb-Douglas production function. Q = 25K0.4L0.3 a. Find the first, second, a...

A: The Cobb-Douglas production functions show the technical relationship between two or more inputs and...

Q: There are two coffee companies (company A and company B) in the market. A research institute approac...

A: (a) We complete the given payoff matrix from the information provided in the question.    Compan...

Q: - The assumption of profit maximization, where profit (t) is equal to the difference between total r...

A: The total revenue refers to the amount received by selling the total quantity of output. It is equal...

Q: A monopolist produces and sells 400 units at a price of $40 per unit. The monopolist’s marginal cost...

A: Monopolist is a single firm that maximizes profit by producing at MR =MC and charging the maximum pr...

Q: Please discuss the Clayton Act and provide an example of how this topic is relevant in the business ...

A: The Clayton Antitrust Act is a legislation of legislation that was passed by the United States Congr...

Q: Consider the above table for the market for oranges. A deep frost destroys many or the orange juice ...

A: The curve that depicts the quantities that are being demanded by individuals at various levels of pr...

Q: An economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020.  ...

A: A country's current account tracks the value of its exports and imports of commodities and services,...

Q: In an intertemporal optimizing model consumption, a consumer living from time zero (0) to time t has...

A: The intertemporal optimal model is a hypothesis that states that people must choose between consumpt...

Q: What are your measures to sustain economic development?

A: In an economy, sustainable economic development refers to maintaining the economic growth and econom...

Q: elastic. If the federal government eliminated the 20 cents per gallon gasoline tax, e price paid by ...

A: Elasticity of demand depicts how much consumer responds with the change in the price level. 

Q: n Game 1 below, the US and Iran are bargaining over the state of Iran’s nuclear program. The US must...

A: Players : { US, Iran} Strategy US= { PC BD, PC AS, PS BD, PS AS} Strategy Iran= {AC BD, NE BD, AC RE...

Q: In the simple Keynesian model, a $1bn decrease in net taxes (T) will lead to an increase in output o...

A: