The income of three firms in an economy in 2005, 2006 and 2007 are shown below in million nai YEARS FIRMS 2005 2006 2007 (Nm) (Nm) (Nm) 70 50 80 B 30 40 60 C 20 30 60
Q: In an economy, the real GDP in year 1 (the base year) was $15,000 billion. In year 2, the total…
A: Answer: Nominal GDP represents the market value of goods and services at current year prices,…
Q: Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate…
A: Personal Disposable Income is the difference between personal income and personal income tax.…
Q: In an economy:- National income is $10,000 million and net factor income from abroad is $6700…
A: The information being given to us is as follows:- National Income = $10,000 million Net factor…
Q: Pteblem 22. From the following data, calculate (a) GDP at market price, and (b) National income by…
A:
Q: Consider the following data on U.S. GDP: Year Nominal GDP GDP Deflator (Billions of dollars) (Base…
A: Year Nominal GDP GDP Deflator (Billions of dollars) (Base year 2009) 2016 18,707…
Q: The gross domestic product (GDP) of Country A is $2 trillion in year 1. What value of investment…
A: To solve the GDP we will assume average disposable income and consumption in real$
Q: Gross Domestic Product at FC by expenditure method (Rin crore) (1) Private Final Consumption…
A: there is 2 method of calculating GDP - income and expenditure method by using expenditure method we…
Q: 6. Gross private domestic investment (Ig) vs. net private domestic investment (In)? Gross private…
A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…
Q: The following is production data: Orange Orange Toaster Toaster Waffles Waffles Year (Quantity)…
A: PLEASE FIND THE ANSWER BELOW.
Q: Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88…
A: National income: It is the sum total of the aggregate of the total income that is being earned by…
Q: Consider the following data on prices and production values. The average houschold spend 60% of…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: 20) From the information in the table below, calculate the following statistics. Personal…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Participants Cost of Materials Value of Sales Farmer $0 $100 Cone factory and ice cream-maker…
A: This table shows different participants , different cost of materials and different values of sales…
Q: Give 3 different examples of Other Flows
A: To understand the cyclic or periodic nature of business booms and busts better, economists use the…
Q: Refer to the table (all figures in billions of dollars). The gross dormestic product (GDP) for this…
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in…
Q: Given the following ourput for the economy of Scoob calculate the nominal GDP in 2020 in s. Gismo…
A: Nominal GDP is calculated by multiplying the quantity along with the current prices (or price of the…
Q: Transfer payments Government purchases 32 160 Personal taxes 76 Corporate income taxes Taxes on…
A: Answer -
Q: gross private domestic investment
A: Gross Domestic Product (GDP) depicts the final hoods and services’ values duration a given duration.…
Q: Suppose the following information was published by the Australian Bureau of Statistics in 2017:…
A: Here, according to the given information, one can compare the Australian GDP in 2017 using the…
Q: Economics National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and…
A: * SOLUTION :- Given that ,
Q: 4. The following table shows the economic data for three (3) items manufactured in three (3) years,…
A: Year Quantity Milk Price Milk Quantity Honey Honey Price Quantity Bread Bread Price 2008 100 2 50…
Q: Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88…
A: National income represents or manifests the amount of earnings earned by the residents of a nation…
Q: The production of Mercedes Benz factory in Egypt is calculated with in: O a. Egypt's GNP b.…
A: Gross domestic product of a country is the sum of money value of goods and services produced in a…
Q: Calculate intermediate consumption if value added is $3900 and value of output is $5000
A: The information being given is:- Value added = $3900 million Value of output = $5000 million We have…
Q: Q12. Calculate 'value added By Firm X and Y From the following data ( in lakhs) Items (i) Sales by…
A: for calculating the national income there is lot of method 1) Income method 2) Expenditure method 3)…
Q: Personal Consumption Expenditures $400 Government Purchases 128 Gross Private Domestic Investment 88…
A: Gross domestic product or GDP is the sum of personal consumption expenditure(C), gross private…
Q: efer to the data below: Nominal GDP (in Billions of Dollars) GDP Deflator (Price Index, 2012- 100)…
A: Formula for calculating Real GDP Real GDP = Nominal GDPGDP Deflator
Q: A firm produces and sells a good for $95. To produce this good they purchased materials for $11,…
A: Value added = Value of output - Intermediate consumption
Q: You have the following information: employee compensation $3.5 trillion net interest $1.3 trillion…
A: Use the below formula for the calculation: Net National product= Employee compensation + Net…
Q: which year the income shows a downward trend from the graph. Select one: a. 2016 b. 2018 c.…
A: Time series graph illustrates the data points at a consecutive time period.
