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a. Petty shopper
b. Flower vendor
If government spending is higher than current government revenue, this is known as...
- A. the public debt.
- B. the budget deficit.
- C. good fiscal management.
- D. money financing.
- E. a deficit on the current account of the balance of payments.
YI = β 1X I 1 + β 2X I 2 + UI
WhereUi ∼ NID (0, σu2 ) , YI is observable random variable and theXij ' s , j =1, 2
are observable non-random (non-stochastic) variables.
The data that follows is based on a sample of size N = 120 and gives the
sums of squares and cross-products of the indicated variables
Y X1 X2Y 39 6 2X1 6 4 0X2 2 0 4
a). Compute the best linear unbiased estimates of the coefficients. (2 points)b). Give a 95% confidence interval for β1 . (2 points)Test the hypothesis H 0 : β1 + β2 = 1 against the alternative H 0: β1 + β2 ≠ 1
at the 95%confidence level.
Within the mixed economy, _____________.
- A. households and firms depend on each other to generate their income
- B. both households and firms are directly involved in production
- C. firms generate income from the factor market
- D. households produce factors of production
Gross domestic product (GDP) may be defined as ...
- A. total resource income less taxes, savings and spending on exports.
- B. the market value of all final goods and services produced in a country in a specific year.
- C. the economic value of all economic resources used in the production of a year's output.
- D. the monetary value of all goods and services (final, intermediate and non-market) produced in a given year.
What is the total consumption spending Equation if the saving function is S =-4000 + 0,4Y and autonomous investment spending is 8000
how do poverty and ignorance of parents hinder the growth of children? prepare an article about this situation taking examples from your surroundings. also suggest measures to overcome the problem
a) A farmer sells cabbages for N$10 per head. The farmer’s variable costs are N$2.50 per head and total cost of 100 heads is N$1450. i. How many cabbages must the manufacturer produce each month to break even? (6) ii. How man cabbages should be produced to make profit (4) b) Total cost of producing carrots is C(x) = 3600+100x+2x2 and the total revenue function R(x) =500x-2x2 i. Find the number of kg that maximizes profit (6) ii. Find maximum profit
A tax such as vat would generally be viewed as
