Search & Filtering
Consider the Ghana economy with the following data.
- Compensation of employees =gh 7113
- Proprietors income = gh 939
- Rental income of persons = gh 150
- Corporate profits = gh 1352
- Net intereste = gh 498
- Taxe on production and import = gh 848
- Current surplus of government enterprise = gh 53
- Stock appreciation = gh 100
- Statistical discrepancy = gh 50
- Capital consumption allowance = gh 70
- Private final consumption expenditure = gh 170
- Income received nationals abroad = gh 90
- Income of foreigners in the country = gh 150
- Subsides = gh 40
- Indirect taxes = gh 60
a. Calculate the national income of ghana using the data in the table above.
b. Calculate the Net national income at market price (NNI mp).
You are considering quitting your job where you earn $3,000
per month and opening a new business. The cost of renting an office is $2,100
per month, hiring employees would cost $3,300
per month, and utilities would cost $100
per month. The new business will earn a total revenue of $6,100
per month. What is your economic profit?
How does an oligopoly cause market failure
suppose that the government puts a tax of 10cents on a liter of diesel and then decides to put a subsidy at a rate of 5 cents a liter.what net tax is this combination equivalent to?
The market for pencils is in equilibrium. If the price of pens (a substitute for pencils) increases the impact on the market for pencils will be ___________ in equilibrium price and __________ in equilibrium quantity
1.Name of the Employee Abebe Gemeda Basic Salary 12,000 Transport
Allowance 4,000 HardshipAllowance 3000 over time Hours 16 Duration Holiday.
2. Name of the Employee Ayisha Sultan Basic Salary 6000 Transport Allowance 3000 Hardship Allowance 2000 Over time Hours 12 Duration normal.
3.Name of the Employee Chala Tola Basic Salary 8,000 Transport Allowance 3500 Hardship Allowance 2500 Over time Hours 10 Duration weekend.
4.Name of the Employee Ahmed Seid Basic Salary 5000 ransport Allowance 2500 Hardship Allowance 1500 Over time Hours 8 Duration late .
Additional Information
1. All employees are expected to work for 40 hours per week and a month has 4 weeks. And all employees perform as it is expected
2. All employees except Chala Tola are permanent
3. All employees except Ayisha Sultan Contribute 4% to wards credit association
4. The employer (ABC Company) contributes 20% of each permanent employee’s towards provident fund
Based on the data given above calculate
A. Overtime of each employee
A technological advancement for Good A will shift the _________ curve of Good A to the _________, leading to a(n) ___________in the equilibrium price
Explain the general concept of production and cost analysis
Suppose you are endowed with $200 today. You care both about how much
you can consume today and how much you can consume tomorrow. Sup-
pose you expect the inflation rate to be 5%. The following alternatives are
available to you:
A: Put some money in your cupboard.
B: Start a Fixed Deposit with some money in a bank providing an 8% interest
rate.
C: Borrow some money from a bank at a 10% rate of interest.
D: Invest some money in a financial instrument providing a 10% rate of
return.
Note that "some money" here means any amount out of the allocated
$200. Show using a diagram and simple algebra the best (largest) consump-
tion possibility. In words or using algebra explain why any other option is
not preferred.
What determines the number of tourists coming to Fasil Castle?
