Question 1 (Activity 7.1) You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Depreciation 120 Imports 700 Net interest 75 Exports 300 Proprietors income 300 Calculate UWI Land's GDP using (1) the Income and (2) the Expenditure Approach
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- Question 1 (Activity 7.1) You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Imports 700 Exports 300 Depreciation 120 Net interest 75 Proprietors income 300 Calculate UWI Land's GDP using (1) the Income and (2) the Expenditure Approach■CASE STUDY THE PROPERTY MANAGER AS ECONOMIST-PLANNER After graduating from college with honors and a master's degree in eco- nomics, Charles Gill was hired by the local urban renewal authority in his home town of approximately 500,000 people. His responsibilities were in the areas of statistics, financial planning, and research. When activities of the urban renewal authority began to wind down upon completion of a major downtown redevelopment project, one of the directors, a businessman who had acquired some real estate investment property, hired Charles to manage one of his residential rental properties. The area's economy had slowed with the general downturn that occurred throughout the country and severely depressed the price of real estate in many areas, including property in Charles's town. In addition, a local defense factory had closed, leaving hundreds out of work. Charles saw there were suddenly many properties available that were priced far less than they had sold for just a…Measuring Economic Performance (chapter 11) 1. Would it be possible for an increase in taxation to decrease the gross domestic product measured in the U.S.? Why or why not? please take your time sir answer nicely with explaining thanks
- Question 1 (AV7.1) You have been employed as the chief economist for the economy SKL Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Depreciation 120 Imports 700 Net interest 75 Exports 300 Proprietors income 300 Calculate SKL Land’s GDP using (1) the Income and (2) the Expenditure Approachi am having trouble with this question microeconmics chapter 5 question 2Hours 0 1 23 4 5 Hours 0 1 2 3 4 Quantity of Fish (Pounds) 0 5 10 Complete the following table with the marginal product of each hour spent fishing. Quantity of Fish Marginal Product (Pounds) (Pounds) 19 25 27 28 0 10 19 25 27 28 AAAAA
- The table below is extracted from Happy land Republic, Bureau of Statistics recordsfor 2018-2019. Use the information in this table to answer the questions that follow.Item Base year (2015) 2016Production Price Production PriceUsed car sales 5,000 2000.00 6,000 2,500Factory components sales 8,000 500.00 10,000 1200.00Cloth sales 8,000 20.00 14,000 35.00Beef sales 1,500 10.00 1,800 12.00Milk litres sales 5,000 1.30 6,000 2.50Computers sales 2000 500.00 2500 800.00Printers sales 500 300.00 400 355.00Raw materials for tractorassembling plant sales 4500 250.00 4450 300. i. Calculate Happy Land Republic’s nominal GDP and real GDP in 2016ii. Why does real GDP always defer from nominal GDP?Question 1 You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Depreciation 120 Imports 700 Net interest 75 Exports 300 Proprietors income 300 Calculate UWI Land’s GDP using (1) the Income and (2) the Expenditure ApproachA B C E K L M N A common perception is that airline profits are strongly correlated with the price of oil. The Following are annual net incomes of American Airlines together with the approximate price of oil in the period 2005-2010: 3 a. Populate the table American Net Income (S million) (y) Barrel Oil ($) Year ху (x) 4. 5. 1 2005 56 -850 6 2006 63 250 7. 3 2007 67 450 8. 4 2008 92 -2100 2009 54 -1450 10 6. 2010 71 -700 11 12 13 14 b. What is Ex? 15 16 c. What is Ey 17 18 d. What is n? 19 20 e. What is Exy 21 22 £. What is (Ex²) 23 24 g. What is (Ex) 25 26 h. Obtain a regression line (obtain the coefficients) showing American's net income as a function of the price of oil 27 28 29 30 31 32 i. Obtain the coefficient of correlation r 33 34 35 Use the data analysis tool in Excel to obtain the coefficients in part 1(h). Copy and Paste your regression output 37 below. 36 38 39
- PROBLEM #2 A farmer grows strawberries, and sells the strawberries to local farm-to-table restaurants and bakeries. The equipment and machinery used to farm the strawberries includes tractors, planters, and sprayers. The farmer has gathered data over the past two years and has found that, for the amount of physical capital currently owned, the general relationship between the number of farm workers (L), and the quantity of strawberries produced per acre (measured in pounds), is represented by the following data: L Q MPL APL 1 900 2 3,400 5,610 4 7,400 5 9,100 6 10,050 7 10,640 8 11,000 a. Complete the table above by finding the marginal product (MPL) and average product (APL) of labor for each level of labor. b. Determine the level of labor at which diminishing marginal returns set in. c. Determine the level of labor at which diminishing average productivity sets in; that is, at what level of labor does average labor productivity begin to fall compared to the previous level of labor?…Time Total Problems Answered 8:00 AM 9:00 AM 40 10:00 AM 70 11:00 AM 90 Noon 100 Use the table to answer the following questions. The marginal, or additional, gain from Manuel's first hour of work, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Manuel's third hour of work, from 10:00 AM to 11:00 AM, is problems. Later, the teaching assistant in Manuel's physics course gives him some advice. "Based on past experience," the teaching assistant says, "working on 25 problems raises a student's exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading. Given this information, in order to use his 4 hours of study time to get the best exam score possible, how many hours should he have spent working on problems, and how many should he have spent reading? O 1 hour working on problems, 3 hours reading O 2 hours working on problems, 2 hours reading O 3 hours…Prepare a SWOT analysis using the details below. Maria is planning to open up a Cafeteria near her house. She closed her previousCafeteria few months ago because the rental keeps getting higher and the income is decliningbecause of the COVID19 pandemic. It came up to her the idea to open again since a lot ofpeople are asking for online delivery of their favorite snacks offered in her shop since most ofthe people would stay at home and would prefer food delivered in their doorsteps. Since sheowned a vacant lot near her house, and she thought that re-opening her shop in that locationwould be a great idea and she will not pay rentals anymore. And her Café Services will stillcontinue but with the added services like the Food Panda does.