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What is on the axes of an expenditure-output diagram?
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- Suppose Google plans to produce 10.2 million Pixel phones this year. The company expects to sell 7.6 million. Suppose that at the end of the year, Google has sold 8.4 million Pixels. What is the level of actual inventories?An equation for Aggregate Expenditure is: AE = $3600 + 0.8Y, In equilibrium, Income 'Y' = Aggregate Expenditure 'AE'. Solve for Y1. What is GDP? 2. What is net export? 3. What is the difference between Microeconomics and Macroeconomics? 4. What is consumption? 5. What are investments? 6. Write the equation for GDP
- Use the information in the following table. to answer the question Consider a simple economy that produces only three products: haircuts, burgers, and DVDs. \table[[Product, Base year 2014, 2015], [ Quantity, Price, Quantity, Price], [Haircuts, 2, $10, 3, $11 Use the information in the following table. to answer the question Consider a simple economy that produces only three products: haircuts, burgers, and DVDs. Base year 2014 Product C 35% D. 10% Haircuts Burgers DVDs The growth rate for 2015 is OA. Some information is missing B. 53.8% Quantity 2 10 6 Price $10 $2 $15 Quantity 3 10 10 2015 Price $11 $2.45 $15Suppose that an economy consists of only two individuals. Trevor has $1150 available to spend on goods. He decides to purchase $210 worth of produce from Juanita in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income? $ For the current quarter, what is the economy's expenditure? In an economy, how are income and expenditure related? Income is greater than expenditure. O Income is less than expenditure. They are unrelated. O They are equal.The table below gives some of the items in the U.S. National Income and ProductAccounts in 1995.ItemAmount(trillions ofdollars)Consumption expenditure 4.97Investment 1.14Government expenditures 1.37Net exports 0.08Wages 4.20Interest, rent, and profit 1.68Depreciation 0.89a) Use the expenditure approach to calculate U.S. GDP in 1995.b) Use the income approach to calculate U.S. net domestic product at factor cost in
- What is the level of Y if the change in inventory is -200? Planned Government Net Exports Aggregate Change in Real GDP (Y) Consumption (C) Investment (I') Purchases (G) (NX) Expenditures (AE) Inventories 10000 8200 800 11000 9000 600 12000 9800 13000 14000 15000 800 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 10000 b 11000 C 12000 d 13000Briefly describe the IS curve and draw a full IS-LM-FE graph. List two factors that can shift IS and show these changes on a new graph.Suppose that the following transactions take place in 2019 in Turkey. State whether these transactions increase, decrease or do not affect the GDP in Turkey in 2019. a) New manufacturing plant of Arcelik in China began its operations and produced 2Mill. TL worth of washing machines in 2019. b) Ebru sold her car to Ali for 100000 TL in 2019. 3- c) Toyota produced Imillion TL worth of cars in its manufacturing plant in Turkey in 2019. d) Dost Kitabevi sold 50000 TL worth of books from their inventories in 2019. e) A company in Ankara imported 20000 TL worth of electronic chips from South Korea and used them in production of 100000 TL worth of computers in 2019.
- Need help with macroeconomics questionWhat is gdp in Econ terms?The following is production data: Orange Juice (Quantity) 600 610 620 Year Waffles Waffles (Quantity) (Price) 2010 100 $3 2011 120 $3.20 2012 150 $3.50 Orange Juice (Price) $1 $2 $3 Toaster Ovens (Quantity) 280 300 300 Toaster Ovens (Price) $22 $25 $28 The above, like I said, is production data. Consumption data is as follows: the average citizen consumes 80 waffles, 20 units of orange juice and 10 toaster ovens. 2010 is the base year for all calculations. Carefully following all directions for entering your answer, tell me the price/cost of the market basket for 2012.
