What will be the impact of Covid 19 on global economy and local economic system? Explain.

Q: Q4: British Columbia (BC) produces lumber and films. Show the impact of each of the following events…

A: Hello, Thank you for the question. Since there are multiple subpart questions posted here, only the…

Q: What are the effects of global economy? Factors affecting global economy

A: The "global economy" is described as a term in which worldwide economic activities are…

Q: effects of technology on the economy

A: In economics aspects, it is broadly acknowledged that innovation/technologies is the vital driver of…

Q: briefly chart through the global consumer economy from the production of its materials to its…

A: Global Consumer Economy : The consumer economy is an economy that shows consumer spendings as the…

Q: What is the equilibrium level of output (Y) in this economy? Planned Government Net Exports…

A: In the Keynesian model, also called  expenditure-output model,  demand plays a significant role in…

Q: Birefly explain the difference between absolute and relative PPP.

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Which statement best describes the circular flow of an economy? the flow between businesses and…

A: In economics, it can be seen that people interact with one another for making business, economic or…

Q: For each of the following products state if it is a final or intermediate good and explain why? A…

A: Intermediate goods: - Intermediate goods are those goods that are used in the production of other…

Q: 25. COVID has badly affected the world economies. Most of the countries are reporting a significant…

A: Microeconomics:-  Microeconomics is that part of economics which is concerned with the behavior of…

Q: TRUE or FALSE. The household sector can outbid the office sector & manufacturing sector in areas…

A: The household sector is the sector that includes the population that satisfies their needs and wants…

Q: Do you think that the COVID-19 has a Microeconomic impact on the US Economy"? if yest or no what is…

A: Microeconomic impact would mean impact on individual units, be it households or a firm.  Given that…

Q: Category Expenditure (in billions of 2020 Q2 NZ Dollars) Household final consumption 40.3…

A: Savings are important source of funds required for investment in the economy and thus for the growth…

Q: Explain how each of the following will affect the consumption and saving schedules (as they relate…

A: Consumption Schedule  The consumption schedule implies the relationship between current disposable…

Q: 1998 Gross Domestic Product Answer (Remember to show work): 2028 Personal Consumption Expenditures…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: One of the following best explains consumption spending Select one: a. Spending on final consumer…

A: Consumer spending is the total amount spent on storage goods and services made by individuals and…

Q: Draw a circular flow diagrm. Identify the parts of model that corresponds to flow of goods and…

A: The circular-flow diagram (or circular-flow model) is a graphical representation of the movement of…

Q: Given the model for the Mary Island economy calculate the equilibrium level of income.  C = 100 +…

A: Given,

Q: Assume a three-sector economy where: Y= C+I+G, C=C0 + bY, and I=I0= 83; G=G0 =27. Assume further…

A: In three sector economy, equilibrium occurs at Y = C + I + G. ------- Where C is the consumption…

Q: Government spending increases from G1 to G2. Which of the following diagrams best represent the…

A: Picture A is the correct one. If  Y=C+G. C=Y-G with h-l = 24 hrs or labor =0, Y=0, C=-G

Q: List the four participants who influence the flows of production, income and expenditure in an…

A: The following are four participants who have an impact on the flow of production, income, and…

Q: Draw a circular flow diagram. Determine the parts of the model that correspond to the flow of goods…

A: Hi! thanks for the question but as per the guidelines we can only answer three parts of a question…

Q: Category Expenditure (in billions of 2020 Q2 NZ Dollars) Household final consumption 40.3…

A: Total investment has two components: Depreciation, that is the expenditure on capital replacement,…

Q: State the three possible relationships between production, income and spending in macroeconomic…

A: The connection between production, income and spending is frequently called a utilization plan. It…

Q: The following diagram presents a circular flow model of a simple economy. The outer set of arrows…

A: A circular flow diagram shows the flow of goods and services between different sectors of an…

Q: An economy consists of three industries: an agricultural industry, a mining industry, and a…

A: An economy consists of three industries: an agricultural industry, a mining industry, and a…

Q: consume

A: The question concern the paradox of thrift. If all the people of the economy increase the proportion…

Q: Discuss any four variables in the macro‐environment you believe to have the most impact on the CBD…

A: The environment in which a set of conditions tend to exist for the economy as a whole is known as…

Q: The Clark-Fisher model explains the significant shift within the economy over time by emphasizing:…

A: The Clark Fisher Model demonstrates how the importance of various sectors varies across countries,…

Q: The economy can be represented by economic models. One of the models we use to understand the…

A: 1) Circular flow diagram is a model which represents the flow of money and good and services from…

Q: explain intertemporal coice

A: The study of economics deals how resources are allocated so that most of the human needs are taken…

Q: The circular flow model explains how consumers and producers interact in an economy.

A: The two-sector circular flow model explains how the firms and the households interact with each…

Q: Q. 4 The Services sector has been steadily rising in relative importance in GDP of the United…

A: Service can be understood as the intangible benefits received by the firms or individuals. The…

Q: Discuss one macro economics effect of covid 19 and what are the proposed solutions to address this…

A: The impact of COVID 19 on the economy had been pretty disruptive with respect to the loss of human…

Q: what is the impact of covid-19 on china economy?

A: The COVID-19 pandemic, or the Coronavirus pandemic, is an ongoing global health crisis of…

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows…

A: The household sector needs goods & services for usage, therefore they attribute to the…

Q: Susan gets a car for $50,000 in Melbourne in 2021. How will this transaction be accounted in…

A: GDP refers to the final value of final goods and services that are created within the country.

Q: Malaysia’s import and export activities have been reduced due to some form of lockdown implemented…

A: COVID 19 pandemic has impacted each and every country and

Q: Explain the relationship of Covid-19 pandemic to the declining economy of the Philippines.

A: The economy of Philippines is expected to fall by -7.3% because of the covid pandemic in the year…

Q: How important are the TNCs/MNCs in the global economy?

A: The corporations or firms that tend to carry out their activities of production, distribution, and…

Q: What is this business cycle all about in Macroeconomics? 1. Consumers/households 2.…

A: The term business cycle, often known as the boom-bust cycle or economic cycle, refers to…

Q: How COVID-19 Has Affected the U.S. Economy?

A: COVID-19 has impacted the world economy drastically, not even a single nation could be escaped from…

Q: #9   Gross Private Domestic Investment $ 46 Exports of the U.S. 9 Disposable Income 190 Personal…

A: Personal Income: All revenue received by all individuals or families in a very country is remarked…