What is the GDP deflator?  How does the GDP deflator relate to real GDP?  Real adjusts for inflation, so how do we arrive at the real GDP number from nominal GDP?

Q: Consider the following diagram, which includes a concave line of best fit: 40,000- US 35,000 - Belgi...

A: The correct answer to the question is option B i.e the line represents diminishing returns to scale....

Q: 4. The total effect of a price change of a commodity is A. O Sustitution effect plus price effect B....

A: Commodity markets can be volatile, with movements that appear to have no rhyme or reason. Commodity ...

Q: If monopoly power is NOT protected by governments,

A: To find : What happens if monopoly power is not protected by government. 

Q: 1. Consider allocations b-f (meaning points a, b, and f). Which allocations(s A. are better for Ross...

A: Note:-  As per Bartleby guidelines, I am providing you with the answers to the first three subparts....

Q: Qd = 20 – 2P %3D

A: Demand equations are estimated by means of the consumption analysis of a consumer and we can do this...

Q: When the perfectly competitive firm and industry are in long run equilibrium, then D - MP - SAC -LAC

A: To find : In perfect competition firma and industry are in long run equilibrium then what will be co...

Q: Refer to the two tables below, which show, respectively, the willingness to pay and the willingness ...

A: we know that equilibrium price is obtained when the supply of goods is equal to demand.

Q: Explain the FOUR(4) assumptions of perfect competition.

A: Perfect competition is a type of a market structure.

Q: What is gross capital formation reflecting in terms of GDP of a country? What it indicates when the ...

A: Gross domestic product is the total market  value of of goods that is produced domestically during t...

Q: Explain two benefits of netting. How can a centralized cash management system be beneficial to an MN...

A: Netting is a risk-reduction strategy in financial contracts that involves linking or aggregating sev...

Q: How does a business contributes to social responsibility and economic development of a nation?

A: Answer   

Q: 10. Applying the rule of 78s to determine prepayment penalties Most installment loan contracts that ...

A: * SOLUTION :-    (10) Based on the given information the calculations are shown below.  

Q: Joe works for pay at a local newspaper 20 hours per week as a columnist, and spends 20 hours week wr...

A: From the statement, it is clear that Joe is working for 20 hours per week as a columnist with pay an...

Q: Suppose that beer and pretzels are unrelated goods (neither complements nor substitutes). Which of t...

A: Basics:- Substitution effect occurs when two goods can replace consumption of each other. Example:-...

Q: A company in the United Kingdom earns $100 million by producing and selling advertising chances to d...

A: Intermediate goods, producer goods or semi-finished products are goods, such as partly finished good...

Q: The degree of inequality in the distribution of income in an economy is depicted in aln O Lorenz cur...

A: The Lorenz curve is a representation of the distribution of a metric – consumption, wages, education...

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.

A: Given the beta = 1 Year 1 income = 80 Year 2 income = 100

Q: Which of the following goods would you expect to be perfect substitutes for each other? Gumballs and...

A: Two goods are a perfect substitute for each other when these goods satisfy the consumer's needs in t...

Q: Part I Given that the marginal cost (mc) to manufacture an Iphone per day is represented by the fun...

A: Answer - "Thank you for submitting the questions .But, we are authorized to solve one question at a ...

Q: Consider the O-Ring model with LaTeX: N=2 tasks. Workers in-country LaTeX: R each have a skill, LaTe...

A: According to O - Ring model : So worker's skill in Latex R = q_R which is 3 times of P Workers's ski...

Q: Suppose a market in which demand equals Q=1200-10p and supply equals Q=20p a- What is the value of ...

A: Consumers' surplus is a proportion of consumer government assistance and is characterized as the abu...

Q: In the endogenous growth model, more time spent accumulating human capital implies A. more consumpti...

A: To find : What implies more time spent accumulating human capital. 

Q: The price of a product is expressed as p, PHP = 10 – 28D where D is the demand. Which of the followi...

A:

Q: Suppose a firm faces the following average and marginal products of labor: APL = 200 + 5L - 0.08L2 M...

