Economics Answers

Suppose the economy is described by following characteristics
C(Y)=200+0.4(Y-T)
I=100
G=400
T=100
Determine the equilibrium output level.

Are there parallels to this situation and the pipeline that was disputed in the Dakotas?

Consumer income and the prices of substitute and complementary products are factors that can affect the

Explain and illustrate the following statement: “ A deficit on the balance on current account will impose severe constraints upon domestic economic policies”

What is the price of a 95 days, $150,000 Government of Canada treasury bill that yields 1.75 % per annum?

1. Julie makes and sells yoga mat. She sells the mat for $50 per unit. Material for the mat cost $15 each. She has fixed costs per month of $6,500 and estimates that she can make and sell 180 mats each month. How many mat does Julie need to sell to break even?

Y=X^1/5Z^4/5.what is expansion path equation?

If more Canadians adopted a “live for today” approach to life, how would this affect saving, investment, and the interest rate?

(a) What is the number of frictional/seasonal unemployed in Eastralia? (1 mark) (b) What is the number of structurally unemployed? (1 mark) (c)What is the number of cyclically unemployed? (2 marks) (d) What category of unemployed do the people in (v) fit into? (2 marks) (e)Explain whether or not there is a clear cut distinction between frictional,structural and cyclical unemployment. (4 marks)

The country of Eastralia is experiencing the following unemployment: (i) 1750 seasonal workers harvesting fruit have finished picking for the season. (ii) 800 motor vehicle workers have been retrenched because employers have decided to reduce production due to a fall in demand for motor vehicles. (iii) 250 skilled technicians are unemployed because their electrical mechanical skills have become redundant as firms have re-equipped with electronically advanced controlled equipment. (iv) 150 skilled workers are unemployed as a result of their firm losing an export contract to a competitor in another country who has recently installed new technologically advanced production methods. (v) Because they are convinced that no work exists for them in a depressed economy, 370 people aged over 55 years who are skilled have ceased looking for employment