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what is ?
1-)Expenditure Approach
2-)Income Approach
3-)Production Approach
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- AMoving to the next question prevents changes to this answer. Question 3 of Question 3 1 points Save Answ The branch of economics that analyses the market behaviour of individual consumers and firms in an attemp to understand the decision-making process of firms and households. a)Gross Domestic Product O b)Micro Economics c)Macro Economics d)Logistics e)Gross National Product O0000Bus Econ 4.7.39 Question Help O An economy i s based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.30 from agriculture, $0.30 from manufacturing, and $0.20 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.20 from agriculture, $0.20 from manufacturing, and $0.30 from energy. Production of a dollar's worth of energy requires inputs of $0.30 from agriculture, $0.40from manufacturing, and $0.30 from energy. Find the output for each sector that is needed to satisfy a final demand of $56 billion for agriculture, $43 billion for manufacturing, and $42 billion for energy. The output of the agricultural sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places as needed.)Please explain three perspectives related to the consumption.
- C=150 + 0.65 y I= 120 G= 80 1- Equilibrium levelof income 2- Consumption 3- Saving12 Investment Figure 14.4 383.Figure 14.4 shows three possible shifts in the production possibilities frontier of a country. Which allocation would be the most likely explanation for shift number 3? (A) R (B) W (C) x (D) Y (E) Shift number 3 is not possible. LHH actment ConsumptionAssume that Country A has an efficiency in output market. However, efficiency in the use of input production is not. Using graph, explain how the economy of Country A will adjust to achieve a desired equilibrium. What are the conditions to achieve this equilibrium?
- Equilibrium in the goods market exists when production, Y, is equal to the demand forgoods, Z.Explain the determination of equilibrium output in the goods market, use relevant algebra and graphs. Your discussion should include the following concepts• Consumption Spending• Investment Spending • Government spendingQuèstion 15 which of the following would be strictly a macroeconomic topic? O the increase in the price of tomatoes O a drop-in gasoline prices how individuals maximize their utilities O the increase in the total production in JordanThe graph below is Mendork's production possibility curve for the only two goods that it produces: quirks and quarks. Quantity of Quarks 800 700 600 500 400 300 200 100 2 4 6 8 10 12 14 16 18 20 Quantity of Quirks Note: If the image does not appear, right-click on the placeholder and choose Show picture or View image. If Mendork's current production is at point A, what is the (approximate) cost of producing one more quirk? a) 50 quarks B b) 100 quarks c) 200 quarks d) One more quark e) 25 quarks
- A ng.cengage.com/static/nb/ui/evo/index.html?elSBN=97803571336998&id%3D1391657528&snapshotld%3D2768299& nail O YouTube Maps n Classes O Mail - Jaira Ross -. Documents | Feder... O patreon MindTap - Cengage. O Your Sets | Quizlet AK Watch Boruto: Naru. CENGAGE MINDTAP Q Search this co Homework (Ch 03) Consider two neighboring island countries called Arcadia and Euphoria, They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jeans that can be produced using 1 hour of labor. nd Study Tools otions Corn Jeans Country (Bushels per hour of labor) (Pairs per hour of labor) uccess Tips Arcadia 12 24 Euphoria 8 32 uccess Tips Initially, suppose Arcadia uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jeans, while Euphoria uses 3 edback million hours of labor per week to produce corn and 1 million hours per week to produce jeans.…Draw a circular flow diagram. Determine the parts of the model that correspond to theflow of goods and services and the flow of dollars for each of the following activities.i. Ms. Goh earns RM3, 000 rental income from her 10 percent ownership of landproperty.Josel owns two fields: Green 4. Joint PPF and quantity restriction field and Blue field. He can produce corn and wheat. Green field has 80 acres, and it takes 10 acres to produce 1 bushel of corn and 20 acres to produce 1 bushel of wheat. Blue field has 100 acres, and it takes 20 acres to produce 1 bushel of corn and 10 acres to produce 1 bushel of wheat. Suppose that the government imposes a quantity restriction on only corn. Specifically, A quantity restriction of 4 bushels of corn in Green field. That is, Green field is allowed to produce at most 4 bushels of corn, and A quantity restriction of 2 bushels of corn in Blue field. That is, Blue field is allowed to produce at most 2 bushels of corn. (a) Sketch the joint PPF. Clearly label your graph (i.e., indicate values for slopes, intercept(s), endpoint (s), and kink(s)).
