Which of the following will affect our debt-to-GDP ratio? O a. Government expenditures O b. GDP growth rates Interest rate changes O d. All of the answers are correct
Q: 50 45 Profit or Loss 40 35 ATC 15 AVC 10 MC 5 4 10 12 14 16 18 20 QUANTITY (Thousands of sweaters) I...
A: In perfect competition, eqm quantity is found by the intersection of MC(marginal cost) and P(price) ...
Q: Compute for the iEff/bimonthly and iEff/monthly 15% Compounded semi-annually.
A: Answer: iEff/bimonthly = 14.64% iEff/monthly = 14.55%
Q: If a corporation decides to issue their shares of stocks to the public for the first time, which of ...
A: Shares refer to the ownership of the company. If a company buys shares of a particular company then ...
Q: A firm earns economic profit when total profit exceeds
A: To find : When firm book profit
Q: 3. A perfectly competitive individual firm operates in a constant cost industry and produces a level...
A: Answer: (c). ATC=TCqATC=12×q2+5,000qATC=12q+5,000qATC=q2+5,000q Graphical presentation of ATC and MC...
Q: in a market with a binding ceiling, an increase in the ceiling will
A: A price ceiling will be binding in the market when it is set below the market equilibrium
Q: What are two scenarios where the opportunity cost of improving your math grade will decrease?
A: Opportunity Cost : Opportunity cost is the potential benefits one misses out on when choosing an alt...
Q: There are two firms selling differentiated products. Firm A faces the following demand for his pro...
A: Given Information: Firm A: Demand function of A: QA=20-1/2PA+1/4PB Marginal cost=0 Firm B: Demand fu...
Q: In 1845 French economist Frederic Bastiat wrote his satire, "Petition of the Candlemakers," which ca...
A: The "Candle Maker's Petition" is a satire of protectionist tariffs, written the by great French econ...
Q: In regards to minimum wage, should there be a national standard or should minimum wage be regulated ...
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...
Q: An increase in the income tax rate in an attempt to decrease a country's debt-to-GDP ratio may not b...
A: The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic pro...
Q: irm's cost minimization problem is most similar to inding the consumer's final bundle, in the contex...
A: Cost minimization is an essential rule utilized by makers to figure out what blend of work and capit...
Q: What is the present value of the following payment series when the interest rate is 3% YR1 = $200 ...
A: Given interest rate = 3 % the Present value of each cashflow = cashflow / (1 + rate)^year
Q: Ceteris Paribus means
A: To find : What is ceteris paribus
Q: Consider the Cobb-Douglas production function y-AKO.3N0,7, where y is output, A is total factor prod...
A: Given that: Y = AK0.3N0.7 where Y is the OutputA is the Total Factor ProductivityK is the CapitalN i...
Q: Why is it desirable for a country to have a large GDP?
A: In economics, the gross domestic product is an economic measurement to compute the national income o...
Q: Question 11 of 11 View Policies Current Attempt in Progress Natasha takes out a loan. The interest o...
A: At month t she owes $14000 At month t+1, she owes $14000(1+(0.09/12))=14105 After this payment is pr...
Q: Private Good. In the table below are five individual demand schedules for ECONOBREAD, which is produ...
A:
Q: (b) To collect data for a study an individual chooses to question people coming out of a mall direct...
A: Primary data is the data which is collected through first hand information.
Q: QUESTION 4 Suppose the real GDP in a fictional economy currently equals to 160 million USD, the pote...
A: According to the above mentioned question we have:- Equilibrium level of GDP = 160 million Potential...
Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...
A:
Q: 1. Refer to the following demand and supply values of rice at different prices. Calculate equilibriu...
A: The curve that depicts the various quantities being demanded by individuals at different price level...
Q: 1998, five companies were found guilty because of their actions to raise the price of an animal feed...
A: Elasticity of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) of the...
Q: 2. How does a very high rate of inflation affect individual spending and saving? Explain your answer...
A: Inflation Inflation refers to increase in the general price level of an economy. Inflation rate refe...
Q: Policymakers are provided data about the private and social benefits of a good being sold in the mar...
A: An externality can be positive or negative. A positive externality is a benefit received by a third ...
