The current account represents the difference between gross national disposable income and: a. domestic investment spending. b. GNE. c. GDP. d. GNP.
Q: Table 2 Below is some hypothetical data on the labor market. Quantity Quantity Wage demanded supplie...
A: Minimum wage is an example of price floor where government sets a minimum price that must be paid.
Q: Explain the hedonistic wage function in short with a diagram
A:
Q: Explain why a monopolist produces a lower level of output than a competitive industry.
A: Monopoly refers to the market structure which consists of only a single seller of the product who do...
Q: Kelra's equivalent present water consumption in small laundry business is estimated to be P15,000. A...
A: The consumption function shows the positive relationship between disposable income and consumption. ...
Q: "In terms of condiments and spices locals normally consume chive and celery together. For root crops...
A: Other things, except for own price, affect the quantity of demand, is called non-determinants of dem...
Q: about the wage in order for a given worker to be a participant? Give the mathematical condition whic...
A: *Answer: Reservation wages refers to that wage level below which the labor chooses not to work . ...
Q: Can government spending that causes crowding out be detrimental to long-run economic growth? Explain...
A: Economic growth refers to an growth in an economic system's overall output. An increase in the produ...
Q: What can lead to a x-inefficiency for a regulatory agency?
A: According to conventional economic theory, the management of companies acts to maximise profits by d...
Q: With the aid of a diagram, explain the effect of a new technological mobile weather station on the J...
A: PPF refers to the graphical representation of two goods that can be produced with the given resource...
Q: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that w...
A:
Q: Which of the following is an example of fiscal policy? a. Fighting the war on terror b. Giving peopl...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: 8. The anticipated cash dividends for Delta Electronics over the next four years are as follows: 202...
A: A share is a proportion of ownership in a corporation or a financial asset in basic words.Shareholde...
Q: Assignment 6 Chapter 9. 1. Assignment 6 Base Week-Week 1 Week Good Quantity 3. 4. Cereal 1. $2.50 $2...
A: Since you have provided multiple questions, we will solve the first one for you. If you want any spe...
Q: Quantity of Labor (workers) Total Product (units per hour) 0 123 4 5 6 0 259 151817 The table above ...
A: Change in total product per unit change in the quantity of labor employed is the marginal product of...
Q: Question 3 Briefly explain why economists prefer to levy taxes on goods that generate negative exter...
A: Concept: A negative externality refers to when the production has an adverse effect on society. This...
Q: When marginal cost equals average toal cost, average total cost, (Click for List) rising at a minimu...
A: Marginal cost is change in total cost divided by change in output. Average cost is the cost per unit...
Q: The following table contains information for a price taking competitive firm. Complete the table to ...
A: These are the important formulas to complete the table TC = TVC + TFC At Q = 0, TC = TFC AC = TC/Q M...
Q: PERFORMANCE TASK NO. 1 Defining PESTLE You have learned how different environmental factors can affe...
A: A PESTLE analysis is a technique for getting a broad picture of an industry's environment.
Q: What is true about the relationships between unemployment, GDP and inflation? Okun's law states that...
A: GDP is the value of final goods and services produced in the economy within a given period of time.
Q: Question 1 a. Draw the marginal cost and average total cost curves for a typical firm. Explain why...
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost th...
Q: Matt gets tired of doing an Econ PhD and decides he'd rather go start a small rutabaga farm instead,...
A: Lease cost per year = $50000 Number of plants grow = 5000 Cost to grow one plant = $2 Selling price ...
Q: Any two goods in the health market
A: The healthcare market is a multidisciplinary practise area in public health.This novel method incorp...
Q: Your company sells Beyonce concert DVDS. Total fixed costs for your operation are $10,000 a year. Th...
A: Shut down When a corporation chooses to shut down, it means that production will be put on hold for ...
Q: Apply the cross elasticity of demand formula to explain why a decrease in the price for eddoes from ...
A: Answer iii. The cross elasticity of demand is an economic concept that assesses how responsive a qua...
Q: What is the present value or price of a $150 annual perpetuity if the returns on similar contracts a...
