Transfer payments have on country gross domestic product

Assignment Help Business Economics
Reference no: EM13898341

In at least three well composed paragraphs, please describe the effect that changes in business taxes, personal income, and transfer payments have on a country’s gross domestic product (GDP).

Reference no: EM13898341

Questions Cloud

Level consistent with the secular growth trend : During a business cycle, typically output can be below the level consistent with the secular growth trend: A. only at the peak (top) of the cycle. B. only at the trough (bottom) of the cycle. C. whether the economy is expanding or contracting. D. at ..
What would the coase theorem say about the two rules : In Virginia, the common law has long held that if a neighbor's tree encroaches on your yard you may cut the branches as they cross the property line, but any damage the tree does to your property is your problem. Which rule is better: the new rule or..
Calculate the price and quantity for the monopolist : The market supply and demand functions for a product traded on a perfectly competitive market are given: QD= 40-P, QS = -5+4P, Based on this information, calculate the equilibrium price and quantity in this market. Now, suppose the competitive market..
Call the additional revenue per unit marginal revenue : The price-quantity relationship has been estimated for the new prostate cancer blood test: Q = 4,000 – 20 × P. Use a spreadsheet to calculate the quantity demanded and total spending for prices ranging from $200 to $0, using $50 increments. For each ..
Transfer payments have on country gross domestic product : In at least three well composed paragraphs, please describe the effect that changes in business taxes, personal income, and transfer payments have on a country’s gross domestic product (GDP).
Changes in tastes reduce the demand for wheat substantially : Changes in tastes reduce the demand for wheat substantially. What happens to price and output in the market for wheat? What happens to the price, output, and profits of the individual wheat farmer in the short run? Illustrate with diagrams.
What is its sales volume and revenue at this price : A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P, where Q is sessions per month and P is the price per session. a. The clinic currently charges $80. What is its sales volume and revenue at this price? b. If the clinic raised its..
The percentage change in real gdp : In 1998 real GDP was $4000 billion. Then, in 1999, nominal GDP was $5445 billion, while the general price level increased 10 percent in 1999. Given this information, the percentage change in real GDP from 1998 to 1999 is: A. 10.1% B. 12.5% C. 19.2% D..
Explain how debt reduction in developing countries : Explain how debt reduction in developing countries can improve the economies of advanced countries.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what can we conclude about the income elasticity

Illustrate what can we conclude about the income elasticity of demand?is it positive or negative. what class of goods candy bar belongs to.

  Acquisitions are entry strategies for expansion

Acquisitions are entry strategies for expansion through the purchase of an existing organization, a unit of an organization, or a product or service.

  Identify the consumer and producer surplus on the graph

Assume that the market for Coca-cola in your area is perfectly competitive, with Demand P= 11-0.1Qd and supply P= 1+ 0.1Qs. Each firm that sells Coca-cola is indentical, with Total Cost TC= 1+0.5Q+2Q? Identify the consumer and producer surplus on the..

  Which strategy profiles are pareto optimal

There is a dollar on the table, which each player can try to grab. If only one player grabs, G, and the other does not, D, the player who grabs gets the dollar and his payoff is 1, while the other player's payoff is 0. If both players try to grab at ..

  Consumer derives satisfaction from consuming tacos

Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a “buy three, get one free” deal at Taco Bell (limit one free t..

  Compute the coefficient of variation

Compute the coefficient of variation for each project and Classify the preferred project according to this criterion.

  Compute the competitive equilibrium price and quantity

Consider a market with demand function D(p) = 1000 ? 10p and aggregate supply function S(p) = ? 200 + 20p if p ? 10 [and S(p) = 0 otherwise]. Compute the competitive equilibrium price and quantity, as well as the equilibrium value of consumer surplus..

  Find out the equation price and quantity

demand for a good of an industry is given by the equation pq=100, where p is the price and q is quantity and supply is given by the equation 20+3p=q. find out  the equation price and quantity

  What about marginal cost of subsequent doses

Using information given: What is average cost of first do these of a new drug. What about marginal cost of subsequent doses? Is this consistent with behaviour of costs for an information product.

  Withdraw any money from account

If you deposit $2000 in a bank and if the annual interest rate is 2% in year 1 and 5% in year 2 and 8% in year 3, how much money will you have in your account at the end of year 3 if you don’t withdraw any money from this account? Explain your answer..

  Analyst at the treasury department

As an analyst at the Treasury Department, you have been asked to predict the behavior of key macroeconomic variables for different scenarios on the state of policy between the US and Europe.

  Compounded quarterly will quadruple in amount

A sum of money invested at 10% interest, compounded quarterly, will quadruple in amount in approximately how many years?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd