What happens to real GDP if the government increases spending by $50 million and the government multipier is 1.5?

Q: Question 1 Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per uni...

A: (Q) Maria spends all of her income of $2,000 on food (F) and clothing (C). The prices per unit are: ...

Q: Alow-incomecountrydecidestosetapriceceiling on bread so it can make sure that bread is affordable to...

A: The equilibrium price and equilibrium quantity before the price ceiling is $2.80 and 7,500 respectiv...

Q: How we calculate unemployment rate?

A: The unemployment rate refers to the percentage of the labor force that is jobless. The unemployment ...

Q: Suppose a firm manufactures coffee makers and sells them for $75$75 each. The costs incurred for pro...

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any...

Q: Ned's preferences for apples (qa) and bananas (qb) are captured by the utility function U(qa,qb)= k(...

A: "Since you have asked multiple parts, we will answer only first three parts for you. If you have any...

Q: Calculate real GDP per capita for each region in 2014 using the following data. Round answers to the...

A: Real GDP per capita refers to the portion of the real GDP or the amount of the national income in th...

Q: Which of these challenges is Israel's economy facing?   A. It is too dependent on exporting oi...

A: Economic problem deals with the problem of human behaviour and their relationship with the utility a...

Q: Dollars 10000 is invested for 4 years in a bank earning a simple interest rate of 10% per annum. Fin...

A: Invested amount = $10000 Time period for which the amount is invested = 4 years Interest rate = 10%

Q: Suppose an economist estimates, in Country X, the job separation rate be 4 percentwhile the job find...

A: The natural rate of unemployment is that type of unemployment which exists when there is full employ...

Q: There is a persistent fear that there will be a high level of deflation. Many economists warn that i...

A: Following are the given values: Nominal interest rate = 5.25% Expected inflation = 1.50% Actual infl...

Q: O Part A: Why must double counting be avoided when measuring GDP? Provide an elaborate answer with a...

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want rem...

Q: 1) A company manufactures electrical metering devices that monitor power quality. The company's fixe...

A: Cash flow refer to the inflow and outflow of the money that is operated in by the company. It is the...

Q: Gross Domestic Product (GDP) is one important indicator of economic well-beingof an economy. The fol...

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for first...

Q: The following table shows data on personal consumption expenditures, gross private domestic investme...

A: GDP (Gross Domestic Product) refers to the sum of all the final value of gods and services produced ...

Q: Explain how product differentiation motivates advertising and branding

A: The monopolistic competition and the oligopoly to some extent involve the process of product differe...

Q: 1.1 If you desire to withdraw the following amount in the schedule below from the savings account wh...

A: The deposit in year 0 can be calculated by using the following formula.

Q: ___ is the lack of satisfaction yielded after consuming too much of the same product. A. Diminishing...

A: Utility is a measure of satisfaction generated to a consumer from the consumption of a good or servi...

Q: Suppose that the U.S. government decides to charge beer consumers a tax. Before the tax, 20 million ...

A: Tax refers to the compulsory payment that imposed by the government on consumer, individual people w...

Q: Price Quantity Supply (Qs ) 1 2 3 3 4 4 5 5 6 (a) What can you explain from the graph? (b) Can you i...

A: Hello, Thank you for the question. Since there are multiple questions and multiple subpart questions...

Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total...

A: In case of multiple questions , we answer only the first question .  The answer to the first questio...

Q: AD; SRAS; LRAS; Short-run equilibrium; Long-run equilibrium; Recessionary gap and Inflationary gap. ...

A: Inflationary gap occurs when the current output(GDP) in a nation is in excess of the potential(natur...

Q: For a long time, lending money to finance the purchase of taxi medallions was a very good business--...

A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Reducing Economic Exposure Colorado, Inc., is a U.S.-based MNC that obtains 10 percent of its suppli...

A: According to question, Colorado Inc. is a US-based multinational company, which obtain 10% of its su...

