Adam lives in California and, after graduating college, opened up an ice cream business on the Venice Beach boardwalk. Which items are not counted in GDP?

Q: On October 31, 2019, Strongman Samson borrowed P100,000.00 from Pretty Delilah subject to an…

A: Given information: Loan amount or present value or principle value (P)= 100,000 The date when the…

Q: K Suppose you are given the following information about a country: What is the total unemployment…

A: Unemployment rate is the number of unemployed who are willing to work and are actively looking for a…

Q: PRICE O C P₁ Od 0," P₂ P₁ Ob P3. P2. A P4 B D F LL G d Refer to Figure 7-9. The equilibrium price is…

A: In a market, when talking about the equilibrium condition, it can be said that it is the situation…

Q: Required information Assume that 25 years ago your dad invested $380,000, plus $31,000 in years 2…

A: Given that, Interest rate = 11% Investments period of different duration = 25 years Investment…

Q: A consumer earns a wage of 20 dollars per hour and has an unearned income of $100 per day. What…

A: wage rate = $20 per hour unearned income = 100

Q: In the following diagram, the deadweight loss is given by the area.. Picture Pw+t Pw 0 Ob+d O a…

A: Deadweight loss due to tariff = Total surplus without tariff - total surplus with tariff. It is…

Q: 1. Each of two players simultaneously announces either Rock, Paper, or Scissors. Paper beats Rock,…

A: Rock-Paper-Scissors game is a kind of simultaneous game. Simultaneous game is also known as static…

Q: Three stocks have share prices of $20, $10, and $30 with total market values of $400 million, $350…

A: Price weighted index is the average of prices of stocks. The price of stock has strong influence on…

Q: The following terms can be used to describe unemployment caused by people quitting their jobs…

A: That segment of the labor force that is able to work, is seeking employment, but is unable to find…

Q: A fixed capital investment of 12,000,000 pesos is required for a production plant and an estimated…

A: The net gain or loss of an investment over a given time period, expressed as a percentage of the…

Q: which of the following situations does not demonstrate an attempt at financial engineering? 1.…

A: Financial engineering applies the methods of engineering, mathematical techniques and the tools of…

Q: QUESTION 13 Which statement best describes the increases of real consumption of goods and services?…

A: Real consumption can be explained and defined as nothing more and nothing less   Solution: option-d…

Q: You borrow $50,000 today at a rate of 5%. Today, inflation instantly rises to 7% and stays that way…

A: The inflation and nominal interest rate are considered while lending out the money. The Change in…

Q: What are the proposal's potential positive and negative externalities?

A: A cost or benefit incurred or received by a producer that is not incurred or received financially by…

Q: Suppose, the current year is the base year for the price index calculation, and a. Calculate the…

A: The inflation rate refers to the increase in the prices of a bunch of different goods and services…

Q: If nominal retail sales increase then Select one: a. real retail sales must also have increased.…

A: Meaning of Retail Sales: Here, the term retail sales are all about selling various commodities…

Q: It takes one hour to travel from Manila to Laoag by air, but it takes 10 hours by bus. Airfare costs…

A: Opportunity cost is the cost in terms of other goods for eg: here time. We can go either by bus or…

Q: The diagram to the right shows a market in which a price floor has been imposed. Identify the…

A: Price floor refers to the legal minimum price of the good that can be charged. A binding price…

Q: 2. Suppose a new miracle pill is discovered that increases both the marginal health effects of…

A: Since you have asked us only to answer parts C and D, we will be answering all the parts since we…

Q: #3. Fiscal policy can affect the rental cost of capital. true or false.?

A: Fiscal policy is the use of government spending and taxation by the government to influence the…

Q: Ramoncito deposited P15,000.00 today and he deposited the same equal amount each month for the next…

A: Deposit 15,000 today and deposit the same amount each month for the next 9 months Interest is 7%…

Q: The graph below shows the market for labor (coal miners). New coal-mining equipment is invented that…

A: Labor and capital are two factors of production that can be used in producing the goods and…

Q: 3. Don Magellan borrowed today from Ginoong Magellan P300,000.00 and agreed to repay the loan with 4…

A: Amortization Schedule Month Balance interest payment Total payment First $300,000 $12,181.20…

Q: According to W. Gillepse, "A minimum of expenses is of course, highly desirable; but the road which…

A: According to W. Gillepse, the cheapest route is not always the one that has cost the least amount of…

