The outer flow in the circular flow diagram is measured in O goods and services produced O inputs (factors of production) O government revenues O money
Q: Draw a Circular-Flow diagram. Identify the parts of the model that correspond to flow of goods and…
A:
Q: onsider a simple economy that produces two goods: pens and oranges. The following table shows the…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: In the Romer model, if an economy allocates all of its labor to ideas, it will OA. reduce the…
A: The basis of the Romer model is the knowledge, which it considers to be cumulative. Romer…
Q: a) Explain the characteristics of the production function used in the Heckscher-Ohlin (H-O) model.
A: Hi, since there are multiple parts, we would solve the first part for you. The following problem has…
Q: What is economic region of production? Describe with diagram.
A: An economic region of production can be referred to as an area of economic sense in which the…
Q: Table 1 Production Function and Demand for Labor Schedules Real GDP (billions of 2012 dollars) 165-…
A: Real wages will be wages adapted to swelling, or, comparably, wages as far as the measure of labor…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: When base year is given, real GDP is a specfiic year is calculated by GDP deflator and nominal GDP…
Q: 3. Which of the following is NOT a factor of production? Land, area to make things. O Labor, people…
A: Production is the process of combining the different inputs and materials to get consumable output.…
Q: For each of the following activities, identify the flow of dollars as either household-to-firm or…
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: The gross domestic product (GDP) refers to the market value or money value of all the final or…
Q: escribe the term macro economic
A: The answer is given below
Q: What is the importance of the circular-flow diagram?
A: Answer to the question is as follows:
Q: If there are only two goods, apples and bikes produced in the economy; in 2015 total production of…
A: The cost of the basket is the total cost of products and services manufactured in an economy.
Q: uppose the information in the following table is for a simple economy that produces only the…
A:
Q: Which of the following would be studied in macroeconomics? O a) individual markets b) changes in the…
A: Macroeconomics is the branch of economics that deals with issues concerning the economy as a whole.
Q: ppose the information in the following table is for asimple economy that produces only the following…
A: According to the question given that the data of basket of the services and goods. a) Real GDP can…
Q: Stan is a comic book artist. In a year's work Stan could write 50 comic books or help producing 2…
A:
Q: The following diagram represents an economy in which total factor productivity z increases. PPF2 PPF…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Q4. Gorgonzola is a small island nation with a simple economy that produces only sıx goods: sugar…
A: 4) b) Given the production information, it is known that one-quarter of sugar is used to make rum…
Q: Question b The output level on a AD/AS graph when all factors of production are being used is called…
A: The link between the total quantity of production demanded (measured in real GDP) and the price…
Q: Draw a circular flow diagrm. Identify the parts of model that corresponds to flow of goods and…
A: The circular-flow diagram (or circular-flow model) is a graphical representation of the movement of…
Q: In the circular-flow diagram, which of the following do firms NOT do? a. use factors of production…
A: In the circular-flow diagram, the following are done by the firms :a)The firm uses factors of…
Q: 9. In 2010 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100…
A: We have different consumptions and income combinations of different countries. We required sum of…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: Real GDP is calculated as in Base year price. Base Year is 2007Real GDP2016 = Price2007 x Quantity…
Q: Suppose the production function in an economy is Y = K0SL0.5, where K is the amount of capital and L…
A: Y = K0.5L0.5K = 25L = 25
Q: Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods…
A: The circular flow diagram representing flow of goods and services and flow of factors of production…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: Here, it is given that the base year is 2012 and the price and quantity of different goods and…
Q: In the simple circular flow of economic activity, goods, and services flow via: a. factor markets to…
A: Circular flow model explains how an economy functions. It analyses the way goods, services and money…
Q: 1. (Table: Consumption for Four Consumers) Use Table: Consumption for Four Consumers Construct the…
A: Disposable Income Nicki's consumption Manuel's consumption Santiago's consumption Cardi's…
Q: onsider the production productivity matrix of two goods from the US and India: United States of…
A:
Q: Artica is a nation with a simple economy that produces onlysix goods: oranges, bicycles, magazines,…
A: a. The nominal GDP of the economy can be calculated by multiplying the output of the current year…
Q: (d) Calculate the GDP deflator for both years. (e) Calculate the rate of inflation for 2001 using…
A: Nominal GDP for 2001 : = P2001×Q2001(Houses)+P2001×Q2001(Shoes)…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: * SOLUTION :- *(A) Cotton is an intermediate good. Thus, it can not be included in GDP calculation…
Q: explain the difference between intermediate goods and final goods and give an example of each.
