nformation: a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a trend). b) Explain what is the predicted GDP value for Q4, 2021?
Q: What are the determinants of exchange rates? Do interstate rate differentials have an impact on…
A: Macroeconomics refers to the branch of economics that deals with the with performance, structure,…
Q: Q1. Assume that a country produces two goods, agriculture (which requires land and labor) and…
A: Heckscher-Ohlin theory in international trade is a model that explains how a country with an…
Q: Suppose that there are two countries (A and B) and two goods (a labor-intensive good X, textile, and…
A: There are two countries (A and B) and two goods A labor-intensive good X, textile, and a…
Q: Question Compare the functions of the Federal Reserve district banks with those for the Board of…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: You have a big exam tomorrow. You were planning to study tonight, but your friend has tickets to a…
A: Given that the person would be willing to accept a B on the exam in order to go to the concert.…
Q: An advertising campaign will cost $305,000 for planning and $50,000 in each of the next six years.…
A: For an investment to be economically desirable the Internal rate of return of the cash flows should…
Q: A consumer has preferences for two goods that are represented by the utility function u(x1, x2)
A: Utility function : U = 2(x1)0.5 + x20.5 Price of good 1 : P1 , Price of good 2 : P2 Monotonic…
Q: If the Fed decides to conduct contractionary monetary policy by selling $250 million in UST bonds,…
A: Under the contractionary monetary policy the central bank sells bonds and hence take back money from…
Q: Francine is a a dental floss tycoon living in Montana. She faces the following demand curve for her…
A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…
Q: The following is a report from a BLS survey taker: There were 90 people in the houses I visited. 20…
A: unemployment rate, percentage of unemployed individuals in an economy among individuals currently in…
Q: consider each fiscal policy listed here, which policies would shift the aggregate demand curve in…
A: Government Expenditure Government expenditure is the amount of money allocated by the public sector…
Q: what happening in the market for leather belt and the impact that it have on demand , supply, price,…
A: Change in demand and supply occurs due to change in factors other than price. A rightward shift of…
Q: Explain why does production measure of GDP give the same results as the income method of
A: The GDP refers to the production of goods and services during an accounting year. There three…
Q: Suppose that at present total currency in the Philippine economy is presently PHP5.5 trillion, total…
A: Given The currency in circulation in the Philippine economy (C) is Php 5.5 trillion. The total…
Q: Suppose the government passes a new law that sets a limit on the interest rate that credit card…
A: The inflation rate is the % change in the price index for a provided period compared to that…
Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t€ (0, 1). If the…
A: Let, Audited Probability = P Non-audited probability = (1-P) Tax reported without an audit = tr…
Q: 1) Complete the table. Price 18 17 16 15 14 13 12 Quantity Total Marginal Fixed Demanded Revenue…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: An asset is purchased for P9,000,000. Its estimated economic life is 10 years after which it will be…
A: The sum of the years' digits is a quick method for calculating the predicted depreciation of an…
Q: The rate at which a consumer is able to substitute one good for another is determined by the…
A: In economics, the marginal rate of substitution (MRS) refers to a rate at which a consumer will be…
Q: ngr. Lalai wants to prepare funds so when she retires, she will be able to receive equal withdrawals…
A: Introduction: Future value is the value that accumulate the present value as well as annual interest…
Q: A study at a college on the west coast reveals that, historically, 36% of the students are minority…
A:
Q: What is the concept of an ecological dish and give an example
A: Ecology is the study of the relationships between living organisms, including humans, and their…
Q: Item Imports of goods and services Foreign investment in the United States Exports of goods and…
A: The balance of trade refers to the difference in value over a period of time between a nation's…
Q: A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to…
A: We use the following formulas to solve for the Simple Interest: Simple Interest = Principal X Time X…
Q: 2. Using the data in Problem no. 1, construct an amortization schedule showing the principal at the…
A: As you mention above we are just solving part 2
Q: 1. When the Federal Reserve increases the money supply Question options: the liquidity effect…
A: In economics, liquidity effect refers to the changes in market condition due to change in the…
Q: You are offered a 15-year investment and ask to select your preferred terms of interest which of the…
A: In this question, we will convert 8% interest rate compounding (continuously, annually,…
Q: Amanda inherited P280,000 on her 30th birthday. She placed it on a pension fund which earns an…
A: Note: My dear student, As per bartleby guidelines I have done only one answering at a time. Please…
Q: 1. Suppose that you borrow $20,000 at 9%, compounded monthly, over five years. Knowing that the 9%…
A: Equivalent value or dated value refers to the value of an original sum at any given time. The…
Q: A decision-maker with initial wealth w faces a probability of incurring a loss. If the loss occurs,…
A: The propensity to avoid risk is defined as Risk Aversion. An investor who favors capital…
Q: Suppose that before tax was imposed 400 million gallons of gasoline was supplied at $3.00 per…
A: Here we are considering the market for gasoline where the equilibrium is determined by demand and…
Q: An overlook in the state’s Scenic Park offers a spectacular view of Angel’s Lake and the surrounding…
A: A cost-benefit analysis, an important tool for decision-making, can help determine whether a planned…
Q: 1.a) Write down the Best Response Correspondence for each of the two players. 1.b) Does any player…
A: The Nash equilibrium is a decision-making theorem within game theory that states a player can…
Q: Which of the following is unlikely to affect the rate of economic growth? O 1) the quality of…
A: Introduction Economic growth refers to long term increase in real national income or real national…
Q: ! The question is to Explain how the following situation would affect a nation's production…
A: The production function shows the different combinations of two goods that can be produced with…
Q: Carefully explain what is happening in the market for a regular cup of coffee. Indicate the impact…
A: Complement goods are used jointly to satisfy a demand. The price of one good is inversely related to…
Q: f the supply and demand functions for a commodity are given by 8p − q = 290 and (p+2)q =5720,…
A: The equilibrium is established where the demand and supply are equal. The free market system…
Q: mer of two goods has utility U(X1, 2) = X1X2. She can purchase each good ce of p; dollars per unit.…
A: Introduction A person who uses two products has usefulness. She can pay a fixed charge of C…
Q: Jorge’s salary increased from P12, 500 to P13, 800 consequently his consumption for good X increased…
A: Income elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…
Q: 1. The price for widgets rises from 4 to 5. As a result, the demand for widgets drops from 20 to 5.…
A: Price elasticity of demand for a good is estimated to know about the changes in the quantity…
Q: What is the GSS?
A: The National Opinion Research Center regularly and continuously interviews U.S. households that is…
Q: Marketers spend millions of dollars annually trying to create or reinforce brand loyalty. Brand…
A: Introduction Elasticity of demand refers to the percentage change in demand for a commodity with…
Q: WHAT IS THE PRINCIPAL AMOUNT OF P300,000.00 FUTURE PAYMENT TO BE MADE IN 5 YEARS AT 8% INTEREST…
A: Present value refers to the discounted value of a future cash flow . When we compute time value of…
Q: Explain how competitive advantage play a role as one of the globalization driver ?
A: In recent decades, the primary idea of globalization has taken centre stage in economic life. Almost…
Q: oly Suppose the following are true for a monopolist market: P = 450-16Q MR = 450-32Q Q* = MC = 55…
A: Given, P = 450 - 16Q MR = 450 - 32Q MC = 55 + 37 ATC = 55+ 18.5Q
Q: The law of diminishing marginal returns _____. a) is relevant in the short run. b) assumes all…
A: In economics, the expression "returns" alludes to the output produced contrasted with the inputs…
Q: Assume that you have all your wealth (one million dollars) invested in the Vanguard 500 index fund,…
A: The term "standard deviation refers to a measurement of the data's dispersion from the mean , if…
Q: 18) If the cost of producing each performance of a Raider's Game is constant a inelastic, profits…
A: The profit is maximized in where the marginal revenue is equal to the marginal cost or MR = MC. The…
Q: Mad Mildred's Magic Mall by determining the Labor (workers/day) Output (units/day) 0 1 2 3 4 5 0 8…
A: Help mad Mildred magic mall by determining the missing values in the table.
Q: A consumer of two goods has utility u(x₁, x2) = x²x₂. In addition to her wealth w, the consumer…
A: Utility Function : U = x12x2 Budget Constraint : p1x1 +p2x2 = w Optimal consumption point is…
Step by step
Solved in 2 steps with 2 images
- Real-Time Data Analysis Exercise The following table shows the values for real potential GDP and real GDP for the past five years. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Given this information, calculate the output gap for each year by calculating the percentage difference between real GDP and potential GDP. (Enter your responses as percents rounded to two decimal places. Include a minus sign if necessary.) Year 2018 2019 2020 2021 2022 Real Potential GDP ($ billions) 18,788 19,163 19,524 19,865 20,224 Real GDP ($ billions) 18,609 19,036 18,509 19,610 20,015 Output Gap (%)Table 1: Rainfall and GDP growth Rainfall growth GDP growth Country Egypt Egypt Year 2000 Quarter1 2001 Quarter 2 2000 Quarter 1 2001 Quarter 2 | 2000 Quarter 1 -1 1 Moгоссо -2 -1 Morocco 4 3 Algeria 3 Source: World Weather Data a. Critically discuss the type of data provided in Table 1. b. Write the theoretical equation that estimates the effect of Rainfall growth on GDP growth. Calculate the parameters of the ordinary least squares model. Interpret your results. c. Calculate the correlation coefficient and critically discuss the difference in interpreting this coefficient and the OLS parameters. d. We assume a model where the linear line starts from the origin. Re-derive the slope in this case.QUESTION 4 (a) What is an autoregressive distributed lag (ARDL) model in time- series analysis? (b) Suppose you model the growth rate in the world steel price (steelgr:) as a function of the the Chinese GDP growth rate (AChinaGDP;), using quarterly data: steelgr; = 0.044 +0.45AChinaGDP; + 0.8AChinaGDP;-1 + Et What is the long-run effect on the world steel price of a decrease in the Chinese growth rate from 8.5% to 7%?
