If nominal GDP decreased by 3 percent and the GDP deflator increased by 1 percent, then real GDP falls by 4 percent approximately   True False

Q: 1.differentiate Entrepreneurs and businessmen.

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: . Explain the difference between inflation, deflation and Hyperinflation. Provide examples for each.

A: Inflation: It refers to a sustained increase in the price of goods and services in the economy over…

Q: Find the number of people employed in the country from the articel. Explain your reasoning.

A: Employment rate measures the percentage of people Employed out of total labor force.

Q: Problem 1 Gilded Question In 1923, one ounce of gold cost 380 French francs (FRF). If, at the same…

A: The international market is known for exchanging products and services between two or more nations.…

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly…

A: Absolute advantage refers to a nation's ability to produce products efficiently and effectively at a…

Q: Price of Clothing Market for Clothing in Pakistan Domestic Demand Quantity of Clothing Domestic…

A: Selling of goods and services from the home country to a other country is called as export, while…

Q: If a country produces the following items during the year, calculate GDP. Item Quantity Price Market…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by a…

Q: What makes a commodity perishable? A. Mark-up and mark-down of prices B. The estimated length of…

A: Types of goods as per the time length of use are durable goods and Perishable goods.  Above…

Q: 11. Country A and country B both have the production function Y=F(K, L) = K¹/2 [1/2 a. Does this…

A:

Q: Suppose that Georgiania was a thriving empire in its golden age. Business was booming and it was the…

A: Introduction: Economics is the study of how goods are produced, transported, and utilised. It…

Q: savings account pays an interest rate of 6%, compounded annually. A deposit of $1,000 will have rown…

A: Future Worth (FW) FW is the determined amount that will be available on a future date letting the…

Q: (including premium) if the spot rate at the end of 90 days is $0.8000/S$? 5) Mexico was famous-or…

A: When a nation purposefully lowers the value of its own currency relative to a foreign currency, this…

Q: An American company decide to invest $ 250 m in Jordan the current EX is 0.75$/J the project start…

A: Amount to be invested = $250m J= $0.75 As per IRPT(Interest rate pricing theory)

Q: 5. In the long run, (1) which market structures are likely to have their average cost curve just sit…

A: The Long run is the time period when all aspects of production are variable and can therefore be…

Q: 5. When the price of widgets was reduced from $600 to $450, the quantity of tingde ers went from…

A: Price of Widgets  Quantity of Tingdeers 600 9000 450 11000

Q: 56) Refer to Table 8.3. What is the total cost of producing zero units of output? A) $0 B) $30 C)…

A: Costs of production refers to the amount involved in producing the goods and services, these costs…

Q: To travel to Japan via private plane, Jamaica made a P100,000 loan which is to be repaid over a term…

A: The sinking fund deposit is the amount of money that the borrower must pay into a special account,…

Q: Refer to the following computer output from estimating the parameters of the nonlinear model…

A: Given information: We have given a non-linear model i.e., Y = aRbScTd In order to transform the…

Q: 6. Provide a detailed analysis of the Second Welfare Theorem of Economics

A: The second welfare explains that Pareto efficient allocation is possible if all consumers have…

Q: The Latin term, "Ceteris paribus,” refers to: a. The outcome of an economic analysis. b. The…

A: An economist measures the cause and effect among two separate economic variables in a relationship…

Q: What will be the quantity supplied by country 1 to the rest of the world at a price of 11? a) 5 b)…

A: Country 1 will supply to the rest of the world if, at the world price, country 1's domestic supply…

Q: DATASET 1 Table 1 gives data for real consumption expenditure, real income, real wealth, and real…

A: As per guidelines we are allowed to answer the first three subparts only please post the remaining…

Q: 8. (2010-5) Which of the following is an example of fiscal policy? (A) Increasing government…

A: Fiscal policy is one of the economic policies used by the government to influence the aggregate…

Q: LAST CHANCE BANK OF TOMBSTONE ASSETS cash in the vault: deposits at Fed US treasury bonds: loans:…

A: Given: Demand deposits = $5,000,000 Required reserve ratio = 5% Excess reserves = ?

