How is the unemployment rate calculated? labor force / work eligible x 100 / employed x 100 unemployed unemployed /100 (labor force - employed) / labor force x 100

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A: This can be described as a concept that shows a form of market in which all the decisions are based…

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A: Price elasticity of demand (PED), often simply called elasticity of demand, is a measure used in…

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A: Marginal valuation, in economics, implies the additional value or utility that an individual or firm…

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A: A good is consumed by an individual in an economy. These goods give some utility to the consumers by…

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A: When the price of a Mexican combo is $5.95, then the quantity demanded of Mexican combos is 600.…

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A: The cost function: Marginal cost function: The total cost function represents the total cost…

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A: Healthcare spending, in a broader sense, refers to the total amount of money allocated to various…

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A: Marginal Private Benefit -  Marginal Private Benefit is the additional benefit that consumer will…

Q: Consider the following equations for supply and demand: P=135-5Q

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A: A cubic short-run production function is a mathematical representation of the relationship between…

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A: the marginal cost refers to the change in the total cost that arises when the quantity produced is…

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A: Herriott's is the only veterinary clinic so this clinic has the monopoly in the remote village. This…

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A: The Solow model is a macroeconomic theory explaining long-term economic growth. It emphasizes the…

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A: Perfectly competitive market refers to a type of market in which there are a large number of buyers…

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A: Elasticity of demand refers to change in demand due to change in price. It is sensitiveness of…

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Q: RATE of GROWTH of Aggregate output (Y) is calculated as Percentage Change in RGDP =Y:

A: Aggregate output is the total value of goods and services produced in an economy during a certain…

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A: A unemployed refers to a perosn who is actively looking for the work but are unable to get any job…

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A: The marginal rate of substitution (MRS) is a concept in economics that measures the rate at which a…

Q: 7 65 6 55. 3 45 4 35 3 25 1 cup of co 2 15- 1 05- 1 Panel (a) X M 4 5 6 donats 65- 33. S 64 45 4 35…

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Q: Consider the diagram. Which of the following statements about the PPF are true? a b Selected answer…

A: This can be defined as a concept that shows the during the production process the input used in the…

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Q: An arithmetic cash flow gradient series equals $450 in year 1, $550 in year 2, and amounts…

A: An arithmetic cash flow gradient series is a series of cash flows in which each cash flow is…

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Q: Figure 7-5 PRICE 300 250 200 150 100 50 25 50 S 75 QUANTITY D Producer surplus decreases by $3,125…

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A: A copayment, often abbreviated as "copay," is a fixed amount of money that an individual is required…

Q: Discuss the kinds of money that were used at Japanese Occupation of the Philippines

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A: Inequalities are mathematical expressions where one value is not necessarily equal to another.…

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A: Production possibility frontier depicts the combination of two goods that can be produced by using…

Q: What is the of the measures of the monetary aggregates is composed of the most liquid assets

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A: Present worth is the sum of money that must be invested to achieve a particular future goal. Future…

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A: An economy is a system of production, distribution, and consumption of goods and services within a…

Q: 15. Which of the following statements about the 'Stag Hunt' game is true? (a) The pure strategy Nash…

A: The Stag Hunt game refers to a type of two-player game where every player can decide or choose to…

Q: Consider the Solow-Swan model of growth. Imagine that the production function is Y = AK¤L¹-a 1. Use…

A: The Solow-Swan model, also known as the Solow growth model or the neoclassical growth model, is a…

Q: Refer to the figure below. The slope of the budget line in the graph: Q earrings 5 4 3 2 1 2 Q…

A: Slope of the budget line shows the relative price of two goods. It also shows the opportunity cost…

Q: Patrick wants to start his own dental practice, but his expenditures exceed his income. Which…

A: The given question has been answered from the perspective of 'Macroeconomics' (monetary…

Q: For a hypothetical economy in a given year, GDP was $10,000, consumption equaled $ 9,800, government…

A: GDP = $10,000Consumption = $9800Government spending = $125Exports = $250Imports = $500.

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A: A price floor is imposed in a market above the equilibrium price level, it a price regulation by the…

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A: Identify the Behavioral Economics Principle The first step is to identify the behavioral economics…

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A: Health insurance is a kind of insurance coverage that pays for medical, surgical, and some of the…