Which of the following WOULD be counted in GDP? Baking a cake for a family gathering Buying some clothes at a garage sale Paying a local kid cash to cut your grass Hiring a professional to clean your home

Q: In 2005, suppose a typical U.S. owner of a home theater (a television and a DVD player) bought 8…

A: Here we have:- Cobb-Douglas utility function=Uq1,q2=q10.2q20.8 Here Barbara spent spent $600 so, the…

Q: How did you arrive at the new unit productivity percentage of 17.75?

A: Introduction The productivity of a production system is similar to the efficiency of the production…

Q: If P1,000 becomes P6,343 after 13 years when invested, what is the nominal interest rate

A: Given  Present value P=1000 Future value F= 6343 number of years =13 We have to calculate the…

Q: Identify the following cash flows as a benefit, disbenefit, or cost? Cost of fish from a hatchery to…

A: Solution-1)  * Cost of fish from a hatchery to stock a lake at the state park = Cost It is a cost to…

Q: 3. Alice needs to buy 1 kg Mayonnaise. She finds there are two jar sizes of the same brand…

A: 350g jar Mayonnaise cost is $ 1.55 550g jar Mayonnaise cost is $ 2.44 Alice need 1 kg. So she can…

Q: discovery" is the process by which market prices move towards fundamental prices. For price…

A: Price discovery is the consequence of the connection among venders and purchasers, or as such, among…

Q: wo garden centres, Grass and Shrubs, sell a similar range of plant pots, plants and plant food. Both…

A: Each firm has two actions which are: Discount, No Discount. Hence we draw the Payoff matrix and then…

Q: The table below shows Actual-Dollar cash flows of a proposed project of yours. If the real…

A: The net balance of cash coming into and out of a firm at a certain moment in time is referred to as…

Q: The Federal Reserve determines that the equilibrium level of output is above full employment and the…

A: Federal reserve is the central bank who regulates the supply of money in the economy.

Q: For Questions 1.a. and 1.b., consider the simultaneous game described in the table below. Column…

A: Here, the given payoff matrix shows the outcome of row and column on different situations.

Q: Find a solution for πt, yt and r₺ as function of the disturbances and the pa- rameters of the model.…

A: The policy undertaken by the central bank of a nation to stabilize the economy is referred to as a…

Q: Question 18 If the nominal exchange rate in Australia appreciates, then: The real exchange rate in…

A: Here, it is given that the Australian currency appreciates in the international market.

Q: A consumer chooses an optimal consumption point where the marginal rate of substitution equals the…

A: Budget line shows different combinations of goods that a consumer can purchase with the given budget…

Q: The quantity theory of money has which of the following implications? When the money supply grows…

A: The money supply is the supply of money determined on the basis of credit money supply into an…

Q: norr mic ces, can a nation's comparative advantage change over time? What factors would make it…

A: If a country's opportunity cost is lower than that of other countries, it has a comparative…

Q: The Paunch Burger restaurant chain currently produces 250,000 units of output by using 2,400 units…

A: Answer -    MRTS (Marginal rate of technical substitution) :- The rate by which one factor need  to…

Q: A firm finds that its price elasticity of demand is 4.0. Currently, the firm is selling 2000 units…

A: An elastic demand is one in which the adjustment of quantity demanded because of an adjustment of…

Q: Suppose the current level of output is 5000, and the elasticity of output with respect to capital is…

A: Elasticity of output with respect to capital measures how output changes when capital changes.

Q: Supply of Money Suppose the monetary base is GHS 800 billion, the current reserve-deposit ratio is…

A: a cash multiplier is one of different firmly related proportions of business bank cash to national…

Q: A firm is alone in selling good XYZ in a market, where the following holds: • A: the firm produces…

A: Here, it is given that a firm is the single seller of good XYZ in the market.

Q: Identify the engineering economy symbols and their values. Use a question mark with the symbol whose…

A: Given  $18000 was deposited 15 years ago and then each year thereafter deposit = $2600 Rate of…

Q: YOB is a monopolist in beer production and distribution in the imaginary economy of Hopsville.…

A: The curve that depicts various quantities of goods and services being demanded at different price…

Q: In general, the pay level of medical doctors is higher than that of janitors. How can the difference…

A: Labor markets run on the supply and demand of labors. In economics,labor market plays an important…

Q: How to test Marx's theory of alienation today?

