Calculate the total change in a years gdp

Assignment Help Econometrics
Reference no: EM13218495

Calculate the total change in a year's GDP for each of the following scenarios:

a. A family sells a home, without using a broker, for $150,000. They could have rented it on the open market for $700 per month. They buy a 10?year?old condominium for $200,000; the broker's fee on the transaction is 6 percent of the selling price. The condo's owner was formerly renting the unit at $500 per month.

b. General Electric uses $10 million worth of steel, glass, and plastic to produce its dishwashers. Wages and salaries in the dishwasher division are $40 million; the division's only other expense is $15 million in interest that it pays on its bonds. The division's revenue for the year is $75 million.

c. On March 31, you decide to stop throwing away $50 a month on convenience store nachos. You buy $200 worth of equipment, cornmeal, and cheese and make your own nachos for the rest of the year. (Include both of your decisions about nachos in determining the impact on GDP)

d. You win $25,000 in your state's lottery. Ever the entrepreneur, you decide to open a Ping?Pong ball washing service, buying $15,000 worth of equipment from SpiffyBall Ltd. of Hong Kong and $10,000 from Ball?B?Kleen of Toledo, Ohio.

e. Tone?Deaf Artists, Inc., produces 100,000 new CDs that it prices at $15 apiece. Ten thousand CDs are sold abroad, but, alas, the rest remain unsold on warehouse shelves.

Reference no: EM13218495

Questions Cloud

Write down all of the frequency components : Four frequencies are applied at the input of a non-linear amplifier. Write down all of the frequency components at the output of the non-linear device. Write down only the first three harmonics.
What kind of wireless networking alternative : What kind of wireless networking alternative makes the most sense when considering network links that span an appreciable portion of the globe?
What impact have the decisions had on real gdp : After the attacks of September 11, 2001, U.S. businesses began to spend more on security, and continue to do so today. For example, airlines and package delivery services run more background checks on their employees, and office buildings hire mor..
Determine zero-input response : Determine zero-input response of (D2+4D+40)y(t)=(D+2)x(t) with initial condition y0(0)=2 & dy0(0)/dt=16.78.
Calculate the total change in a years gdp : The division's revenue for the year is $75 million. c. On March 31, you decide to stop throwing away $50 a month on convenience store nachos. You buy $200 worth of equipment, cornmeal, and cheese and make your own nachos for the rest of the year.
Draw a suitable circuit that includes a resistor : Place the relay in the Collector circuit, the resistor in the Base circuit and the diode in parallel with the relay to provide a path for current due to energizing the relay.
Design a decade counter : Design a decade counter (negative edge-triggered counter) using flip flop circuit that can be used to perform binary counting. Show the timing diagram for the input and four outputs of the decade counter.
What approach should wants to settle with crusty : Do the unfair dismissal rules apply to his firm? He heard something about small businesses being exempt, but does this apply and is he liable for the unfair dismissal and what would be his liability if Crusty's application were successful?
Create a block diagram of the electronics : Create a block diagram of the electronics of the proposed vehicle. Include enough detail on each components and number of wires between each subsystem.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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!

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