A: Given; Value of annual perpetuity= $150 Discount rate= 7% Formula to calculate present value:- ...
Q: Table 1. The table below applies to an economy with only two goods - hamburgers and hot dogs. The fi...
A: Consumer price index(CPI): - it is a measure of change in the price level, it measures the change in...
Q: Based upon Dubai’s resources, capabilities, and competencies pursuits, what seems to be their trade ...
A: The UAE's essential resources are oil and flammable gas. In excess of 90% of these assets are found ...
Q: A firm's cost functions are: TC = 190 + 9Q +0.2Q² MC = 9 + 0.4Q At what price would they break even?
A: The firm is set to break even if it has no profit and no loss. The firm earns normal profit which im...
Q: Total product (meals per hour) 24 20 .... TP 16 12 8 4.
A: TP -> total production MP -> marginal product AP -> Average product -----------------------...
Q: A country's economy is described with the following parameters: Y=9000, G=1500, T=500, C=300+(1/2)(Y...
A:
Q: 16. A movie producer is bringing out a new movie, In order to map out his advertising, he wants to d...
A:
Q: What would make industries winners or losers in a country like Duba
A: A developed country is a country that uses high technologies; people have a high standard of living ...
Q: What is the relevance of productive and allocative efficiency to the growth process?
A: Economic efficiency refers to the state in which all the resources are optimally allocated to serve ...
Q: Consider Live Happley Fields, a small player in the strawberry business whose production has no indi...
A: Production Schedule:
Q: . Analyze ways in which the workplace, occupations, the nature of work, and working conditions in Ca...
A: The global economy refers to the global economic system, which includes all economic activities that...
Q: Explain the difference between equity and efficiency
A: PLEASE FIND THE ANSWER BELOW.
Q: The following graph depicts the daily labour supply curve for Jake, a worker in the construction ind...
A: Labour supply curve shows a positive relationship between wage rates and labour hours. It shows at a...
Q: 1. True of False: if false, please explain why a. A firm with a small labor force typically exhibit...
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: What is the future value of $2000 per year for 5 years invested at 10%? * O a. $3,221. O b. $12,210....
A: Using an expected growth rate, future value (FV) projects the worth of a current asset into the futu...
Q: In your own words, briefly describe the scenario Plato depicts in his allegory. Consider the followi...
A: 1 Plato has used over the allegory and it is a way that one can discuss in the deceptive appearances...
Q: As capitalist systems mature,a. the economy is increasingly dominated by small businesses.b. the wil...
A: A capitalist makes the greatest money by making the most effective use of capital assets while creat...
Q: The city govermment is considering two tax proposals: • A lump-sum tax of $300 on each producer of h...
A: When the tax is imposed, Price for a good increase so quantity traded in the economy decreases.
Q: 1. Economies of Scale Consider the following table of long-run total costs for three different firms...
A: PLEASE FIND THE ANSWER BELOW.
Q: For the following cost function TC = a + bQ – cQ2 + dQ3, determine the equations for TFC, TVC, AFC, ...
A: Given: The cost function is: TC = a + bQ − cQ2 + dQ3 To Find: The equations for TFC, TVC, AFC, AVC,...
Q: Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She...
A: We have given that the cash flow is geometric gradient series cash flow where g =6% of g=0.06 First...
Q: The maintenance of a room air conditioner is expected to be P 200,000 at the end of the first year a...
A: This question is from engineering economics.
Q: Why did Friedman and the Monetarists believe that monetary misuse accompanied every severe recession...
A: Inflation means the rise in the price level of goods and services in an economy. It means as the inf...
Q: At the profit-maximizing level of output, marginal profit is also maximized O is zero is positive is...
A: Any will firm maximize profit where: Marginal Revenue = Marginal Cost Marginal Profit = MR - MC
Q: Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table i...
A: fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dep...
Q: We have learned the definition of monopoly as a market with one seller. Let's take some time to unde...
A: The market is a location where the transaction of services and commodities takes place. It is import...
