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!
Consider an economy that consists of a coal producer, a steel producer, and some households. In a given year, the coal producer makes 15 tons of coal and sells it at $5 per ton. The coal producer pays $50 in wages to households. The steel producer uses 25 tons of coal as an input to production, all purchased at $5 per ton. Of this, 15 tons are from the domestic coal producer and 10 tons are imported. the steel producer makes 10 tons of steel and sells it at $20 per ton. Domestic households buy 8 tons and 2 tons are exported. the steel producer pays $40 in wages. All profits made by domestic producers go to domestic households.
a. Calculate GDP using each of the three approachesb. Calculate the current account surplus and GNP. If the coal producer is instead owned by foreigners, what is GNP?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Her salary rate is $8 every hour and she has 15 hours per day to allocate between labor and leisure.
Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations a..
Boeing believes there is a 50% chance that either government will grant the subsidy, and that the subsidy decision will be made simultaneously and independently, with no collusion between governments. Boeing must invest in the project before they ..
Wealth in the United States has grown steadily. If wealth were the only factor affecting currency demand, what do you expect would have happened to the currency-deposit ratio over time?
Calculate the 4 firm Oligopoly concentration ratio using the following numbers: Total Industry Sales = $1,000,000
A machine is set to fill the small size packages of M&M candies with 56 candies per bag. A sample revealed: 3 bags of 56, 2 bags of 57, 1 bag of 55, and 2 bags of 58. How many degrees of freedom are there
If the cost of a substitute product increases, which of the following is most likely to happen in the market for the product under consideration in the short run.
Assume that you're a member of the Board of Governors of Federal Reserve System. The economy is experiencing a sharp decline into a recessionary phase of the business cycle.
Explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
Benefit-cost ratio analysis and an 8% MARR, determine which alternative, if any, should be selected.
If the nominal GDP is $559 billion in the base year, and it rises to 577 in Year 1, and 605 in Year 2, what is the real GDP in each year, given that the price index has risen from 100 to 104.5 in the first year and up to 108.3 in the second year?
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