QUESTION 31 11.00 10,00 9.00 Supply 8.00 7.00 6.00 5.00 4.00 3.00 Demand 2.00 1.00 300 600 900 1200 1500 1800 2100 2400 Suppose that a $4 subsidy is given to consumers in this market, what is the price suppliers receive? O a. $5 O b.$7 C. $3 d. $8

Q: 14. The unemployed are those people who  do not have jobs. are not employed but are seeking work are…

A: Unemployment refers to a situation in which individuals are willing to work at the market wage rate…

Q: The economy has part time workers of 20 million people, and full time workers of 140 million people.…

A: The unemployment rate is the percentage of people  in the labour force who are unemployed.  As a…

Q: Attempts Keep the Highest / 3 8. Interest, inflation, and purchasing power Suppose Dalia is a fan of…

A: Let's break down the problem step by step:Initial Purchasing PowerDalia deposits $2,000 and the…

Q: how does Statistics Canada measures the actual unemployment rate for Canada for a given year.

A: The actual unemployment rate signifies the overall rate of fluctuations that occur around the…

Q: Suppose the price level reflects the number of dollars needed to buy a basket of goods containing…

A: Inflation means the percentage increase in price level over the period of time.Deflation means the…

Q: If the basket of goods was $1500 in 2000(Base Year) and $2100 in 2008 what is the CPI for both…

A: CPI = Cost of Basket of Goods in Current Year / Cost of Basket of Goods in base year * 100 Inflation…

Q: Canada has a working age population of 20 million. Of those 11 million are employed and 1 are…

A: Given: Working age population = 20 million Employed people = 11 million Unemployed people = 1…

Q: Discuss the problems with the Consumer Price Index.

A: Consumer price index measures the change in quantity demanded by the consumers when the prices of…

Q: None

A: To determine the nominal GDP of Batterland in 2011, we need to calculate the total value of waffles…

Q: Calculate nominal interest rate in the economy when real interest rate is 7% and inflation rate is…

A: # in an economy given the nominal interest rate, and inflation rate the real interest is given to be…

Q: Calculate Khada Republic’s nominal GDP, real GDP in 2020 and GDP deflator        2.  Examine the…

A: GDP deflator provides information about the Inflation rate in a specific year using nominal and real…

Q: The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use…

A: Nominal GDP can be calculated as follows:

Q: Without additional data, the value of the GDP price index cannot be known for any year in the graph…

A: Nominal GDP is the raw dollar value of economic output, while real GDP adjusts for changes in the…

Q: Draw a graph where inflation falls and GDP increases.

A: The aggregate demand curve(AD) is a downward-sloping curve showing all the different combinations of…

Q: Calculate TR, MR and AR. Price () 4 6. Units sold 1 3 4

A: Total revenue (TR) means the total amount of income earned by a seller from selling units of a good…

Q: The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use…

A:

Q: Monthly Consumer Price Index from January 2015 to December 2020 (Source: STATIN) Month…

A: Real wage is the wage that is found by taking into consideration the current inflation rate. It is…

Q: item prices and the amölin 020 are Use 1990 as the base. Item Price (1990 ) Quantity (1990) Price…

A: Fisher's Index The Fisher Index, which is computed as the geometric mean of the Laspeyres Price…

Q: Calculate the market basket prices for each period. See attached.

A: The term market basket refers to a bundle or group of products that can be indicators of the overall…

Q: what is net and gross demands

A: We assume: The income of a consumer is given  Endowment goods: These are how much a consumer has of…

Q: PRODUCT Product X Product Y Product Z YEAR 2000 2001 2002 2003 2004 price: $2.00 $3.00 $4.00 $5.00…

A: A price index is a measure of the average level of prices of a specific group of goods or services…

Q: The Consumer Price Index is

A: Consumer: The consumer refers to the person who purchases the goods and services for their…

Q: A5 Define Negations ( write 150 words)

A: Negation, often known as the logical complement, is a logic operation that converts a proposition P…

Q: Table 1 Quantity Price Quantity Price Item 1990 1990 1991 1991 Coffee 10 8 $50 ---- Sugar 20 $1 15…

A: CPI in the year 1991 = [Cost of a basket of goods in 1991 / Cost of a basket of goods in a base year…

Q: Calculate the Laspeyres Index Icpi for 2020 given 2019 as a base year using the following basket of…

A: Laspyer's price index is computed using fixed basket of goods.

Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…

A: "In economics unemployment means people who want to work and are actively seeking for jobs but…

Q: The point system is one in which points are awarded for: the salary range that the person was…

A: The Canadian government has been welcoming potential immigrants from all around the world who can…

Q: What are demand deposits?

A: # We know well that we all save our money in our saving accounts and we can need our money back at…

Q: Why is it essential to calculate the producer price index?

A: The producer price index shows the changes in the prices received by a producer. It reflects the…

Q: (-2) ml8 m I

A: if, X-n then it's equal to (1/X)n

Q: Create ECONOMIC SWOT analysis of Disney parks and resorts and explain each.

A:

Q: 32- If there is inflation and high unemployment in an economy, there is X in this economy.” Find…

A: National Income is the total value of goods and services produced during a financial year by an…

Q: The weekly salary of sales staff of a department store are shown below.  "f" is the frequency or the…

A: Answer in Step 2

Q: Using 2016 as the base year, calculate the Laspeyre’s Price Index for 2021. A    135.60 B    66.73…

A: Ice cream flavor Price in 2016 (Po) Price in 2021 (P1) Quantity in 2016 (Qo) P1Qo PoQo Vanilla 130…

Q: (c) Suppose that 20,000 of the employed switches to jobs in the underground economy. When…

A: please find the answers below.

Q: (a) Assume that you are an economic advisor to our Prime Minister. The prime ministers ask you to…

A: Unemployment in an economy can be reduced by following policies * Monetary policy - Expansionary…

Q: A price index does not measure transportation costs? True or False

A: The average change in prices between periods or the average difference in prices between places is…

Q: Suppose that 0.75 percent of the employed lose their jobs each month, and that 15 percent of the…

A: Seperation rate is the rate of losing the job. It is denoted by 's'  Finding rate is the new…

Q: www hala ** Shetty Mark A Betty Market Refer to Exhibit 27-7. The exhibit shows two markets in which…

A: The labor demand curve represents the quantity of labor demanded by firms at different wage…

Q: Explain how a severe drought in a country, whose main activity is agriculture, can affect: The…

A: Gross Domestic Product GDP is the monetary value of all finished goods and services made within a…

Q: Is the consumer price index a good measure of the general price increase of consumers? How?

A: The consumer price index is an extensive measure utilized for estimation of value changes in a bit…

Q: What is The Producer Price Index?

A: A market is a place where the producer and the seller interact with each other and the exchange of…

Q: A country is said to be experiencing inflation when A- the goods-market is rising over time B-…

A: The contradictory phase in economy a situation happens when there is deflation or fall in prices of…