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Homework 1.pdf QUESTION 5 paints Save Arawer sions io ranwaris 1 milion nawer 1) QUESTION 6...
D Question 5 1 pts A politician proposes to increase the income tax on top earners. He claims this will increase private sector economic output. This clairm O does not make sense: income tax does not affect economic nutput. O makes sense; more taxes will increase government spending and help the economy. O might make sense: if the tax policy is structured correctly, it can incentivize economic activity. O makes sense; more taxes on top earners will improve productivity of...
HOMEWORK SET 4A MARKETS IN ACTION 1 Question 1 refers to the following diagram, which shows the market for computers. 3 Price par computer (thousands oldaten ar 0 10 40 20 30 Quantity of computera Pundydis per wohl 1. Which of the following changes could cause the computer market to change as shown above? . Lower costs for computer chips and motherboards. b. The failure of several computer manufacturers. c. Higher prices for computer software. d. More features and greater...
QUESTION 1 AlpenPleasure Co. produces 1000 boxes of chocolate. Each box sells for $30. AlpenPleasure pays wages of $10,000 and buys $15,000 worth of cocoa beans and other ingredients needed to produce the chocolate. What is AlpenPleasure's contribution (value-added) to GDP? $5,000 $45,000 $15,000 $20,000 QUESTION 2 There is currently a lot of debate in the U.S. about raising the minimum wage. As a contribution to this debate, the Wall Street Journal recently reported the following numbers: In 1980, the...
question 1: nominal GDP for 2016 question 2: real gdp for 2015 question 3: GDP deflator for 2014 question 4: calculate cost/price of the market basket for 2015 question 5: calculate CPI for 2016 question 6: use CPI to calculate the inflation rate from 2014 to 2015 question 7: which person makes more in inflation-adjusted terms or (real) terms? would it change if nick made 82k a year instead? question 8: best too look at pic. Note: please show work...