Q: 11 Personal Consumption Expenditures $ 400 Government Purchases 128 Gross Private Domestic…
A: The measure that depicts the value of services and goods being produced during a financial year by…
Q: Calculate GNP at MP if:- GDP at MP = $5500 Net factor income from abroad = $2200
A: The data presented in the question above:- GDP at MP = $5500 Net factor income from abroad = $2200…
Q: Level of Output & Income (GDP=DI) Consumption Saving 240 260 -4 280 276 300 292 308 12 324 16 360…
A: Gross domestic product is the value of all final goods and services produced in an economy over a…
Q: Calculate NNP at FC and personal income in the question below. GDP at FC 400 Income from domestic…
A: Use Below formula:NNP at FC = GDPFC-Depreciation +NFIANFIA = Net factor income from abroad
Q: 26. Which of the following sectors are included in the National Income Accounting? a. only firms b.…
A: National income accounting calculates total value of final goods and services produced in the…
Q: Which among the following is creating confusion according to the different authors in the…
A: Transfer payments
Q: 18. Calculate the gross domestic product for the economy with the following data: Indicators Amount…
A: Note:- Hi! Thank you for the question, As per the honor code, we are allowed to answer one question…
Q: A typical resident of the country of Collegia consumes a simple basket of goods, consisting of only…
A: The Consumer Price Index (CPI) is a tool to measure Inflation. It is measured on the basis of the…
Q: Based on the following table Private consumption expenditure (C) Gross private investment…
A: ‘Disposable income’ refers to the money left over from the total income after paying all taxes. It…
Q: Refer to Table 4, The value for GDP in billions of dollars is (CLOS # 3) Table 4 Compensation of…
A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…
Q: 1. The output produced in kilograms of a commodity and the price of this commodity (RO per kilogram)…
A: Real income is the nominal income adjusted for the price change or inflation in the economy.
Q: Siven the Aggregate Expenditure schedule for Country A below. Calculate national income and net…
A: National income is summation of Consumption, Investment, Government expenditure and Net exports.…
Q: Three of the main products produced in Grossmania’s manufacturing sector are leather, laces and…
A: Given,
Q: Suppose firms in Utopia produce only ice cream and chocolate candies. Consider Utopia's production…
A: The market value of goods and services is the Nominal GDP. The inflation adjusted nominal GDP is the…
Q: Assume you bought the following items last year: a new Honda CRV built in Ohio, a used boat, a…
A: Gross domestic product(GDP) refers to the market/monetary value/worth of all the goods &…
Q: 24. Toyota sold a total of $100 billion dollars worth of vehicles in the United States in 2020. In…
A: GDP is the money value of all final goods and services produced in the domestic territory of a…
Q: Calculate the value of income, If consumption is $4000 and APC is 0.13
A: The given information is as follows:- Consumption = $4000 APC = 0.13 We have to calculate income
Q: Year Nas income. index number nominal 2000 1000 100 2001 1500 120 2002 2100 125 From the table above…
A: Given Nominal Income for 3 years
Step by step
Solved in 2 steps with 7 images
- • Marginal Product (from the GRE Economics Test) Which of the following statements about average product and marginal product is correct? (A) If average product is decreasing, marginal product must be less than average product. (B) If average product is increasing, marginal product must be increasing. (C) If marginal product is decreasing, average product must be less than marginal product. (D) If marginal product is increasing, average product must be decreasing. (E) If marginal product is constant over some range, average product must be constant over that range.A newspaper started an online version of its paper 14 years ago. In a recent presentation to stockholders, the lead marketing executive stated, "The revenues for online ads are more than double that of the revenues for printed ads." A. Use the graph below to justify the lead executive's statement. B. Determine the approximate year that the two ad revenues were equal. 4 3 2 Revenue (in millions of dollars) Online ad revenue 6 Printed ad revenue 8 10 12 Year 14Q no 4 a) Calculate simple index numbers? b) Compute chain indices number taking 1990 as base year Average of last four years Year Price (RS) 1989 749 1990 789 1991 727 1992 1034 1993 1050 1994 1065 1995 1080 1996 1100
