ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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the logistic equation y=9200/(1+8.03x^-0.121t) models the
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- You are employed by the state bureau of economic development. There is a demand for a leading economic index to review past economic activity and to forecast future economic trends in the state. You decide that several key factors should be included in the index: number of new businesses started during the year, number of business failures, state income tax receipts, college enrollment, and the state sales tax receipts. Here are the data for 2000 and 2018. New businesses Business failures State income tax receipts ($ millions) College student enrollment State sales tax ($ millions) Click here for the Excel Data File Leading economic indicator The weights you assign are: new businesses 17%, business failures 10%, income tax 34%, enrollment 14% and sales tax 25%. b. Compute the leading economic indicator for 2018. (Round your answer to 2 decimal places.) 2000 1,125 592 196.2 242,159 46.1 Economic activity has 2018 1,059 286 178.8 291,079 66.7 c. Interpret the indexes. (Round your answer…arrow_forwardCalculate GDP deflator from the following table: Year Nominal GDP Real GDP 2000 8952 8952 2001 9200 9050 2002 10,000 9500 2003 10,030 9330 2004 11,100 10,000arrow_forwardProvide a brief and seperate explanation of the trends shown in the graphs attached.arrow_forward
- No written by hand solutionarrow_forwardUnder each of the titles in the table, AROC, ROC, AROC of ROC, 2nd ROC write the correct units for that calculation at the top of the column of values. Use the information from the two columns ROC and 2nd ROC in the table to answer the following questions about the population of people in Boise over the last 110 years.arrow_forwardquestion 8 macroneconarrow_forward
- We Suppose U.S. nominal GDP increases from one year to the next year. conclude that U.S. production of goods and services has increased because: Prices have decreased from one year to the next Prices have increased as well from one year to the next We do not know whether prices have changed from one year to the next The best measure for determining growth in output between two periods is real GDParrow_forwardFind the attached file.arrow_forwardThe GDP of South Africa in 1950 was 77,836.88 million dollars. In 2019 it was 748,861 million dollars. What has been the annualized growth rate of GDP for South Africa during the period 1950 to 2019? Use growth compounding to calculate the number and write the answer in percent terms with up to two decimals (e.g., 10.22 for 10.22%, or 2.33 for 2.33%).arrow_forward
- Statistics Denmark monitors the development of economic variables and measures e.g. productivity development.In general, it is one of the laws of economics that employee productivity determines the ability of employers to pay employees wages. The higher the productivity (per capita output), the higher the wages that can be paid. In a recession, such as Covid, companies are generally reducing their use of labor. The latest statistics show the following: In the third quarter of 2020, labor productivity growth in Denmark was 2%. This increase alone does not say much, but is considered to be able to reflect an increase in productivity following a contraction in labor input. a. Show the relationship between production and labor use in the short term and at the same time explain with a picture what can cause the growth of productivity. b. What is happening to marginal production at the same time? c. Show how wages develop if companies keep marginal costs fixed in the above circumstances…arrow_forwardThe accompanying table shows a portion of quarterly data for real personal consumption (Consumption in $) and real personal disposable income (Income in $) for the years 2000-2019. Date Q1,2000 Q2, 2000 A Q4,2019 Consumption 8520.71 8603.01 ⠀ 13411.94 Income 9338.68 9441.95 1 15100.13 pictureClick here for the Excel Data File a. Construct a scatterplot of Consumption against Income. Given the scatterplot, which statement best describes the relationship between Consumption and Income? O Consumption and Income have a positive relationship. O Consumption and Income have a negative relationship. O Consumption and Income have no relationship. O Consumption and Income have a U-shaped (nonlinear) relationship.arrow_forwardHDI vs GNI formula to create scatterplotarrow_forward
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