Will this effect the calculation of nominal gdp

Assignment Help Microeconomics
Reference no: EM13692657

The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?

Reference no: EM13692657

Questions Cloud

Annual cash flow analysis : One of two mutually exclusive alternatives must be selected. Alternative A cost $30,000 now for an annual benefit of $8450. Alternative B costs $ 50,000 now for an annual befneit of ?14,000 using a 15% nominal interest rate compounded continuously wh..
In the monopolistic competition model : In the monopolistic competition model, would you expect prices to be higher or lower as the number of firm increases? Briefly explain why.
Concept of economic growth vs development : Discuss the three pillars of the sustainable business and contrast these with “conventional” paradigms. Be sure to include the concept of economic growth vs. development.
What will his federal income tax be : An unmarried taxpayer with no dependents expects an adjusted gross income of 70,000 in a given year. His non business deductions are expected to be 6000. What will his federal income tax be?
Will this effect the calculation of nominal gdp : The assumption that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines. Will this effect the calculation of nominal gdp?
The initiative is a violation of the principle-agent problem : The CEO of your firm wants to undertake a new green initiative to reduce the company’s carbon footprint. Discuss the circumstances under which the initiative is a violation of the principle-agent problem and the circumstances under which it is not su..
Use spreadsheet functions for the depreciation methods : The initial cost of the office equipment is $100,000 has an estimated actual life of 6 years, with an estimated salvage value of $10000. Prepare tables listing the annual costs of depreciation and the book value at the end of each 6 years, based on s..
Does capital formation affect labor productivity : Which factors make the strongest impact on your personal labor productivity, or that of your closest family member, if you don’t have a job? What actions can a person take to increase his or her labor productivity? Does capital formation affect labor..
Calculate the payments for the new loan. : Crazy hours Construction purchased a new loader for $280,000 using a 25 annual end of year payment plan at 10% interest. At the end of 10 years they decided to refinance the loader with a new company with 15-year loan.

Reviews

Write a Review

Microeconomics Questions & Answers

  Economic scenario of us

The U.S. is in recession and, at last report, GDP was shrinking at a rate of 1% per year. The unemployment rate is rising and now stands at 7%. In recent months, the rate of inflation has been holding steady and is increasing at an annual rate ..

  Retail store would like to utilize loss control techniques

a retail store would like to use loss control techniques to manage their risk of theft. what could be done to lower the

  What does the brand name do to the demand curve

Brand names can be important to the success of a firm in some industries. Consider industries that demonstrate monopoly, monopolistic competition, oligopoly, and perfect competition. What is the goal of creating a brand name for each

  The canadian personal income tax system

What are some of the advantages, disadvantages to Replacing the Canadian personal income tax system with consumption tax: benefits and challenges.?

  Assume mpc is 08 initially households then change the

suppose mpc is 0.8 initially. households then change their behavior so that the mpc falls to 0.75. what happens to

  The incremental annual taxable income

Zeon, a large company has a regular taxable income of $350,000. The company is considering adding some automatic equipment to its production facilities. An investment of $120,000 will produce an initial annual benefit of $89,000 however the benefits ..

  Define public goods whose benefits are less than their costs

The minimum acceptable price for a product that producer Sam is willing to receive is $15. It is $12 for producer Sue. The market price they could get for the product is $18. What is the amount of the producer surplus for Sam and Sue combined

  How does tax relate to elasticity of demand and supply

What is the tax incidence of an excise tax when demand is highly inelastic Highly elastic What effect does the elasticity of supply have on the incidence of an excise tax What is the efficiency loss of a tax

  Grant from the state to increase its marketing efforts

Consider a self contained city, in which all workers live in the city. The initial equilibrium wage is Wo and the initial equilibrium employment level is No. The city receives a grant from the state to increase its marketing efforts to attract touris..

  Type your question here on the basis of trends in bank

type your question here on the basis of trends in bank branches does the public appear to have more or less access to

  What will be the nash equilibrium in the one-shot game

Now suppose the two doctors play this game twice. Also, suppose each doctor can play one of two strategies: it can play either "always charge the low price" or "tit for tat"- that is, it starts off charging the high price in the first period

  Three goods ice cream green tea and digital cameras

With respect to three goods - ice cream, green tea, and digital cameras

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