KSuppose an economy has four sectors: Mining, Lumber, Energy, and Transportation. Mining sells 15% of its output to Lumber,60% to Energy, and retains the rest. Lumber sells 5% of its output to Mining, 50% to Energy, 20% to Transportation, and retainsthe rest. Energy sells 20% of its output to Mining, 15% to Lumber, 25% to Transportation, and retains the rest. Transportationsells 10% of its output to Mining, 20% to Lumber, 50% to Energy, and retains the rest.a. Construct the exchange table for this economy.b. Find a set of equilibrium prices for this economy.a. Complete the exchange table belowDistribution of Output from:Mining Lumber Energy TransportationPurchased by:MiningLumberEnergyTransportation(Type integers or decimals.)b. Denote the prices (that is, dollar values) of the total annual outputs of the Mining, Lumber, Energy, and Transportation sectorsby PM. PL. PE. and PT, respectivelyIf pr = $100, then PM = $ PL = 9(Round to the nearest dollar as needed.)and PE

a. In the exchange table, we are asked to calculate the distribution of output from each sector to…

Answered: K Suppose an economy has four sectors:…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question 13 Which one of the following is an example of the economic activity of consumption? An automobile rolls off an assembly line. Sandra wins the lottery. O Hector enjoys watching a sunset. O A new law is passed to improve air quality.
Activity 2 Statistics Reading The most major economic problem of our country today is the reduction of the GDP caused by the pandemic together with the other forces of the market and economic problem as seen in the data below. Give your analysis and the ways you can think of to improve our economy? 10 6.6 6.5 6.2 -0.7 -5 -1 -11.5 -1 -16.9 -2 Jan 2018 Jul 2018 Jan 2019 Jul 2019 Jan 2020 Jul 2020 SOURCE: TRADINOECONOMCS.COM NATIONAL STATISTICS OFFICE OF PHILIPPINES 1.What can you interpret about the GDP of the Philippines based on the Chart? 2. What are the reasons of the decline in the GDP of our Country? List some concrete evidences based on certain article or news. 3. What do you think would happen in the GDP of the Philippines in the year 2022? List some of your views based on economic principles. ||
Suppose a silver miner finds a silver nugget and sells the nugget to a mining company for $200. The mining company melts down the silver, purifies it, and sells it to a jewelry maker for $800. The jewelry maker fashions the silver into a necklace that it sells to a department store for $1,000. Finally, the department store sells the necklace to a customer for $1,500. The value added by the silver miner is $ The value added by the mining company is $ The value added by the jewelry maker is $ The value added by the department store is $ The total contribution to GDP is $ Enter whole numbers with no commas or dollar signs. ASUS
The total production made by the major industries of a country comprises the country's a. Gross output O b. Net domestic product O c. Net income O d. Gross domestic product
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answer 3rd and 4th
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1. Of the major costs of a typical family, which do you think differ most by geography and account for these purchasing power differences? (e.g. home prices/rents much higher in certain states (California, New York) compared to others (Mississippi))
You Answered Suppose that the economy is made up of a single firm, which pays $300rin interest payments, pays $300 in its labour costs, and pays $2,000 in rental costs for its building. The rest of its revenues are paid out to the owners of this firm. Correct Answer This firm also produces $10,000 of its final product, selling $7,000 to domestic consumers, keeping $2,000 to replenish its inventories, and selling the rest abroad. In this little economy, using the Income Approach, what is the total amount of Business Profits? Note: Round your answers to two decimal places. 8,700 9.400 margin of error +/-0.1
Suppose that United States produces 10,000,000 barrels of oil and 1,000 bushels of wheat each week. Suppose that China produces 14329 barrels 14329 barrels of oil and 14329 bushels 14329 bushels of wheat each week. In autarky, what is the largest amount of wheat United States can consume every week? amount of wheat per week:___________ bushels What does the term autarky refer to? a. a major argument against globalization b. a situation where one country does not engage in trade with other c. countries d. the process of negotiating terms of trade between two countries e. government policies meant to reduce international trade
Please all answer me
CS 16 Economics suppose that the GDP of california increases by 8.0% each year. how long will it take for the GDP of California to double? round your answer to one digit after the decimal. _______years suppose that the gdp of oregon today is exactly twice what it was 32 years ago. what was the average annual growth for oregon over this time period? round your answer to one digit after the decimal. _____________% each year.

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