The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are in billions of dollars. Potential GDP Net tax revenue (T) Government purchases (G) Desired Investment (I) Desired Consumption (C) 950 125 140 10 800 The government is currently experiencing a a) budget deficit b) budget surplus c) balanced budget
Q: Economics Question
A: This is the diagram of externality.
Q: M7
A: Production means the goods and services are produced with the given inputs and technology. It means…
Q: wo common specifications of the social welfare function (SWF) are the Utilitarian SWF and the…
A: The Societal Welfare Function (SWF) is a condition of individual preferences for optimizing social…
Q: Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling…
A: Revenue is the total income that is derived from the normal operations and activities of a company.
Q: 11 . Let there be $100 new deposit in a bank. a) Calculate the money multiplier for a reserve…
A: Money multiplier = 1 / Required reserve ratio OR Money multiplier = [1 - Currency deposit ratio] /…
Q: Which of the following statements is correct? Select one: a.In models of network goods with…
A: The contemporary economic literature makes reference to the Schumpeterian hypothesis referring to…
Q: Given the following numbers for this economy, what is the inflation rate between year 4 and year 5…
A: A consumer price index is a price index, the price of a weighted average market basket of consumer…
Q: The Utilitarian specification of the social welfare function (SWF) generally leads to a higher…
A: The Social Welfare Function (SWF) is a condition of individual preferences for optimizing social…
Q: Assume two gas stations, Speedy Gas and Quick Fuel, control the market for gasoline at a certain…
A: In Cournot duopoly two firms compete in quantity to maximize profit.
Q: Does this production possibilities curve show increasing opportunity costs? Explain
A: The curve that depicts the combination of goods that could be produced using the resources being…
Q: Thinking of immigration, should nation-states relinquish responsibility for the social reproduction…
A: There are many reasons that will lead to the migration of labors from one place to another. Higher…
Q: 20,000 -90,000 50,000 -10,000 2 4 According to the rule of signs, there can be up to three |rate of…
A: *Answer: Given cash flow i=15%
Q: Legendary for his business and investment acumen, Warren Buffett is frequently called the “Oracle of…
A: Elaborating the statement of the buffet, A producer operating at a higher cost cannot sustain itself…
Q: What is the opportunity cost of moving from point C to point B
A: The economics as a study is based upon the basic idea that the resources which are present with the…
Q: 103)What is the value of the marginal product of labour equal to? A. the change in total profit…
A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost.
Q: Explain in details the model graph in the North West Government North-West economy LRAS SRAS P1 E1…
A: Graph is related with AS AD model . Where LRAS is vertical line which means that production can't be…
Q: What would be an example of an implicit cost of production? A. the cost of a delivery truck in a…
A: Total economic cost is the sum of implicit cost and explicit cost.
Q: I need help with econ multiple hw questions asap! 77) Refer to the attached Figure 20. To maximize…
A: (77). To maximize profit, monopolist will choose that level of output where marginal revenue is…
Q: reserves are equal to $0 when the reserve ratio is 10%, the bank has deposits of $
A:
Q: 3. Monopolistic Competition i. Discuss the main characteristics of the monopolistically competitive…
A: The monopolistic market is characterized by the many firms and these firms produce the…
Q: Fill in the blanks with the options provided. (1) When saving is negative, the excess of…
A: Disposable income is defined as the income that is available for consumption of the consumer after…
Q: The demand for pastries slopes downward and the supply of pastries slopes upward. Suppose that the…
A: Elasticity measures how responsive is quantity to changes in price level.
Q: If Total utility function Tu= x3-30 X2 Find number of consumption where is Average Utility moxim
A: Average utility refers to the utility that is obtained by the consumer per unit of commodity…
Q: 93) As the number of firms change in an oligopoly market, what will it become? A. As the number of…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $19.4 trillion, consumption (C) equal to…
A: Here, the information about the income and the components of AD, such as consumption, government…
Q: Suppose that there are two petral stations in a suburb, Frank's Fuel and Pete's Petrol. Suppose that…
A: Profit-maximizing quantity is such a quantity where marginal revenue is equal to marginal cost.
