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!
Nominal GDP, Real GDP and Inflation
Consider an economy where only three products x,y, and z are produced and sold for the prices indicated below:
Product;(Base year price);(Current year price);(Current year production)X; $1; $2; 200Y; $4; $5; 50Z; $5; $6; 100
A. What are the values of nominal GDP and real GDP in the current year?
B. Explain the difference between the two answers in a.
C. What is the major advantage of the real GDP measure? The disadvantage?
D. Construct a price index giving all products equal weight. What is the rate of inflation?
Explain how much control might an organization have over pricing based on a product's elasticity
The Heckscher-Ohlin model assumes that tastes are the same in Home and Foreign. Suppose now that tastes are different in Home and Foreign.
When the Bank of Canada sells the government bonds to a commercial bank, the commercial bank experiences a decline in reserves and in increase in bonds. Total assets are unchanged; this is just a portfolio switch between bonds and cash.
Graph the accompanying demand data, and then use the midpoint formula for E d to determine price elasticity of demand for each of the four possible $1 price changes.
If the reserve ratio is 15 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the relevant monetary multiplier for the banking system will be:
Describe why the following statement is true: It is possible for average variable cost (AVC) to rise while average total cost (ATC) declines.
Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
Important information regarding Price Elasticity of Demand and Total Revenue
Suppose, in a given week, float raises $900 million, Treasury deposits at the Fed rise $1500 million, discounts and advances decline $200 million, and foreign deposits at the Fed increase $150 million.
Explain why is the depreciation of capital good a cost of society
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers.
Suppose a monopolist with cost function C (Q) = 3Q selling to 2 segments of consumers where Q is total output produced by the monopolist in both markets. If the monopolist can use a single two-part tariff, compute the two part tariff that will maxim..
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