Which of the following is an example of (economic) investment I, as defined in GDP accounting? O a. The federal government spends on an early child development program to improve long term health outcomes of young children. O b. A used car is sold to a firm for business use. O C. You purchase bonds sold by the government of British Columbia. O d. Spending on construction of new residential buildings.
Q: The way in which economists' thinks is influenced: Select one: a. Wealth b. Opportunity cost c.…
A: A financial pointer is a piece of monetary information, ordinarily of macroeconomic scale, that is…
Q: Q2. The profit of the firm depends on effort of the agent e and a random component (economic…
A: The study of how individuals and organizations establish and evolve legal agreements is known as…
Q: a. Find Sam's utility maximizing choice of ice cream and video games. Also find his utility level…
A: In economics, the utility function measures the welfare or satisfaction of a consumer as a function…
Q: Refer your answers to Questions 8- Please describe how the MARKET supply and/or demand curves will…
A: We have given that the market price is 8. At this market price, the firm produces 4 unit of output…
Q: How do we restore confidence in the financial and banking industries and our political systems?
A: Introduction: The Industrial Revolution was one of the most significant events in human history,…
Q: Questions: (1) How much is the income elasticity of chicken consumption, and how much is the…
A: Consumption of chicken is regressed on real income, price of chicken and price of beef.
Q: Circular Flow Chart Quiz Fill in the 6 BLANK spots using the following 5 options: Product Markets…
A: The circular flow model demonstrates how money moves through an economy. It shows the basic economic…
Q: positive turbulence-causing factors during the next five years healthcare in malaysia
A: There are several sources of turbulence in the health-care and medical businesses. They are…
Q: In not less than five sentences, explain ONE risk that a banking company is exposed to and how do…
A: A banking firm is a financial institution that receives deposits and invests the funds in lending…
Q: Figure 3 Use this figure for questions 29-32. Price MC ATC Demand 140 123.33 90 56.67 100 133.33…
A: * ANSWER :- From the given information the answer is provided as below as ,
Q: Organizations want customers to be satisfied. Imagine you’ve been asked to estimate the relative…
A: Customers are anyone to whom a corporation sells goods, services, or experiences. Because customers…
Q: 1 The government decreases taxes by $300 million. Given that MPC = 0.9, how much will AD increase or…
A: In financial aspects, the negligible penchant to consume (MPC) is characterized as the extent of a…
Q: what is fisher effect theory and explian is it holds are not in short trem capital markets
A: Fisher's Effect:- The Fisher Effect is a concept proposed by economics expert Irving Fisher to…
Q: Elaborate what is catering function for.
A: Function catering is the provision of a particular function for a certain set of people at a defined…
Q: Which of the following is not an assumption of monopolistically competitve markets? Group of answer…
A: Monopolistic competition basically refers to a usual market condition in which competitors providing…
Q: at is the gain or loss on purchasing power for 2021? (if LOSS, put a negative (-) sign before the…
A:
Q: 3. The towns of Sawyer and Thatcher each have a labor force of 1,200 people. In Sawyer, 100 people…
A: Given: The labor force = 1,200 people In Sawyer, people were unemployed = 100 In Thatcher, every…
Q: at p=10 and has a short run production function Q(L)=20L-L2. Its wage rate function is w=40+2.5L.…
A: *Answer:
Q: Q4. Evaluate to total present worth of all the cash-flow of machine XYZ for an interest rate of 10%…
A: Answer is given below
Q: 2. Country X has carbon emission of 5000 units per year. The country is involved with Paris…
A: The curve that depicts quantities of goods and services that are being demanded at various levels of…
Q: I don't quite understand how you got 4% because when I did the math I kept get 1%
A: Given, Let's pretend you're betting $5 on a game. Chance of winning = 48% P(win) = 0.48 P(Lose) =…
Q: Two street vendors (Vendor Y and Vendor Z) with mobile carts produce the same good which they sell…
A: Equilibrium is a state in a market-based economy in which economic powers - like supply and demand
Q: In not less than five sentences, explain ONE risk that a banking company is exposed to and how do…
A: Answer -
Q: Consider the perfectly competitive spice market. At the equilibrium price, the elasticity of market…
A: Percentage change is used in finance for various purposes, including indicating the percentage…
Q: A firm will invest in capital if... the present value of the capital is greater than the market…
A: Investment is the process of capital Formation . And it earns return over period of time .
Q: What value of X makes these two cash flows equivalent assuming an interest rate of 10%? 150 150 100…
A: We know that for the equivalence The present worth of known cash flow must equate the present worth…
Q: Suppose demand for a monopoly’s product falls so that its profit-maximizing price is below average…
A: A monopolist can decide its profit-maximizing cost and amount by dissecting the marginal revenue and…
Q: the
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is the difference between the balance of trade and balance of payments?
