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Indirect Business Taxes 919.0
Corporate profits 1208.9
Corporate profits taxes 469.4
Retained earnings 330.8
Proprietors' income 1038.4
Rental Income 62.1
Net Interest 1171.1
Exports 1685.7
Imports 2380.4
Income Receipts from rest of world 855.6
Income Payments to rest of world 754.9
Net National Product 12380.8
Government expenditures for Goods and Services 2716.5
Personal current Transfer receipts 1742.3
Social Security Taxes (employee & employer) 981.5
Personal Consumption expenditures 9785.7
Gross Private Domestic Investment 2162.9
Disposable personal income 10257.5
f. Find Wages and Salaries.
g. Find the percentage 'Wages and Salaries' is of National income.
h. Find Personal Income.
i. Find Personal Income Taxes.
j. Find Personal Saving.
k. Find the percentage Personal Saving of Disposable Personal Income
P=20-2Q demand function and P=10+6Q Supply function calculate consumers' and producer's surplus
According to the circular flow what is the reason for the three key sectors to work together
q=100kL. If the price of capital is r= $120 per day and the price of labor is w= $30 per day, What is the combination of labor and capital if the manufacturer wants to produce 100 units?
How do oligopolistic firm maximizes profits in the short run
A diet is to contain at least 20 ounces of protein and 15 ounces of carbohydrate. There are three foods A, B and C available in the market, costing Rs.2, Re.1 and Rs.3 per unit respectively. Each unit of A contains 2 ounces of protein and 4 ounces of carbohydrate; each unit of B contains 3 ounces of protein and 2 ounces of carbohydrate; and each unit of C contains 4 ounces of protein and 2 ounces of carbohydrate. Find by using simplex method, how many units of each food the diet should contain so that the cost per diet is minimum.
In 2021, a major ice storm hit the northern areas. The storm brought down power lines and trees, cutting electricity in many areas, making travel difficult, and slowing down repair crews. Heating homes became a major challenge. The storm created shortages of power generators. As a result, those products sold at prices much higher than normal. These high prices provoked cries of “price gouging” and calls on the government to impose price controls to prevent gouging. While no one likes to pay a higher price than normal for something, consider what would have happened with a price ceiling. The economic intuition is revealing.
Draw a diagram showing the market for generators with an equilibrium price at Rs.25,000. Now impose a price ceiling at Rs.20,000 per generator. What would be the impact of the price ceiling on the quantity demanded? On the quantity supplied? Who would benefit from the price ceiling and who would be harmed? Let the graph guide your thinking. Don’t start with your gut reaction!
Suppose you manage a local grocery store and you learn that Imtiaz super Market is about to open a store near you.
Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). Note, we are assuming you each sell one representative good.
Explain how the opening of this new store may affect your business. Be sure to address what can happen to your customers, supply and demand, and prices. What will happen to your profits? Show graphically and explain your reasoning in detail.
Explain at least one strategy that could be used to defend your market share against the new store (e.g., address what you are going to do to keep your customers).
Assume an economy where money demand varies directly with real income and inversely with nominal interest rate. What will happen to the price level in the economy today, if the central bank announces that it will decrease the money growth rate in the future while keeping the money supply unchanged?
Compute the following to get the equilibrium price and quantity.
1) If Qd = 30-2P and Qd is 4. What is now P?
2) If the Demand Function is Qd = 30-2P and P is 2. What is now Qd?
3) Qd= 30-5P
4) Qs= 0+5P
