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Suppose an economy is characterized by the following equations: C= 520 + 0.6 Yd Yd = Y - T I = 500 G = 500 T = 400
a. Is this economy closed or open? Explain
b. Determine the following: 1) The equilibrium level of GDP(Y)
2) The total disposable income(Yd) of the household
3) Total consumption expenditure
4) Private savings of household, government savings and the national savings of the economy
5) Is the private savings the same as aggregate investment? Explain
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
There are, on average, 150 new migrants entering Hong Kong from the mainland every day. Use a diagram to explain how this affects the equilibrium wage and quantity of labour in Hong Kong. Substantial foreign capital has been flowing into mainland Chi..
Write down equation that can be solved for yield to maturity of this bond: that is, equation that equates Current value of bond payments to cost of bond. Estimate Current value of bond when interest rate is 8%.
Elucidate in detail the interrelationships between economic facts, theory, and policy. Critically evaluate this statement: "The trouble with economics is that it is not practical. It has too much to say about facts."
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
?Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data: Tuition is $1250 per student. what is the ne..
Given a normal population whose mean is 50 and whose standard deviation is 10. Find the probability that a random sample of 4 has a mean between 49 and 52.
Who compiles data for the national accounting in US? How GDP is measured through income approach? How GDP is measured through expenditure approach? What are the differences between income and expenditure approaches in measuring GDP?
Phelps-Dodge plans to expand capacity by purchasing equipment that will provide additional smelting capacity. The cost of the initial investment is expected to be $16 million. The company expects revenue to increase by $3.8 million per year after the..
Using the loanable funds theory, show in a graph how the following events will affect the supply and demand for loans and the equilibrium nominal interest rate: Recent signs of economic growth cause an increase in the public's expectations of future ..
A publisher is considering launching a new magazine for women in the 18–25 years age group. It is thought to be vital to the long-term success of the magazine that its sales should reach break-even point within its first year. Sketch out the key feat..
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