Q: Which of the following is NOT included in 2013's GDP?   Group of answer choices the commission…

A: 2013's GDP is the sum of the monetary value of all final goods and services produced in an economy…

Q: The slope is constant at all points on a straight line in a graph. A. True B. False Next question…

A: 1. Slope of a line is describes the steepness of a line using the changes in x and y directions.…

Q: C. Dan likes to consume x and y in "fixed proportions": twice as much of x as of y. That is, his…

A: Consumer consumes x & y in the fixed proportion. He consumes twice as much of x as of y

Q: A consumer of two goods has indirect utility v(p, w) = 1/2 P₁ -1/2* + P₂ (a) Find the indirect…

A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…

Q: Again, please work with the following data set. It describes production of the only three goods made…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: R4

A: The monetary and fiscal policies are used by the governments to achieve certain economic goals. The…

Q: Suppose a farmer along Lake Lansing uses insecticides. The insecticide runs off into Lake Lansing…

A: Given ,  Profits of Farmer increase by 200 for each ton ,  So total profit for 6 unit of fertilizers…

Q: 3. Using a graph, explain how the Marginal Efficiency of Capital curve for health would change if…

A: Marginal efficiency of capital: Marginal efficiency of capital (MEC) is the discount rate that…

Q: Use the table to answer the question. Number of Workers a 1 O b Oc Od 2 3 Output 40,000 48,000…

A: Marginal product of labor refer to increase an output of firm due to an additional unit of input or…

Q: Explain how such innovations as the Internet have affected the prevalence of information…

A: Note:- As per Bartleby guidelines,  I have done only three questions at a time. Please repost rest…

Q: Question 07 The figure below shows the supply and demand of two related markets: college degrees and…

A: Here, when analyzing given graphs, it can be said that the first graph indicates market for College…

Q: question 7 Using the Solow model, if, in time, t=0, the initial capital stock is 100, investment is…

A: We know that The solow-Swan model is a long-ran economic growth economic model It tries to explain…

Q: Goal 10: Reduced Inequalities. Income inequality is on the rise the richest 10 percent have up to 40…

A: We are aware of the significant difficulties we confront in the modern world, including the pressing…

Q: The federal government (1) encouraged the development of the savings and loanindustry, (2) virtually…

A: The federal government has power of delegating the power to the elected members of the states.  i).…

Q: How would the Autonomous Vehicles technologies affect workers (e.g., productivity, employment…

A: For economists, technology is everything that makes production of goods faster, better, or less…

Q: If the labor force increased to 180 million and the working-age population increased to 300 million…

A: Meaning of Labor Economics: Here, the term labor economics describes "how efficient the manner of…

Q: Explain how the “Positive (Analytical) Economics" apply to Settlers of Catan. Note: this could be…

A: Positive economics is the study of how the economy works and how people make decisions. It is based…

Q: Garber Furniture manufactures beds selling for $529 each. Variable costs per unit are $187 for…

A: The break even situation is reached where the Total Revenue and Total cost are equal. or TR -TC = 0

Q: How is GDP affected by the nominal and effective interest rate

A: GDP refers to the total monetary value or market value of all the finished Products and services…

Q: Consider an economy with the Cobb-Douglas production function: Y = 3K0.2L0.8 K = 140000; L=8000…

A: In the study of economics, production functions represents the relationship between the quantity of…

Q: 8. The factor-price equalization theory and transportation costs Which of the following statements…

A: Costs associated with transportation hinder international trade by limiting the transferability of…

Q: Emily wants to save part of her salary for a new car in a savings account that earns 8% annual…

A: Formula for the future value:  F = P(1+R)^t Where; F: Future value P : Present value R : PA rate of…

Q: 2.5 The only variable input a janitorial service firm uses to clean offices is workers who are paid…

A: The cost that varies per unit of output is known as a variable cost, as the name suggests. The…

Q: How much do you have to deposit now(with a second deposit in the amount of $600 at the end of the…

A: Cash flow schedule is given as Year   0 x 1 -600 2 250 3 250 4 250 5 500 6 500…

Q: 4. For each of the two-variable-factor production functions listed below, deduce the sign and…

A: TPP is actually Total Physical Product. Now TPP is actually showing the combination of total…

Q: For each of the following utility functions, find the Marshallian demand function, the indirect…

A: The factors of spending and commodity price are used to generate the indirect utility function from…