- Use the following table to find percentage changes in the cost of living (COL) from 2020 to 2021: Year Housing ($) Transportation ($) 2020 10,000 2021 10,500 2022 11,000 0.71% 7.09% 79% O 70.9% 1,200 1,350 1,400 Food ($) 1,500 1,750 1,800 COL ($) Change(%) N/AFloorArea (Sq.Ft.) Offices Entrances Age AssessedValue ($'000) 4790 4 2 8 1796 4720 3 2 12 1544 5940 4 2 2 2094 5720 4 2 34 1968 3660 3 2 38 1567 5000 4 2 31 1878 2990 2 1 19 949 2610 2 1 48 910 5650 4 2 42 1774 3570 2 1 4 1187 2930 3 2 15 1113 1280 2 1 31 671 4880 3 2 42 1678 1620 1 2 35 710 1820 2 1 17 678 4530 2 2 5 1585 2570 2 1 13 842 4690 2 2 45 1539 1280 1 1 45 433 4100 3 1 27 1268 3530 2 2 41 1251 3660 2 2 33 1094 1110 1 2 50 638 2670 2 2 39 999 1100 1 1 20 653 5810 4 3 17 1914 2560 2 2 24 772 2340 3 1 5 890 3690 2 2 15 1282 3580 3 2 27 1264 3610 2 1 8 1162 3960 3 2 17 1447 What is the final model if we only use FloorArea and Offices as predictors?Business Maths Question e) Jane is saleswoman employed to sell TV sets on a salary and commission basis. Her fixed monthly salary is 12,500/-. In an addition she receive 5% commission on the first 50,000/- sales and 12.5% on the sales in excess of 50,000/-. During the month of January last year, her total earning amounted to 27,000/-. How many TV sets did she sell if each set costs 7300/-?
- Number of workers Total products Marginal product Fixed cost variable cost Marginal cost 0 0 $100 $0 1 900 $100 $100 2 1900 $100 $200 3 2400 $100 $300 (A) The highest productivity level (AP) of worker is achieved at which number of worker? Prove your opinion WIth calculation. (B) At each number of workers, calculate the marginal product (MP) and determined at which level of worker does diminishing marginal product begin? (C) Calculate the total cost used to produce 2400 units of Good Y. (D) Calculate the marginal cost (MC) at each level of worker Leave answers in 2 decimal place.UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2Hw3 csv' data file (image) attached below
- (c) In a city, the consumer price index in 2015, 2016, and 2017 were 100, 108.5, and 113.5 respectively. Find the percentage change of price from 2016 to 2017.Trombly Fabrication has three production facilities located in the state, each producing the same basic mix of products. Facility 1 was the original plant and the only one for several years. Facilities 2 and 3 were added recently to handle the increased volume. Data for the three facilities on output and the three primary inputs for the most recent period follow: Value of product produced Materials cost Labor cost Overhead Facility Facility 1 Facility 2 Facility 3 Facility 1 $ 545,698 223,000 92,820 100,980 Required: a. Compute the total factor productivity for the three production facilities. Note: Round your answers to 2 decimal places. Total Factor Productivity Facility 2 $ 283,108 138,400 40, 100 81,900 Facility 3 $ 242,432 123,700 36,200 71,900Q6The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2008. Prices and Quantities Year Price of Cereal Quantity of Price of Milk Quantity of Milk Cereal 2008 $4.00 90 $1.50 150 2009 $4.00 100 $2.00 180 2010 $5.00 120 $2.50 200 2011 $6.00 150 $3.50 200 Refer to Table 10-4. In 2008, this country's a. nominal GDP was greater than real GDP, and the GDP deflator was greater than 100. b. nominal GDP was equal to real GDP, and the GDP deflator was equal to 1. c. nominal GDP was less than real GDP, and the GDP deflator was less than 100. d. nominal GDP was equal to real GDP, and the GDP deflator was equal to 100,