Question

homework help question 23 please !!

106 Predict how each of the following economic 30. changes will affect the equilibrium price and quantity in i the financial market for home loans. Sketch a demand asstneh and supply diagram to support your answers. a. The number of people at the most common ages for home-buying increases. b. People gain confidence that the economy is growing and that their jobs are secure. c. Banks that have made home loans find that a larger number of people than they expected are not repaying those loans. d. Because of a threat of a war, people become uncertain about their economic future. e. The overall level of saving in the economy diminishes. f. The federal government changes its bank regulations in a way that makes it cheaper and easier for banks to make home loans. 31. Table 4.6 shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions of dollars, at various interest rates. What is the equilibrium interest rate and quantity in

Answer 1

There are many reasons why US GDP is much higher today than it was 50 or 100 years ago. One reason is because human resource are well skilled. Another reason is because natural resources like oil , metals and natural gas. This effects the US GDP because countries that are rich in natural resources typically have a high economic growth. The another reason is capital formation because productivity increases so it increases the output and GDP of US. The last reason is technological advancements. These advancements increases the productivity of workers while it also lowers the cost of production ,so increases GDP.