A: Trade: - it means the buying and selling of goods and services.
Q: When the covid-19 shock started in early 2020, supermarkets quickly ran out of toilet paper as panic…
A: Introduction Even though the country is progressively reopening in the midst of the coronavirus…
Q: Explain why the 2010 Obama Wall Street Reform Act was considered the most extensive overhaul of the…
A: When a financial crisis of unimaginable scale and intensity devastated the United States, millions…
Q: Suppose that the price index of 150 for quantity demanded of US Real GDP is 10.0 trillion worth of…
A: A standardized normal of cost family members for a given class of labor and products in a given…
Q: Outpul Price | MPC | MEB /MSC / MSB / 20 64 64 100 80 1 10 bo 80 60 १० 2 3 80 160 60 96 80 64 64 92…
A: When firm produces goods it doesn't consider positive externalities into account. And when firm…
Q: Suppose a firm is considering to buy a machine today at $25,000. The use of this machine in the…
A: cost 25000 Income 15000 r 0.1
Q: Assume a 2 percent required reserve ratio, zero excess reserves, and no currency leakages. Calculate…
A: The formula for money multiplier is Money Multiplier = 1/r where r is required reserve ratio
Q: 5. What is the gain or loss on purchasing power for 2021? (if LOSS, put a negative (-) sign before…
A:
Q: 21. Let U=x²+y2 is the utility function of a worker who has 10 hours that to be allocated between…
A: Given information U=X2+Y2 Here X= leisure hour Y= consumption Price of consumption=1 W=1
Q: How is the World Health Organization structured and governed?
A: World Health Organization is an international organization for public health.
Q: The information on price and quantity of three products consumed by a typical household in the year…
A: The Consumer Price Index (CPI) is a weighted average of the prices of all goods and services that…
Q: What is decoupling Geo-engineering Breaking the link between GDP and carbon emissions Adaptation…
A: Decoupling is described as minimising the quantity of resources utilised to achieve economic growth…
Q: Figure 1 Use this figure for questions 14-20. This figure shows costs for a firm in a perfectly…
A: Here, the given graph shows the information about a firm in the perfectly competitive market.
Q: The Malaysian government had loosened the standard operating procedure (S.O.P.) in dealing with…
A: When the Malaysian government loosened the standard operating procedure then it implies an increase…
Q: In competitive markets, 3 .Group of answer choices 1. market forces of demand and supply determine…
A: A perfectly competitive firm is a price taker, which means the price is set by the market forces,…
Q: You've estimated the market demand curve for the spice market as P=184 - 2Q. What is elasticity of…
A: Elasticity of demand depicts how much consumer responds with the change in the price level.
Q: Given an interest rate of 12%, how much does one need to invest today to acquire 5,000 pesos…
A: Given information, Interest rate (i): 12% Annual income (A): 5,000 pesos Time period (N): 20 years…
Q: true or false output gap is the difference between actual output and potential output and measures…
A: Potential output: - potential output is the highest level of production of goods and services that…
Q: If non-chequable savings accounts are equal to R216 600, M1A equals R560 000, cheques, transmission…
A: The money market deposit account can be calculated by calculating the value of the M2 measure of…
Q: how to calculate and interpret the following elasticities : oElasticity of the cost of living with…
A: Elasticity is a proportion of a variable's aversion to an adjustment of another variable, most…
Q: Q1. Consider the adverse selection model, where the ability of each worker, 0, can be 1, 2 or 5.…
A: Ability of each worker = 1, 2,or 5 Probability associated to each = (1/3,1/6,1/2) Reservation Value…
Q: owes $6,000 to a lend who is charging her interest of 2.80% p.m. is required to settle the loan with…
A: Currently owes = $6000 Interest = 2.80% Time = 3month or 1/4 year
Step by step
Solved in 3 steps
- Classify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of cons government expenditure on goods and services. A. A new limousine for the president B. Banking services bought by a student C. New airplanes bought by United Airlines D. Packing boxes bought by Amazon.com O 1. A is an intermediate good, B is a final service that is consumption expenditure, C is a final good that is investment, and D is a final good that is investment. O2. A is a final good that is government expenditure, B is a final service that is consumption expenditure, C is a final good that is consumption expenditure, and D is a final good that is investment. O 3. A is an intermediate good, B is a final service that is investment, C is a final good that is investment, and D is an intermediate good. O4. A is a final good that is government expenditure, B is a final service that is consumption expenditure, C is a final good that is investment,…Classify each of the following items as a final good or an intermediate good, and identify whether it is a component of consumption expenditure, investment, or government expenditure on goods and services: Item 1. Packing boxes bought by Amazon.com. Item 2. Starbuck's grande mocha frappuccino bought by a student. Item 3. A new limousine for the president. Item 4. New airplanes bought by United Airlines. Item 1 is and item 2 is O A. an intermediate good; a final good that is consumption expenditure B. a final good that is consumption expenditure; a final good that is consumption expenditure C. a final good that is consumption expenditure; a final good that is investment D. an intermediate good; a final good that is investment Item 3 is and item 4 is O A. an intermediate good; an intermediate good O B. a final good that is government expenditure; a final good that is investment O C. an intermediate good; a final good that is investment D. a final good that is government expenditure; an…Which of the following would NOT be included in a nation's Gross Domestic Product (GDP)? Select one: O a. In a poker game a student wins $500 that he does not report as income. Ob. A landlord rents an apartment. O c. The government purchases 100 new trucks for the Army. O d. The inventory of paper towels goes up.
