Economy of dreamland is initially

Assignment Help Business Economics
Reference no: EM133224109

Question 

Jacinda is the queen of Dreamland. The economy of Dreamland is initially described by the following equations: C=150+0.6 YD I=250 G=200 T=200

Jacinda wants to increase GDP by 120. She hopes that by doing a government transfer to the people of Dreamland of an amount of "x" she can reach her goal. You are her economic advisor. Calculate the amount "x" so that Jacinda reaches her goal. Show your derivations.

Reference no: EM133224109

Questions Cloud

Consider infinitely repeated version of this game : Consider an infinitely repeated version of this game, where in each period each company decides to collude or not to collude.
Lions and hyenas coexist in the savanna : Lions and hyenas coexist in the Savanna. Is having population of all lions evolutionarily stable with respect to hyenas?
Market for adventhealth emergency department : What are three major determinants of demand in the market for AdventHealth emergency department ?
Shopee prohibits price manipulation : According to the article Shopee prohibits price manipulation and fake six counts and also suspends listings with misleading discounts for a first offence
Economy of dreamland is initially : Jacinda is the queen of Dreamland. The economy of Dreamland is initially described by the following equations: C=150+0.6 YD I=250 G=200 T=200
Compensating wage differentials-income versus paid vacation : Imagine a labour market where workers care about only two aspects of their compensation when choosing employers: wages and paid vacations
What is marshall theory of unemployment : What is Marshall's theory of unemployment? What is Keynes' theory of consumption? Why does unemployment increase in a slump?
Proposal for single-payer health care reform : If you are strongly opposed to both, explain why. Some things that you might consider are how the costs of care are distributed across the population
Asset auctions in sweden : In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder.

Reviews

Write a Review

Business Economics Questions & Answers

  What happens to relative wage of skilled workers in country

Two countries, Canada and Japan, produce two goods, Phones (P ) and Phone Apps (A), using two factors, Skilled labor (S) and Unskilled labor (U). Phones are Skilled-labor intensive and Apps are Unskilled-labor intensive. Show how the PPF changes in e..

  Expanding its facility and needs to add equipment

Acme Semiconductoris expanding its facility and needs to add equipment. There are three process tools under consideration. You have been asked to perform an economic analysis to select the most appropriate tool to acquire. You have gathered the follo..

  Based on immigration lecture and lessons on immigration

Based on the Immigration lecture and the lessons on immigration in this unit, explain the costs and benefits of immigration. What other costs or benefits to immigration would you add to this list? What are some immigration policies that you agree wit..

  Competitive firms short-run production process

If marginal cost is rising in a competitive firm's short-run production process and its average variable cost is falling as output is increased, then: A. average fixed cost is constant. B. marginal cost is below average variable cost. C. marginal cos..

  Optimal prices for the high-value and low-value groups

Suppose there are 10 individuals who value a good at {$10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the MC is $1.50, what is the optimal price? Calculate the number of units that are sold, total revenue and total profits. Calculate the optimal prices ..

  Equation of the aggregate demand curve

Please help with f) and g) determined the correct answers consider the following economy.Derive the equation of the aggregate demand curve AD. [Hint: Replace the equilibrium interest rate in either the IS or LM function. This should give you the AD c..

  Concepts to evaluate a current issue or situation

Write a 1,050- to 1,400-word paper that uses two to three economic tools and concepts to evaluate a current issue or situation that exists in today's health care industry. Some examples of economic tools and concepts are supply and demand curves, ..

  Calculate the current equilibrium output of this economy

Consider a hypothetical economy without government or international trade. Households spend $0.90 of each additional dollar they earn and save the remaining $0.10. Even when they have no income, they spend $100 in total. Firms plan a total of $150 in..

  Presentation on networks and networking suitable

Prepare a power point presentation on networks and networking suitable for work areas for the company you are currently employed in.

  Discuss individual behavior theory in support of your choice

Drawing on what you have learned so far, what type of products or business would survive in a recession? Please discuss individual behavior theory in support

  Arizona english language learner assessment

Using the AZELLA module as a source, write a reflection that addresses the following questions:

  Labor and capital are substitutes in production

A price taking firm chooses its inputs to maximize short-run profits. Its Cobb-Douglass production function has the following form: q(L, K) = L^(1/2) K ^(1/3). Set up the profit function in terms of labor only. Another price taking firm chooses its i..

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