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|
Coefficient
|
Value
|
|---|---|
| α | 0.10 |
| β | –0.15 |
| γ | 0.5 |
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- 1. Suppose that an equation for infant mortality is described by the function: - VD (P)1². where i is the infant mortality rate (expressed in per 1,000 children), Y is the gross domestic product (in US dollars), P is the population, and 3 and b are constants. a. Derive a linear (in parameters) equation from the function above with In i as the left Y -hand side variable and In y on the right-hand side. Note that y =, which is the P' GDP per capita. b. Identify the slope and intercept in the derived equation in (a). What could be the relationship between i and y? Provide an economic explanation. c. Derive a formula of the slope parameter in the linear equation in (a) for the interpretation of the changes in the variables. Interpret the resulting equation.Consider the following results: Ĉ=-297.13 + 80.57lnY; (t% D1,2,..., 12) %3D %3D EG = 1,440, and (EY; - EC)= 860 where C= consumption expenditure ($) in period t, and Y;= disposable income in period t. Based on the results given above, find the values for the following. 1. Income elasticity (i.e., elasticity of consumption expenditure with respect to disposable income). Give a specific numerical answer and clearly indicate how you have found it. 2. Marginal propensity to consume (MPC), i.e., the slope of the underlying consumption function. Give a specific numerical answer and show clearly how you have deriyed it.question: Please find the effect of Y and r if there is an increase in the tax rate. Use the following equations and evaluate the total derivative.
- Assume that the average or mean monthly household consumption expenditure for Malaysia rose from RM3,578 in 2018 to RM4,033 in 2020, growing 6% per annum at nominal value, according to the statistics department. However, in terms of real value — which refers to the constant price using the Consumer Price Index with the base year 2014 as the deflator — annual growth rate is 3.9% for the same period, mentioned on its Household Expenditure Survey Report 2020. b) i. Use the aggregate expenditures model to show how government fiscal policy could eliminate either a recessionary expenditure gap or an inflationary expenditure gap. ii. Explain how equal-size increases in G and T could eliminate a recessionary gap and how equal-size decreases in G and T could eliminate an inflationary gap.Assume that the average or mean monthly household consumption expenditure for Malaysia rose from RM3,578 in 2018 to RM4,033 in 2020, growing 6% per annum at nominal value, according to the statistics department. However, in terms of real value — which refers to the constant price using the Consumer Price Index with the base year 2014 as the deflator — annual growth rate is 3.9% for the same period, mentioned on its Household Expenditure Survey Report 2020. a) Suppose that consumer spending initially rises by RM5 billion for every 1 percent rise in household wealth and that investment spending initially rises by RM20 billion for every 1 percentage point fall in the real interest rate. Also, assume that the economy’s multiplier is 4. i. If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by two percentage points, in what direction and by how much will the aggregate demand curve initially shift at each price level? ii. In what…If the MPC -0.85, what is the value of the MPS? Provide an answer which is accurate to two places to the right of the decimal point.
- Please find the effect of Y and r if there is a decrease in the tax rate. Use the following equations and evaluate the total derivative.Bell Greenhouses has estimated its monthly demand for potting soil to be the following: N=400+4X where N=monthlydemandforbagsofpottingsoil X=timeperiodsinmonths(March2006=0) Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: Forecast Bell Greenhouses demand for potting soil in March, June, August, and December 2007. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast.3. The variable rdintens is the expenditure on research and development (R&D) as a percentage of sales. Salary is measured in millions of dollars. The variable profmarg is profit as a percentage of sales. Let's suppose the equation below is estimated. Which statement is true? rdintens = 472 + .321log(sales) + .050profmarg (1.369) (216) (.046) o profmarg has a statistically significant effect on rdintens at 5% level o profmarg has a statistically significant effect on rdintens at 10% level o profmarg has a statistically insignificant effect on rdintens o profmarg has a statistically significant effect on rdintens at 1% level
- The equation S = I + NCO describes the savings market for an entire national economy engaged in foreign trade. Between the variables I and NCO, which represents the amount of national savings utilized in the domestic economy and in foreign markets? How do you know?If your income is $60 and the prices of product A and product B are $4 and $3, respectively, how many units of product B can you purchase when all your income will be used to purchase product B only? Use a number, no decimal value, no commas, no space, no unit of measurement. * Your answer If your income is $60 and the prices of product A and product B are $4 and $3, respectively, what would be the function of the budget line, when product A is assigned on the Y axis? * O Qb = 20 - 1.33 Qa O Qa = 15 - 0.75 Qb O Qb = 15 - 1.33 Qa %3D Qa = 20 - 0.75 QbEconomics Prepare a composite (weighted) index for housing construction costs in 2008, using the following data. Reference Year (/=100), S/? Туре of Housing Single units Duplex units Multiple Percent 2008, S/n? 67 49 65 44 63 25 36 56 The composite (weighted) index for housing construction costs in 2008 is...