- Hi please assist with this 1.3 questions 1.3-1.5.South Africa’s economy grew by 1.1% in the first quarter of the yearStats SA has published the latest gross domestic product (GDP) data covering the first quarter of the year, showing that the economy grew by 1.1% in the first three months of 2021.The growth follows a revised 1.4% rise in real GDP in the fourth quarter of 2020. On an annualised basis, the economy grew 4.6% quarter-on-quarter.Following confusion caused by the annualisation of GDP data in 2020 – amid the Covid-19 pandemic and resulting lockdowns – Stats SA said it would no longer use the annualised data as the headline GDP statistic.During periods of steady economic growth, annualising is a useful way of expressing quarter-on-quarter performance in annual terms, Stats SA said. However, during periods of economic instability, annualising can be misleading, because it exaggerates growth rates that are unlikely to be repeated.The central problem that is evident in the above…This case study focuses on the Australian economy in 2019, before the COVID-19 pandemic hit. On 4th September 2019, the Australian Bureau of Statistics (ABS) published Real GDP data for the quarter ending June, 2019. (The reporting of GDP always lags by about 2 months as it takes time to collect and compile data). The data showed that the Australian economy recorded a quarterly growth of 0.5%. However, there was a decrease in Real GDP per capita. Furthermore, Real GDP per capita in June 2019 was lower than it was a year before (June 2018). Overall, while Real GDP still increased, the growth was very weak; the weakest on record since March 2001. (Source: Australian Financial Review and The Guardian). Required: Question 1. Clearly explain what Real GDP per capita means.Clearly explain why Real GDP per capita decreased whereas there was still growth in Real GDP for the quarter ending June 2019. Question 2. Given the economic conditions described above, predict how the following key…This case study focuses on the Australian economy in 2019, before the COVID-19 pandemic hit. On 4th September 2019, the Australian Bureau of Statistics (ABS) published Real GDP data for the quarter ending June, 2019. (The reporting of GDP always lags by about 2 months as it takes time to collect and compile data). The data showed that the Australian economy recorded a quarterly growth of 0.5%. However, there was a decrease in Real GDP per capita. Furthermore, Real GDP per capita in June 2019 was lower than it was a year before (June 2018). Overall, while Real GDP still increased, the growth was very weak; the weakest on record since March 2001. (Source: Australian Financial Review and The Guardian). Question 4. Given the economic conditions described above, recommend the appropriate monetary policy that the Reserve Bank of Australia (RBA) should implement.Clearly explain why this type of monetary policy is needed. Question 5. Describe in details the steps the RBA must undertake to…
- In business forecasting using multiplicative decomposition which data component do you use to forecast sales outcome with macroeconomic change?Q. Table provided gives data on gross domestic product (GDP) for the United States for the years 1959–2005. a. Plot the GDP data in current and constant (i.e., 2000) dollars against time. b. Letting Y denote GDP and X time (measured chronologically starting with 1 for 1959, 2 for 1960, through 47 for 2005), see if the following model fits the GDP data: Yt = β1 + β2 Xt + ut Estimate this model for both current and constant-dollar GDP. c. How would you interpret β2? d. If there is a difference between β2 estimated for current-dollar GDP and that estimated for constant-dollar GDP, what explains the difference? e. From your results what can you say about the nature of inflation in the United States over the sample period? Please answer c, d, and e. Thank you!The following is the macro model of the economy for next year. (i) Find theparametric solutions for the predicted GDP (Y ) and for the predicted netexport (X): (ii) Verify that the 3rd equation is satisÖed by your solutions. Y=C+G0+X C=a+b(Y-t0Y) X=k-mY
- After defining what we mean with the term “business cycle”, briefly explain the effects of thefollowing cases regarding output, price levels, employment and the overall situation of the economy(recession, expansion etc.). Use graphs to explain yourself in a clear and effective way.i)Suppose the consumers are more pessimistic about the future and reduce their consumption.ii) Suppose the government banned a specific type of technology that firms use to increaseproductivity.When analyzing key macroeconomics to assess GDP growth/decline, how would you measure the performance relative to sequential and year-to-year data?The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with a period of six or more months of declining real gross domestic product (real GDP). Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of increasing real GDP is known as a __________ (options: bust, business cycle, boom).