Macroeconomics Answers

A recent study of the determinants of wages for clerical staff at a state university found that years of schooling, years of experience, age and job characteristics only ecplained about one-half of the difference in wages. Describe other factors that may be important in explaining wages differences for clerical staff.

A recent flood in the Midwest has destroyed much of the farmland that lies in fertile regions near the rivers. Describe the effect of the flood on the marginal productivity of land, labor, and capital. How would the flood affect the price of inputs? Provide some examples.

If all consumers have the opportunity to pay the same price, is it price discrimination?

the early part of the last decade, there was an overproduction of coffee. The price dropped so low that producers' costs were higher than the market price. The reason this happened was that market prices became high before this, and the supply of coffee increased substantially. In the meantime, demand for coffee and everything else remained the same. Price Level 1.

How do you find the intial money supply in an economy, given the required reserve deposit ratio is 25%, the reserves are equal to 10 billion, and 5 billion is held by the public in cash.

The PPF curve shows the economic choices a country can make about production given scarce resources, a given technology, and a given quantity of inputs. Assume you are a developing country, producing food and clothing at maximum capacity. What could happen when foreign investors start investing in your country?
Discuss what type of foreign investments would be best for the economy’s PPF. What are the opportunity costs of these decisions?

Higher-than-expected inflation tends to redistribute purchasing power away from ______ and toward ______.
Answer wage earners and debtors; employers and creditors
employers and creditors; wage earners and debtors
wage earners and creditors; employers and debtors
employers and debtors; wage earners and creditors

How unanticipated inflation affect overall purchasing power for an economy?

transfer payments by government 586,rental income of household sector 260,personal consumption expenditure 3227,gross investment 766,interest income earned by household sector 211,propritor's income 325,social security contribution by households 290,compensation to employees 2905,dividends 126,net exports -94,sale taxes 392,retained profit 57,government purchase of goods & services 964,personal income taxes 590,net private investment 260,saving by households 146,interest paid by the households 100,transfer payments made by private sector to foreigners 390,corporate profit 324,net income earned abroad 60
calcute GDP & GNP by all approaches (please mention name of each approach)& also calculte NNP , NI,PI,DI.

What is price-fixing? Provide an example.