User Account

All Pages

Calculate the elasticity and explain the results

Assignment Help Macroeconomics
Reference no: EM133268276

Question 1. The average price of gasoline rises from $5.45 to $5.75 in California. Quantity demanded changes from 300 million gallons to 285 million gallons. Calculate the elasticity and explain the results.

Question 2. Income falls from $72,000 to $70,000. Quantity demanded for a good changes from 625 to 640 units. What type of good is this? Calculate the elasticity and explain the results.

Question 3. The following table displays data on Vietnam. Prices are in billion USD $.

Fill in the missing values
Calculate GDP growth between 2018 and 2019
Calculate GDP growth between 2019 and 2020
Calculate the inflation rate between 2017 and 2018
Using the growth rate from part C, calculate the future value of Vietnam's GDP in 10 years.

Question 4. As of August 2022, Japan had about 66,679,200 million people employed and 1,920,800 million unemployed.

A. How many people are in the labor force?

B. The labor force participation rate is about 63.7%, what is the population of adults in Japan?

C. What is the unemployment rate in Japan?

D, Historically, the labor force participation rate in Japan was lower compared to other developed countries. What are some reasons for this?

Reference no: EM133268276

Questions Cloud

How does this change affect the firms short-run output : ECON 303 California State University, How does this change affect the firm's short-run output decision and profits? Should the firm continue to operate
Describe what physical status modifiers are : Select and articulate one physical status modifier (do not use the same as peers) Describe in your own words what physical status modifiers are
World economic system is structured around interdependence : NAT 155 Seneca College World economic system is structured around interdependence. Please justify your opinion in favor/in against of this statement.
What medications the patient is taking : When your patient has chest pain, why should you ask about symptoms in other body systems? Why would you want to know what medications the patient is taking
Calculate the elasticity and explain the results : ECON 102 Glendale Community College Calculate the elasticity and explain the results - What type of good is this? Calculate the elasticity and explain
Describe the pharmacologic treatment of alzheimer disease : Describe the pharmacologic treatment of Alzheimer's disease, including pharmacokinetics, pharmacodynamics, drug interactions
What are the new equilibrium values of c : MACROECONO 402 Southern New Hampshire University What are the new equilibrium values of C, [, and r? What are the new values of private saving, public saving,
What do you think would happen to the quantity of coffee : ECON 2013 Mater Academy Charter High What do you think would happen to the quantity of coffee beans supplied and demanded if the government mandated a minimum
Discuss special populations and considerations : Discuss special populations and considerations (children, adolescents, pregnancy/post-partum, older adult, emergency care) for Cyclothymic disorder

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd