National income account Personal consumption expenditures Personal taxes Government consumption and gross investment Interest income Exports Imports Depreciation Gross investment Billions of dollars $950 280 400 6 140 75 60 120
Q: Rank our five major ethical theories in according to the degree to which they cohere with basic…
A: A capitalist refers to an individual or entity that takes part in a socioeconomic framework known as…
Q: two bidders, i = 1, 2 -the good on sale has value vi for bidder i -bidders’ valuations v1, v2 are…
A: In economics, a linear equilibrium is a state in which all agents in a market or game choose their…
Q: On 20 April 2021, the Government of Bangladesh announced an additional BDT 105 million allocation as…
A: A financial market where people, companies, and governments come together to lend and borrow money…
Q: If the expected path of one-year interest rates over the next four years is 3 percent, 2 percent, 2…
A: Expectation theory in economics explains the yield on bonds based on an investor's expectation of…
Q: Draw a graph of "catch-up" that shows where you would expect to see a country with low saving rates…
A: Catch up effect also known as convergence, is the hypothesis in economics that suggests that…
Q: Consider the following economy which produces two goods, wine and cheese in the two periods of time.…
A: The price and quantity produced of cheese and wine is given asPrice of cheese ($)Quantity of Cheese…
Q: Consider an economy characterized by a Cobb-Douglas production function Y = Y = AK "L¹-a, with A =…
A: A production function:Is a function that shows the relationship between the input and output of the…
Q: What are the economic advantages of housing homeless individuals and families?
A: Economic advantages are favorable economic outcomes and benefits that raise people's standard of…
Q: Acme Inc. supplies rocket ships to the retail market and hires workers to assemble the components. A…
A: The price of a rocket ship in the retail market is $30,000.The cost of rocket ship components is…
Q: Environmental regulation was discussed for cases in which the market is unable to price risk…
A: With its foundation in economics, public choice theory examines how people behave both individually…
Q: If a country does not engage in trade with other countries, it is known as a. An open economy. b. A…
A: If a country does not engage in trade with other countries, it is known as:c. A closed economy.
Q: PROBLEM (3) Consider the differentiated goods Bertrand price competition model where firms A and B…
A: An oligopoly is a type of market structure where there are a few dominant firms that control a…
Q: Question 19 Price level (GDP deflator, 2009-100) 8 8 8 8 8 130 120 110 100 LAS SAS X AD 15.0 15.5…
A: Long-run equilibrium is where the LRAS curve i.e. the verticle line and the aggregate demand curve…
Q: K- in the table, if the marginal factor cost is 1480, how many workers would be hired? OA 6 OB. 5…
A: Production function:Production is a function of land labor capital and entrepreneurship. It includes…
Q: What is this household's marginal propensity to consume at c1 (in percent)?
A: Marginal propensity to consume means the portion of consumption which is bought from the consumer's…
Q: The graph depicts the demand curve before advertising, DO, and the four possible demand curves that…
A: In economics, supply and demand are defined as two fundamental components of any wealth system. They…
Q: Lucas bought a house that they plan to rent out on a weekly basis. Which question is the Broker…
A: Since you have posted two independent McQs, according to our guidelines, only the first McQ is…
Q: As a result of the Fed's sale of $3,000 worth of government securities to First Main Street Bank,…
A: A bank is a financial institution that is responsible for accepting deposits and creating demand…
Q: (a) Explain the difference between the SRAS curve and the LRAS curve. (b) Describe the state of the…
A: A model used in macroeconomics is the (AD/AS) model. It clarifies how an economy's price level and…
Q: After careful analysis, The Central Bank of Australia decided to decrease interest rates. This will…
A: The government formulates policies to stabilize economic activity. The major policies are fiscal and…
Q: Trading Places: Two players, 1 and 2, each own a house. Each player i values his own house at v;.…
A: A Bayesian Nash Equilibrium is a Game theory concept which expands the idea of Nash Equilibrium to…
Q: Using the following table, calculate the missing exchange rates: Country Currency Price of one unit…
A: the exchange rate refers to the rate at which one currency can be exchanged for another. It is the…
Q: What is the main consequence of a monopoly that means it is not economically efficient? Question…
A: A monopoly market can be beneficial for the sellers but its usefulness in the market is highly…
