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Consider five firms in the closed economy: a steel producer, rubber producer, machine tool maker, tyre producer, and bicycle manufacturer. The bicycle manufacturer sells bicycles produced to final customers for $8000. In producing the bicycles, the firm buys tyres ($1000), steel ($2500), and machine tools ($1800). The tyre manufacturer buys rubber ($600) from rubber producer and machine tool maker buys steel ($1000) from the steel producer. Identify final and intermediate goods for the economy.
(a) Calculate the value of total sales; the value added by each firm and the total value added; the value of intermediate product of each firm and the value of total intermediate product; the total final expenditure, the value of GDP.
Comparing which is the current quote has the Japanese dollar appreciated or depreciated.
Compute the path of the economy, that is , calculate real GDP, the price level, the inflation rate and real money stock for each year until GDP I swithin 1% of the potential. (limit calculated values to 10 decimals points)
Describe the history of Economic Shock in your selected country. Explain what causes Economic Shock has throughout Latin America.
In 1990, the GDP of Canada was $680 billion as measured in Canadian dollars, and the exchange rate was that $1 Canadian was worth 85 U.S. cents. By what percentage did the GDP of Canada increase from 1990 to 2000 in Canadian dollars?
Calculate the average GDP growth rate across both countries by each of the four Debt-GDP categories by employing the same weighting approach used by Reinhart.
If the price of processor chips used in manufacturing personal computers decrease, what will happen in the market for personal computers How will the equilibrium price and equilibrium quantity of personal computers change
Government play in affecting the supply also demand of a key commodity such as gasoline or electricity?
1. the price of french fries falls by 10 per cent and quantity of french fries demanded increases by 12 per cent. we
Suppose a room has a volume of 72 000 L (7.2 * 104 L). If the radon level is the maximum allowed
nbspthe last five months has seen inflation rising at a faster rate. five months ago inflation was rising at an annual
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
What is the difference between a shift in the demand curve, and a movment along the demand curve?
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