2
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is GNP? GNP is the market value of all the final goods and services _____. A. produced within a country minus depreciation B. produced within a country C. produced anywhere in the world by the factors of production supplied by the residents of that country D. produced anywhere in the world by the factors of production supplied by the residents of that country minus exportsWhich of the following is a problem with using real gross domestic product (GDP) as a measure of economic well-being? A. It does not account for inflation B. It does not account for production by foreign firms producing inside the domestic economy C. It does not account for the value of services produced in the economy D. It does not account for changes in purchasing power parity. E. It does not account for production within the householdTo arrive at the National income using the value added method, what has to be added to the net output? a. investments from the private sector b. Imports c. government spending and taxes d. net foreign factor income from abroad
- Calculate the following using information from the table below: i. GDP at Market Price ii. GNI at market price iii. Net National Income iv. National Disposable Income Purchase of mask by households Clothing Purchase of food to be used by households Investment in housing Change in inventory Building of new public hospital Import Export Tax Subsidies Salaries to workers abroad Compensation from workers abroad Depreciation Net Current transfer 12,000 45,500 20,000 100,000 10,000 2,000,000 5,000 75,000 4,000 1,000 7,500 3,500 300 1,500Jamaica's Gross National Product would be increased by: a. Outflows of net property income b. Imports of goods and services c. Profits earned in a Jamaican-owned factory in another country overseas d. Taxes on domestic expenditureIn recent decades, women have worked more hours in paid jobs and fewer hours in unpaid housework. a. How would this increase in work hours affect GDP? b. Explain why this increase in measured GDP will overstate the true increase in output. Also explain how a set of augmented national accounts which includes home production would treat this change from nonmarket work to market work. c. Explain the paradox, “When a person marries his or her gardener, GDP goes down.”
- The Czech Republic has a GDP of 1,800 billionkoruny. The exchange rate is 25 koruny/U.S. dollar. TheCzech population is 20 million. What is the GDP percapita of the Czech Republic expressed in U.S. dollars?As an economist with the World Bank you have been asked to measure the Gross Domestic Product for the US for 2019. You are told that the private consumption, gross domestic investment, government purchases and exports all add up to $ 24 trillion. You later learn that imports to the US in 2019 were $4 trillion. To get GDP, you should A. Ignore the $ 4 trillion because exports have already been included in the $ 24 trillion B. Add $ 4 trillion to $24 trillion because imports are used as inputs in the production of other goods in the US C. None of the above D. Subtract $4 trillion from $24 trillion because imports are not part of US domestic outputReal GDP measures the A. total dollar value of all goods and services produced within the borders of a country using current. value of final goods and services produced within the borders of a country, corrected for price changes. total dollar value of all goods and services consumed within the borders of a country, adjusted for price changes. value of all goods and services produced in this country and the rest of world by citizens of this country, using current prices.
- How will an increase in the amount of scholarships and pensions given by the government affect the level of GDP? a. Increase in the level of unemployment b. Increases the level of gross domestic capital formation c. No effect d. Increase in net exportsThe balancing item in the PRODUCTION ACCOUNT is: a. Value Added/ GDP b. Mixed Income c. Intermediate Consumption d. Gross National Income31. نه په ل و لم تم a. b. C. d. 32. a. b. C. d. e. PPPFP a. 33. How is your purchase of a $40,000 BMW automobile that was produced entirely in Germany recorded in the US GDP accounts? b. C. d. e. 34. a. If US GDP exceeds US GNP, then intermediate production exceeds final production. d. e. foreigners are producing more in the US than Americans are producing in foreign countries. real GNP exceeds nominal GNP. real GDP exceeds nominal GDP. Americans are producing more in foreign countries than foreigners are producing in the US. US GDP would exclude which of the following? Lawyer services purchased by a home buyer. The purchase of a new Nissan produced in Japan A new art gallery purchased by the city of New York. Lawn care services purchased by a homeowner. None of the above. Consumption increases by $40,000 and net exports decreases by $40,000. Net exports increase by $40,000. There is no impact because this transaction does not involve domestic production. Investment increases by $,000…