Q: Calculate Cho's marginal revenue and marginal cost for the first seven frying pans she produces, and…
A: Profit maximisation is a process that companies bear to ensure that they need the most effective…
Q: Refer to the figure. The section of the demand curve labeled "A" represents Price Quantity the…
A: Demand curve shows different combinations of price and quantity demanded.
Q: Refer to the attached Figure 14. What was producer surplus before the tax? A. $75 B. $150 C. $45…
A: Producer surplus refers to the area that lies above the supply curve and below the price.
Q: Revenue increases from 10 to 12 and the income elasticity of demand is - 0.5. The quantity demanded…
A: Elasticity is used by firms to determine the prices of their products and to increase/ decrease…
Q: B. when economic profits are zero
A:
Q: Continuing to work with a 2% inflation target, a 1999 version of the Taylor Rule and an initial…
A: A nominal interest rate alludes to the interest rate prior to considering inflation. It is the…
Q: Please provide a complete solution. Thank you! If you deposit 500 pesos at the end of each year…
A: The correct answer is given in the second step.
Q: Explain the concept of restrictive covenants. When and why do they apply?
A: Restrictive covenants: When some property is bought and sold between parties then there is some…
Q: The supply curve of some good is vertical. What will be the effects of a fall in demand for it?…
A: Supply curve represent the positive relationship between the existing price of a commodity and it's…
Q: Suppose a bank's assets have an average duration of 3 years, and its liabilities have an average…
A: In a market, duration gap refers to the market analysis approach which examines the sensitivity of…
Q: Identify the institutions that help firms and nations finance international business.
A: International financial institutions help provide financial support and advice for economic…
Q: Economic profit is the difference between total revenue and the A) costs of resources bought in…
A: Economics is the study of the scarcity of resources and unlimited wants. The scarcity of resources…
Q: Ministry on International Trade & Industry International Trade
A: international trade is the trading of goods and services between nations. trading worldwide offers…
Q: O b. 40% decrease in quantity demanded
A:
Q: 1. Consider the following demand and supply functions: Q- 1000 - 2P (Demand) Q --500 + 3P (Private…
A: Disclaimer: Since it is a multiple part question, I am providing the answer to the first three…
Q: physical |product (TPPL) (АPPL) (MP 1 7 2 20 3 39 4 55 5 66 6 70 7 70 8 67 lculate the marginal…
A: All answers given below,
Q: A They will score more goals if they get better forwards. DB They have the highest payrol in the…
A: Maple Leaf Sports and Entertainment (MLSE) claims a portion of Canada's driving wearing…
Q: Explains it correctly Q)Elasticity of demand and supply is both 1.23. Will the consumers pay more…
A: Price elasticity of demand and supply are used to determine the change in quantity demanded and…
Q: Income increases from £20,000 p.a. to £22,000 p.a. Quantity demanded per year increases from 5000 to…
A: There are two types of goods, inferior and normal, depending on their relationship with income.
Q: Answer any 1 from a and b below Explain the shape of AS? What shifts AS
A: The curve that depicts various quantities of goods being supplied by producers at different price…
Q: Suppose that a U.S 1-year bond has a yield of 1.520% while one from China has a yield of 2.165%.…
A: Inflation refers to the rise in the general price levels of goods and services within a country over…
Q: Thomas Eisensee and David Stromberg wanted to measure how much news coverage of a foreign disaster…
A: The basis of any economic or econometric model is to design an accurate predictor of real-life…
Q: When a profit-maximizing firm is earning profits, what can identify those profits? A. (P – AVC) × Q…
A: Profit maximization is the goal of all the firms operating in the market.
