In evaluating the present value of cultivable land, some economists include the present value of the future stream of net income obtained from farming the land. Is this conceptually correct? Explain.

Q: urbanization?

A: Urbanization is a process through which a rural economy develops and becomes an urban area or the…

Q: Classify the following individuals according to the types of incomes they receive in the following…

A: Since you have asked a multiple-part question, we will solve the first three questions for you. If…

Q: What are the single - use goods and the durable goods in economics with examples

A: In simple words economic services or the goods are those goods which are initially produced by the…

Q: based on the graph, describe the trend in electricity production from wind between 2009 and 2019. 2)…

A:

Q: Impact Inc. is an economic consulting firm that prepares economic impact reports for cities and for…

A: Economic impact of event  is the creation of business or financial outcome in consequences. It can…

Q: Why does the value of output always equal the income received by resources that produced the output?

A: Output – it the total amount of commodities or services produced in a particular time period. It…

Q: Draw a circular flow diagram. Determine the parts of the model that correspond to the flow of goods…

A: The circular flow diagram indicates the flow of money as well as the flow of goods and services…

Q: What is the issue about  Economics (Domestic Resources)? Give a narrative

A: Economics as a study is considered to be a very vast area of study. This involves the decision…

Q: What are the primary factors of production (FOP) and how do they drive economic output and factors…

A: The factors of production (FOP) are all the resources that are required to produce products and…

Q: C=150 + 0.65 y 1=120 G= 80 1- Equilibrium level of income 2- Consumption 3- Saving

A: In the Equilibrium Y = C+I+G ( National Income identity)

Q: Differentiate among the basic measures of urbanization.

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: What is an example of an underground economy?

A: The underground economy is a situation where economic activities are unreported in order to escape…

Q: 7. An executive at a manufacturing plant that produces personal computers is attempting to decide…

A: Answer - "Thank you for submitting question But, we are authorized to solve one question at a time…

Q: What are the four basic factors of production? Provide at least one example of each factor of…

A: Production is the process of creating goods and services that satisfy human wants and needs using…

Q: OS consumer goods in terms of capital goods in Figure below?

A: This can be described as a concept that shows the graphical representation that shows the different…

Q: What is the annual market value of production in this economy?

A: There are three different types of commodities in the economy produced by X, Y and Z and they are…

Q: Explain THREE (3) factors that can influence investment in an economy.

A: Investment is the process of adding to the stock of capital assets with the expectation of getting a…

Q: Total economic value can be determined by active-use value (such as raw timber value to use timber…

A: Ecosystem valuation is difficult, and economists have often been criticized for trying to put a…

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: How to classify goods as consumption goods and capital goods? Is there any specific way to do so?

A: If the good is capable of satisfying the human wants directly then it is referred to be as…

Q: what are the schemes aimed at stabilizing the income of the producers of primary products?

A: Primary products are those goods which are produced by cultivating the raw material and it does not…

Q: Given the model for the Mary Island economy calculate the equilibrium level of income.  Show your…

A: The equilibrium level of national income implies the equality between income and expenditure in the…

Q: The economic activity of a country is often quantified as the gross domestic product (GDP), which is…

A: Decoupling in economics refers to the separation of economic growth from environmental impact, such…

Q: Explain how bioregional economics applies to greater resource productivity.

A: The quantity of service or goods that is being obtained through the expenditure of unit resources is…

Q: Several Authors have used econometric analysis to show that the energy intensity of an economy…

A: Per capita income: The average amount of money a person in a given region made in a given year is…

Q: Which

A: We know that , production process is facilitated by different factors such as land , labour…

Q: Which of the following is a use of the production possibility curve (PPC) in macroeconomics? a. The…

A: Definition: The production possibilities curve in economics measures the maximum output of two goods…

Q: How can an economy increase the production of one good without reducing the production of another?…

A: To determine the factors resulting in increased production of one good without affecting the…

Q: Which of the following is a factor of production at a university? electricity Scantron sheets the…

A: Factors of production refer to the inputs needed to create a good or service, and the factors of…