A: Workplace alienation was first defined by Marx and is still relevant today. People were driven into…

Q: Two different types of hydraulic equipment are being considered for a certain power plant.  Machine…

A: In the mentioned question we have to find out the present worth of the both machines and whose…

Q: 19. Between 2010 and 2015, the population in a town was growing exponentially. Census statistics…

A: Given that the population in 2015 = 448 Also given that the population doubles every year. The…

Q: The Clark-Fisher model explains the significant shift within the economy over time by emphasizing:…

A: The Clark Fisher Model demonstrates how the importance of various sectors varies across countries,…

Q: The price rises from $12 to $13, and Qs rise from 95 to 100 Column A Column B 1. % change in…

A: Price elasticity of supply refers to the percentage change in quantity supplied due to percentage…

Q: An investment of $20,000 in new equipment will generate income of $7000 per year for 3 years, at…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: 700 600+ 500 400 300 200- 100 N 3 Supply S

A: Producer surplus is the area below the price line and above the supply curve.

Q: Explain how the cost of a country’s tariffs is calculated as a percentage of gross domestic product…

A: GDP refers to the final value of goods and services that produced in a certain period of time in an…

Q: What type of unemployment is each of the following? A high school graduate looking for her first…

A: The measure that depicts people who are able and capable to work but unable to find suitable jobs is…

Q: If the production function of a firm is P = 60kl, where the price per unit of input k is $10 and I…

A: Production function of a firm : P = 60kl Price of per unit of k : r=$10 Price of per unit of l :…

Q: Suppose the price of good X falls and the consumption of good X increases. From this we can infer…

A: Here, it is given that when there is a decrease in the price of good X, it will lead to increase the…

Q: 8. Circle on the graph where real interest rates were negative. Chart I: Inflation Is the Biggest…

A: Inflation  is the rise in general price level over period of time. Irving fisher gave the equation…

Q: 3. Given the following Initials in a certain Project: Initial…

A: Initial Investment = 2,250,000 Annual Revenue = 900,000 Annual Operating Cost = 112,500 Salvage…

Q: "Z" earns price "Z" earns $3 million $1 million ("Z") "W" earns "W" earns $1 million $2 million Low…

A: In the oligopoly market, the firms have massively interdependent. Action of one firm decides the…

Q: Some people claim that degrees in liberal arts do not really train students for the job market.…

A: When talking about the degrees in liberal arts, it is given that these degrees do not add the…

Q: Which of the following industries had the highest unionization rate in 2011? O Construction…

A: Unions are the instructions that are created by the employees. Unions protect the interests of the…

Q: Building a competitive advantage based on superior benefit position is likely to be attractive when…

A: Competitive advantage refers to what makes a company's goods or services more appealing to consumers…

Q: During the Great War (World War One). European nations experienced deflation and increased taxation…

A: War is a situation in which each country fights with another country in order to win. War is the…

Q: On a supply and demand diagram, producer surplus is the area a. b. C. d. above the demand curve,…

A: When talking about producer surplus, it is the additional gain to the producer when he gets per unit…

Q: u(x,y)=x·y2(MUx =y2,MUy =2x·y) Prove that the consumer is indifferent between the consumption…

A: Disclaimer :- Since u asked Multipart questions we are supposed to solve the first 3 parts as per…

Q: The Australian government wants to create a new income tax that collects 10% for all incomes between…

A: Average tax rate is the share of income that a tax payer pay in taxes. The marginal tax rate is the…

Q: Explain how the cost of a country’s tariffs is calculated as a percentage of gross domestic product…

A: Tariff refers to the tax that is imposed by the government of a nation on the imported goods and…

Q: ow will the following events affect exports of a country, ceteris paribus? increase decrease no…

A: Export is crucial component of aggregate demand. Rise in the export leads to rise in foreign…

Q: A9. If the Canadian dollar loses value, and it costs Canadian supermarkets more to import bananas…

A: Here, it is given that Canadian dollar losses its value, the cost of imports increases.

Q: An investment of $20,000 in new equipment will generate income of $7000 per year for 3 years, at…

A: Dear Student as you have posted multiple question but according to the policies and guidelines of…

Q: A country engages in open international trade with other countries for goods and services and relies…

A: Currency Depreciation: It refers to a situation in an economy that leads to a reduction in the…

Q: Identify FOUR (4) characteristics of the foreign exchange market that makes it unique from other…

A: A foreign exchange market is a market where currencies are bought and sold.