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!
Question 1: The table above gives some of the items in the U.S. National Income and Product Accounts in 2010.
ITEM
$
Wages
3,900
Consumption Expenditure
4,000
Taxes
400
Interest, rent, and profit
1,400
Investments
1,100
Government Expenditure
1,000
Depreciation
1,329
Net export
300
1. Calculate U.S. GDP in 2010? Precise which approach did you use.
2. Calculate the net domestic product?
3. I sell my car, a 2005 Chevrolet, for $5,000 in May of 2015. Does this transaction affect the GDP of 2015? Justify your answer.
Question 2: Use the following information to answer this set of questions.
Item
Price in 2012
Quantity in 2012
Price in 2013
Quantity in 2013
Price in 2014
Quantity in 2014
Bikes
$100
10
$150
20
Pencils
$1
100
$2
50
Telephones
$80
$60
80
a. Calculate nominal GDP for 2012, 2013, and 2014. Show the formula and the details of your calculation.
b. Calculate real GDP for 2012, 2013, and 2014 using 2012 as the base year? Show the formula and the details of your calculation.
Subject: Macroeconomics. Kindly answer the questions. Note: This Assignment accounts for 10 % of the student's final grade. Calculate real GDP for 2012, 2013, and 2014 using 2012 as the base year? Show the formula and the details of your calculation.
Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year? Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?
Some chains are requiring private owners or franchisees to make upgrades in their hotels, but they are having a difficult time enforcing the policy.
1. suppose annual salaries for sales associates from a particular store have a mean of 32500 and a
Suppose the effects of government policy, social diversity, and business ethics on recommendation.
What is equilibrium Y What are equilibrium consumption, private saving, public saving, and national saving How much does equilibrium income decrease when G is reduced to 200 What is the multiplier for government spending
Describe the shift in either the AD or AS (aggregate demand OR aggregate supply) curves, and in what range of the AS (if relevant), that would produce the following outcomes for the economy.
1. Assume the government has set a goal in 2016 to be more environmentally friendly; to meet this goal the government has come up with a strategy of providing consumers income tax credits for installing an energy efficient heating source:
suppose you are a painter and the price of a gallon of paint increases from 3.00 a gallon to 3.50 a gallon. your usage
Consider the equation: Y= C(Y-T) + I + G a. Calculate the total differential for this equation. b. Holding I and G constant, derive an expression for the tax multiplier (dY/dT)
You were asked to join a discussion between the high school administration and information system vendors on the information and technology needs at the high school based upon your background, education, and experience. In preparation for the upco..
British Prime Minister Lady Thatcher planned a poll tax that levied an equal amount of tax on every citizen regardless of his or her income.
Explain the events that lead to the most recent financial crisis. In your opinion, who is to blame?
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