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The chart below illustrates the cumulative confirmed deaths by COVID-19 just before what looks to be a potential third wave of the pandemic in South Africa. There have been 56 363 confirmed deaths in South Africa alone from COVID-19 as of 30 May 2021. Use specifically the Solow growth model to discuss the implications of this pandemic on the prospects of long-run economic growth for South Africa.
what is liquidity trap ? is monetary policy ineffective in this case
explain why the income tax system or social security system are considered automatic stabilizer ?
Marcus faces a progressive federal income tax structure that has the following marginal tax rates:0 percent on the first $10,000, 10 percent on the next $10,000, 15 percent on the next $10,000 , 25 percent bin the next $10,000 , and 50 percent on all additional income. In the additional , he must pay 5 percent of his income in provincial income tax and 15.3 percent on his Labour income in federal payroll taxes .Marcus earns $60,000 per year in salary and another $10,000 per year in nonlabour income.what is his average tax rate?
a. 17.19 percent
b. 46.69 percent
c. 48.87 percent
d. 56.01 percent
Sharp Inc. a wholly Ghanaian owned company specializes in the production of hand sanitizers branded as Quin.The company has branched in all the regions in Ghana with its head office located in Cape Coast.It employs 1,200 people and pays an average of GHC550.00 as income tax to the government of Ghana on a monthly basis.Suppose that 7,820 units of Quin are produced and supplied by Sharp Inc. but the quantity demanded for Quin is 8,000 units.Ceteris Paribus,a GHC20.00 change in the price of Quin results in a change in quantity demanded for and supplied of 4 and 5 units respectively.
Given the above information:
a)Determine the equilibrium price and equilibrium quantities of Quin.
b)Suppose the government of Ghana in the wake of the COVID-19 pandemic grants a subsidy of GHC4.50 on each Quin produced.Compute the new equilibrium price and quantities of Quin.
c)Sketch your solution to a) and b) on a graph(graph sheet not needed).
d)Explain your solution to c).
The chart below illustrates the cumulative confirmed deaths by COVID-19 just before what looks to be a potential third wave of the pandemic in South Africa. There have been 56 363 confirmed deaths in South Africa alone from COVID-19 as of 30 May 2021. Use specifically the Solow growth model to discuss the implications of this pandemic on the prospects of long-run economic growth for South Africa
Use specifically the Solow growth model to discuss the implications of this pandemic
on the prospects of long-run economic growth for South Africa.
in microeconomics we expect the supply curve for the firm to slope upward when drawn against price .the classical aggregate supply curve is based on this microeconomic theory of the firm but is vertical.why?
What factors determine exports
Given: C = 100 + 0.75Yd; I = 120 - 0.1Y – 200i; G= 40; T = 40
What is the autonomous spending multiplier?
