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Q. Given the following annual information about a hypothetical country, answer questions a through d.Billions of DollarsPersonal consumption expenditures $200Personal Taxes 50Exports 30Depreciation 10Government Purchases 50Gross private domestic investment 40Imports 40Government transfer payments 20 a. What is the value of GDP?b. What is the value of net domestic product?c. What is the value of net investment?d. What is the value of net exports?
Explain how many hours of leisure does she consume. How many dollars of consumption does she consume.
Calculate the point elasticity of the firm's total sales revenue with respect to the amount of labor used when q = 2.
Calculate equilibrium quantity. Now suppose that the government imposes a tax on consumers of $1 per unit. Recalculate the prices for consumers and producers, and the quantity sold.
The constant or intercept term in a statistical demand study represents the quantity demanded when all independent variables are equal to:
If I produce 20,001 copies my total cost will rise to $750.02, therefore my marginal cost of producing copies must be increasing.” Draw a graph to illustrate your answer.
smaller multiplier means that change in government purchases of goods and services, government transfers, or taxes necessary to close an inflationary or recessionary gap is larger. How can you explain this apparent inconsistency.
summarize how the test affected the court proceedings. Submit your paper as a Word document to your instructor. Remember to correctly cite your sources.
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
write down expression for marginal revenue. choose the quantity and the price to maximize profit, assuming firm can only charge one price.
He decides to assign his grades for his current course such that top 15% of students receive an A. What is lowest average a student can receive to earn an A.
As the United States economy moves out of a recession, U.S. financial investors increase their purchases of stocks that are expected to earn a higher rate of return than they are currently earning on their savings account deposits.
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