Q: The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following…
A: The average annual population growth rate could be measured by the following formula: Population…
Q: In 1999, the French minimum wage was around 50 francs. Describe the (francs / hours of leisure)…
A: Since you have asked us to solve only question 6, we will only answer this particular question for…
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: Item Imports of goods and services Foreign investment in the United States Exports of goods and…
A: In international economics, the balance of payments of a country is the difference between all money…
Q: The term potential output refers to: a)The maximum possible output for an economy b)The quantity…
A: Aggregate demand depicts the total output demanded at each price level in the economy Aggregate…
Q: The demand curve and supply curve for one‐year discount bonds with a face value of R1,000 are…
A: The term "demand curve" describes a curve that displays different quantities of an item being wanted…
Q: Firms require capital to invest in productive opportunities. The best firms with the most profitable…
A: An expansionary monetary policy, also known as a free money-related approach, reduces the rate of…
Q: You have a total of $2,520,000 in your retirement account right now. You plan on making a uniform…
A: Present value is the value of investment in today's dollar. Future value is the value of…
Q: A couple wants to save for their daughter’s college expenses. The daughter will enter college eight…
A: The amount that the lender usually adds to the principal sum that the borrower owes is referred to…
Q: 8. Suppose a firm has following total cost function: TC=900+4Q+Q². Find the fixed cost (FC), total…
A: The total cost involve in the process of production is the sum of the total fixed cost and total…
Q: Sally consumes two goods, X and Y. Her utility function is given by the expression U=3XY2. The…
A: Given Sally's utility function: U=3XY2 .....(1) Marginal utility of X: MUX=3Y2…
Q: 100 P Find the Elasticity of Demand at a price of $39 Given the demand function D(p) At this price,…
A: D(p) = 100p
Q: An Increase in market price will lead to Multiple Choice O a decrease in demand. O an increase in…
A: Demand curve is the graphical representation of demand schedule. Demand schedule is the tabular…
Q: Ben has $10,000 in his savings account and the bank pays an interest rate of 12 percent a year. The…
A: Here we are given the nominal interest rate, inflation rate , tax rate. And we will use those…
Q: 3. Charlie likes to watch shows like Downton Abbey on PBS, but he never sends in a contribution…
A: An economist is an expert who investigates the connection that exists between a society's resources…
Q: Explain why the simple deposit multiplier overstates the true deposit multiplier.
A: Introduction The deposit multiplier is the multiple by which banks can lend out deposited money…
Q: 2) Now suppose the prices change to q= (91, 92) = (2,1). Again, obtain the optimal choices for A and…
A: It is said to be optimal if a choice produces a known or anticipated result that is at least as…
Q: Suppose a bank sells a 6-month at-the-money put option on 1 million GBPs. Current exchange rate is…
A: A trading approach for options called delta hedging tries to lessen or eliminate the directional…
Q: Which of the following would properly be classified as a favorable supply shock?
A: Introduction A supply shock is a dramatic reaction to the price of a good or product because of…
Q: Answer asap n correctly n give proper explanation of the question . (long run production) For…
A: To determine whether a production function has increasing, decreasing, and constant returns to…
Q: Which of the following would cause a financial account (FA) surplus? a. the sale of heavy trucks…
A: When it comes to financial assets, a financial account is a part of a nation's balance of payments…
Q: What is the business cycle? Which part of the business cycle is of particular concern to…
A: In economics, business cycle is one of the important economic concept to study by macroeconomists…
Q: 4. Four roommates are planning to spend the weekend in their dorm suite watching old movies, and…
A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…
Q: What is the equilibrium price in this market? Type your numeric answer and submit
A: Demand is the quantity of things that consumers are willing to purchase at a specific price and for…
Q: Price of Gardening ($) L M O P S U Q N MPB MC MSB Quantity of Gardening a) Using the letters on the…
A: The given scenario is of positive externality. Positive externality refers to positive spillover…
Q: Consider a bank policy to hold reserves equal to 15% of bank deposits. The bank currently has $25…
A: Required reserve on the extra deposit = Amount of deposit*Reserve ratio We have, New deposit =…
Q: ↑ Conside following FIRE EVENT FIRE → NO FIRE PROBABILITY 0.02 0.98 NCE PROBLEM Where fire destroys…
A: Here we are given the payoff of the individual under the uncertainty and the respective…
Q: 2. What does it mean for goods to be perfect compliments? Give one example.
