What does VAT mean

Q: The following graph represents the demand and supply for pinckneys (an imaginary product). The black…

A: Consumer surplus shows consumer ability to pay for any good and producer surplus shows producer’s…

Q: did you get 0.2Y?

A: The aggregate expenditure is the sum total of consumption, investment, government expenditures.

Q: Does reducing purchasing power of a consumer decrease inflation in the economy?

A: Cost increases for virtually all goods and services in the economy are referred to as inflation.…

Q: A PPF is more likely to be a downward-sloping curve that is bowed outward than a downward-sloping…

A: A production possibility frontier (PPF) represents the possible combinations of maximum outputs an…

Q: Calculate the tax for $95,000. For example, $10,000x40%=$4,000 in tax. Show your work!! Calculate…

A: A progressive tax is a tax in which the tax rate increases as the taxable amount increases.

Q: Part III: Changes in Equilibrium (Supply Curve Changes) Cups of Coffee $6 $5 $4 $3 -Demand $2…

A: Equilibrium is established where demand and supply intersect each other.

Q: (11) Assume two firms with the same constant average and marginal cost, AC = MC = 5, facing the…

A: Introduction When several enterprises offer equivalent competitive goods or services, monopolistic…

Q: Why is VAT a good thing?

A: VAT stands for Value Added Tax. It is charged at each stage of production for commodities on which…

Q: c. There is an increase in the wage rate for automobile manufacturing workers. Labor demand Quantity…

A: A good rise in wages is an advantage for the consumers but can be expensive for the producers, as…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: The term "government spending" describes the cash that the government spends on various goods and…

Q: What is TARP?

A: The term TAPR stands for Troubled Asset Relief Program.

Q: Which is not a key assumption to model consumer choice theory?" Seperability Transitivity…

A: There are three basic and fundamental assumptions of consumer theory.

Q: Compete the following table in your answer booklet, for each consideration acquired by the business…

A: In the question above, a table is given with different items and category of VAT supply.  Standard…

Q: A certain property is being sold and the owner receives two bids. The first bidder offered to pay P…

A: The measure that depicts the current stream of income flows being discounted at a specified rate is…

Q: The inflation rate is 6 percent a year, the unemployment rate is 4 percent, and the economy is at…

A: The Short-run Phillips curve shows that there is an inverse relationship between the unemployment…

Q: A city is spending $20.7 million on a new sewage system. The expected life of the system is 50…

A: The capitalised cost or worth of a specific project or investment provides an approximation of the…

Q: A MOCO market features free entry in the short run. A MOCO firm sometimes produces where demand is…

A: a. A monopolistically competitive has the features of both perfect competition and monopoly. In…

Q: Banks can make loans as long as they have O excess government securities. O required reserves. O…

A: In the banking sector, lending is one of the crucial functions of a bank because it provides income…

Q: 11. Market: Cereal market Increase or Decrease: Scenario: Grain prices surpluses. falling due to…

A: The markets in every economy work upon the basis of the forces of demand of the goods, and services,…

Q: The table below presents the production possibilities schedules for the cities of Venice and…

A: Opportunity cost is the cost that is given in order to obtain more of a desired good. When a choice…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: what is eurocurrency

A: The expression "eurocurrency" applies to any currency deposit held beyond the home market in which…

Q: The economy's AS curve will shift upward in the short run if there is: OA. an improvement in…

A: Aggregate demand is the sum of consumption, investment, government spending and net export.  At…

Q: Consider the joint production possibility frontier (PPF) below representing the above situation. The…

A: The joint possibility curve shows the combined possibility curve of all three countries for the two…

Q: The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the…

A: The country of Caspir produces only cereal and milk . Given that, the base year is 2008.

Q: In the long run, some firms will respond by until Shift the demand curve, the supply curve, or both…

A: If the CDC announces that tuna causes bacterial infection, it will alter the preferences of the…

Q: Suppose that the actual terms of trade are 1,000 units of apparel for 12 tons of chemicals and that…

A: Two country's China and US has been given to us in the question showing their various production…

Q: at is tally mark

A: Tally marks, often known as hash marks, are a system of unary numerals. They are a type of numeral…

Q: QUESTION 8 Match the following statements to their correct answers. The output gap is positive The…

A: 8. In an economy, output gap refers to the amount of output that is the difference between the…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: Since you have posted 13 subparts and it is impossible to solve all in the given timeframes, we will…

Q: I need help with a-c

A: (a) Household’s budget constraint in period 1 is:C1 + S1p = Y1 – T1Household’s budget constraint in…

Q: How long will it take Kelsey to pay off her credit care if she pays the 2% minimum payment each…

A: The credit card payoff determines the time period to get out of debt. APR means the annual…