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- Wages, dividends, interest, rent = $500 Households Consumer spending = $400 Taxes = $100 Factor markets Government Goods and services markets Wages, dividends, interest, rent = $500 Firms Imports = $30 Government purchases of Exports = $30 goods and services = $100 Reference: Ref 7(22)-1 Figure 7-1: Circular-Flow Model Rest of world (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is a decrease in exports, holding everything else constant, which outcome is likely to occur? A) a decrease in the nominal GDP B) an increase in the real GDP C) a decrease in the unemployment rate D) an increase in the inflation rateThe following diagram shows select information for an economy made up of three industries for a particularly year. i+wtr+p Industry 1 f-40 10 Hwtrtp -0 20 90 30 Industry 2 +f-160 i+wtr+p f-0 Industry 3 m- 100 iminterest, wwages/salaries;r=rent pprofit, m=intermediate inputs, s= maket value of total industry output; f=market value of industry output sold as 'final' products. Note: All values are in billions of doll ars What is the gross domestic product (at factor prices) for this economy? none is correct O $400 billion O $600 billion O $330 billion 24237/take/gustion/200 EXSuppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situation?
- 16. The input-output (million dollar) table for a two-sector economy is given as follows: |Input to sector AInput sector B Final Demand Total Output Output from Sector A Output from Sector B Other inputs Total Input 6 7 1 ? ? a. What is the basic assumption underlying the input- output model? b. Complete the above table (fill-entries denoted by ?). c. Write the matrix of technical coefficients. d. Calculate the total output required from each sector when the final demands are 12 and 9 respectively.can you explain Gig Economy in Tourism? (https://zety.com/blog/gig-economy-statistics?utm_source=google&utm_medium=sem&utm_campaign=6482924844&utm_term=%2Bgig%20%2Beconomy&network=g&device=c&adposition=&adgroupid=85084943480&placement=&gclid=CjwKCAjw-qeFBhAsEiwA2G7Nl2Vd7sNQPAsoX8VELgZCmkzrAltKhbPzNuqzHUZ1-x0LFLMWp3l2hhoCPhMQAvD_BwE)Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure Approach
- Chrome du.om/mod/quiz/attempt.php?attempt 199758&cmid=11765&page=1 matics for Business and Economics(1) purse 'Mathematics for Business and Economics(1) A firm's production is Q70L-0 01L Where Q denotes outputiand L denotes the size of the workforce calculate the value of MP when ()L= 10 100 page Next page rch Bb* VHL Central Dashboard * VHL| Aventuras 6e X P Course Home du/d21/Ims/quizzing/user/attempt/quiz_start_frame_auto.d21?0U3D2481027&isprv=&drc3D0&qi3D4100319&cfq ne Left:0:52:06 Carteria Richardson: Attempt 1 Question 2 (50 points) Listen 2. Two countries are willing to trade and they have the following information: Country A produces 1000 units of wheat and 500 units of cell phones in a year. Country B produces 600 units of wheat and 400 units of cell phones a year. Both countries have the same population. a.) Find the comparative advantage of each country. b.) If they engage in trade what product will each country export and import. Paragraph I ヘ+ Lato (Recom.. v 19px. MacBook ProSession 2 Questions 44 and 45 are open-response questions. ws BE SURE TO ANSWERAND LABEL ALL PARTS OF EACH QUESTION. Show all your work (diagrams, tables, or computations) in your Student Answer Booklet. If you do the work in your bhead, explain in writing how you did the work. Write your answer to question 44 in the space provided in vour Student Answer Booklet. The graph below shows the birth rate and the death rate of a mouse population ovet a three-year period. The immigration rate and the emigration rate of the population are equal. 44 Birth Rate and Death Rate of a Mouse Population Year 3 Year 2 Year 1 Time Key Death rate Birth rate a. Describe what happens to the size of the population for each year shown on the graph. Explain your answers. b. Identify three factors that could affect the death rate of the mouse population, and explain why each factor affects the death rate. 100 rient. Birth and Death Rates
- The 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?Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulusWages, dividends, interest, rent = $500 Households Consumer spending = $400 Taxes = $100 Government Factor markets Goods and services markets A) $0 Government purchases of Exports goods and services = $30 = $100 Reference: Ref 7(22)-1 Figure 7-1: Circular-Flow Model B) $30 C) $60 Wages, dividends, interest, rent = $500 Firms D) $100 Imports = $30 (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. What are net exports? Rest of world Listen
