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Economics
A lump-sum loan of $15,000 is needed by
Chandra to pay for college expenses. She has obtained
small consumer loans with 10% interest per year in
the past to help pay for college. But her father has
advised her to apply for a PLUS student loan charging
only 7% interest per year. If the loan will be repaid in
full in 5 years, what is the difference in total interest
accumulated by these two types of student loans?
Chandra to pay for college expenses. She has obtained
small consumer loans with 10% interest per year in
the past to help pay for college. But her father has
advised her to apply for a PLUS student loan charging
only 7% interest per year. If the loan will be repaid in
full in 5 years, what is the difference in total interest
accumulated by these two types of student loans?
A lump-sum loan of $15,000 is needed by
Chandra to pay for college expenses. She has obtained
small consumer loans with 10% interest per year in
the past to help pay for college. But her father has
advised her to apply for a PLUS student loan charging
only 7% interest per year. If the loan will be repaid in
full in 5 years, what is the difference in total interest
accumulated by these two types of student loans?
Chandra to pay for college expenses. She has obtained
small consumer loans with 10% interest per year in
the past to help pay for college. But her father has
advised her to apply for a PLUS student loan charging
only 7% interest per year. If the loan will be repaid in
full in 5 years, what is the difference in total interest
accumulated by these two types of student loans?
A.in the Keynesian model,suppose a depreciation of the South African rand against the US dollar leads to an increase in exports. What will happen to the aggregate spending curve if imports remain unchanged 1.it will stay the same 2.it will shift upwards 3it will shift downwards 4the slope becomes flatter B.which of the following will increase the size of multiplier 1.an increase in government spending 2.an increase in marginal propensity to consume 3.an increase in the marginal propensity to save 4.an increase in autonomous spending
Economics
If a price of corn is $3.00 a bushel, 5,000 bushels would be demanded. If the price rises to $4.00 a bushel, 4,000 bushels would be demanded
a. What is the (arc) price elasticity of demand?
b. Based on this answer, if the price of corn rose to $5.00 a bushel, what would be the demand for corn?
c. If the price of corn decreased from $4.00 to $3.00 a bushel, what would be the change in total revenue for sellers of corn?
d. If the price of corn increased from $4.00 to $5.00 a bushel, what would be the change in total revenue for sellers of corn?
a. What is the (arc) price elasticity of demand?
b. Based on this answer, if the price of corn rose to $5.00 a bushel, what would be the demand for corn?
c. If the price of corn decreased from $4.00 to $3.00 a bushel, what would be the change in total revenue for sellers of corn?
d. If the price of corn increased from $4.00 to $5.00 a bushel, what would be the change in total revenue for sellers of corn?
Given 35.9million as working age population, 4.6million are part time workers and 15.71million working full time. 3.2million job search happened in less than 2 weeks ago among non workers, 1.72million most recently looked for work between 2 & 4 weeks ago. An additional 0.86million most recently looked for work 5weeks ago and 9.81m who don't have jobs have not looked for work in the past 6 weeks.
1. Size of the total labour force
2.How many people are unemployed?
3. labour force participation rate?
4. What is the unemployment rate?
1. Size of the total labour force
2.How many people are unemployed?
3. labour force participation rate?
4. What is the unemployment rate?
with the aid of a diagram, discuss the welfare effect of this new legislation if the new minimum wage is (1) below the equilibrium wage and (2) above the equilibrium wage rate with labor hours as your quantity variable
In the simple Keynesian model,which of the following is incorrect about investing?1As income increases,investment also increase 2There is a negative relationship between investment and interest rate 3.investment is autonomous and is illustrated by a horizontal line 4.investment is not effected by the level of income Bwhich of the following is incorrect about imports in the Keynesian model?1They not always taken as independent of the level of income 2.increase when the level of income increases 3.decrease when the level of income increases 4.they may be greater than exports
Graphically show how (a) Expansionary Fiscal Policy eliminates recessionary gap and, (b) Contractionary Fiscal Policy eliminates inflationary gap.
A hypothetical society has three income earners, and all three must pay income taxes. The taxable income of Smith is $40,000, the taxable income of Jones is $100,000, and the taxable income of Brown is $200,000.
a. How much tax revenue is raised under a proportional income tax when the tax rate is 10 percent? How much is raised if the tax rate is 15%?
b. A progressive tax system is installed with a rate of 5 % on an income of $0–$40,000, a rate of 8 % on income over $40,000 and under $100,000, and a rate of 15% on all income over $100,000. Will this system raise more or less tax revenue than a proportional tax rate of 10 %?
a. How much tax revenue is raised under a proportional income tax when the tax rate is 10 percent? How much is raised if the tax rate is 15%?
b. A progressive tax system is installed with a rate of 5 % on an income of $0–$40,000, a rate of 8 % on income over $40,000 and under $100,000, and a rate of 15% on all income over $100,000. Will this system raise more or less tax revenue than a proportional tax rate of 10 %?
with regard to coal shortages and municipal debts, what forms of interventions do you think Eskom can put in place in order to cover up for all the debts and continue operating?incorporate relevant graphs.25 marks
