Economics Answers

Is there an apparent relationship between low savings ratios and the ratio of foreign debt
to GDP? Explain

The inability to fund investment with internal savings suggests the need to borrow the required funds elsewhere. On the other hand, the presence of excessively high levels of foreign debt relative to GDP may suggest a need to constraint current investment (and consumption) expenditures in order to service the debt load.

Suppose nominal gdp starts at 1000 and grows each quarter by 0.65% . What is the level of gap after 7 years?

jules is thinking about opening a jewelry store why would she need seed capital?
a. train the workers
b.purchase equipment
c. develop a business model
d.rent a store

Part 1: Multiple Choice Questions [1 point each]
1. When will buyers of a product pay the majority of a tax placed on a product?
a. when supply is more elastic than demand
b. when demand is more elastic than supply
c. when the tax is placed on the seller of the product
d. when the tax is placed on the buyer of the product
2. Harry's Candy shop’s total monthly revenue increased from $1,000 to $2,000 when its quantity sold rises from 100 to 300 candies a month. What is the price elasticity of demand for Harry's candies?
a. 2.318
b. 0.395
c. 2.530
d. 1.816
3. Which best represents the concept represented by the adage “There is no such thing as a free lunch”
a. Melissa can only attend the concert if she takes her sister with her.
b. Greg is hungry and homeless.
c. Brian must repair the tire on his bike before he can ride it to class.
d. Kendra must decide between going to Miami or Cancun for spring break.

If an employee deposits Rs. 2,000 at the end of each year into his company’s plan which pays 7% interest compounded quarterly, how much will he have in the account at the end of 5 years?

1) How to derive consumption function and saving function in the form of national income?
2) How to calculate inflationary gap or deflationary gap based on full employment level of income level?

Calculate price elasticity of demand using point elasticity method when the company is in equilibrium and interpret the result.

Consider a utility company in a city which is the only licensed water supplier in the city. The demand for water is given by P = 10 - 0.006Q and the marginal cost of the company is given by MC = 2 + 0.004Q. Identify the optimal output, the market price, the consumer surplus, the producer surplus and the deadweight loss in the water market

Suppose 1 800 000 people are employed, 40 000 people are unemployed, and an additional
250 000 people are not in the labour force but are of working age. What is the formula for the
unemployment rate?. And how do you Calculate the unemployment rate.

What is the formula for the labour force participation rate? and if so how do you calculate this?

Thanks and i hope you have a great day.