Q: Suppose the price elasticity of demand for the market of mobile phones is 0.90.   If all…

A: The ratio of a product's percentage change in quantity demanded to its percentage change in price is…

Q: 8 The table below shows the demand curve facing a monopolist who produces at a constant marginal…

A:

Q: Tonyo saves PHP 1,000 per month and increases by PHP 20 per month with the first deposit being made…

A: Given : Interest rate (i) = 3% effective per month. Payment amount (PMT) = PHP 1,000 per month…

Q: 1.9. Consider a hybrid method that works as follows. The voters register their weight in ounces…

A: Voting in economics means collaborative decision-making. This includes shareholder or democratic…

Q: 12.Comparing credit facilities by sector in Jordan in 2017, the highest credit facilities were going…

A: Given questions are asking about various questions related to different sectors in Jordan:

Q: 3. What does it mean to be out of the labour force? Explain in detail.

A: The labor force implies the number of people of working age, generally considered as fifteen to…

Q: 3. A debt of P92,000 will interest at 14% compounded quarterly is to be discharge by 16 equal…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Explain the factors that drive profits to zero in perfectly competitive markets in the long run.…

A: The perfectly competitive market produces where the demand and supply are equal. The each firm is…

Q: Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that…

A:

Q: Assume that an invoice for P150,000 with terms 2/10, n/30, is to be paid within the discount period…

A: A discount is a reduction in the full price of a product or service. It can be offered for a variety…

Q: • 1) The San Diego Zoo is contemplating a stuffed panda bear advertising promotion. Annualized sales…

A: 1) Quantity demanded in economics refers to the total measure of a service or item which consumers…

Q: What is the value for this economy's nominal GDP in year 3? What is the value for this economy's…

A: Nominal GDP measures the value of the total production within an economy in a year when valued at…

Q: Multiperiod Consumption-Saving Plan Assume a person is 35 years old and plans to retire at age 65.…

A: Life-cycle Hypothesis: Developed by Modigliani et al, the life-cycle hypothesis shows the…

Q: Explain the fectiveness of monetary policy in an open economy. Explain in your own words (maximum 5…

A: The Marshall-Lerner condition states that an open economy will be able to get benefit from the…

Q: 2. The table below shows the prices and the quantities of meat consumed in Meat-Loversville. Suppose…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three subparts for…

Q: The price of food increased during the past year. • Discuss why the law of demand applies to food as…

A: Law of demand refers to the economic model to explain the downward sloping demand curve for a normal…

Q: 6. Multiple Chunce Question. Which of the following are likely the medium-run effects of a decrease…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: What is the Hicks Paradox?

A: A Pareto-efficient economy allocates or distributes economic resources in the most cost-effective…

Q: Is rank efficient allocation must always be pareto efficient? Explain

A: Pareto efficiency is a concept in economics and game theory that refers to an allocation of…

Q: Suppose the demand and supply curves in the market for peanut butter are traditionally downward and…

A: A good's supply is the quantity produced and made available for sale by producers at various prices…

Q: Suppose it is revealed that students who achieve academic success (e, high grades) tend, on average,…

A: The statistical relationship b/w two or more variables is referred to as correlation in economics.…

Q: A prisoner is trying to escape from jail. He can attempt to climb over the walls or dig a tunnel…

A: Normal and Extensive form game: In the normal form game, the payoffs are shown using a matrix with…

Q: The Slutsky equation decomposes consumer and producer surplus The sum of ordinary and giffen goods…

A: The effect on demand for any price change can be explained by the substitution effect and the income…

Q: There are two political parties, the red and the blue party. The elections are approaching and each…

A: In the field of game theory, the best response of a player is the player’s strategy which generates…

Q: 10. Open Question. Consider two bonds, one issued in Tunisian dinar (TND) in Tunisia yielding a…

A: The exchange rate is the relative currency price or the rate at which domestic currency is exchanged…

Q: Open Question. Ellen is given the following labor market data: Unemployment rate (u): 5.0%,…

A: Given  Unemployment rate u=5% Participation rate =62.5% Number of people not in the labor force =60…