Homework Answers
Q.1.
Multiple Choice Questions
1. Production that you hire someone to mow your lawn is included in GDP.
Correct Ans - A
2. In GDP accounting, investment means the purchase of structures (infrastructure).
Correct Ans - C
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write all the answers on the answer sheet) I...
i need answers and explanations 35. With the low unemployment rate, households become more optimistic about...
i need answers and explanations
35. With the low unemployment rate, households become more optimistic about the future economy and decide to increase their spending on durable goods such as automobiles. According to the model of the market for loanable funds, A) real interest rate and the quantity of loanable funds will remain unchanged. B) real interest rate will increase and the quantity of loanable funds will decrease. C) real interest rate will decrease and the quantity of loanable funds...
1. If there is a shortage of loanable funds, then a. the quantity of loanable funds...
1. If there is a shortage of loanable funds, then a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium d....
Indicate the correct answer and why, show work. Thank you The table shows the demand for...
Indicate the correct answer and why, show work. Thank you
The table shows the demand for loanable funds schedule and the supply of loanable funds schedule when the government budget is balanced. If the government budget deficit is $1.0 trillion and the Ricardo-Barro effect occurs, what are the real interest rate and the Real Loanable funds Loanable funds interest rate demanded supplied quantity of investment? If the Ricardo-Barro effect occurs, and if the government budget deficit is $1.0 trillion, the...
6. Assume that a tire company sells four tires to an automobile company for $400, another...
6. Assume that a tire company sells four tires to an automobile company for $400, another company sells a compact disc player for $500, and the automobile company puts all of these items in or on a car that it sells for $20,000. In this case, the amount from these transactions that should be counted in GDP is: a. $20,000. b. $20,000 less the automobile company's profit on the car. c. $20,900. tbut ad nu $20,900 less the profits of...
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue....
In a closed economy, private saving is smaller than investment if government spending exceeds tax revenue. Select one: True False If there is a surplus of loanable funds, then neither curve shifts, but the quantity of loanable funds supplied increases and the quantity demanded decreases as the interest rate rises to equilibrium. Select one: True False An increase in the budget deficit would cause a shortage of loanable funds at the original interest rate, which would lead to falling interest...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. [3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
term 1:14:10 Table 83 GDP $8.7 trillion Consumption $3.2 trillion Spending Taxes minus Transfers $2.7 trillion...
term 1:14:10 Table 83 GDP $8.7 trillion Consumption $3.2 trillion Spending Taxes minus Transfers $2.7 trillion Government $3.0 trillion Purchases Refer to the Table 8-3. Supposing equilibrium exists in the market for loanable funds, what is the quantity of funds supplied in this market? 0 a $2.5 trillion b. $3.1 trillion c. $2.2 trillion O d. $2.8 trillion 0-Icon Rey engage.com/ilm/takeAssignment/takeAssignmentMain.do?takeAssignmentSessionLocator assignment
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017....
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
Please do it correctly and clearly so I can understand the answer. Thank you! 2. The...
Please do it correctly and clearly so I can understand the
answer. Thank you!
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption: C = 600 - 10,000 r, Taxes: T = 200, Government purchases: G = 300. The investment is I = 700 - 10.000 a. Use the information above to find the supply and demand equations for loanable funds: i. Supply equation: ii. Demand equation: b. What is the equilibrium interest...
1. Explain what will happen to the price level real GDP and the unemployment rate in...
1. Explain what will happen to the price level real GDP and the unemployment rate in the following cases: a. AD falls by the same amount that SRAS rises b. AD falls by less than SRAS rises c. AD falls by more than SRAS falls d. AD falls by the same amount that SRAS falls e. AD falls by less than SRAS falls 2. Explain how expectations about future sales will affect investment. 3. How will a change in the...
i need answers and explanations
35. With the low unemployment rate, households become more optimistic about the future economy and decide to increase their spending on durable goods such as automobiles. According to the model of the market for loanable funds, A) real interest rate and the quantity of loanable funds will remain unchanged. B) real interest rate will increase and the quantity of loanable funds will decrease. C) real interest rate will decrease and the quantity of loanable funds...
1. If there is a shortage of loanable funds, then a. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium b. the quantity of loanable funds demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium c. the quantity of loanable funds supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium d....
Indicate the correct answer and why, show work. Thank you
The table shows the demand for loanable funds schedule and the supply of loanable funds schedule when the government budget is balanced. If the government budget deficit is $1.0 trillion and the Ricardo-Barro effect occurs, what are the real interest rate and the Real Loanable funds Loanable funds interest rate demanded supplied quantity of investment? If the Ricardo-Barro effect occurs, and if the government budget deficit is $1.0 trillion, the...
6. Assume that a tire company sells four tires to an automobile company for $400, another company sells a compact disc player for $500, and the automobile company puts all of these items in or on a car that it sells for $20,000. In this case, the amount from these transactions that should be counted in GDP is: a. $20,000. b. $20,000 less the automobile company's profit on the car. c. $20,900. tbut ad nu $20,900 less the profits of...
1. TRUE/FALSE( 1 mark per question, 20 marks in total) [1) An economy's income is the same as its expenditure because every transaction has a buyer and a seller. 2) GDP is the market value of all final goods and services produced by a country's citizens in a given period of time. [3) If nominal GDP is $10,000 and real GDP is $8,000, then the GDP deflator is 125. 14) Other things equal, in countries with higher levels of real...
term 1:14:10 Table 83 GDP $8.7 trillion Consumption $3.2 trillion Spending Taxes minus Transfers $2.7 trillion Government $3.0 trillion Purchases Refer to the Table 8-3. Supposing equilibrium exists in the market for loanable funds, what is the quantity of funds supplied in this market? 0 a $2.5 trillion b. $3.1 trillion c. $2.2 trillion O d. $2.8 trillion 0-Icon Rey engage.com/ilm/takeAssignment/takeAssignmentMain.do?takeAssignmentSessionLocator assignment
Exam Version B 27. The consumer price index was 225 in 2006 and 236 in 2017. The nominal interest rate during this period was 6.5 percent. What was the (approximate) real interest rate during this period? 24. When the prevailing wage in a labor market is held above the equilibrium wage, for whatever reason, A. it means the labor market will function more efficiently than it otherwise would. B. there will be a shortage of labor. C. the quantity of...
Please do it correctly and clearly so I can understand the
answer. Thank you!
2. The country, Hoosier (a closed economy), has the following data: GDP: Y = 1200, Consumption: C = 600 - 10,000 r, Taxes: T = 200, Government purchases: G = 300. The investment is I = 700 - 10.000 a. Use the information above to find the supply and demand equations for loanable funds: i. Supply equation: ii. Demand equation: b. What is the equilibrium interest...
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