Price level 70 80 90 100 Real GDP demanded (billions of 2009 dollars) 825 750 675 600 Real GDP supplied (billions of 2009 dollars) 375 450 525 600
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- Consider the demand function for processed pork in Canada, Q = 590.00 – 36p + 20p, + 3p. + 0.002Y The supply function for processed pork in Canada is: Q = 442.00 + 52p – 60pn p is the price of pork Ph is the price of beef = $4 per kg Q is the quantity of pork demanded. Pe is the price of chicken = $3 per kg Y is the income of consumers = $12,500 Ph is the price of a hog = $1.50 per kg (measured in millions of kg per year) Solve for the equilibrium price and quantity for pork. The equilibrium price of pork is $ and the equilibrium quantity of pork is million kg per year. (Enter numeric responses using real numbers rounded to two decimal places.) étv 30 MacBook Air DII DD 08 F10 F9 F7 FB esc F4 F5 F6 F2 F3 F1 & @ #3 2$ 3 4 7 8 1 W Y * 00gross private domestic investment $1593 personal taxes 1113 transfer payments 1683 taxes on production & imports 695 corporate income taxes 213 personal consumption expenditures 7304 consumption of fixed capital 1393 US Exports 1059 dividends 434 government purchases 1973 net foreign factor 10 undistributed corporate profit 290 sociual security contributions 748 US imports 1483 statistical discrepency 50 Refer to the accompanying national income data (in billions of dollars) CORPORATE PROFITS are equal to?2015 2016 2017 2018 2019 2020 Turnover (EUR) prices 174 163 181 861 176 536 176 529 169 827 173 429 197 257 204 506 199 875 199 543 183 490 179 457 169 149 175 418 170 834 171 818 185 012 183 610 200 967 208 672 202 404 203 424 199 495 190 476 204 436 196 741 201 863 206 704| 209 285 206 723 211 036 201 477| 212 904 217 541 214 309 220 946 2015 2016 2017 2018 2019 2020 The 3rd element of the base price index series standard weighted is Give their value with 4 decimals. Pay attention for the sequencing: in.case of a base index series the '1', in case of a chain index series the is considered the 0oth element of the relevant index series!!!
- am. 153.The graph shows the aggregate demand curve in a representative economy. Suppose that there is increased confidence about the economy. Using the line drawing tool, show the effect on the aggregate demand curve, and label your new curve. Carefully follow the instructions above, and only draw the required objects. ept Question 2.193. In a small community, breakfast is the most important meal of the day. Therefore, the only two goods that this community produces are coffee and scones in the following amounts: Year 2020 2021 Quantity 60 cups 90 cups Coffee Price $1.25 $1.45 Quantity 45 units 65 units Scones Price $2.10 $3.95 a) Calculate the inflation rate for 2021 using the GDP deflator method (assume that 2020 is the base year for real GDP calculations). Show your work. b) Calculate the inflation rate for 2021 using the CPI method (assume that 2020 is the base year for CPI calculations). Additionally, assume that the consumption basket for both years contains only 10 cups of coffee and 40 scones. Show your work. c) Compare the results of both inflation calculations and explain why they are similar or different based on the two methods and on the specific data used in this example.
- Table 1 Table 1 shows the labor market schedule and Table 2 shows the production function schedule for the country of Moldovokia. Real wage rate Quantity of labor Quantity of labor demanded supplied What is potential GDP if a decrease in the population changes the quantity of labor supplied by 20 billion hours at each real wage rate? (2012 dollars per hour) 15 (billions of hours per year) 20 60 20 50 30 Potential GDP is $ trillion. 25 40 40 30 30 50 35 20 60 Table 2 Labor Real GDP (trillions of 2012 dollars) 2.0 (billions of hours per year) 20 30 2.7 40 3.2 50 3.5 60 3.6 Enter your answer in the answer box. ? MacBook Air esc 80 000 000 DII DD F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 2$ & * 1 2 3 7 8 delete Q W E Y U { [ A S F G %3D K L D.By how much did the change in the price of college tuition differ from the 2019 average rate of inflation? I know it rose but how do I find the percentage?2015 2018 2018 2018 Commodity Price QD (in kg.) Price QD (in kg.) Beef 189.34 1.30 225.3 0.88 Cabbage Carrots 59.58 2.07 72.01 1.18 68.34 0.80 79.86 0.70 Chayote 28.88 2.77 35.48 0.91 Chicken 137.50 14.51 152.29 13.16 Eggplant 43.28 3.48 56.02 2.75 Garlic 205.88 1.56 196.83 1.61 Mongo Onion 87.07 0.80 85.76 0.81 69.53 2.75 96.1 2.06 |Рарaya Pineapple Pork Rice Premium |Shrimp, Suaje 312.77 Tilapia Tomato 36.68 1.19 42.83 1.04 42.06 1.01 51.14 0.17 174.85 13.63 192.36 12.51 45.87 98.46 48.89 96.12 0.89 382.6 0.50 106.36 7.47 115.91 6.91 44.3 3.57 50.68 3.21 The coefficient for price elasticity of demand for beef between 2015 and 2018 is Round-off vour final answer to two decimals.
- Urgently need U.S. exports to Canada are are positively related to Canada's GDP. positively related to the U.S. GDP. are independent of Canada's GDP. Are negatively related to the U.S. GDP.Estimate and briefly explain the growth in the US and EU Economies for the 3-5 year term in nominal and real terms. (Annualized)Consider the short-run and long-run aggregate supply curves in the graph to the right. Using the line drawing tool, draw and label a new SRAS curve that shows the effect of the following event: A reduction in input prices. Carefully follow the instructions above, and only draw the required object.