How much has mario contributed to gdp

Assignment Help Econometrics
Reference no: EM131240801

Mario works part-time at Pizza Hut and earns an annual wage plus tips of $15,000. He sold 4,000 pizzas at $5 per pizza during the year. He was unemployed part of the year, so he received unemployment compensation of $3,000. During the past year, Mario = a used car for $1,000. Using the expenditure approach, how much has Mario contributed to GDP?

Reference no: EM131240801

Questions Cloud

Let market demand in the trinkets industry : let market demand in the trinkets industry be given by Q(P) = 55−P. There are only two firms in the industry, and the total cost function for each firm be given by C(qi) = 10 + 25q, where i = 1, 2. 1. Find each firm’s Cournot-Nash equilibrium output,..
What is the price elasticity of demand : The monthly price of internet access services decreases from $20 to $10, and the total quantity of monthly account across all internet providers increases from 100,000 to 200,000. What is the price elasticity of demand? Is demand elastic, unit-ela..
Expression in terms of the given quantities : A.) Write an expression in terms of the given quantities, for the magnitude of the bullet's acceleration, a, as it travels through the rifle's barrel. You may assume the acceleration is constant throughout the motion.
Develop test plan training plan and maintenance methodology : Develop test plan, training plan, and maintenance methodology for SanGrafix, a video game design company. Each test and maintenance methodology should include a method for testing applications, operating systems, network connectivity, speed, load ..
How much has mario contributed to gdp : During the past year, Mario = a used car for $1,000. Using the expenditure approach, how much has Mario contributed to GDP?
What is the plate separation : A parallel-plate capacitor has a plate area of 7.2 cm^2, and a capacitance of 9.3 pF. What is the plate separation? The value of the permittivity of a vacuum is 8.8542 × 10-12 C^2/N · m^2. Answer in units of m.
Write a draft of research paper with several components : Write a draft of research paper with several components. - An outline of your research and the intended direction of your argument.
What are some superconductivity materials : What are some superconductivity materials? Lists as many as you can. And describe their nature, functions, names, how they apply to other fields in the world.
What is the income elasticity of wheat : The market demand for wheat is Q = 100 - 2p + 1pb + 2Y. If the price of wheat, p, is $2, and the price of barley, pb, is $3, and income, Y, is $1000. Then what is the income elasticity of wheat?

Reviews

Write a Review

Econometrics Questions & Answers

  What would the fed do if wanted to raise interest rates

During the summer of 1997, Congress and the president agreed on a budget package to balance the federal budget. The "deal," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997, contained substantial tax cuts and expen..

  What does saying that a currency is overvalued mean

What does saying that a currency is overvalued mean? Why is an overvalued currency a problem? What can a country do about an overvalued currency?

  Find the relationship between the regularization parameter ?

Find the relationship between the regularization parameter λ in the ridge formula, and the variances τ and σ2

  Is there an equilibrium in which all workers are hired

Suppose that workers value their time anywhere between $0/hour and $50/hour, with every value between 0 and 50 being equally likely. A worker will take a job only if the wage is above the value of his time. Suppose that if a worker takes a job.

  Calculate tonys average cost curves atc and afc

Tony owns a fancy Italian restaurant, Tony's Trattoria. He uses only the finest ingredients and hires the best chefs in the country. Suppose Tony's total cost function is given by the following relationship: TC =100 +10Q +Q^2 , where Q is the numb..

  How to determine the least costly alternative

Two production lines are under evaluation. One uses waterjet cutting technology and has an initial cost of $100,000 , an annual operating cost of $10,000 , a useful life of 5years, and a salvage value of $70,000 at the end of 5years.

  Calculate the rate of return represented by the cash flow

A $40,000 investment you made yields annual payments of $22,000, $14,000, $17,000, $25,000, and $38,000 at the end of the next 5 years respectively. Calculate the rate of return represented by this cash flow to three significant figures.

  What other options might be open to the government

the equilibrium national income is €100,000. thegovernment estimates that full employment would be achieved atalevel of income of €110,000. the mpc=.8, the mpm=.3 a)how much of government spending would be needed to achieve full employment

  How does their involvement impact health care organizations

Show that at any other output level, the net benefits to society will be lower than they are at the efficient level. (Remember, the marginal cost of increasing output from 4 to 5 units is $9, which is also the amount by which cost decreases in goi..

  Find an expression for the breakeven price

Suppose a firm operates as a price taker in a perfectly competitive industry. The firm's Total Cost function is given by TC = a + bQ +cQ2. Therefore the firm's marginal cost is given by b +2cQ. Find an expression for the Breakeven Price.

  How each of the factors would shift the demand curve

An advertising campaign that makes people more aware of the benefits of chiropractic care

  What would be the primary obstacle to overcome

In doing so, what would be the primary obstacle to overcome in implementing such a policy?

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