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Calculate the unemployment rate when the number of unemployed is 1.5 million and the total labor force is 34 million.
What is the correct formula for the isoquant associated with K=10 and L=10
The Marketing Department reckons that the supply function for Ethyl Alcohol is given by
Q_x^S=5,000+2P_x-3P_y- P_w
Where Px is the price of ethyl alcohol, Pr represents the price of Isopropyl Alcohol, and Pw is the price of input used to produce ethanol. Given that the amount of ethyl alcohol sells at P40 per unit, isopropyl alcohol is sold for P35 per unit; and the price of inputs is P2,000. How much ethyl alcohol is produced?
In 2012, consumers in Saskatchewan spent $40,851 million, total investment was
$18,873 million, changes in inventory were $186 million, government purchase of goods and services was $2,220 million, exports were $39,249 million, and imports were $41,799 million. All figures are in 2007 dollars.
a. Calculate 2012 real GDP (in 2007 dollars).
b. Nominal GDP in 2012 was $77,929. What was the GDP deflator in 2012?
c. In 2011, real GDP was $58,184 million and the GDP deflator was 126.2. What were the real GDP growth rate and inflation rate in 2012?
d. Given a total population of 1.11 million, what was per capita real GDP in Saskatchewan in 2012?
How will each of the following changes in demand and/or supply affect equilibrium price and equilibrium quantity in a competitive market; that is do price and quantity rise, fall, remain unchanged?
.During recessions, banks are
less likely to loan money, and
consumers are less likely to
pursue loans due to economic
uncertainty. The central bank
seeks to encourage increased
lending by banks by
decreasing the reserve ratio,
which is essentially the
amount of capital a
commercial bank needs to
hold onto when making loans.
Now answer the following
questions
1) What is the impact on the
money market?
2) Will there
be any change in the money
supply or demand for money?
3) Compare the situation
before and after the reserve
ration decline.
The prices of onion are likely
to increase in the country
again as a fallout of its price
hike in India.Now answer the
following questions.
a. Which curve will be affected, AD
or AS?
b.What will be the new equilibrium
price?
C.Write your personal observatiion.
Using prices in 2020 as a base year, calculate real GDP in 2020 and 2021.
Q 2020 P 2020 Q 2021 P 2021
Apples 120 1 240 3
oranges 65 2 90 4
plams 80 4 120 5
(Q) represent Quantity and (P) price
In the text, we calculated the change in real GDP in the hypothetical economy of Table 2-3 , using the prices of 2005. Calculate the change in real GDP between 2005 and 2010 using the same data but the prices of 2010 . Your answer should demonstrate that the prices that are used to calculate real GDP do affect the calculated growth rate, but typically not by very much.
Using prices in 2020 as a base year, calculate real GDP in 2020 and 2021.
Q 2020 P 2020 Q 2021 P 2021
Apples 120 1 240 3
oranges 65 2 90 4
plams 80 4 120 5
(Q) represent Quantity and (P) price