A: Stage II of production begins at the point where the marginal product of labor (MPL) and average pro...

Q: Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposa...

A: As per the guidelines solution is provided to the first 3 sub-parts: (i) National income = GDP at ma...

Q: need answer in 15 mins sorry for rushing :(

A: Given:

Q: 10,000

A:

Q: Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.0...

A: Given; Income of the consumer=$200 Price of beer= $6 Price of pretzels= $3

Q: Show that the Cobb – Douglas production function f(x,,x, )= Axx , with 0 0, x, > 0.

A: Given information Cobb-Douglas production functionf(x1,x2)=Ax1αx2βWhere 0<α,β<1and α+β<1Whe...

Q: Marissa, a single mother with one child, can’t seem to make ends meet. Rent and utilities eat up mos...

A: The Supplemental Nutrition Assistance Program (SNAP, formerly the Food Stamp Program) is available t...

Q: 1. Welfare analysis: Basic concepts Identify whether each of the following statements best illustrat...

A: Answer: Producer surplus: It refers to the difference between the selling price and the willingness ...

Q: Derive the steady state level of unemployment and the steady state unemployment rate in the bathtub ...

A: Bathtub model of unemployment in the steady state represent that the change in unemployment is zero....

Q: Additional labor productivity would be equivalent to a) it is not equivalent any of the choices. b)...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: 2

A: Exchange Rate refers to the amount of a certain foreign currency that a unit of foreign currency can...

Q: If the government wants to increase employment, what should it do among the following?    a. decreas...

A: The Reserve ratio refers to the proportion of the deposited money (bank's liability), which a commer...

Q: Future-looking interest rate expectations for 5 periods are as follows: 3%, 4%, 3.5%, 4.5%, 4%. Addi...

A: In the question above, it is given that : Future looking interest rate expectations for 5 periods a...

Q: Consider a used-car market with asymmetric information. The owners of used cars know what their vehi...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Dr. Smith, a new professor, makes $85,000 his first year. He is guaranteed 7 years of employment at ...

A: Given: Salary in 1st year=$85000 Increase in salary each year=8% Years of employment=7 Interest rate...

Q: With reference to the discounted cash flow model for determining stock prices, cafrefully explain ho...

A: Discounted Cash Flow  DCF=CF11+r+CF21+r2 + ......+ CFn(1+r)n DCF= Discounted cash flow CF= Cash flow...

Q: Activity 2.2 : COMPLETE ME Complete the table below by supplying it with products that you consider ...

A: When it comes to shopping for items, consumers frequently have a variety of options. Price changes i...

Q: Suppose that you are the owner of a bakery. The customers who buy the cakes you bake have different ...

A: Given information Number of customer=100 Customers are located equally on a straight line curve with...

Q: How are you going to maximize a profit if the price is given as 3 – 25D?  A. Differentiate the price...

A: profit is the difference between total revenue and total cost.  Profit = Total revenue - Total cost....

Q: Quotas may affect the terms of trade of the country imposing them. The effect of quotas on the terms...

A: A quota is a government-imposed trade restriction that restricts the number or monetary worth of com...

Q: hich 2 of the following statements are correct? elect one or more: O a. The higher capital per worke...

A: Production function shows how with increases in the input the output increases. It gives the relatio...

Q: Question 2 The data of average productivity for each number of workers for a firm are given in the t...

A: a) Figure attached below show the calculations for total product of labor which is computed by multi...

Q: .If the economy wants to decrease private sector's investment spending,

A: The correct answer is b) the government must increase its spending.  

Q: What are the benefits of government setting and managing bank fees and rates?

A: Answer -

Q: Lorenz curve show the inequality in income distribution but it does not show    a. the debts involve...

A: The Lorenz curve is frequently accompanied with a straight diagonal line with a slope of 1, which in...

Q: as firms and workers play to their comparative advantage, trade will also cause the average level of...

A: The measure that depicts the transfer of goods from one entity to another being done in exchange for...

Q: Imagine the following case study where two different countries: Albania and Belize have remained sel...

A: Its very easy to do part B(specifically) Since we have given the marginal product of labor MPL( that...