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- worn out in the production process. ment Now IzMe: Section 2.7 uge your comprehension of this section. To begin, please click the wnward arrow located at the top right of this box. Assignment Score: 0.00% Submit Assignment for Grading Save ns tu2et10h_Ch02_Sec07.02m « Question 2 of 3 » Check My Work Three different economies have made choices about the production of capital goods. Which of the following is most likely to produce the greatest growth in the production possibilities curve (PPC)? O a. Less production of capital goods than what is needed to replace worn-out capital. Ob. Capital goods produced at the exact rate needed to replace worn-out capital. c. More production of consumption goods that replace worn-out capital. O d. Greater production of capital goods than what is needed to replace worn-out capital. MacBook Air DD F6 EZ F8 F9 F10 F11 F12 & * 6 7 8 { P + 000Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulusRefer to the diagram to answer the following: a. The movement from point A to point B represents: b. The movement from point B to point C represents: c. The movement from point A to point C represents Real GDP per hour Worked Y/L ($, 000) 1,000 900- 800- 700- 600- 500- 400 200- 100- Aggregate Production 0 ljuds 300-midifi E Tommyformemberit A 8 D 20 40 00 80 Capital per hour worked K/L (5,000) 100 O Q
- Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…How do i trace this scenario on the circlar flow model, firms inventories unexpectedely rise?Microsoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…
- Time remaining: 01:59:30 Economics 1: Suppose the nation of Utopia has the following national income and product accounts.Depreciation 50Exports 65GDP 500Gross Private Domestic Investment 90Government Purchases of goods & services 100Government transfer payments 80Imports 75Income paid to foreigners for their contribution to domestic output 15Income received by citizens for factors of production supplied abroad 20a. What are Personal Consumption Expenditures?b. What is GNP?c. What is Net Private Domestic Investment? 2:Suppose I offer to give you $1000 in two years if you give me $900 today. Is this a good deal if . . a. the interest rate is 2%?b. the interest rate is 5%?c. the interest rate is 10%?Student question Please Provide the answer for Question 3 and 4 G Font PO PIEL EO P2 3 R/GDPP/GDP R/GDP C Learning Activity 8 Consider the following AD-AS model for an economy and answer the following questions. F LRAS R/GDP AD2 ADI Paragraph SRAS ADO 4. What are factors that can shift LRAS to the right? Answer: Time Left: 00:09:34 1. Indicate the point where the above economy is in equilibrium in the short run and long run? Answer: 2. Explain the inflationary gap in the above graph and how the economy can recover itself from this output gap? Answer: 3. Explain recessionary gap in the above graph and what kind of fiscal policy can be used by a government to recover the economy from this output gap. Answer:Consider the following economy C= 1000 + 0 8YD T=0 25Y 1= 325 G= 225 X= 450 M=0 1Y Equilibrium GDP equals. a. 3500 3750 4000 3250
- Guns A 45,000 30,000 15,000 A B 5,000,000 C 10,000,000 45,000 Guns 4 30,000 15,000 -- D 15,000,000 Butter F 11,000,000 14,000,000 G H Butter 15,000,000 Briefly explain how the economy pictured above could shift production from point E to point CHow do you think your life is affected by macro economic forces? Provide examples as well. Just a summary please:) 1 and a half paragraph2) The below five graphs show the development of key macroeconomic variables over the scope of three years in a certain country. Use them to draw an IS-LM-PC graph that captures the development in this country. Explain carefully what has happened. G Y t 3) China currently (2016) has a household saving rate of about 36 %. It has never been below 27 % in the last 30 years. What role do you think this high saving rate has for China's economic success? It has been argued that the low standard of living in many less developed countries depend on their poor institutions. Explain carefully what kind of "institutions" this argument refers to. 4) 5) The Swedish Fiscal Policy Council discusses public debt policy in a low interest environment in their latest report. The argue that "there are strong arguments in favour of low public debt despite low interest rates. For private operators, it may be rational to increase debt in a low interest rate climate, but this is not necessarily the case for…