#1Homework Answers
TRUE
GDP is the production of final goods and services within the boundary of a country financial year
It is generally measured on quarterly or yearly basis
but main economist is not considered as a good factor for overall value for the welfare of the country.
It only gives the quantitative value but lacks some important factors like a standard of living, happiness index ,Gini coefficient ,carbon footprint index etc
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Show All Your Work 1. “GDP is simply a count of the quantity, and is...
we say that there is a surplus of apples when the quantity demanded is more than...
we say that there is a surplus of apples when the quantity
demanded is more than the quantity supplied at a given price
Question 6 5 pts Read the statement below carefully, and decide whether it is true or false. And then explain your answer (whether "true" or "false"). We say that there is a surplus of apples when the quantity demanded is more than the quantity supplied at a given price. 12pt Paragraph B I y A2 T2 :...
GDP Calculation. SHOW ALL YOUR WORK Q of Corn Q of P of P of Corn...
GDP Calculation. SHOW ALL YOUR WORK Q of Corn Q of P of P of Corn Q of Rice P of Rice Wheat Wheat 100 2016 $ 5 $6 50 70 60 $10 100 $2 2017 2018 200 $ 10 $ 9 90 $ 3 $3 300 $7 80 Calculate Nominal GDP 2016: 2017: 2018: If Total Spending (Nominal GDP) rises from one year to the next, what are the 2 potential reasons? 1. 2 Calculate Real GDP (Base year...
In the macroeconomic model of aggregate supply and aggregate demand, quantity is: 1.) Represented by GDP...
In the macroeconomic model of aggregate supply and aggregate demand, quantity is: 1.) Represented by GDP 2.) the measure of the value of all goods and services produced by the economy 3.) a measure of total output 4.) All of these are true
Directions: Explain your answer and/or show all your work carefully. 1. Find the first five terms...
Directions: Explain your answer and/or show all your work carefully. 1. Find the first five terms of the recursively-defined sequence: a(n) = 2a(n-1) +1, with a(1) = 3 2. Evaluate the sum:
problems count 7%. Do all problems. Show all your work. 1. Interchange the order of integration...
problems count 7%. Do all problems. Show all your work. 1. Interchange the order of integration and evaluate the integral S" S" Siny dy dx.
PART 1: Calculation Questions. Show all details of your math work. (While handwritten/scanned are accepted, you...
PART 1: Calculation Questions. Show all details of your math work. (While handwritten/scanned are accepted, you are encouraged to submit typed up answers.) (1) The early stage of a contagious virus outbreak has been reported in the city of Gotham. This city has the population of 20 million inhabitants. Currently only less than 0.01 percent of the population have contracted the virus. One easy yet unpopular methods to slow down the spread of this disease is using facemask. There is...
Problem 4 Please determine whether the following statement is true or false and explain your answer...
Problem 4 Please determine whether the following statement is true or false and explain your answer using both intuition and graph (if the statement is false, you have to provide the counterexample, if true - all possible cases) Substitution effect is always higher than income effect for the inferior good (consider only monetary income) DE
In order to receive full credit on these problems, you must clearly show all your work....
In order to receive full credit on these problems, you must clearly show all your work. An answer without justification will receive 0 credit. 1. (10 marks) Consider the subspace V = Span 11 [2] 5] - 1 [5] -71 [1] doo (a) Find a basis for V and V. (b) Find dim(V) and dim(V+). (c) Find a matrix B satisfying V = null(B). 2. (2 marks) True or False: If E is an elementary matrix, then nullity(A) = nullity(EA)....
Show your work Count the number of operations and the big-O time complexity in the worst-case...
Show your work Count the number of operations and the big-O time complexity in the worst-case and best-case for the following code int small for ( i n t i = 0 ; i < n ; i ++) { i f ( a [ i ] < a [ 0 ] ) { small = a [ i ] ; } } Show Work Calculate the Big-O time complexity for the following code and explain your answer by showing...
Problem 7: Table: Remember to show all work and briefly discuss your results. Switzerland produces only...
Problem 7: Table: Remember to show all work and briefly discuss your results. Switzerland produces only chocolates and watches. Below is a table with recent information on Switzerland production and prices. The base year is 2009, Prices and Quantities Price of A Box of Boxes of Year Price of Watches Watches Price of the Quantity of Chocolates Chocolates 2008 $50 2009 90 2010 100 $60 2011 S6S 100 a. What was nominal GDP real GDP and the GDP deflator for...
we say that there is a surplus of apples when the quantity
demanded is more than the quantity supplied at a given price
Question 6 5 pts Read the statement below carefully, and decide whether it is true or false. And then explain your answer (whether "true" or "false"). We say that there is a surplus of apples when the quantity demanded is more than the quantity supplied at a given price. 12pt Paragraph B I y A2 T2 :...
GDP Calculation. SHOW ALL YOUR WORK Q of Corn Q of P of P of Corn Q of Rice P of Rice Wheat Wheat 100 2016 $ 5 $6 50 70 60 $10 100 $2 2017 2018 200 $ 10 $ 9 90 $ 3 $3 300 $7 80 Calculate Nominal GDP 2016: 2017: 2018: If Total Spending (Nominal GDP) rises from one year to the next, what are the 2 potential reasons? 1. 2 Calculate Real GDP (Base year...
Directions: Explain your answer and/or show all your work carefully. 1. Find the first five terms of the recursively-defined sequence: a(n) = 2a(n-1) +1, with a(1) = 3 2. Evaluate the sum:
problems count 7%. Do all problems. Show all your work. 1. Interchange the order of integration and evaluate the integral S" S" Siny dy dx.
PART 1: Calculation Questions. Show all details of your math work. (While handwritten/scanned are accepted, you are encouraged to submit typed up answers.) (1) The early stage of a contagious virus outbreak has been reported in the city of Gotham. This city has the population of 20 million inhabitants. Currently only less than 0.01 percent of the population have contracted the virus. One easy yet unpopular methods to slow down the spread of this disease is using facemask. There is...
Problem 4 Please determine whether the following statement is true or false and explain your answer using both intuition and graph (if the statement is false, you have to provide the counterexample, if true - all possible cases) Substitution effect is always higher than income effect for the inferior good (consider only monetary income) DE
In order to receive full credit on these problems, you must clearly show all your work. An answer without justification will receive 0 credit. 1. (10 marks) Consider the subspace V = Span 11 [2] 5] - 1 [5] -71 [1] doo (a) Find a basis for V and V. (b) Find dim(V) and dim(V+). (c) Find a matrix B satisfying V = null(B). 2. (2 marks) True or False: If E is an elementary matrix, then nullity(A) = nullity(EA)....
Problem 7: Table: Remember to show all work and briefly discuss your results. Switzerland produces only chocolates and watches. Below is a table with recent information on Switzerland production and prices. The base year is 2009, Prices and Quantities Price of A Box of Boxes of Year Price of Watches Watches Price of the Quantity of Chocolates Chocolates 2008 $50 2009 90 2010 100 $60 2011 S6S 100 a. What was nominal GDP real GDP and the GDP deflator for...
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