What is the Impact of Covid-19 on the Economy?

Q: Show the change, if any, from SRAS to SRAS1 with an arrow indicating direction of change and explain…

A: Economists and policymakers generally use a graphical depiction of the market condition because it…

Q: QUESTION 17A change in which of the following variables will have NO direct effect on domestic…

A: Domestic demand refers to the total amount of money spent on goods and services by individuals,…

Q: Where 9. 10 0.5 20 0.05 100 100 0.1 In equilibrium aggregate consumption (C) is equal to: A. 180 В.…

A: Y = C + I + G Putting given values, Y = 10 + 0.5 x [Y + 20 - 0.1Y] + 100 + 0.05Y + 100 + 20 + 0.1Y Y…

Q: T5

A: In an economy, when any of the economic policy is implemented to deal with market condition, there…

Q: Explain the relationship between MPL and MC

A: Marginal Product of Labor (MPL): - it is the change in total production due to the employment of an…

Q: Why is Afghanistan in recession due to COVID-19?

A: Afghanistan is a relatively lesser integrated economy earlier as it generally maintains a gap with…

Q: Change in consumer incomes Change in prices of соmpeting products Change in prices for raw materials…

A: The demand and supply curves both are the functions of price and quantity. There are many factors…

Q: Calculate the value of the hvestment multiplier when MPC is given 0.90

A:

Q: 1.Show the relationship between short-run MC and MPL both mathematically and graphically.

A: Labor's marginal product is proportional to production costs. Fixed and variable costs are separated…

Q: When do you expect the current economic situation (caused by COVID-19) to change?

A: Due to covid 19,World is going through recession. Economic activity has declined in many countries…

Q: If government purchases are increased by $100, taxes are reduced by $100, and the MPC is 0.8,…

A: Government spending multiplier = 1 / (1 - MPC) Tax multiplier = - MPC / (1 - MPC)

Q: What happens to GDDP if the investment icreases by 100 with MPC 0,8 and tax 20%

A:

Q: Calculate the MPC when MPS is given to be as 0.9

A: Marginal propensity to consume (MPC) refers to the proportion of increase in income that a consumer…

Q: Price of advertising in newspapers and magazines are Rs.5 and Rs.10 respectively. The total budget…

A: General budget constraint can be Witten as follows. Substitute the respective values in Equation…

Q: If aggretate exppenditure is greater than total income:     investment will decrease because such…

A: In an economy, aggregate expenditure refers to the total amount of money spend by the people of a…

Q: Due to good weather, there is an increase in the demand for the good. The new demand equation is Qd…

A: Solution: First, derive the equilibrium price and quantity: At equilibrium: Qd = Qs 180 – 2P = -15 +…

Q: is the world heading for a recession? explain the conditons under which the world can be classified…

A: Recession is an important phase of the business cycle. The recession is the movement from economic…

Q: Explain the relationship of Covid-19 pandemic to the declining economy of every country.

A: COVID-19 has expanded to around two hundred nations and all 50 states of the United States in the…

Q: IF THE MPC IS 0.85 what will be the MPS????? need fast

A:

Q: If the MPC is given as 0.55 find the value of MPS.

A:

Q: Calculate the value of average propensity to save when savings is given to be as $400 and income is…

A: The average propensity to save is given as the savings per unit of income.  APS = S / Y

Q: DLSU is a large private university, that is known for its strong athletics program, especially in…

A: Complementary goods: refers to those goods which can be used together to satisfise the consumer's…

Q: The following is a hypothetical estimate of a demand curve for butter over the period 2001-10. Qu =…

A: Qd = 145 - 1.5P - 0.001Y + 2Pm   Note:- As per the guidelines we can solve only the first 3 parts of…

Q: Consider an economy that is characterized by the following equations C= 400 + 0 5 Vd I = 700 - 40001…

A: C= 400 + 0.5 Yd I = 700 - 4000i + 0.1Y G= 200 T= 200 (MP)d = 0.75Y - 7500i (M/P)' = 600

Q: Compare the impact of a recession that reduces consumer income by 10 percent on the consumption of…

A: Income elasticity of demand = % change in demand% change in income % change in demand = Income…

Q: How COVID-19 affect the domestic market?

A: Domestic Market: Domestic Market refers to the internal market in which economic activities are…

Q: Firms hold planned inventories in anticipation of sales. Select one: True False

A: Anticipatory inventory or planned inventory is the stock of materials or goods kept at hand by a…

Q: Discuss the impact of COVID-19 in the Philippines

A: The covid-19 Pandemic or popularly known as Novel coronavirus has had devastating impact on the…

Q: Due to good weather, there is an increase in the demand for the good. The new demand equation is Qd…

A: The loss of efficiency in an economy caused by price controls, taxation or subsidies is referred to…

Q: MPC. Explain in short.

A: Spending for the attainment of utility is characterised as consumption. Investing, on the other…

Q: What is the effect on MPE, if there is an increase in a) MPC b) MPS c) MPM ) MTR

A: MPE stands for marginal propensity to expend. MPS stands for marginal propensity to save MPC stands…

Q: Define the tax multiplier and give the algebraic expression.

A: A payment that is compulsory and is levied by the Government to fund the expenditures of the state…

Q: Use the Lagrange multiplier method to optimize the objective function 30xy subject to the constraint…

A:

Q: What are the expected effects of austerity measures over the longer run

A: Austerity measures are the actions that are taken by the public authority of an economy in which the…

Q: the MPC is

A: MPC means marginal propensity to consume. MPC refers to proportion of additional unit of income…

Q: The demand function for apples is the following. Qn = 10 - Pn + 0.2Y +0.5 Pc - 2P, + 0.2A %3D Where:…

A: Solution  Given demand function  Qn=10-Pn+0.2Y+0.5Pc-2Ps+0.2A           ............. (1) Pn =1…

Q: Suppose that the economy is characterized by the following behavioural equations:

A: We will answer part c, d and e of the question for you.

Q: Which of the following has the largest multiplier asssociated with it? A) MPC = 0.6 B) MPC = 0.8…

A: The gross domestic product multiplier is the value that is multiplied with the autonomous level of…

Q: Consider an economy that is characterized by the following equations: C= 400 + 0.5 Yd I = 700 -…

A: Given; C= 400 + 0.5 Yd I = 700 - 4000i + 0.1Y G= 200 T= 200 (M/P)d = 0.75Y - 7500i (MP)= 600

Q: Given the scatter diagram in Figure 8-1, what is the MPC (your best estimate)?   a.  1     b.  2/3…

A: MPC is marginal propensity to consume. It is percentage of income that is spent on consumption.

Q: THE EFFECT OF COVID 19 IN THE ECONOMY OF THE PHILIPPINES"

A: It is the broadest classification for an RNA virus. In most situations, determining whether your…

Q: if the value of MPC is 0.29 Find the value of MPS

A: Generally in the given question MPC is given as = 0.29 So the value of MPS is needed = ?