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d) Compute the GDP deflator in 2018.
e) Compute the GDP deflator in 2019.
f) What caused the increase in GDP from 2018 to 2019?
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- Table 22.4 shows the fruit prices that the typing college student purchased from 2001 to 2004. What is the amount spent each year on the basket of fruit with the quantities shown in column 2?The Consumer Price Index is subject to the substitution bias and me quality/new goods bias. Are the Producer Price index and the GDP deflator also subject to these biases? Why or why not?Eng. Economy 1.Find the actual number of days from April 5, 2021 to December 5, 2021. 2.Find the approximate days between April 5, 2021 to December 5, 2021. 3.Find the ordinary interest for actual time for a $ 25,000 loan at 3 % interest. ( Use the number of days previously solve). 4.Find the ordinary interest for approximate time for a $ 25,000 loan at 3 % interest. ( Use the number of days previously solve). 5.Find the exact interest for actual time for a $ 25,000 loan at 3 % interest. ( Use the number of days previously solve). 6.Find the exact interest for approximate time for a $ 25,000 loan at 3 % interest. ( Use the number of days previously solve).
- Optimizing economic agents use the real interest rate when thinking about the economic costs and returns of a loan. Suppose the average rate paid by banks on savings accounts is 0.75% at a time when inflation is around 1.65%. For the average saver, the real rate of interest on his or her savings is .......???%. (Round your response to two decimal places and use a minus sign if necessary.) If banks expect that the rate of inflation in the coming year will be 4.65% and they want a real return of 7.5% on a certain category of loans, then the nominal rate they should charge borrowers on those loans is .......???%. (Round your response to two decimal places.) If the economy experiences an unexpectedly low rate of inflation, the group that would tend to benefit is ___________. A. debtors (people or businesses who owe money). B. creditors (people or institutions that are owed money). C. both would benefit equally. D. neither benefits.nts rials 3 Question 8 The value of production in an economy is $25.13 trillion. If production increases by 1.15% then what is the new value of production? Round to two decimal places and do not enter a dollar sign. Leave the answer in trillions as in the new value of production is $. trillion.Interpret the table for each year.
- Macro chapter 4 question 4 newDoes M&S have a future?13 The country’s most famous retailer Marks & Spencer’s big store in London’s Kensington High Street has just had a re-fit. Instead of the usual drab M&S interior, it is now Californian shopping mall meets modernist chrome and creamy marble floors. Roomy walkways and designer displays have replaced dreary row after row of clothes racks. By the end of the year M&S will have 26 such stores around Britain – the first visible sign that the company is making a serious effort to pull out of the nose-dive it has been in for the past two years. Things have become so bad that M&S, until recently a national icon, is in danger of becoming a national joke. It does not help that its advertisements featuring plump naked women on mountains – the first-ever TV ads the company has produced – have met with an embarrassed titter; nor that, last week, the BBC’s Watchdog programme savaged M&S for overcharging and poor quality in its range of garments for the…What would be the value of consumption if savings is $1300 and the value of Income is $2200
- base on the table given explain the event at quarter 4 2019 to quarter 4 2020.Isn't the market basket suppose to be base year units x current price? I can see we ended up with the same answer for 2011 but its beacuase its the base year. But the other years I'm confused. For example, for the year 2013, wouldn't it be 90 textbooks x $65 = $5850 75 hamburgers x $2.25 = $168.75 50 shirts x $25 = $1250 100 cotton x $0.70 = $70 with a market basket value for 2012 being 7338.75? I've uploaded a screenshot of our notes unless the tutor is wrong cause we all make mistakes. We are humans after all.To celebrate a big achievement of mine, I invited friends to my house for a party. Now, I am thinking how many bottles of beer I need to order. Each bottle of beer costs me $2. If there is any leftover beer, I will drink it at later times. In this case, each bottle of the beer is worth $1 to me. When my friends come to the party, enjoy the party and drink the beer, I feel happy, too, and it gives me joy that is worth $5. If any of my friends cannot drink enough because of the supply shortage, I feel sad, and it is worth 0.5 dollar cost per bottle. The quantity of beer needed at the party follows a uniform distribution between 100 and 200 bottles. (You may assume the demand is a continuous uniform distribution.) Determine how many bottles of beer I need to buy to minimize my expected cost (or maximize my profit or happiness).