A: As mentioned I will be only answering question 2. There are many types of goods in this world and…
Q: COMPUTE THE EQUIVALENT RATE OF 6% INTEREST COMPOUNDED SEMI- ANNUALLY TO A RATE COMPOUNDED QUARTERLY?
A: Here we will use the future value formula in the case of compound interest rate: F = P(1 +R/m)tm P…
Q: so the given answer is erronous?
A: A break-even point is utilised in numerous financial and business contexts. It is the production…
Q: For the cost function C(x) 125x + 375 x+7 where C is in dollars and x is the number produced in…
A:
Q: This is the second time asking this because last person did not answer the first ten and last ten…
A: Missiles vs. Milk (millions of gallons) 0 4010 3020…
Q: As observed in a certain appliance store when the price of electric fan increased from 1000 to 1200…
A: Cross-price elasticity measures the responsiveness of change in demand of one good to change in the…
Q: 4. [A Monetary Surprise] Consider an economy in which the demand for money is of the form M₁ = = P₁Y…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: Consider an exchange economy with two agents, 1 and 2, and two goods, apples and bananas. The…
A: Utility function : u(x ,y ) = xi + ln (1+yi ) where , i = 1, 2 For Agent 1 - Endowments : ( 10 , 0…
Q: 5. A consumer dislikes good 1, and dislikes good 2. Show these preferences on a suitably labelled…
A: Indifference curves are the locus of points which provide same level of utility to the consumer .
Q: The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following…
A:
Q: In GDP= C+I+G+(N-X) "Net private investment" is I or what?
A: Gross domestic product (GDP) is the market value of final goods and services produced by an economy…
Q: 3. A consumer has a budget of £12 to split between two goods: good 1 has a price of 2, good 2 has a…
A: Budget constraints refers when a consumer's income restricts their purchase patterns. In other…
Q: 5. Table: Hypothetical Canadian National Income and Product Accounts Data Category Consumption…
A: GNI is the sum of Consumption ,Investment , Government consumption , net export , Foreign income…
Q: What is the future worth of the following series of payments? a) $30,000 at the end of each…
A: Part A PV annuity = 30000 n = 5 years r = 8% Part B PV annuity = 50000 n = 10 years r = 6% Part…
Q: arger marketplaces tend to generate more wealth than smaller marketplaces. Why?
A: The marketplace or market place refers to a location where there is a regular gathering of the…
Q: What is the key endogenous variable in the quantity theory? Explain the effect on this key variable…
A: There are 4 different kinds of GDP and each represents different economic outlook. Real GDP = Real…
Q: Using the properties of variance, what is the variance of Y=4X−5 where Var(X)=1?