Q: Consider the following hypothesis test. Ho: Hs 50 Hiu > 50 A sample of 60 is used and the population...
A: (a) X = Sample Mean = 52.5n = Sample Size = 60 μ =Population Mean = 50σ = Population Standard Deviat...
Q: If the demand for smartwatches are expected to increase and production costs are expected to decreas...
A: "When the demand for smartwatches is expected to increase and production costs are expected to decre...
Q: A 15 percent decrease in the price of potato chips leads to a 30 percent increase in the quantity of...
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...
Q: You own a printing firm. Two of your senior managers provided you with advice. The first manager sta...
A: The profit of a firm is calculated by subtracting the total costs incurred on production from the to...
Q: The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200 - 9.5p + 16.2 pp + 0.2Y, w...
A: Put p=45, Pp=31 and Q=1,275 in Q = 1,200 - 9.5p + 16.2 pp + 0.2Y to get Y: Q = 1,200 - 9.5p + 16.2 p...
Q: Expansionary fiscal policy uses government spending and taxes to increase aggregate economic activit...
A: Fiscal policy is undertaken by the government. It uses government spending and taxes to affect aggre...
Q: e Cobb-Douglas production function Y = AKO.3L0.7 is a(n) production function, if A, K A. constant-re...
A: Constant returns to scale occurs when increase in all factors of production leads to same proportion...
Q: 9. Which of the following are stages of the business cycle? Select all that apply. A. trough B. peak...
A: Business cycle Business cycles are defined as coordinated cyclical upswings and downswings in broad ...
Q: .Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are cur...
A: As per the question, Initial number of workers= 600 workers Initial wage received by a worker= $5000...
Q: Suppose the production function for good q is given by q=3 ∙K+2∙ L where K and L are capital and la...
A: Returns to Scale The rate at which output varies when all inputs are altered by the same factor is r...
Q: Suppose a researcher has designed a set of questions to evaluate consumer satisfaction with a produc...
A: The questions that has been asked are not directly observable. Using people's perception about those...
Q: Suppose the market demand for a product is given by this inverse demand equation P = 100 - 2Q^D. Fur...
A: Answer: Given, Inverse demand function: P=100-2QDInitial quantity demanded Q1=40 unitsSo,Initial pri...
Q: Drawing on John Rawls’s concept of the veil of ignorance, develop an ethical code that will (a) guid...
A:
Q: You are to write an essay on the possible impact of the Russia- Ukraine crisis on global banking sec...
A:
Q: Compare and contrast n the Classical, Keynesian and Monetarists view of monetary policy. Include in ...
A: Monetary Policy of the nation is regulated by the central or the federal bank. Today , there are gen...
Q: In 2019, Mr. Francis paid $10m for a house that was built in 2019 and sold that year for $8m. What v...
A: The house was builid on 2019 and sold to Mr Francis for 10 Million $. Therefore the house will inclu...
Q: What prevents a perfectly competitive firm from seeking higher profits by increasing the price that ...
A: The perfect competitive firms sell homogeneous products which means other firms also sell the same t...
Q: Consider two firms with the following marginal abatement costs (MAC) functions: MAC1 = 25 - E1 MAC...
A: Externality refers to the condition where a certain entity is affected due to another completely unr...
Q: Suppose that there is a large price increase for all types of salad dressing. What would you expect ...
A: Cross price elasticity measures the percentage change in quantity demanded of one good due to change...
Q: Which of the following events may lead to deflation? A. decrease in government spending during a rap...
A: Deflation is the decrease in average price level of goods and services in the economy.
Q: Consider a Hotelling model with two firms. Firm 0 being at point lo = 0 and firm 1 being at point l1...
A: According to question , Two firm are located at points (l1 & l2 ) such that (l1 = 0 ) & (l2...
Q: Which of the following best describes the main responsibility of a central bank? * A. it acts as an ...
A: A financial intermediary, such as a commercial bank, investment bank, mutual fund, or pension fund, ...
Q: If provinces were legally bound to have annually balanced budgets, they would likely: Select one: ha...
A: A balanced budget occurs when revenues are equal to or greater than total expenses.
Q: Suppose two roommates, Sam and Terry, agree that they should clean the apartment each week. It takes...