- Which of the following types of spending should be not included in Government Purchases, one of the four expenditure components used to measure U.S. Gross Domestic Product? Select one: O a. The federal government purchases an airplane for the U.S. Air Force. O b. The state of Louisiana pays unemployment insurance benefits to qualified unemployed persons. O c. The salaries paid to members of the U.S. Congress. Od. The state of Louisiana pays a construction company to build new roads.Classify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services. A. A new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. Ais an intermediate good, B is a final good that is consumption expenditure, C is an intermediate good, and D is…If Ralph pays someone to mow his lawn and Norton mows his own lawn, what is the impact on GDP? a. Neither what Ralph pays nor the estimated value of Norton's mowing is included in GDP. O b. The answer depends on what Norton reports to survey takers. What Ralph pays to have his lawn mowed and the estimated value to Norton of mowing his own lawn are both included in GDP. c. d. Only what Ralph pays to have his lawn mowed is included in GDP.
- Use the following table to answer this question The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. Consumer spending Durable goods Nondurable goods Services Investment spending Fixed investment spending Nonresidential Structures Equipment and software Residential Change in private inventories Net exports Exports Imports Government purchases of goods and services Federal Category National defense Nondefense State and local What is the value of l? O A. $9,710.2B. O B. $2,130.4B. O C. $2,674.8B. O D. $5,794.4B Components of GDP in 2020 (billions of dollars) $1,082.80 2,833.00 5,794.40 2,134.00 1,503.80 480.3 1,023.50 630.2 -3.6 1,662.40 2,370.20 979.3 662.2 317.1 1.695.50Suppose that an economy consists of only two individuals. Trevor has $1310 available to spend on goods. He decides to purchase $130 worth of produce from Krista in the current year. No other economic activity takes place during the current year. Using this information, answer the questions. For the current year, what is the economy's income? For the current year, what is the economy's expenditure? In an economy, how are income and expenditure related? O Income is greater than expenditure 24 MacBook Air In an economy, how are income and expenditure related? Income is greater than expenditure. O They are equal. Income is less than expenditure. They are unrelated.Which of the following description best explains the expenditures approach to calculating GDP? O consumer spending, private investment, government spending, exports minus imports O consumption, business purchase of raw material, government social security payments, and exports O investment, consumption, wages, and imports O savings, income, investment, and exports
- Related to the Economics in Practice on p. 107: The value of the used goods sold on eBay from a U.S. seller to a U.S. buyer is Select one: O a. not counted in either U.S. GDP or GNP. Ob. counted in U.S. GNP but not GDP. O c. counted in both U.S. GDP and GNP. O d. counted in U.S. GDP but not GNP.a. Consider an economy which produces and sells, among a host of other things, 100 million T‑shirts a year. The average T‑shirt begins life when a farmer plants seeds she put away last year, waters them, and harvests the cotton, then sells the cotton to a mill for $0.75, which sells the fabric to a T‑shirt factory for $1.50, which sells its T‑shirts to a wholesaler for $5, who sells it to Nordstrom for $10, which finally sells it to you for $17. Determine the impact of T‑shirts on annual GDP by calculating the value added of the entire production process. b. Now, calculate the amount spent on T‑shirts in a year if 100 million T‑shirts are sold, each for $17. How does this compare to the amount calculated through the value‑added method?The table below includes data for a one-year period required to calculate GDP from the expenditure side. What is the value of GDP? Investment expenditure Wages and salaries Consumption expenditure Interest and investment income $103.39 Business profits Depreciation Government purchases Net exports $406.15 $1,785.53 $1,294.43 $74.07 $203.47 $487.91 $92.34 O A. $2,354.90 O B. $2,177.44 OC. $2,280.83 O D. $4,066.36 O E. $2,188.49