Macroeconomics Answers

Use the following supply and demand functions to answer the questions below:
Qd = 20‐2P, Qs = 5+3P

A. Determine the equilibrium price and quantity and illustrate with a graph.

B. The government imposes a tax of $5.00. Find the new equilibrium price and quantity. Illustrate, using the same graph for part a.

C. Determine the total tax revenue earned by the government, the amount of the tax paid by consumers and the amount of the tax paid by sellers.

D. What determines whether consumers or sellers pay the greater proportion of a tax—such as the tax on cigarettes—in part a? Explain your answer.

The Potential Growth line from the Business Cycle shows a slow and steady increase in Real GDP. Why do ecomonomists prefer to measure Economic Growth in "Real" terms instead of "Nominal" terms? Why is a slow and steady growth rate prefered to a faster growth rate?

Can you guys be able to do my online homework In government

have to find a country wd market economy ,mixed economy and socialist economy.and tell for each country that why u choose it , why do they have that particular economy and wat can u do to change the particular econmy for the betterment of the country

Help solve the problem of Securities
Owner of securities companies located in the country A, sends them over the years to his brother that lives in country B. changing the value of GDP, GNP, ND A country? Counted as income on securities of private enterprise?

the inflation rate is 10 percent, and the central bank is considering

Profit equals Total Revenue minus Total Costs.

With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also assume that the least-cost combination of resources in producing those loaves is 5 units of labor, 7 units of land, 2 units of capital, and 1 unit of entrepreneurial ability, selling at prices of $40, $60, $60, and $20, respectively. If the firm can sell these 400 loaves at $2 per unit, what is its total revenue? Its total cost? Its profit or loss? Will it continue to produce banana bread? If this firm’s situation is typical for the other makers of banana bread, will resources flow toward or away from this bakery good?

In Japan "regular workers" usually have full-time jobs that, in addition to paying full-time Wages, offer health care and retirement benefits , bonuses , Job training, and even guarantees of employment for life. In contrast, "non-regular workers" who often are contract employees placed with firms by employment agencies , earn wages that may only be 40 percent of those paid to regular workers. Non regular employees also no other benefits . Furthermore ,if a company experiences difficult times and must cut labor costs, non regular workers , who account for more than one-third of japanese workers ,are the first to lose their positions.
When the Great Recession engulfed the Japanese economy in the later 2000s, the nation’s unemployment rate rose by 2 percentage points within 6 weeks.The bulk of the Japenese residents who joined the ranks of the newly unemployed were nonregular worker.

Why do you suppose that when regular Japanese employees who have recently lost their positions apply for new jobs , they often

Anseerwer this question in a paragraph form.
How can vouchers reduce excess health care spending.

Gross investment plus balance of current account is BOP equals to
1. Domestic savings
2.Net investments
3.National savings
4.Disposable GNP
5.Net factor income from abroad