Fill in the Blanks with the options provided. (1) Output is obtained by aggregating the amounts sold, bartered or transferred to other institutional units, plus ____________________.  The current accounts record the production of goods and services, the use of incomes for purposes of

Q: What are the factors, why volume of production of rice in Central Luzon (Philippines) decreased in…

A: Production:  Production is an activity that uses labor, capital, and goods and services as inputs to…

Q: Investment in human capital is beneficial in the short run but investment in physical capital is…

A: C. False, True

Q: Describe all the circular flows of using the relevant diagram.

A: The economic model depicting the circular movement of money between firms/producers and households…

Q: Fill in the blank using the number that corresponds to the correct word or phrase:

A: Gross Domestic Product (GDP) is defined as the value of all final goods and services produced in an…

Q: 2. The economy in Country X is in a recession, with real gross domestic product (GDP) $100 billion…

A: The government expenditure multiplier is a measure of how much a change in government spending…

Q: In the flow of capital (M -> C -> M'), who owns the value of M'?

A: Karl Marx is associated with the concept of circuit of capital. According to Marx, capital is a…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Step 1:The study of the spatial distribution of economic activities and how they are influenced by…

Q: a. Suppose that businesses buy a total of $140 billion of the four resources (labor, land, capital,…

A: The circular flow of income is an economic model that represents economic transactions in a market…

Q: Instructions: Enter your answers as a whole number. a. Suppose that businesses buy a total of $140…

A: A) As per the inquiry, the given graph speaks to the two-area model of the economy with the business…

Q: ·         How economists are both scientists and…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life…

A: Given Information: Life expectancy(LEV) =67 years Adult Literacy= 68% Gross enrolment = 50% GNI pc=…

Q: U.S. real GDP is significantly higher than it was 60 years ago . What does this imply ( if anything…

A: GDP refers to the value of all final goods and services produced in an economy over a given period…

Q: Question:As interest rate decreases, what happens to the quantity of loanable funds demanded? a.…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: ·         How economists are both scientists and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: None

A: Agriculture SectorWe know the production requirements for agriculture:Production requires inputs of…

Q: The use of GDP per head as an indicator of the standard of living and its problems e.g., inequality…

A: The value associated with all the final goods and services produced in an economy over a period is…

Q: What are the three important macroeconomic goals about which most economists, and society at large,…

A: Macroeconomics: It relates to the whole economy.

Q: It is most practical to raise GDP per capita in the short term and with almost full employment by:…

A: When everyone is able to obtain job at the going rate of pay, this is considered to be full…

Q: The most important determinant of a country's standard of living is     A.) Labor supply     B.)…

A: Standard of living refers to the accessibility of quality goods and services to the people living in…

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Course Search My Media Manual Login Student Help Q: Determine which figure below represents the…

A: The given graphs represent Price level on y-axis and Real GDP on the x-axis.The downward sloping…

Q: Firms raise capital by: Select one: a. Selling stock (equity) b. Issuing bonds or taking out loans…

A: A Firm can raise capital by several methods.

Q: There are positive and negative consequences to using real GDP per capita in an analysis.…

A: The value of all goods and services generated by an economy in a given year (expressed in base-year…

Q: 28. Country A has a GDP-per-capita of $500, and Country B has a GDP-per-capita of $75,000. Which of…

A: Exception is “Country B has lower productivity” Higher GDP per capital denotes higher standards of…

Q: Which of the following The labor used to UGGs sold online O Advertisements fo The utility or enjoy

A: Factors of production refer to inputs used in the process of production of output.  There are four…

Q: The three main factors of production are and

A: The three main factors of the production are Land, Labour and Capital

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: To easily understand the concept, you should consider the value-added as the price of work taken by…

Q: Choose the best answers using the circular flow model. Households provide the resource market…

A: The circular flow model depicts the financial exchanges that occur in the economy between various…

Q: Which one of the following statements is correct?Select one:A.Financial investment directly creates…

A: The objective of the question is to identify the correct statement among the given options related…

Q: , capital, natural resources, Look at the image below and give desrciption of your understanding of…

A: In the given diagram, there are two economic agents in the economy: Household: Owner of factors of…

Q: Suppose that a painter uses 3 pieces of canvas valued at $50 each and paint valued at $150 total.…

A: Cost on Canvas = $50 per unit Quantity of Canvas = 3 Cost on paint =  $150 Paintings worth = $200…

Q: what is the value of production in dollars (aka, Josel's income or value of production)? Explain…

A: In this case, we have to discuss the term value of production. Value of production means total…

Q: Today, the Service Sector(s) are the most important elements in the Global Economy, but unpacking…

A: Although the service sector is currently the most important part of the global economy, there are…

Q: The statement that correctly describes the capital goods is __________. a. Labor power used for…

A: Labor power is the labor input injected to produce goods and services. Goods and services that are…

Q: The economy can be represented by economic models. One of the models we use to understand the…

A: 1) Circular flow diagram is a model which represents the flow of money and good and services from…

Q: Which situation would most likely cause a nation's possiblitiy curve to shift inward? A. Investing…

A: The production possibility curve shows the maximum output combinations of two goods that can be…

Q: Question 6 Productivity is defined as the quantity of A labor required to produce a nation's GDP.…

A: Gross Domestic Product (GDP) refers to the value of final goods and services produced with in the…

Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…

A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…

Q: None

A: Here's why the other options are less likely:Increased savings rates among households: While some…

Q: Write a sentence or two defining the following terms in your own words. Give examples of each. a.…

A: A) planned system - this is an economic system where government plans production, allocation and…

Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Instructions: Round your responses to the nearest dollar. a. How much more. output does the $3.900…

A: Macroeconomic monitoring will remain critical since it determines the economy's final expansion path…