Which of the following goods would be considered part of consumption (C) by the BEA? The purchase of a used home. B Rent on an apartment. The purchase of brand new home. Cleaning your the home you own.
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- Economics Allocation of Possible Income You are given different amounts of money on which to live (roughly approximating different Malaysian income groups). You are required to allocate funds to the categories of housing, food, clothing, education, health, transportation, recreation, etc. – other categories may be added by you. Different income groups are asked to critique the allocation of different groups - is it reasonable, why do you say so and how could it be allocated better. T20 income RM15,000 M40 income RM8,000 B40 income RM3000(a) Suppose, you are a borrower. Explain with the help of a diagram, how your optimal choice as a borrower changes as interest rate decreases. Are you better off or worse off as a borrower?Roll over each income attribute, then match it with the income component it best describes. After needs Spent on needs Spent on luxuries Money income Post-taxes Pre-taxes Taxes change Savings Gross Income Disposable income Discretionary Income
- (Saving,investment) is the source of the demand for loanable funds. As the interest rate falls, the quantity of loanable funds demanded (decreases, increase). Suppose the interest rate is 4.5%. Based on the previous graph, the quantity of loanable funds supplied is (greater,less) than the quantity of loans demanded, resulting in a (surplus,shortage) of loanable funds. This would encourage lenders to (raise,lower) the interest rates they charge, thereby (increasing, decreasing) the quantity of loanable funds supplied and (increasing, decreasing) the quantity of loanable funds demanded, moving the market toward the equilibrium interest rate of ______%.The four categories of income in the economy are: wages, rent, interest, profit O consumption, investment, government spending, net cxports O consumption, saving, taxcs, government spending O labor, land, capital. tcchnologyPlease no written by hand Budget Selections to Build Demand As a commuter you have a budget of $250 to spend on gasoline each month. You drive a car that gets 20 miles per gallon (MPG). You can purchase 100 gallons of gasoline per month at the current price of $2.50 per gallon. Demand Schedule Price Quantity Commuting Errands Mp Social Activities Vacations $2.50 97.5 Drive Alone (700 miles) Small Trips as Needed (550 miles) Trips to City (350 miles) Out-of-State (350 miles) $3.00 Current price: $3.00/gallon Car Pool (425 miles) 2x per week (300 miles) Trips to Local Park (120 miles) In-State (200 miles) Add to schedule Previous $3.50 Public Transportation (60 miles) Next 1 Trip per Week (150 miles) Stay in Neighborhood (40 miles) > Stay-cation (50 miles) $4.00 QUANTITY 35 27.5 17.5 17.5 97.5 gallons Keynote $4.50 COST $105.00 $82.50 $52.50 $52.50 $292.50 of $250
- five concepts about living expenses and budgeting: Transportation Renting housing Buying housing The costs of owning a home Discretionary spending Which of these five concepts did you find the most challenging? Explain why.Value added means A. The final value of the good or service produced B. The value of of good sold in the beginning of the production process C. Value of intermediate good D. The difference between the output value and input cost of each step in the production processPart I The headline about Russian wheat suggests the market is broken. Illustrate the supply and demand for Russian wheat indicating the price in relation to equilibrium. Explain why the market is "broken," and what needs to occur to fix the market. Russian wheat trade falls silent as price floor leaves market 'broken' HIGHLIGHTS Russian wheat not offered below $275/mt since late March Government believed to have intervened to support prices, farmers Traders assess pricing power of Russian state in global market Part II Derive the demand and supply functions using the numbers in the table and calculate equilibrium price and quantity. Graph supply and demand and indicate equilibrium price and quantity. The government wants to help sugar consumers by setting the price at $2.50. Explain the outcome (in terms of Q and D) and your advice in this situation. Illustrate the effect on the same graph and be sure to indicate price and quantities. Price/bag Quantity demanded (bags of sugar)…
- Please no written by hand solution Keiko is saving money to buy a bike. She has $52 and is going to save an additional $8 each week. The bike costs $164. In how many weeks will she have enough money to buy the bike?The first step to take when you consider making a major purchase is to decide (a) whether you need the product (b) whether you have enough money to buy the product (c) what make and model of the product you should buy (d) where the best place is to purchase the product.53 In the basket of goods that is used to compute the consumer price index, the three largest categories of consumer spending are housing, transportation, and recreation. a. b. housing, transportation, and food & beverages. housing, food & beverages, and education & communication c. housing, medical care, and education & communication d.