User Account

All Pages

Calculate gdp in each period

Assignment Help Macroeconomics
Reference no: EM131344704

Assume an economy with 4,000 households. each households has real income y1=700 and y2=800.

1. Use the income approach to calculate GDP in each period, denoted by Y1 and Y2 respectively

2. Each household pays a lump-sum tax of 100 units in the current period and 120 units in the future period. What is the total tax revenue in each period, denoted by T1 and T2, respectively?

Reference no: EM131344704

Questions Cloud

Microwave popcorn facility : One significant industrial hygiene related situation that occurred in the not too distant past involved workers at a microwave popcorn facility who were diagnosed with a debilitating lung disease known as bronchiolitis obliterans.
Compose a short analysis and reflection of your posts : Compose a short analysis and reflection of your posts. You can quote briefly from your own posts or refer to specific ideas from the readings and research covered in this course.
Provide examples of made-to-stock and assemble-to-order : Provide examples of made-to-stock, assemble-to-order, and make-to-order products available in your area. What advantages do you see in moving from make-to-stock to assemble or make-to-order?
Apply the extended version of porters national diamond : Apply the extended version of Porter's National Diamond (PND) model to the South African soft drinks industry.- discuss the advantages, appropriateness and limitations of using Foreign Direct Investment (FDI) as an entry strategy to South African so..
Calculate gdp in each period : Assume an economy with 4,000 households. each households has real income y1=700 and y2=800. Use the income approach to calculate GDP in each period, denoted by Y1 and Y2 respectively
Certification of environmental management system : In addition, you are to recommend whether or not your organization should work toward certification of its environmental management system by ISO 14001 standards. Be sure to explain why or why not and provide adequate support for your stance.
Describe issues of corrupt business practices in the country : BUS 302- Choose a country of your choice and describe issues of corrupt business practices in the respective country. Provide examples and describe whether or not there has been a resolution.
Develop and enforce task and communication norms : The comment was made that norms are implicit and tend to develop over time. However, it was also observed that virtual teams cannot afford the luxury of such a passive process and need to take proactive steps to establish explicit norms.
Industrial manufacturing of furniture : You are asked to explain whether or not your organization (industrial manufacturing of furniture) should pursue ISO 14001 certification for its environmental management system. Provide a summary of your recommendation, along with supporting detail..

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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