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1. Classify each of the following items as a final good or service or as an intermediate good or service and identify which is a component of consumption, investment, or government expenditure on goods and services:
2. The transactions in Jupiter last year are in the table below. Use this data to
Item Dollars
GDP 1,400,000
Consumption Expenditure 700,000
Taxes 350,000
Transfer payments 150,000
Profits 300,000
Investment 350,000
Exports 400,000
Savings 400,000
Imports 350,000
3. The IMF World Economic Outlook reports the following unemployment rates:
Region 2010 2011
United States 9.6 8.5
United Kingdom 7.8 7.7
Japan 5.1 4.9
a. What do these numbers tell us about the phase of the Business cyc;e in the United states, the United Kingdom and Japan in 2011?
b. Do these numbers tellus anything about the relative size of the labour force participation rates and employment-to-population rations in the three regions?
How many units of phosphorus will these two firms emit if the phosphorus emissions are left unregulated? What is the socially optimal level of phosphorus emissions in the river?
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What is equilibrium price?What is the equilibrium quantity(Q)? Compute the consumer surplus a=384 b=296 c=0 d=112 e=-112 f= none of the above Compute the Consumer Surplus?
william j. bryan is the general manager of an electrical equipment plant. he must decide whether to install a number of
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Determine the optimal size of the shopping center (to the nearest 100 square meters) based on existing estimates of the demand for retail space.
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consider a simple two person economy in which the two citizens curly and moe can produce two different goods butter and
Show through a graph how a tax on a second good can increase welfare? What are the policy implications of this result? How does it apply to capital taxation?
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