18) Suppose that in our economy: G 1100, T = 900, S 140, and NX = -90. How much of our final GDP is left fordomestic firms to purchase for themselves?A) 110B) 50C) 200D) 30E) 23019) Which of the following is a possible consequence of a worsening budget deficit?A) increased private savingC) decreased domestic investmentB) decreased foreign investmentD) all of the above20) If a the government of Country Z is running a budget deficit and net exports are zero, thenA) investment and saving are equal.C) investment is greater than saving.B) saving is greater than investment.D) none of the above.21) The term "twin deficits" refers toA) exports and imports deficits.C) saving and investment deficits.B) government budget and trade deficits.D) production and expenditure deficit.

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Answered: 18) Suppose that in our economy: G…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Definition of economic costs Hubert lives in Houston and runs a business that sells guitars. In an average year, he receives $722,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. He owns his showroom; if he chooses to rent it out, he will receive $1,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Hubert does not operate this guitar business, he can work as an accountant, receive an annual salary of $42,000 with no additional monetary costs, and rent out his showroom at the $1,000 per year rate. No other costs are incurred in running this guitar business. Identify each of Hubert’s costs in the following table as either an implicit cost or an explicit cost of selling guitars. Implicit Cost Explicit Cost The rental income Hubert could receive if he chose to rent out his showroom The…
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Question: Suppose that the marginal cost of extracting a non-renewable natural resource is MXC(Q) = 10 and the marginal beneÖt of using the resource are MB(Q) = 90Q. In the context of a static model, address the following question: Calculate the efficient value of Q if the total stock of the natural resource is Q = 50: Provide a graphical representation of the solution. My Note: This is my first time resubmitting, I was told to confirm that MXC(Q) =10 is the correct form of the Marginal cost of extraction to answer this question correctly. I'm not sure but this is the way my professor asked his question.
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18) Suppose that in our economy: G 1100, T 900, S 140, and NX = -90. How much of our final GDP Is left for domestic firms to purchase for themselves? A) 110 B) 50 C) 200 D) 30 E) 230