A: Comparative Advantage The capacity of an economy/individual to produce a certain item or service at ...
Q: Which of the following events will cause the interest rate to increase? an open market sale of bonds...
A: Answer:- (C) all of these
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- An increase in the income tax rate in an attempt to decrease a country's debt-to-GDP ratio may not be effective because O a. It will reduce disposable income and consumption expenditure O b. It will reduce firms expectations of growth in future sales All of the answers are correct O d. It will reduce investment in new capital stockWhich of the following is carried out in an expansionary fiscal policy? O a. Higher taxes and lower government expenditure O b. Lower taxes and higher government expenditure O c. Higher taxes and higher government expenditure O d. Lower taxes and lower government expenditure.Directions: click on the graph in the window on the right and select Time Series to graph the U.S. public (federal) net outstanding debt as a percentage of GDP for the years 1940-2005. For Y Axis1 select Net Federal Debt, percentage of GDP. Use the figure to help determine which of the following statements are true. O A. The U.S. net federal debt to GDP ratio has been, for the most part, decreasing since the end of World War II, despite the fact that the U.S. economy was expanding and could afford a larger debt to GDP ratio. OB. As a result of the exceptionally large increases in U.S. government military expenditures in the first half of the 1940's, that were needed to win World War II, the net U.S. public debt to GDP ratio increased substantially, surpassing 100%. Since the late 1950's however, U.S. net federal debt to GDP ratio has fluctuated within a relatively small bend around the 40% line. OC. The net U.S. federal debt to GDP ratio follows a pattern that cannot have a meaningful…
- Contractionary fiscal policies do not necessarily decrease a country's debt-to-GDP ratio because O a. It decreases our GDP and our ability to pay the debt O b. It will appreciate our currency It increases the interest rates on outstanding debt O d. All of the answers are correctThe population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 2017? O a. $3,555 per person O b. $2,447.5 per person OC $2,679 per person O d. $2,323.5 per person6. Over time, increases in Potential GDP are the result of O A. inflation O B. increased government spending O C. lower taxes O D. increases in technology
- The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person OC $2,679 per person O d. $2,323.5 per personTo minimize GDP fluctuations, the government should run a budget in times of recession and a budget in times of boom. O a. Surplus; surplus O b. Deficit; deficit Oc Surplus; deficit O d. Deficit; surplusAssume the government makes no fiscal policy changes when the economy experiences a downturn. Which outcome would be expected? O Government expenditure to be higher and tax revenues to be lower, probably leading to a budget deficit. Government expenditure to be lower and tax revenues to be lower, probably leading to a budget surplus. O Government expenditure to be higher and tax revenues to remain the same, probably leading to a budget deficit. Government expenditure to be higher and tax revenues to be lower, probably leading to a budget surplus. O Government expenditure to remain the same and tax revenues to be lower, probably leading to a budget deficit.
- The figure shows government expenditure and revenue as a percentage of GDP, 1990-2019. During which of the following periods did the federal government run a budget surplus? 27.0% 25.0% -Expenditures 23.0% 21.0% 19.0% Receipts 17.0% 15.0% YEAR O 1998-2001 None of these answers is correct. O 2003-2008 2012-2018 PERCENT OF GDP 0661 1991 1993 1994 9661 2661 6661 0007 2002 2003 2005 9007 2008 6007 2011 2012 2014 2015 2017 20189. Why do Social Security and Medicare pose problems for the federal government budget? The number of workers who can pay for the retirees is increasing. O Payroll taxes are capped and cannot be raised. O The number of retirees is decreasing. The number of sick people is rising too quickly. O Life expectancy of retirees is increasing. 10. Why do Social Security and Medicare pose problems for the federal government budget? The number of people retiring is increasing. The number of workers who can pay for these retirees is increasing. Life expectancy is decreasing. The number of sick people is rising too quickly. Social insurance taxes cannot legally be raised any further.ses Aside from the few years during Clinton's administration, what is the state of the national debt? Select one: O a. the debt is growing O b. the debt has been reduced considerably during the Bush and Obama administrations. O c. the debt is steadily shrinking O d. the debt is mostly staying the same Which president tried to limit