Refer to the information provided in Table Table $Billions Compensation of employees Proprietors' income Corporate profit Net interest 475 60 40 25 Rental income 10 Deprecation Indirect taxes 70 40 Direct taxes 80 Subsidies 15 Pay ments offactor income to the rest of the world Receipts of factor income from the rest of the world 20 15 Refer to Table The value of disposable income in billions of dollars elect one: a. cannot be calculated given the information in Table b. is 505. C. is 605. O d. is 560.
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- Class Activity - X Class Activity i ces + O8 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%25 Year Average Income 1 2 3 4 The table shows the average income of households and the quantity demanded of products M and N at different prices and leve income. Saved Quantity of M 105 95 85 95 $44,000 44,000 44,000 50,000 Price of M $2.40 2.70 2.70 2.70 a) What is the price elasticity of demand for product M between years 1 and 2? Round your answers to 2 decimal places. 087 52Fnewconnec Price of N $18 18 26 26 Quantity of N 820 800 780 810 b) What is the price elasticity of demand for product N between years 2 and 3? Round your answers to 2 decimal places. c) What is the income elasticity of demand for product M between years 3 and 4? Round your answers to 2 decimal placesThe table below shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions of dollars, at various interest rates. InterestRate QuantitySupplied QuantityDemanded5% 98 2216% 129 1917% 160 1608% 178 1429% 196 12410% 214 106 What is the equilibrium interest rate and quantity of loaned funds? r = % Q = Suppose there is a decrease in demand of money, what will happen to interest rates and quantity? Increase in Interest Rates, Increase in Quantity?Increase in Interest Rates, Decrease in Quantity?Decrease in Interest Rates, Increase in Quantity?Decrease in Interest Rates, Decrease in Quantity?Nimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…
- What are the nonincome determinants of Consumption and Savings?Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 2a. Compute the weights of each of PCE, GPDI, NX and GOV) in GDP 2b. Consider the following rates of change (%) for each of the above items. % change PCE 10.70% GPDI -5.00% NX -6.80% GOV 6.30%Consider the following NIPA data for 1Q2021 (First Quarter 20210 $ billlion) Investment: Non Residential $2,948.3 Exports $2,305.3 PCE Goods $5,183.5 Investment: Residential $1,043.7 Government Expendiures Federal $1,557.0 PCE Services $9,857.7 Imports $3,152.3 Governemnt Expenditures : State and local Goernent Expenditures $2,395.9 Change in private inventories -$90.1 1. Write the formula for GDP Compute the following: 2. Personal Consumption Expenditures (PCE): 3. Gross Private Domestic Investment (GPDI) 4. Net Exports (NX) 5. Government Expenditures (GOV) 6. GDP
- ex.html?_côn=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlew YouTube A Maps A 21F_ENL1813_451... at 1- Counts for Marks i Saved Help A business whose only inputs are labour and capital expands its employment level in the long run from 12 to 18 workers and its capital from 4 to 6 machines. Write out dollars and cents, e.g. $1.00 or $0.10 for any monetary amounts entered as solution below. Assuming that the daily wage of $100 and the daily upkeep (including wear and tear) per machine of $20 remain constant in the long run, identify the relevant returns to scale and the change in long-run average cost if daily output were to expand in each of the following possible ways. a. If daily output expands from 60 to 120 units then in this output range the business is experiencing (Click to select) while long-run average cost is (Click to select) v returns to scale At 60 units long-run average cost is $ | and at 120 units it is $ b. If daily output expands…What are GAAPs? List and explain ten GAAPsDo answer and explain plz.
- What is deflation?tudy Tools s ss Tips s Tips Point A TAX REVENUE (Billions of dollars) C D 20 Complete the following table by indicating what the government should do in order to maximize tax revenues if it is operating at each of the points listed. + OOO с $ INCOME TAX RATE (Percent) xo Raise Tax Rates Lower Tax Rates Keep Current Tax Rates O O O ooo 100 % MacBook Pro G Search or type URL & * O ( O C 11 A-ZView History Bookmarks Tools Window Help Coy, Jonnifer - Outlo X C Martin County School District X S MyPath - Home Content https://ezto.mheducation.com/ ext/map/index.html?_con%3Dcon&external_browser%3D0&launchUrl=https%25 Saved Level of Output and Income (GDP= DI) Consumption Saving APC APS MPC MPS S480. $-16 520 560 16 60 32 640 48 680 64 720 80 760 96 800 112 Des Instructions: Enter your answer as a whole number. b. What is the break-even level of income in the table? What is the term that economists use for the saving situation shown at the $480 level of income? (Click to select) Y c. For each of the following items, indicate whether the value in the table is either constant or variable as income chanc The MPS: (Click to select) The APC: (Click to select) The MPC: (Click to select) The APS: (Click to select) aw Prev 1 of 1 JAN 11 %24