A: Given information: X is a random variable, and the variance of X is 1 i.e., Var(X) = 1 We need to…
Q: The figure shows the total product curve for different levels of a variable input, labor. O A OB ос…
A: The total product is the output through the production process. Marginal product is the change in…
Q: Most of the economies of countries around the world have suffered from the problem of economic…
A: Planning: It refers to the blueprint of things. Plans help in making things easy and understanding…
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: 16. The firm in the figure represents the cost structure for all firms in the industry. Describe the…
A: We know, Long run equilibrium level is where Price is equal to Marginal revenue (MR) and Marginal…
Q: A consumer has a budget of £12 to split between two goods: good 1 has a price of 2, good 2 has a…
A: Here we are given the budget of the consumer. Which includes the price of good 1 , price of good 2…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 1. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…1. When calculating gross national disposable income in an open economy, we adjust gross nationalexpenditure by:a. subtracting exports and adding back imports.b. adding in net income earned from foreign sources, plus the trade balance, plus net unilateraltransfers from abroad.c. subtracting depreciation, payroll taxes, and indirect business taxes, while adding in subsidies.d. taking out net factor income from abroad and subtracting net unilateral transfers.Consumption $500Government Expenditures $200GNP $800Gross Private Domestic Investment $100Imports $100Exports $50 Questions:1. Using the data above, GDP is equal to __________________.2. Using the data above, Net Exports is equal to _____________.
- The following are the National Income Account data of the Philippines (figures are in Billions of Pesos). 17 Merchandise Imports Personal Consumption Expenditure Net Factor Income from Abroad Capital Consumption allowance Merchandise Exports Transfer Payments 217 7 15 19 32 Net Private Domestic Investment 8 Indirect Business Taxes 39 Personal Taxes 4 Social Insurance Contributions 10 Undistributed Corporate Profits Dividends 15 Government Expenditure 51 Corporate Income Tax 11 Calculate the Gross private domestic investment. Calculate the Net exports. Calculate the Gross Domestic Product. Calculate the Corporate profits.4. You are given the following information about an economy: Smillions GDP at Market Prices Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 1,,669.4 290.5 48.7 39.0 75.9 Exports Subsidies Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 273.4 16.8 10.0 10.5 19.2 355.6 Direct Taxes Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption ExpenditureThe country of Meditor, a small country with a closed economy, uses the merit as its currency. Recent national income statistics showed that it had GDP of $600 million merits, no government transfer payments, taxes of $150 million merits, a budget surplusof $40 million merits, and investment of $100 million merits. What was its consumption and government expenditures on goods and services? Please show you calculation
- 8. State whether each of the following events involves a financial flow to the U.S. economy or away from the U.S. economy: a. Export sales to Germany b. Returns being paid on past U.S. financial investments in Brazil c. Foreign aid from the U.S. government to Egypt d. Imported oil from the Russian Federation e. Japanese investors buying U.S. real estateCategory Billions Category Billions Personal consumption expenditures $255 Net exports 11 Net foreign factor income 4 Dividends 16 Transfer payments Compensation of employees 12 233 Rents Taxes on production and imports 14 18 Statistical discrepancy 8 Undistributed corporate profits 21 Consumption of fixed capital (depreciation) 27 Personal taxes 26 Social Security contributions 20 Corporate income taxes 19 Interest 13 Corporate profits 56 Proprietors' income Personal saving 43 Govermment purchases 82 30 Net private domestic investment 33 Instructions: Enter your answers as a whole number. a. Using the above data, determine GDP by both the expenditures approach and the income approach. Then determine NDP. GDP using the expenditures approach = $ billion GDP using the income approach -$[ billion NDP= $ billion b. Now determine NI in two ways: first, by making the required additions or subtractions from NDP (method 1); and second, by adding up the types of income and taxes that make up NI…The country of Nemedia does not trade with any other country. Its GDP is $20 billion. Its government collects $4 billion in taxes and pays out $3 billion to households in the form of transfer payments. Consumption equals $13 billion, and investment equals $2 billion. What is the value of the goods and services purchased by the government of Nemedia? $3 billion O $5 billion $17 billion $19 billion
- 3. Suppose in a small open economy, real GDP is $500 billion, consumption is $300 billion, investment is $120 billion, government purchases equal $100 billion, exports are $80 billion, and imports are $100 billion. (a) Does this country run a trade surplus or a trade deficit? Does this imply there is a capital outflow or inflow? How do you know it?At one point Canadas GDP was 1,800 billion and its exports were 542 billion. What was Canadas export ratio at this time?If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?