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- Microsoft Word - (2)p macro HW 1 B AaBbCc AaBbCAaBbCcDc AaBbCcDc 2 ulgi 1 ülaue blout Production Year 1 Good X 50 Good Y 100 Prices ear! $1.20 S0.60 Year 2 Year 3 Year 1 $1.00 S0.60 Year3 S1.20 50 60 140 120 1-Assume that this economy produces onlytwo goods Good Xand Good Y. The value for this economy's nominal GDP in year lis 2- Assume that this economy produces only two goods Good l'and Good Y The value for this economy'snominal GDP in year 3 is 3-Assume that this economy produces only two goods Good l'and Good Y The value for this economy s nominal GDP in yea 4-Assume that this econonmy produces onlyt 1 is the base year. the value for this economy sre land Good Y If year 5-Assume that this economy produces only two goods Good land Good Y If year 1 is the base vear. the value for this economy's GDP deflator in vear 1 is 6- Assume that this economy produces only two goods Good.I and Good Y If year 1 is the base year. the value for this economy's GDP deflator in year 2 is 7- Assume…Please Draw a diagram for Saving and Investmetn in a small open economy. Assume the world real interest rate is BELOW the closed equilibrium interest rate for a random country that you drew. Is this country a foreign borrower or foreign lender in the world? Please explain what the intuition for the investment and savings functinos.. Like the say for a Home investors and the Home savers. Please draw out an image i am a visual learner and that is what will help me understand it best.Which is larger as a share of GDP in most rich countries, investment orgovernment purchases? What about in most poor countries?
- Suppose the government runs fewer budget deficit and there is a decrease in the average household income. Then, O The new EQ quantity of loanable funds would be indeterminate, , but the new EQ interest rate would increase. O The new EQ quantity of loanable funds would decrease, but the new EQ interest rate would be indeterminate. O The new EQ quantity of loanable funds would be indeterminate, , but the new EQ interest rate would decrease. The new EQ quantity of loanable funds would be indeterminate, but the new EQ interest rate would increase. The new EQ quantity of loanable funds would increase, but the new EQ interest rate would be indeterminate.According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?Would you usually expect GDP as measured by what is demanded to be greater than GDP measured by what is supplied, or the reverse?
- As technological change makes us more sedentary and food costs increase, obesity is likely. What factors do you think may limit obesity?If a country is running a government budget surplus, why is (T - G) on the left side of the saving-investment identity?Suppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign county as a third agent. Draw a rough sketch of the flows of imports, exports, and the payment for each on your diagram.
- 120 100F NOR ARE SGP CHE HKG SWE TWN Na. A VEN 40 60 80 100 120 Relatiwe GDP per enpita to the US lewel - 1970 In the figure above, GDP per capita relative to the US level for a large group of countries is plotted for years 1970 (in the horizontal axis) and 2000 (in the vertical axis). Which one of the following statements is correct? O Income per capita of countries on the 45 degree line has grown at a similar rate than income per capita of the US in each year. O Income per capita of each country is plotted according to how strongly it correlates to the income per capita of the US in each year. O The income per capita of those countries below the 45 degree line has grown the fastest in between years 1970 and 20 O The income per capita of those countries on the 45 degree line has not grown in between years 1970 and 2000.We said the easiest type of Foreign Cirect investment (ro Importreport Franchusing O Loenng O oreented QUESTION 22 Whch type of invetment is the hardelymast expentive type of investment ina toreign cy importierport O Pranchsing O ucensing O GreenfieldThe data in columns 1 and 2 in the table below are for a private closed economy Instructions: For all parts, enter only whole numbers for your answers. If you are entering any negative values, be sure to include a negative sign (-) in front of the number you are entering. (1) Real Domestic Aggregate Output (Billions) $200 (6) Aggregate Expenditures, Exports Open Economy (Billions) (2) (5) Net (3) Expenditures Exports, (Billions) $20 $20 $20 (4) Imports, (Billions) $30 (Billions) (Billions) $240 $250 $300 $350 $280 $30 $320 $30 $360 $20 $30 $400 $400 $20 $30 $450 $440 $480 $520 $20 $30 S %24 $500 $550 $20 $20 $30 $30 a. Using columns 1 and 2, what is the equilibrium GDP for this hypothietical economy? $ billion b. Now open up this economy to international trade by Including the export and import figures of columns 3 and 4. Fill in columns 5 and 6 What is the equilibrium GDP for the open economy? $ billion