Q: A) Describe the assumptions of personnel economics. How are these assumptions unique compared to…
A: A specialist area of research called personnel economics uses economic theories to analyze labor…
Q: Refer to the figure above. As a result of the shift in aggregate demand from ADO to AD1, equilibrium…
A: A model used in macroeconomics is the (AD/AS) model. It clarifies how an economy's price level and…
Q: Suppose the current administration decides to increase government expenditures as a means of…
A: The government sets policies to stabilize economic activity. The major policies are fiscal and…
Q: Identify a market failure in Trinidad and Tobago, identify the type of market failure and discuss…
A: In economics, a negative externality, also known as an external cost or spillover, occurs when an…
Q: Consider an additional increase in the overall level of technology (A). Compare and contrast the…
A: People in an OLG model have two life periods. The legacy that each generation leaves for their…
Q: Deep Mines Ltd. of Saskatchewan is contemplating the purchase of equipment to exploit a mineral…
A: Net present value refers to the present value of net flow. Net present value is a measure used for…
Q: Price Quantity Demanded $18 $15 $ 12 8 $9 12 $6 16 $3 20 0 4 $144 Refer to table. At the equilibrium…
A: Anything that is in excess of what is needed or necessary is referred to as surplus. Surplus in the…
Q: If the firm produced and sold an additional unit of output, by how much would its total revenue…
A: Total revenue is obtained by multiplying the price with the quantity of the product in this economy.…
Q: Which of the following events would cause the supply curve to increase from S₁ to S3? O A. An…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: 6. Import quotas Kazakhstan is an apple producer, as well as an importer of apples. Suppose the…
A: Deadweight loss implies the loss of economic efficiency that occurs when the equilibrium of a market…
Q: A monopolist faces the following demand curve Quantity 31 P M 10 Select one: O a. 4 units O b. 6 Oc…
A: Monopoly is a form of imperfect competition. There is one firm. The number of consumers is high.…
Q: Antitrust policies are put in place to do which of the following? protect consumers against…
A: Anti-trust policies are the ways with which industry practices could be regulated to ensure that…
Q: What is the role of the Federal Reserve (the Fed)? How much discretion should the Fed have? Should…
A: The Federal Reserve referred to as Fed, is the central banking system of the United States. It was…
Q: Wage/Year W₁ W₂ W₂ W₂₁ MFC 4 MR MRP Labor/Year 82) Refer to the above figure. Under monopsony, the…
A: In contrast to the situation of monopoly, often the market experiences only a single buyer. Now,…
Q: Consider a game between player A with a choice between moves dj and d₂, and player B with a choice…
A: Game theory is a tool used in economics by various business to make decisions. Decisions are taken…
Q: Which of the following are types of monopolies? Select all that apply: natural monopoly Operfect…
A: "As it was not stated which question to answer, we are proceeding with the first question only.…
Q: Suppose the US economy enters a recession. During the recession, inflation falls and interest rates…
A: This can be defined as a situation in an economy in which all the economic activity starts…
Q: In a Nash - Cournot equilibrium, does an oligopolistic firm produce at less than full capacity, full…
A: An oligopoly is a type of market structure where a few dominant, mutually dependent enterprises…
Q: Customer: "If I purchase this product for $79.99 and two accessories for $9.99 and $7.00, how much…
A: A purchaser purchases one item for $79.99 and two accessories for $9.99 and $7.0.. The total cost of…
Q: partial data in the table below are for the economy of Arinaka. Planned investment, government…
A: MPC is marginal propensity to consume,which tells how much of additional income is used on…
Q: Hi there, I need help solving a problem and am unsure how to go about solving the question. It is a…
A: The Diamond-Dybvig model is a model of bank runs and the role of banks in providing liquidity to…
Q: You are given the following information about a monopsonist: The demand is P = 25-0.25Q, the average…
A: Monopsonist : A monopsony is a market structure in which a single buyer substantially controls the…
Q: Consider the economy with capital and private debt but without money studied in class. Assume the…
A: Endowment is the first distribution of resources to persons or agents in an economic model, such as…
Q: 1. Identify the type of market failure here and why dies market failure occurs in this scenario?…
A: The banana market industry in St. Vincent and the Grenadines collapsed due to a combination of…
