Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Sausage and beer are the sole goods in a simple economy. In year 1 a sausage costs $5.0 and a beer $2.0, whereas in year 2 a sausage costs $10.0 and a beer $2.0. In year 1, 10 sausages and 10 beers are produced. In year 2, 6 sausages and 8 beers are produced. The basket of goods defining the Consumer Price Index (CPI) is 10 sausages and 10 beers. 1. Calculate the nominal GDP in period 1 and period 2. 3pts 2. Calculate the real GDP in period 1 and period 2 when year 1 is treated as the base year. 3pts 3. Calculate the real GDP in period 1 and period 2 when year 2 is treated as the base year. 3pts 4. Calculate the growth rates of real GDP using a chain-weighting approach. 3pts 5. Calculate the rate of inflation using the implicit GDP price deflator when year 1 is treated as the base year. 3pts 6. What is the CPI in year 1 and year 2, when year 1 is treated as the base year? 3pts 7. Does the change in the CPI between year 1 and 2 overstate, understate or correctly state the change in the cost of living? Explain carefully. 2pts
Explain which of the following transactions would be directly counted in 2013 's GDP. In each case, explain whether the action causes an increase in Consumption, Investment, Govt. Purchases or Net Export.
What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)? Explain the factors in Michael Porter's "Five Forces Model" which affect the capability of any firm in an industry to earn the profit.
1. Why might federal spending on roads, waterways, or national security be less subject to direct expenditure off sets than spending on health care or education 2. What might account for the fact that estimates of effect time lags for fiscal polic..
part of a workers pay on an automobile assembly line is based on the number of cars in a pay period that come off the
What is the monopolist marginal revenue function and find the monopolist profit maximizing quantity and price and the deadweight loss of the monopolist.
miriam a smart and sharp mba student is on spring break flying home to see her family. at the airport there is the
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
Prepare a 2 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
National income and product data are generally revised. What effects would the following revisions have on consumption,investment, government purchases, net exports and GDP
the paradise shoes company has estimated its weekly tvc function from data collected over the past several months as
Explain how banks and individuals can use covered interest arbitrage to protect themselves when they make international financial investments.
what is the concentration ratio for the industry x and y.number of firm ----industry x ------ industry y1
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd