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Consider the following aggregate expenditure model of an economy:C = 50 + (8/9)Yd T = (1/4)Y I = 100 G = 150 X = 100 IM = (1/3)Ywhere C is consumption, Yd is disposable income, T is taxes, Y is national income,
Yd = 450Y = 600
Calculate the government's budget surplus or deficit at the equilibrium level of income. Calculate thetrade balance (net exports). Illustrate the trade balance in a diagram of net exports as a function of national income.
How would population growth effect the dynamically efficient allocation, given the model in question 2 the second period has a higher demand for the depletable resource. What effect would the addition of population growth have on the efficient all..
Mathew's utility function implies that the marginal utility of apples is 0.5vX/Y and the marginal utility of hotdogs is 0.5vY/X . How many apples and hotdogs will Mathew buy?
How would these two changes together affect John's desired health capital - Draw his budget line with respect to his labor-leisure choice.
q1-you are on the board of directors of a nonprofit art museum supported by donations from wealthy members of the
beth and bob salerno are looking at a home loan of 250000 and have been quoted 3.75 for a 30 year loan compounded
Compare the political scientist's view of government and economic policymaking and the Public Choice conception of politicians, bureaucrats and special interest groups in the political process. Which do you consider to be more realistic for unders..
Suppose you are starting your own Internet business. You make a decision to form a company that will sell cookbooks online. You estimate that the yearly cost of this business will be given as follows:
Law of Demand indicates that there is the inverse relationship between price and quantity, why does it matter which particular mix of price and quantity is selected?
Consider the following data on an automobile: Cost basis of the asset, I=$15,000 Useful Life, N=5 years Estimated salvage value, S=$5,000 what is the annual depreciation if straight-line depreciation method is used?
What is the effect on EOQ and total cost if there is a 44% increase in carrying charges? (Note that carrying charge change from 10% per year to 20% per year would mean an increase of 100% in carrying charges.)
If they pursue this policy, what happens to the amount of investment in the economy? Graph a AD/AS model with sticky wages AD/AS model and explain with words how the Australian government with the help of the Reserve Bank could increase government sp..
How many workers will this firm choose to employ? What will be its profit-maximization wage rate? What labor market model do these data best describe?
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