Q: The initial condition of the banking system is as follows: $500 billion in reserve, $4,500 billion…
A: Banking institutions allow fiscal transactions by offering services such as deposits and loans,…
Q: Year 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 a. 4%. 2 Percent $ 1,000 980 961 942 924…
A: The inflation rate shows how much the average cost of products and services in the economy goes up…
Q: Alex wants to measure the nominal 1998 GDP of $993 billion in 2008 dollars. From the data he…
A: Nominal GDP, also known as current-dollar GDP, is the total market value of all final goods and…
calculate the
Step by step
Solved in 3 steps
- Calculate the value of output if:- Net value added at factor cost = $200 Intermediate consumption = $120 Depreciation = $20 Tax = $40 Subsidy = $10 All values are in millionThe following is data for a manufacturing company:Begin Direct Materials $ 2,000 Direct Labor $ 5,000End Direct Materials 3,000 Begin Work-in-Process 4,000End Work-in-Process 6,000 Manufacturing Overhead 12,000Direct Materials Purchased 10,000 Cost of Goods Manufactured 24,000Cost Goods Sold ? End Finished Goods 9,000Gross Margin (Profit) ? Net Income ? Operating Expenses 6,000 What is the amount of Direct Materials used in production?Question 25 Subtraction of from Gross National Product yields Gross Domestic Product. O factor income to the rest of the world F Onet factor income O depreciation Onet government income Onone of the above A Click Submit to complete this assessment. Type here to search IF Q A 12. S 13 # D $ Et V R % 1 Chip
- The expenses and income of an individual are given in table form to the right. Find the net monthly cash flow (it may be negative or positive). Assume that amounts shown for salaries and wages are after taxes and that 1 month=4 weeks. Income Expenses Part-time job: $1300/month Rent: $550/month Student loans: $6000/year Groceries: $60/week Scholarship: $8500/year Tuition and fees: $7500/year Health insurance: $55/month Entertainment: $300/month Phone: $45/monthI cant seem to remeber the formula to use to fill out S2 and D2taxable income on ructions, and publications, visit www.irs.gov or call RM (800-829-3676). u e-tile your tax return? Electronicaly fled returns are less kely to have ma errors resulting in notices such as this one. t's free to file your taxes electronicaly Go to www.irs.govlefile for information and instructions • You can contact us by mail at the address at the top of the first page of this notice de sure to include your Social Securiy Cumber and the tar year and form number you are writing about • Keep this notice for your records • Activity on your 2020 account may be detaying the relese of your neftund receive a notice explaining this delay • Estimated Tax Filers Note, i# you pn sta taes c Hill Graw P Type here to search 直。 000'006$ ) $750,000. eBook The total revenues of Harvey's firm in the first year were 81°F Sunny ^ 10/17/2021 3:57 PM
- Output/Income Consumption Savings MPC MPS APC APS 0 80 0-80 = -80 - - - - 100 140 100-140 = -40 0.6 0.4 1.4 -0.4 200 200 200-200=0 0.6 0.4 1 0 300 260 300-260=40 0.6 0.4 0.8666666667 0.1333333333 400 320 400-320=80 0.6 0.4 0.8 0.2 a. Assume Y= 400 Calculate the level of Consumption Hint: plug in 400 for Y into the Consumption and Savings equations, Also, calculate the following APC (C/Y); APS (S/Y) b. Calculate the Multiplier 1/(1-MPC) c. Assume Y= C + I + G + X I=20; G=30 X=0 Use the equation derived in (d) above; use this to Plug in the value of C into the equation. I=Busines Investments G= Government Spending X=Net exportsFind value of output if:- Net value added at FC = $200 million Intermediate consumption = $150 million Depreciation = $20 million Tax = $40 Subsidy = $20 millionYear GPP IncomedfIst Taale Incame of Dnd Tersile Incamedt3rd Terat 1950 atrilao,4Trillion 10.6 Trillion ITrillion doa016Till 0.8 Trillon l2.4 Trillionl 12.8 Trillicn Compute 6PP between 1950 and 2020 A, 1,200%. B. 100 Cil,H00 Y. D. l,600%-
- If you would have to pay $8,000 in taxes on $90,000 taxable income and $10,000 in taxes on $94,000 taxable income, then the marginal tax rate on the additional $4,000 of income is Mutiple Choice 10 percent, and the average ta rate is so percent at the $94.000 income evel 50 percent, ond the average tax rate is 20 percent at the S90.000 income evel s0 percent, but avernge tax rates cannot be determined from the intormation given 50 percent, and the average tax rate is about 11 percent at the $94.000 income levelEXCERCISES Y S АРC APS MPC MPS 100 100 150 200 200 300 250 Complete the table aboveBased on the data, answer the questions. Earner Sally Pat What is Sally's tax rate? 38% 33% O 28% 24% Annual income amount $94551.00 $304557.00 What is Pat's tax rate? 0000 O 22% 31% 33% 24% Income tax amount $31201.83 $73093.68