Q: it important in macro-eco
A: The circular flow model demonstrates of how the money moves through the society.
Q: According to the article, When Reality Bites, which demographic is most affected by economic…
A: Young generation is worst affected by economic downturn such as recessions. There are not enough…
Q: Explain in detail what are Computable General Equilibria Models?
A: Computable General Equilibria (CGE) models are large economic models that are used to estimate the…
Q: Mexico and Brazil have very different trading patterns. While Mexico trades mainly with the United…
A: The gravity model of trade has been useful in identifying the trading patterns of the various…
Q: The financial sector of a country is very small. Local banks refuse many clients because they do not…
A: GDP stands for gross domestic product. This metric is used to measure the overall development of the…
Q: What is the importance of the circular-flow diagram?
A: Answer to the question is as follows:
Q: What do you understand by an economic cycle?
A: An economic cycle is nothing but the fluctuations in the economy.
Q: The Consumer Price Index is subject to the substitution bias and the quality/new goods bias. Are the…
A: Despite being the most accurate, commonly used measure of inflation, CPI has some limitations. It…
Q: Why must we connect earning power and purchasing power to the concept of time?
A: Purchasing power is the quantity of good and services that can be purchased with a unit of currency…
Q: what are the causes of economic fluctuati
A: Answer -
Q: To celebrate a big achievement of mine, I invited friends to my house for a party. Now, I am…
A: Given: Price of the bottle = $2 Price(P) and Quantity (Q) are: P1 = 1, P2 = 5 Q1 = 100, Q2 =200…
Q: ch the economy with its definition
A: Mixed Economy - It is the economy in which the decisions related to the economy (mainly consumption…
Q: Inflation rate should be less than 4% in Bangladesh.State whether this iss a positive or normative…
A: Positive and normative analysis are two fundamental roles that economics play. Broadly speaking,…
Q: asks the question "Consumer Lifetime Value (CLV) does it affect the value we put on consumption ?"
A: Customer lifetime value (CLV) is the sum of a customer's value to a company over the course of their…
Q: Discuss the importance of studying Macroeconomics?
A: The macro economics considers the dynamic of the whole economic such as national output, inflation,…
Q: what is the significance macroeconomic data ? why is it important
A: Macroeconomic data includes economic flow, full employment level of output, savings, income,…
Q: Does the economic cycle have a specific time of months or years
A: Economic Cycle is also known as Business Cycle or Trade Cycle. There are 4 stages in an economic…
Q: Examine the relationship between the two countries base on the graph and table provided.
A: Unemployment refers to individuals who are employable and seeking a job but are unable to find one.…
Q: A point where most economic indicators are at their high point. 1-depression 2- expansion 3- peak…
A: When talking about phases of business cycle, these phases are explained by the movement of economic…
Q: What is macro-economics and is it important in the economy of a country?
A: Macro economics is the study of economy as a whole. It takes into consideration the entire economy…
Q: Are the four phases of the business cycle in a certain order?
A: The business cycles are the various fluctuations of output that result in fluctuations in…
Q: What are some drivers for companies to engage in the circular economy?
A: There are some drivers for companies to engage in the circular economy:- when companies start…
Q: Describe the four major sectors in an economy according to the macroeconomic point of view?
A: Adding to the given question An economy is basically classified into the following four sectors…
Q: What is the process used to evaluate the net economic change brought about by an event?
A: When talking about evaluation of net economic changes in the given situation due to the occurrence…
Q: f Actual (real) GDP is greater (more than) than po
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Define Economic events.
A: Economic events are those that can be measured in monetary terms.
Q: Write down an equation of motion which takes into consideration technological advancement and what…
A: Equation of motion refers to rate of change in capital stock.
Q: In the circular flow model, how does government affect the economy? What about the rest of the…
A: The circular flow model depicts how money circulates in society. Money moves from producers to…
Q: The following are macroeconomic goals except a. Preventing huge unemployment of the country's labor…
A: Macroeconomic goals include increasing GDP and growth, decreasing unemployment, keeping inflation…
Q: Business Cycles What unticipated Changes lead to economic booms? What unticipated Changes lead to…
A: Due to typo error in the question (unticipated), answer does not specifically mentioned about…
Q: GDP is very widely used throughout the world as a measure of Economic health. Give an example,…
A: The GDP is the summation of the monetary value of all the goods and services produced within the…
Q: How can the economic cycle be interpreted?
A: The economic cycle is the fluctuations of the economy between periods of expansion (growth) and…
Q: Which of the following is most likely a topic of discussion in microeconomics? a)an increase in the…
A: Economics is the study of how scarce resources are utilized by individuals, societies, and nations…
Q: What is the distinction between total value and unit value according to Mises?
A: The Mises is an institute that is described as a leading supporter of the world of the ideas of…
Q: Which of the following questions would a positive economist study? a. Is oil a necessary resource?…
A: The term positive economics refers to the objective analysis in the study of economics. Most…
Q: quantity produced and a and b are positive constants. Give a rough sketch of the funcu
A: The total cost function (TC) can be defined as a function that determines how much total cost a firm…
Q: Define the basic terms in economics based on the pictures.
A: The photographs in the question is related to basic economic terms, which are as under.
Q: ds and services they
A: An economy is a large set of inter-related activities of production and consumption which aid in…
Q: Compare and contrast the following activities before Pandemic COVID 19 & after COVID 19 by…
A: answer a. COVID 19 pandemic appears as a sudden jerk on most of the economic variables. Due to the…
Q: Discuss the indicators of economic analysis.
