Need help, please show work. The options for the first blank are (increases or decreases), the options for the second blank are (remains unchanged or increase).
1) decreases ( because now the work done by the butler will be considered as unpaid labor which is not counted while calculating GDP.)
2) remains unchanged
Need help, please show work. The options for the first blank are (increases or decreases), the...
Question 2 and 4 tion rate over the past year and the unemploy ment rate for the most recent month. How do you interpret these data? wh pay Tim $60 $75 futu act 2. A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour to a baker for $3. The baker uses the flour to make bread and sells the bread to an...
Need help, please show work Answer options for the first blank are (decreases or remains unchanged), options for the second blank are (increases or decreases). 3. Assume immigration increases the labor force in an economy with a Cobb-Douglas production function. Please complete the following statement. As a result, the real wage and the rental price of capital
J U L 11 din Urey to Cristina 6. (5 points) Which of the following is likely to be included in a country's Gross Do- mestic Product in a particular year? A. The total amount steel used in the production of automobiles in that year. B. An unsold inventory of automobiles produced in that year. C. An unused stock of goods produced in the previous year. D. The total amount of flour used by bakerires to make bread in that...
Need help with this, please show work Options for the first blank are (falls or stays the same) Options for the second blank are (falls or rises) 6. Assume a person quits his job to become at a stay-at-home parent. Please complete the statement below The labor-force participation rate and the unmployment rate
Need help, please show work. Answer options for first blank (More labor, or less labor), options for the second are (more capital, or the same capital). 1. A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product of capital is 40 units per machine, the wage is $20 per hour, the rental price of capital is $120 per machine, and the price of output is $5 per unit....
Need help, please show work. Options for each blank are (doubles, stayed the same, or fallen by half). EXCEPT, the options for the blank at E are (increased, decreased, or stays the same). The Data of Macroeconomics-End of Chapter Problem Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2 each, green apples cost $I each, and Abby buys 10...
i really need help with the graphs Driving Can Be Dangerous to Your Health: An Interrupted Case Study in Physiology Phil Stephens Department of Biology Villanova University Part 1-The Grandparents Arrive Dave pulled the cell phone out of his pocket, cursing himself for not putting it on vibrate. The children, Jason and Laura, were both asleep, and he knew that the rest of the day would not be fun if they were awakened from their naps. "Hi, Dave. We're just...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...