If deflation occurs, and your income is fixed, your real income will: a. fall. b. remain equal to your nominal income. O c. remain constant. O d. rise.
Q: A computer machine initially worth P 50,000 depreciates in value each year by 20% of its value at th...
A: Given : Initial price=P50,000 rate=-20%(depreciating) time=9 yrs. Formula used : Final price ...
Q: You have just won the lottery. The state offers you an amortized payout of $200,000 at the end of ea...
A: A lump sum is defined as a single large sum of money. In contrast to a series of payments made over ...
Q: The fictitious country of World Campustan is expected to have an average annual growth rate of GDP p...
A: (1) According to Rule 70: The number of years to double = (70 / Annual growth rate) Note: If the ann...
Q: Why aren't more resources being allocated to sufficient prudential oversight of the financial system...
A: Countries where there are more working women, quantity of workers is more. People who are working o...
Q: Calculate the average cost (LCOE) of power generated by a nuclear plant which costs $8000/kw and has...
A:
Q: In economics, what amount does the demand for a good refer to? The amount people would like to have ...
A: In general, demand refers to the ability and desire of a consumer to purchase goods and services and...
Q: 1. If the reserve ratio is 10% then calculate any excess reserve. 2. If the bank decides to loan out...
A: Assets Liabilities Reserve$1000 Deposits $15000 Loan $ 14000 In the table of an...
Q: he city engineer estimated that a total of Php 500,000 will be deposited at the end of next year int...
A: Given First-year end deposit amount =Php 500,000 Deposited amount to the end of two years =500,000+...
Q: GUIDE QUESTIONS: COHERENCE AND COHESION -Are the ideas logically arranged and sequenced? -Are the id...
A: Obsessive compulsive disorder is a mental illness that causes repeated unwanted thoughts or sensatio...
Q: QUESTION 1 An interest rate of 38% per year, compounded monthly, is nearest to * per year Enter the ...
A: DISCLAIMER :- As you posted multiple questions we are supposed to solve the first one only as per gu...
Q: Chocolate Bars Hot Chocolate Quantity Total Utility Quantity Total Utility 1 15 1 25 30 35 40 43 48 ...
A: Marginal utility is the additional utility earned after an additional unit.
Q: The marginal benefit curve for a public good is obtained the same way as the marginal benefit curve ...
A: Marginal Benefit Curve is a downward sloping curve which shows the inverse relationship. i.e. with t...
Q: Under a fixed exchange rate system (A)_ would be an exogenous monetary policy instrument, whereas un...
A: An international exchange rate, also said as a foreign exchange rate. It is the price of a currency ...
Q: Marginal Utility of X (units of utility) Marginal Utility of Y (units of utility) Price of X ($) 12 ...
A: Answer to the question is as follows:
Q: n the Week 1 Discussion (also known as a small business scenario), you develop a specific business g...
A: The perfectly competitive market characterized by the presence of many buyers and sellers. The infor...
Q: A production possibilities curve can shift inward if there is a. an increase in productivity b. an ...
A: We discuss here what happens in each of the scenario. a. an increase in productivity: In this case w...
Q: 3. The business cycle is represented by a. percentage deviations in real GDP from its trend. b. perc...
A: When talking about business cycle, it is the process to explain a specific market nature and the rea...
Q: As you can see from the article in the prior problem, "Rents Hit All-Time Highs amid Job Growth and ...
A: Solution:- ▪︎ Find that the initial equilibrium price = 1500, equilibrium quantity = 500 Now, rent ...
Q: Use Paolo's supply schedule and Kenji's demand schedule to find the quantity supplied and quantity d...
A: Here we calculate the following terms by using the given data and fill the blanks so the calculation...
Q: Reference equation: Real GDP per capita growth rate Nominal GDP growth rate - Inflation rate - Popul...
A: To calculate Nominal GDP we have to multiply current year prices with current year quantities of goo...
Q: Use the numbers to calculate Econ Land's Green GDP
A: Green GDP: It is an indicator of economic growth with environmental factors taken into consideration...
Q: Are Structuralists' approaches to economic growth consistent with the Harrod – Domar theories of gro...
A: Economic growth is defined as the increase or improvement in the inflation-adjusted market value of ...
Q: Yakov lives in Montreal and runs a business that sells boats. In an average year, he receives $793,0...
A: Implicit cost refers to foregone income that could have been earned if resources were invested elsew...
Q: 7. Given the following estimated regression line Y = 10.0 + 6.0 x X. R2 0.40, SER = 2.0, n = 500 (8....
A: Answer: (1) α = 1 - (confidence level / 100) = 1 - (99/100) = 0.01 The critical probability = p* = 1...
Q: Complete the following table by selecting the term that matches each definition. Quantity Supplied S...
A: Supply curve is the curve which shows positive relationship between price and quantity supplied. So,...
Q: If GDP is $20 trillion, how many years will it take for GDP to increase to $160 trillion if annual g...
A: GDP measures the value of goods and services that are produced within the economy in a given year. I...
Q: Using the formula for present worth (1+n)t In how many years will $10000 accumulate to $25000 at 18%...
A: Here we calculate the number of year by using the given formula and information , so the calculation...
Q: The slope of a linear demand curve is constant, but the elasticity is not. At points with a low pric...
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...
Q: Which of the following statements about positive incentives is the most accurate? They create additi...
A:
Q: According to the AD-AS model, which of the following would happen as a result of a negative supply s...
A: Supply shock is situation where there is sudden increase or decrease in availability of goods more o...
Q: Problem 3 You found your utility preference given by U(w, d) = ", where w is your wage, and d is the...
A:
Q: A firm will most likely decide to decrease production, if its OA. MC>0. O B. MR> MC. OC. MR <MC. O D...
A: A profit-maximizing firm operate at the point where its marginal cost is equal to marginal revenue.
Q: Which of the following statements about productive efficiency is true? X: It means that an economy i...
A: The point where the firms are known to be operating at their respective maximum capacities is known ...
Q: Really need some help answering these questions, it’s all one problem but I understand that it’s kin...
A: Solution: Consumer 1: U(x1, x2) = x1 x2
Q: Table 24-1 The following table pertains to Cheeseland, an economy in which the typical consumer's b...
A: The economics a s a study is based upon the basic idea of scarcity, or the limit to the amount of re...
Q: The following graph shows the short-run average total cost curves for different plant sizes and the ...
A: Long run average cost shows the relationship between average total cost and the quantity of output w...
Q: Name two changes that have occurred as a result of the Civil Rights Act of 1991
A: The Civil Rights Act of 1991, so, is a employment regulation that undermines organizations with colo...
Q: Rationing of most scarce goods and services in a capitalist economy is done by: Group of answer ...
A: Rationing is described as the artificial restriction of demand or the control over the allocation of...
Q: . Make up an example of a monthly supply schedule for pizza and graph the implied supply curve. a...
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to purcha...
Q: 5. A company manufacturing acids, upon inspection of the roofing of the plant, found out that it is ...
A: Solution:- 5) Given, Cost of option 1 = P20000 Years(n1) = 3 Cost of option 2= P30000 Years(n2) =5...
Q: hat is the 'Keynesian Fiscal Multiplier’ and things might decrease its magnitude? ve both the defini...
A: The initial rise in expenditure leads to multiple rise in the income level, such phenomenon is known...
Q: The price elasticity of supply is a measure of the: Responsiveness of buyers of a good to change...
A: Price elasticity of supply indicates the relationship between price and quantity supplied.
Q: Which of the following events in the market for smartphones illustrates the law of demand? 1. The pr...
A: At the point when the cost of smartphone Falls, the interest for the cell phones will increment. Thi...
Q: Suppose that Greece and Sweden both produce rye and shoes. Greece's opportunity cost of producing a ...
A: If a country has a lower opportunity cost of producing the good, it is said to have a comparative ad...
Q: Honey loaned P10000 at 12 % interest in a bank, she paid P 2000 per annum for the last 4 years. How ...
A: Given:- Honey loaned=P10000 Interest rate=12% She paid=P2000 per annum for last 4 years To calculate...
Q: How much do eight ₱ 69,058 quarterly payments amount at present, if the interest rate is 3 compounde...
A: Eight equal payment of 69058 quarterly for 8quarters. This is case of annuity where constant amount ...
Q: Would it be ethical if Facebook profited from selling your and others' personal information to emplo...
A: Ethical issues in the business refer to the decisions of business affecting the moral standards of t...
Q: $3,300 $8 $2,400 $2,400 1. 2 4. End of Year
A: The cash flow means to the net amount of cash flow(cash equivalent) is transferred in and out from a...
Q: Change in the financial market of an economy will affect the global economy. Briefly discuss.
A: Financial market refers to the place where savers and investors interact with each other to exchange...
Q: If you catch one hundred cocaine shipments, and the street price does not increase, then have you ma...
A: If in the market the demand for the product is inelastic, meaning that for any increase in the price...
Typed and correct answer please. I ll rate accordingly.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which of the following statements are correct? Select one or more: O a. To find GDP at constant prices we can use the CPI to deflate GDP at current prices b. Inflation is measured by calculating the cost of a given bundle of goods. O c. The basket of goods used to calculate CPI inflation is tixed tor long periods O d. Some price indices adjust for the change in the quality of goods over time, as well as the change in prices.What is the effect of the bias in the CPI? The bias in the CPI leads to in government outlays and to in taxes. O A. increases; increases O B. decreases; increases O C. increases; decreases O D. decreases; decreases Click to select your answer.Assuming the nominal interest rate is positive, ceteris paribus, which of the following statements is correct? O a. If the nominal interest rate is 5 percent and the inflation rate is 2 percent, then the real interest rate is-3 percent. Ob. If the nominal interest rate is 4 percent and the inflation rate is 3 percent, then the real interest rate is 7 percent. O c. When the inflation rate is zero, ceteris paribus, the nominal interest rate will be less than the real interest rate. O d. When the inflation rate is positive, ceteris paribus, the real interest rate will be less than the nominal interest rate. Next page
- Why is deflation or disinflation an economic problem? O a. All of the answers are correct O b. It discourages firms from producing output It affects the value of wealth that people hold O d. It affects income distribution, such as retired workersAssume that in most years consumers consume roughly doble amounts of popcorn than potato chips. One year, the price of popcorn increased by 20% while the price of potato chips stayed constant. As a result, many consumers purchased more potato chips and fewer popcorn than usual. This price change would most likely cause O a. No change to either the CPI or GDP deflator O b. A larger change in the CPI than in the GDP deflator Oc. An equal change in the CPI and GDP deflator O d. A larger change in the GDP deflator than in the CPI A consumer is endowed with some capital, which they can use to produce output according to the production function y = k". They can divide that output between consumption now or save it as capital for next period. They have a utility function given by U(cj,c2) = In(c) + 99 In(c2). For which of the following values of a will the consumer want to save the largest percent of their output? O a. 2 Ob. .5 OC. Their saving rate does not depend on a d. 8 In a Solow model…How might deflation set off further deflation? O If prices are falling in the economy, this will cause a decrease in the number of goods exported from the country and thus cause prices to fall further. O Falling prices cause firms to increase production, and the increase in supply causes prices to fall further. O Falling prices may cause people to defer spending in expectation of further lower prices, and this leads to more deflation. O Falling prices can increase the nominal interest rates in the economy and reduce consumption. tv
- The nominal interest rate is 7 percent and the inflation rate is 2 percent. What is the real interest rate? O a. 5 percent O b.9 percent OC.-5 percent O d. 0.50 percentThe expenditures of a typical family on gas, food,and clothing in 2009 and 2010 are given in the table below. Assume quantses are constant trom 2009 to 2010. Expenditures in 2009 (in S) S60 310 80 Category Expenditures in 2010 (in S) Gas 568 Food 341 24 Clothing When the base year is 2009 the value of Consumer Price index (CPI) for year 2010 is (Round your response to wo decimal places) Incorrect: 1 Check answer Clear allQUESTION 3 If nominal interest rate increased by 0.2 percentage points and inflation increased by 0.4 percentage points, then the real interest rate O A. increased by 0.2 percentage points O B. increased by 0.4 percentage points O C. decreased by 0.2 percentage points O D. decreased by 0.4 percentage points
- When economists speak of the CPI bias, they are referring to O A. the tendency for the CPI to overstate price changes. O B. the tendency for government officials to impose their values on the data. O C. errors in measuring the prices used in the CPI. O D. the tendency for the CPI to understate inflation. O E. the tendency for the CPI to understate price changes. Click to select your answer.Which of the following statements is CORRECT? O a. The real interest rate is equal to the nominal interest rate plus inflation rate O b. If the nominal interest rate is 5%, while inflation rate is 3%, then real interest rate is 2% O c. If the inflation rate is unexpectedly high, lenders of money benefit O d. The real interest rate cannot be negativeWhich of the following statements are correct? Select one or more: O a. To find GDP at constant prices we can use the CPl to deflate GDP at current prices O b. Inflation is measured by calculating the cost of a given bundle of goods. c. The basket of goods used to calculate CPI inflation is fixed for long periods O d. Some price indices adjust for the change in the quality of goods over time, as well as the change in prices.