A: An economic indicator is a measure that is used to determine, quantify, and analyze the…
Q: Describe and use at least five pieces of real economic data to explain the current state of the U.S.…
A: Present status of the U.S economy in second from last quarter Real gross domestic product (GDP)…
Q: With the aid of the diagram, describe the four major sectors in an economy according to the…
A: The large set of activities of consumption and production being interrelated that tend to determine…
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- The following data relate the sales figures of restaurant, to the number of customers registered that week: Week Customers Sales (SR) First 16 330 Second 12 270 Third 18 380 Fourth 14 300 a) Perform a linear regression that relates bar sales to guests (not to time). b) If the forecast is for 20 guests next week, what are the sales expected to be?How to run a linear regression analysis on excel based on the following data: Fatalities Ln Safety Belt Rate 1071 3.951243719 1138 4.058717385 996 4.257030144 991 4.374498368 1038 4.365643155 1004 4.348986781 1154 4.382026635 1148 4.404277244 1207 4.417635062 1110 4.410371108 969 4.455509411 848 4.49980967 862 4.515245478 895 4.477336814 865 4.494238625 853 4.577798989 820 4.561218298 850 4.535820108 1083 4.521788577 948 4.531523646 953 4.519612298 856 4.525044142Water is being poured into a large, cone-shaped cistern. The volume of water, measured in cm³, is reported at different time intervals, measured in seconds. A regression analysis was completed and is displayed in the computer output. Regression Analysis: cuberoot (Volume) versus Time Predictor Coef SE Coef Constant -0.006 0.00017 -35.294 0.000 Time 0.640 0.000018 35512.6 0.000 s=0.030 R-Sq=1.000 R-sq (adj)=1.000 What is the equation of the least-squares regression line? Volume = 0.640 - 0.006(Time) Volume = 0.640 - 0.006(Time) Volume = -0.006 + 0.640(Time) Volume = - 0.006 + 0.640(Time?)
- As an auto insurance risk analyst, it is your job to research risk profiles for various types of drivers. One common area of concern for auto insurance companies is the risk involved when offering policies to younger, less experienced drivers. The U.S. Department of Transportation recently conducted a study in which it analyzed the relationship between 1) the number of fatal accidents per 1000 licenses, and 2) the percentage of licensed drivers under the age of 21 in a sample of 42 cities. Your first step in the analysis is to construct a scatterplot of the data. FIGURE. SCATTERPLOT FOR U.S. DEPARTMENT OF TRANSPORATION PROBLEM U.S. Department of Transportation The Relationship Between Fatal Accident Frequency and Driver Age 4.5 3.5 3 2.5 1.5 1 0.5 6. 10 12 14 16 18 Percentage of drivers under age 21 Upon visual inspection, you determine that the variables do have a linear relationship. After a linear pattern has been established visually, you now proceed with performing linear…How do you interpret the R-squared obtained from running this regression?A scatter plot shows data for the cost of a vintage car from a dealership (y in dollars) in the year a years since 1990. The least squares regression line is given by y-25,000 + 500z. Interpret the y intercept of the least squares regression line. Select the correct answer below O The predicted cost of a vintage car from a dealership in the year is 820.000 O The predicted cost of a vintage car from a dealershpin the year 1090 is 85,000. O The predicted cost of a vintage car from a dealershp in the year 1990 is sse. The yintercept should not be interpreted.
- Find the regression equation, letting the first variable be the predictor (x) variable. Using the listed actress/actor ages in various years, find the best predicted age of the Best Actor winner given that the age of the Best Actress winner that year is 43 years. Is the result within 5 years of the actual Best Actor winner, whose age was 45 years? Best Actress 27 30 30 61 30 32 46 28 61 22 43 56 D Best Actor 42 39 38 45 51 49 59 51 38 57 45 34 Find the equation of the regression line. y = + (Round the constant to one decimal place as needed. Round the coefficient to three decimal places as needed.) The best predicted age of the Best Actor winner given that the age of the Best Actress winner that year is 43 years is years old. (Round to the nearest whole number as needed.) Is the result within 5 years of the actual Best Actor winner, whose age was 45 years? the predicted age is the actual winner's age.Numerical Answer Only Type Question Enter the numerical value only for the correct answer in the blank box. If a decimal point appears, round it to two decimal places. Assume that the number of visits by a particular customer to a mall located in downtown Toronto is related to the distance from the customer's home. The following regression analysis shows the relationship between the number of times a customer visits(Y)per month and the distance(X, measured in km) from the customer's home to the mall. \[ Y=15-0.5 X \] A customer who lives30 kmaway from the mall will visi______ who lives10 km away. less times than a customerInterpret the coefficients in the regression model
- How should I interpret the coefficients on a regression with a naural log of a dependent variable? Ex: Ln(wage)=B1+B2Experience+B3Male...+UiYou are interested in how the number of hours a high school student has to work in an outside job has on their GPA. In your regression you want to control for high school standing and so you run the following regression: GPA = 3.4 0.03 * HrsWrk - 0.7 * Frosh - 0.3 * Soph +0.1 * Junior (1.1) (0.013) (0.23) (0.14) (0.08) where HrsWrk is the number of hours the student works per week, and Frosh, Soph, and Junior are dummy variables for the student's class standing. a) If you include a dummy variable for seniors, that would cause a Hint: type one word in each blank. For the rest of questions, type a number in one decimal place. b) The expected GPA of a Sophomore who works 10 hours per week is c) The expected GPA of a Senior who works 10 hours per week is d) If Dom and Sarah work the same number of hours per week, but Dom is a Junior and Sarah is a Freshman. Dom is expected to have a higher GPA than Sarah. e) Suppose you rewrite the regression as: problem. GPA = ₁HrsWrk + ß2Frosh + B2Soph +…if we got the the following regression result Yi= -2.5-10 (Xi) when the number of observation =100. then as Xi increase, Yi will and when Xi increases by 10, Yi will........ by.........*