Economics Answers

Why is Keynes's analysis speculative demand for money important to his view that velocity will undergo substantial fluctuations and thus cannot be treated as constant?

Using data from the Economic Report of the President, calculate velocity For the M2 definie of the money fupply in the past five years Does velocity appear to be constant

1. now we look at the role taxes play in determining equilibrium income. Suppose we have an economy described by the following functions:

C = 500 + 0.8YD

I  = 700

G = 300

TR = 100

TA =  400

NX = -100

a. Calculate the equilibrium level of income and the multiplier in this model.

b. Calculate also the budget surplus, BS.

c. Suppose that TA increases to 500. What is the new equilibrium income? 

explain to me the determination and elasticity and inelasticity

Panel beater

S.Slinger is employed as a panel beater at NBW. Due to the nature of his work, he is remunerated on a time based system. The normal working week at NBW is 45 hours. On the first week of May 2021, S.Slinger worked for 50 hours. The company pay an hourly rate of N$30 per hour. Overtime when worked is remunerated at a time and half.

Deduction for the week:

Social security - 0.9 % of normal wages

Pension fund - 8% of normal wages

Income tax - N$315

REQUIRED:

Prepare a pay slip for S. Slinger

please explain to me the law of demand and supply how it works in economics and also explain to me debit and credit

Kalahari CC Statement of Financial Position as at 31 December 2020 2020 N$ 2019 N$ ASSETS 220 000 220 000 Non-current assets 123 000 77 000 Current assets 352 000 297 000 CAPITAL AND LIABILITIES Members’ contributions: 180 000 180 000 Beo(50%) 70 000 70 000 Reo(35%) 50 000 50 000 Teo(15%) 60 000 60 000 Retained earnings 90 000 65 000 Non-current liabilities 45 000 45 000 Current liabilities 37 000 7 000 352 000 297 000 You are required to: 1. Calculate the new membership interest and show the statement of changes in net membership investment and membership interest in each of the following instances separately. a) Beo decides to tell 1/5 of his current interest to Reo. The interest is valued at N$ 25 000 of which N$ 15 000 has been deposited into the bank account of the CC as a loan from Beo. The balance of the amount has been paid to Beo as his own funds. (17 marks). b) The CC buy back the interest of Teo for N$ 50 000

2020 2019

ASSETS 220 000 220 000

Non-current assets 123 000 77 000

352 000 297 000

2020& 2019

Members’ contributions: 180 000

Beo(50%) 70 000

Reo(35%) 50 000

Teo(15%) 60 000

Retained earnings 90 000 65 000

2020 2019

Non-current liabilities 45 000 45 000

Current liabilities 37 000 7 000

352 000 297 000

Suppose that the seller decrease Price for his/her good by5 percent.Discuss how total revenue changes when 1) ed=0.3 2) end =1 3). ed =1.5

The population in country A decrease ,due to a lower birth rate.there is an increase in the cost of fertilizer,which is used to grow vegetables. How the market for vegetables will be affected by these changes.