Q: Please answer fast
A: IS curve is a curve that shows the inverse relationship between the interest rate and disposable…
Step by step
Solved in 2 steps
- True or false?Part A. Government production accounts for about half of all GDP in the United States. Part B.Gross domestic product is the money value of all final goods and services produced in an economy in a year.Use the following composition of expenditure for the economy of a countrynamed the Republic of Tapuwa, for the year ended 2019 to answer thequestions below: COMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of theworld 300 Foreign payment from the rest of the world 250 Q1. Calculate the value of the country’s GDE (Gross DomesticExpenditure). Q2. Compute the value for the country’s GDP (Gross Domestic Product)at market price.Please tell me which is the correct awnser for question 1.1 below there is nothing missing please just tell me which awnser or aawnsers are correct thank you Select one or more: a. If Country C's GDP per capita rises from $2,500 to 7,500, and Country D's GDP per capita rises from $6,000 to 18,000, the ratio of GDP per capita between the two countries is unchanged. b. If a country’s GDP doubles every 50 years on a ratio scale graph against time it will rise at an increasing rate. c. Country B is growing a higher percentage rate than Country A, but Country A is 5 times richer than Country B. On a linear scale graph against time the gap between the two lines must be narrowing. d. Country E is growing at the same percentage rate as Country F, but Country E is 3 times richer than Country F. On a log scale graph against time the gap between the two lines will be constant.
- Please no written by hand and no emage For a country, if we sum up its consumption, investment and government spending, the total percentage of GDP could NOT be represented by which of the following. Group of answer choices 74% 89% 105% Each of the choices above could represent the total percentageWhich of the following statements is false? Select one: A. GDP is the total of all spending on final goods and services in an economy B. Unemployment refers to those people without a job, and who are looking for one C. Interest rates are a tool of fiscal policy D. Inflation is the rate of increase in prices2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency) 835,000 million 2020 Q3 Consumption (in 2020 Q3 Nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 Nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 Nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 Nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 Nigerian currency) 255,000 million 2020 Q3 Imports (in 2020 Q3 Nigerian currency) 277,000 million 2020 Q3 Consumption (in 2018 Nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 Nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 Nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 Nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 Nigerian currency) 328,000 million…
- 2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency) 835,000 million 2020 Q3 Consumption (in 2020 Q3 Nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 Nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 Nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 Nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 Nigerian currency) 255,000 million 2020 Q3 Imports (in 2020 Q3 Nigerian currency) 277,000 million 2020 Q3 Consumption (in 2018 Nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 Nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 Nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 Nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 Nigerian currency) 328,000 million…2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency) 835,000 million 2020 Q3 Consumption (in 2020 Q3 Nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 Nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 Nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 Nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 Nigerian currency) 255,000 million 2020 Q3 Imports (in 2020 Q3 Nigerian currency) 277,000 million 2020 Q3 Consumption (in 2018 Nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 Nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 Nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 Nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 Nigerian currency) 328,000 million 2020 Q3 Imports (in 2018 Nigerian currency) 260,000 million 2020 Q2 Population 5.37…2020 Q2 GDP (in 2020 Q3 nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 nigerian currency) 835,000 million 2020 Q3 Consumption (in 2020 Q3 nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 nigerian currency 255,000 million 2020 Q3 Imports (in 2020 Q3 nigerian currency 277,000 million 2020 Q3 Consumption (in 2018 nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 nigerian currency) 328,000 million…
- Calculate government investment per capita for each yearShow all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Investment 1500 Indirect business taxes 300 Retained earning 244 Corporate taxes 200 Social securities taxes 900 Government purchases 1500 Export 500 Transfer payments 1000 Net interest 500 Net foreign factor income 4 Depreciation 800 Capital consumption allowance Import 100 Personal income tax 300 a. Calculate GDP from the above figures b. Calculate national income from the above figures c. Calculate personal income from the above figures d. Calculate disposable income from the above figuresDeterminant Change Needed to Increase SRASSRAS Technology (Decline, Improvement) Input Prices (Decrease, Increase) Tax Rates on Firms and Corporations (Decrease, Increase)