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- Real Consumption westion 1 The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area 2. at yet swered rked out of Economy B 2% growth Area 2 Flag question Еconomy A 1% growth Area 1 Year X Year Y Time FIGURE 25-1 Refer to Figure 25-1. Which of the following statements about Economies A and B is correct? Select one: O a. Economy B will sustain higher material living standards than Economy A in the long run. O b. Economies A and B will have equal material living standards beginning at Year Y. O C. Economies A and B will have equal material living standards beginning at Year 0. O d. Economy A will sustain higher material living standards than Economy B in the long run. O e. Economies A and B will have equal material living standards beginning at Year X. In a macro model with a constant nrice levelan increase in government nurchases will cause the AF curve to shift E 2°C Light rain/snow 13:01 on 2 C )…Microsoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…K An economy is based on three sectors, agriculture, manufacturing, and energy. Production of a dollar's worth of agriculture requires inputs of $0.30 from agriculture, $0.30 from manufacturing, and $0.30 from energy. Production of a dollar's worth of manufacturing requires inputs of $0.30 from agriculture, $0.20 from manufacturing, and $0.20 from energy. Production of a dollar's worth of energy requires inputs of $0.20 from agriculture, $0.30 from manufacturing, and $0.30 from energy. Find the output for each sector that is needed to satisfy a final demand of $31 billion for agriculture, $50 billion for manufacturing, and $12 billion for energy. The output of the agricultural sector is billion dollars. (Round the final answer to three decimal places as needed. Round all intermediate values to six decimal places as needed.)
- This is not writing assignment, But its a homework given by my school. Pls answer all parts of this question in simple words. a.) How will COVID impact China’s GDP and consumption? b.) How did COVID affect manufacturing production, especially in China? c.) How would this affect the global economy and balance of trade?QUESTION 19 In the Romer model, if an economy allocates all of its labor to ideas, it will A. reduce the capital stock. B. not generate any output for consumption. OC. increase the number of ideas it generates. O D.reduce the number of ideas it generates. OE. reduce output. D G H. B M Alt Control Alt 無變換A good example of a policy to increase an economy's saving rate is_ a. to reduce poverty O b. to reduce interest rates O c. to increase government spending © d. to increase sales taxes e. to increase the economic growth rate
- worn out in the production process. ment Now IzMe: Section 2.7 uge your comprehension of this section. To begin, please click the wnward arrow located at the top right of this box. Assignment Score: 0.00% Submit Assignment for Grading Save ns tu2et10h_Ch02_Sec07.02m « Question 2 of 3 » Check My Work Three different economies have made choices about the production of capital goods. Which of the following is most likely to produce the greatest growth in the production possibilities curve (PPC)? O a. Less production of capital goods than what is needed to replace worn-out capital. Ob. Capital goods produced at the exact rate needed to replace worn-out capital. c. More production of consumption goods that replace worn-out capital. O d. Greater production of capital goods than what is needed to replace worn-out capital. MacBook Air DD F6 EZ F8 F9 F10 F11 F12 & * 6 7 8 { P + 000An economy consists of coal, electric, and steel industries. For each $1.00 of output, the coal industry needs $0.03 worth of coal, 50,30 worth of electricity and $0.30 worth of steat the electric industry needs $0.03 worth of coal, $0.04 worth of electricity, and $0.04 worth of steel; and the steel industry needs $0.20 worth of coal and $0.01 worth of steel. The sales demand is estimated to be $2 bilion for coal, $2 billion for electricity, and $3 billion for steel. Suppose that the demand for electricity triples and the demand for coal doubles, whereas the demand for steel increases by only 50%. At what levels should the various industries produce in order to satisfy the new demand? Set up the input-output matrix. Coal Electric Steel Coal Electric Steeldont chatgpt i will 5 upvotes Which of the following economic news items suggests a less favourable environment for investment? Select one1: A. Rising interest rates B. The Government lowers personal income tax C. GDP growth has increased D. All of the conditions suggests a less favourable environment for investment E. All of the conditions suggests a more favourable environment for investment
- Consider the scenario in the table below for two economies, Economy D and Economy E. Note that the two economies are identical in every aspect except for the saving (or investment) rate s. Ko No ak 0.3 0.3 n d Economy D Economy E 10 1 0.25 0.1 10 1 0.15 0.1 The GDP of economy D in period 10 (i.e., Y10) is equal to_ (Round your answers to 1 decimal point.)LAS SAS SASg LAS SAS SAS Real GDP Figure A Real GDP Figure & LAS LAS SAS SAS1 LAS SASO SAS kwel GOP keal GDP Figure C வா 8 In the above figure which part corresponds to a destruction of part of the nation s capital stock? Select one. e. Figure D Ob Figure C Oc Figure B Od Figure AThe growth of potential GDP slowed folowing the recession of 2007-2009. Use he data in the following tablo disouss how movement in potential GOP can beolined by te anlyin chapter. Investment as a Annual Growth in Percentage of GDP Labor Year Productivity 2006 2007 194% 0.9% 18.3 1.6 2008 2009 16.5 13.0 0.8 32 2010 2011 14.1 33 14.4 01 0.9 0.3 15.6 2012 2013 16.2 16.7 2014 1.0 1.2 0.0 2015 17.1 2016 16.4 BIUS IEI 3 IE E 3 I x, x Insert Formula