A: Definition: Final goods are those goods that are consumed directly. Intermediate goods are those…
Q: Please help with questions D & E: Consider an economy that produces and consumes shoes and houses.…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Use the table and information below to answer the next two questions: Data for Questions 1 & 2…
A: Answer: The consumer price index is used to measure the changes in the prices over a period of time,…
Q: Graph and label as either direct or indirect the relationships you would expect to find between (a)…
A: The graph shows the relationship between the two data sets. An inverse relationship…
Q: Suppose an economy that produces and consumes apples, bread, and toy-cars. In the following table…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: 1. 1he flowing data was for Phosphate Company, the output (Yi) in 2010 was 2 billion $. in 20011 was…
A: For different years of output we have different years cost associated with output. So the sum of C2i…
Q: Explain the circular flow diagram
A: Circular flow diagram:- It refers to the graphical representation of flow of goods or services and…
Q: The four categories of income in the economy are: O wages, rent, interest, profit O consumption,…
A: The inputs which are used for the production of a service or a good are referred to as factors of…
Q: The Batguano company produces 200 tonnes of fertilizer using only labour and capital. The fertilizer…
A: Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Suppose the information in the following table is for a simple economy that produces only the…
A: ReaL GDP = current year output * prices in base year = Current year output of shoes * price in 2012…
Q: In the simple circular-flow diagram, a. households own the factors of production. b. households…
A:
Q: Within the circular flow model, economists define households as O A. families living in their own…
A: An economic define household as a group of people who are live together and cook food in the same…
Q: In the simple circular-flow diagram, who buys the factors of production? A) Households only B)…
A: Simple circular flow diagram is a model of the economy in which economic exchanges are represented…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Q1. Draw a circular flow diagrm. Identify the parts of model that corresponds to flow of goods and services and the flow of dollar for each of the following activites. Ahmed earns Rs 200 per houir working in a factory Ayesha spend Rs1500 for a pizza “Eat More” bakery pay Rs 2500 for the rent on its shop Maya purchases a new pair of earrings for Rs 250Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. Stuart earns $4.50 per hour working at a fast-food restaurant.a. Draw a circular-flow diagram. Identify the parts of the model that correspondto the flow of goods and services and the flow of dollars for each of thefollowing activities. i. Paul purchases a pair of shoes for $30. ii. Shannon receives a salary of $1,500 per week at the supermarket whichshe works. iii. Honda Limited receives $20,000 for the sale of a sports utility vehicle. iv. Mark earns $2,000 from his 15 percent ownership of Apple stock.
- An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the production of cars. The car requires $4,000 of steel, $6,000 seats, $10,000 of electronics, $2,000 tires, $10,000 of labor, $5,000 of capital and has a 20% sales markup to consumers. a. What is the total value of intermediate goods? b. What are the total payments to factors of production? c. What is the total value of sales? d. What is the value of GDP from the sale of this car?Draw a circular-flow diagram. Identify the partsof the model that correspond to the flow of goodsand services and the flow of dollars for each of thefollowing activities.a. Selena pays a storekeeper $1 for a quart of milk.b. Stuart earns $8 per hour working at a fast-foodrestaurant.c. Shanna spends $40 to get a haircut.d. Salma earns $20,000 from her 10 percentownership of Acme Industrial.Draw a circular flow diagram. Determine the parts of the model that correspond to theflow of goods and services and the flow of dollars for each of the following activities.i. Ms. Goh earns RM3, 000 rental income from her 10 percent ownership of landproperty.
- 1. Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Selena pays a storekeeper $1 for a liter of milk. b. Stuart earns $4.50 per hour working at a fast-food restaurant. c. Shanna spends $30 to get a haircut. d. Salma earns $10,000 from her 10% ownership of Acme Industrial.hello so i just wanna know how to make graphs on excel sheet using the data i am gonna give you and an example of how the graph should look like in picture. all i want is a screenshot of how i am supposed to put all numbers in which coloums thanks. here is the data: Month Sales Jan-16 747 Feb-16 697 Mar-16 1014 Apr-16 1126 May-16 1105 Jun-16 1450 Jul-16 1639 Aug-16 1711 Sep-16 1307 Oct-16 1223 Nov-16 975 Dec-16 953 Jan-17 1024 Feb-17 928 Mar-17 1442 Apr-17 1371 May-17 1536 Jun-17 2004 Jul-17 1854 Aug-17 1951 Sep-17 1516 Oct-17 1642 Nov-17 1166 Dec-17 1106 Jan-18 1189 Feb-18 1209 Mar-18 1754 Apr-18 1843 May-18 1769 Jun-18 2207 Jul-18 2471 Aug-18 2288 Sep-18 1867 Oct-18 1980 Nov-18 1418 Dec-18 1333 Jan-19 1333 Feb-19 1370 Mar-19 2142 Apr-19 2138 May-19 2078 Jun-19 2960 Jul-19 2616 Aug-19 2861 Sep-19 2237 Oct-19 2225 Nov-19 1590 Dec-19 1659 Jan-20 1613 Feb-20 1605 Mar-20 2349…1. Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the follow of money for each of the following activities. Alain pays a storekeeper P100 for a liter of milk. John earns P90 per hour working at a fast-food restaurant Hanna spends P120 to get a haircut Anton earns P100,000 from his retailing business.
- Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. Sam pays a storekeeper $1 for a quart of milk. Sally earns $4.50 per hour working at a fast food restaurant. Serena spends $7 to see a movie. Stuart earns $10,000 from his 10 percent ownership of Acme Industrial.Suppose you are attempting to choose a measure of living standards within a particular region. Discuss the relative merits (pros and cons) of each of the following possible measures of living standards. Real household consumption expenditure per capita over the last 12 months (averagefor the region) Indicators of whether a household has a dirt floor, uses water from an improved source, and sends children to school (averagefor the region)1/3 of a unit of capital goods. 3 units of capital goods. 6 units of capital goods. 1/6 of a unit of capital goods.