Q: How can cigarettes in perfect competition be productive and allocative efficiency?

A: Productive efficiency means that the economy is producing without any wastage. The choice of product...

Q: How will each of the following changes in demand and/or supply affect equilibrium price and equilibr...

A: Equilibrium in economics is the state of stability and balance. Any deviation from this level will y...

Q: Using the figure above, what is the total revenue for the firm?

A: Total revenue refers to the receipts received after the sales of the given quantity of a commodity i...

Q: Help please.

A: Answer: (1). Equilibrium price: it is the price level where demand and supply curves intersect each ...

Q: Consider a simple economy that produces two goods: pencils and envelopes. The following table shows ...

A: The gross domestic product of a nation is the aggregate of the monetary values of all final goods an...

Q: What is globalization? How do you think it might have affected the economy over the past decade?

A: Globalization is a process through which markets in the global economy are integrated.

Q: In a modified B/C ratio:a. disbenefits and M&O costs are subtracted from benefitsb. disbenefits ...

A: A benefit/cost ratio tells us the relationship between the relative costs(C) and benefits(B) of a pr...

Q: Hyundai Automobile U.S.A. is sponsoringa charity golf tournament to raise monies for achildren’s hos...

A: (a)   The breakeven point (N) for RTJ can be calculated as follows.  

Q: In the context of asymmetric information, adverse selection and moral hazard, how does marketFailure...

A: The market does not perform well in the case, either there is the provisioning of public goods or di...

Q: Explain it correctly

A: Given real GDP = $1200 billion Natural rate of unemployment = 6.5% Unemployment rate = 8%  

Q: Consider a simple economy that produces two goods: tacos and hot dogs. The table shows the economy's...

A: Real GDP refers to the total value of goods and services produced in a year in a defined geographica...

Q: 2. (a) By clearly distinguishing between fixed and variable factor of production, define thelaw of d...

A: Factors of production are inputs into the production function this includes land, labor, capital, et...

Q: What is the relationship between price elasticity and position on the demand curve? For example, as ...

A: Position on the demand curve refers to the movement on the curve itself and not sideways. The price ...

Q: By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her gua...

A: Given values: The amount left with girl (present value) = P20000 Future value of the money = P50,000...

Q: Discretionary and Essential Expenses

A: Expenses of the firms are the major and most important part of a business firm or a company. The exp...

Q: A country imposing a tariff can benefit in terms of social welfare if A. The terms-of-trade benefit ...

A: By imposing tariffs, the prices in the domestic/home country will rise from Pw to PT – which will en...

Q: (Alternative Measures of Profit) Calculate the accounting profit or loss as well as the economic pro...

A: Accounting profit is simply calculated by subtracting the explicit costs from the total revenues of ...

Q: Suppose that in an hour an American worker can produce 200 clothes or 20 cars, while a brazillian ca...

A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: 1. Consider an insurance contract with the premium r=$200 and payout q=$800 a.) John has healthy-sta...

A: a. Fair contract premium can be calculated as follows. The premium is greater than the expected cos...

Q: An electric power distributor charges residential customers $0.10 perkilowatt-hour (kWh). The compan...

A: a. Monthly bill can be calculated as follows: The Annual Bill can be calculated as follows: Thus, ...

Q: In the Southern Company Managerial Challenge, which alternative for complying with the Clean Air Act...

A: The analysis of three choices made by the southern company to comply with the clean air is the follo...

Q: The income of Americans is on the rise. What happens to the sales of new luxury cars? Graph it

A: Answer: Introduction: The income of consumers is positively related to the demand for a good. As the...

Q: An economy produces capital and consumer goods. Discuss the impact on the PPF due to the following: ...

A: Production possibility frontier (PPF) refers to the combination of two goods that a country can prod...

Q: Suppose the RBA decreasesits targetinterest rate. What would be the impact on the Australiandollar a...

A: Reserve Bank of country decides the monetary policies for each country. It is their discretion to in...