Suppose that in our economy: G =1100, T = 900, S = 140, and NX = -90. How much of our final product is left for domestic firms to purchase for themselves (that is: what is I?)? %3D
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Given information:
G = 1100
T =900
S =140
NX = -90
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- Refer to the following input-output (1-0) table of a national economy (entries are in billions of Turkish liras): Agriculture Manufacture Services Final Demand Total 280 650 310 Agriculture Manufacture Services Factors: Labor Capital (profits) Intermediate import Total 80 120 170 1010 50 75 280 150 400 270 230 1 405 5 85 30 315 150 135 720 Which of the following statements is NOT correct about the above 1-0 table? 730 460 1 010 E) Most of the foreign inputs are used by the Manufacture sector. 1 405 720 A) Services sector has the least percentage of all intermediate inputs proportional to its total inputs... B) Outputs of Agriculture and Services sectors are used by final demand approximately at the same percentage. C) Agriculture sector has the least percentage of domestic intermediate inputs proportional to its total inputs. D) Manufacture sector has the largest contribution to the GDP.How is the concept of technology, as defined with the aggregate production function, different from our everyday use of the word?When do we reach equilibrium output?
- The following table pertains to an economy in which the typical consumers basket consists of  15 bushels of peaches and 10 bushels of pecans. Refer to the table, the cost of the basket in Year 1 was…Input Quanity 100 150 200 Real domestic output 200 300 400 The table gives information about the relationship between input quantities and real domestic output in a hypothetical economy. If the price of each input is $12, the per-unit cost of production in the economy is?Assume an economy where there are two producers: a wheat producer and a bread producer. In agiven year, the wheat producer grows 3 million tonnes of wheat, of which 2.5 million tonnes aresold to the bread producer at $30 per bushel, and 0.5 million tonnes are stored by the wheatproducer to use as seed for next years crop. The bread producer produces and sells 100 millionloaves of bread to consumers for $3.50 per loaf. Determine GDP in this economy during this yearusing the product and expenditure approaches.
- worn out in the production process. ment Now IzMe: Section 2.7 uge your comprehension of this section. To begin, please click the wnward arrow located at the top right of this box. Assignment Score: 0.00% Submit Assignment for Grading Save ns tu2et10h_Ch02_Sec07.02m « Question 2 of 3 » Check My Work Three different economies have made choices about the production of capital goods. Which of the following is most likely to produce the greatest growth in the production possibilities curve (PPC)? O a. Less production of capital goods than what is needed to replace worn-out capital. Ob. Capital goods produced at the exact rate needed to replace worn-out capital. c. More production of consumption goods that replace worn-out capital. O d. Greater production of capital goods than what is needed to replace worn-out capital. MacBook Air DD F6 EZ F8 F9 F10 F11 F12 & * 6 7 8 { P + 000C I G NX Price Yr1 1000 156 560 52 4 Yr2 1300 159 600 52 5 Yr3 2000 169 690 53 6 Yr4 2900 180 880 53 7 -What will the percent rate of change in real GDP be from year 1 to year 2, from year 2 to year 3, and from year 3 to year 4. (round to the whole number for all calculations and final answers) -State how long it will take for real GDP to double in size.Suppose that Indonesia's national production function is Y = K 05L 05, where K is the amount of land and Lis the amount of labor. The economy starts when the amount of land owned is 100 units and the number of workers is 100 units. Calculate the following indicators. a. How much output is produced? b. What are the labor wages and land rent? c. What is the share of the output received by labor? d. If a natural disaster occurs that causes the population to be reduced by half, what is the new level of national output? e. What are the new rates of labor wages and land rent? f. What share of output does the labor receive now?
- Explain briefly what will happen to the performance of companies in the light of fears that the global economymight get into a recession.Which of the following prices would you expect to rise rapidly over long periods? Why? Cable television rates Football tickets Internet access Household cleaning services Driving lessonsAssume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70
