Suppose the hypothetical economy of Zululand produces only f.pdf

•

0 gefällt mir•4 views

Suppose the hypothetical economy of Zululand produces only four goods: food, shelter, clothing, and entertainment, and you are given the following information pertaining to the prices (P) and quantities (Q) produced for the years 2018 to 2020. Along with the above information, the table below provides some rudimentary calculations pertaining to prices and quantities for given years along with the corresponding totals beneath each column. a) Using the above information, fill in the table below for the values nominal GDP, real GDP, the GDP implicit price deflator, and the rate of inflation for each of the three years, and clearly indicate what the base year is.What does the GDP implicit price deflator represent? b) What is the nominal rate of growth in GDP from 2018 to 2019 ? The real rate (over the same period)? Why do they differ? c) Suppose that all of GDP is consumed in the year it is produced, and that base year consumption (the base year from a) is deemed the "representative" consumption bundle of the average consumer. Construct the Consumer price index and calculate the yearly inflation rate for each year by placing the appropriate values from the above table into the table below..

Bildung

Weitere ähnliche Inhalte

Ähnlich wie Suppose the hypothetical economy of Zululand produces only f.pdf

Chapter # 2 of macroeconomics by mankiw 9th edition. Measurements of national income in a small and large economy. Different concepts of national income are explained such as gdp, gnp, gni, disposable income, personal disposable income etc. Additionally, concepts such as depreciation and its impact on national income is also explained. The national income identity is elaborated along with 3 different methods to measure national incomes

Chapter 2.ppt of macroeconomics by mankiw 9th edition

MuhammadHusnain82237

Running head: RISK REDUCTION 1 RISK REDUCTION 4 Risk reduction Paul Grasso CSU Unit 6 Project EMS Risk Reduction Risk reduction Complete a cost vs. benefit analysis report for your risk reduction program. Cost-benefit analysis refers to a technique that is used in the comparison of the total costs that are incurred in a certain project or a program with the benefits, and it uses monetary units as the common metric. The costs that would be incurred in the implementation of a risk-reduction program includes the total cost of the activity including both the direct and the indirect costs as well as the costs of the potential risks that are likely to arise (Pearce, Atkinson, & Mourato, 2006). The cost depends on the approach of the program, and it looks into all the activities which are conducted as part of the systematic analysis and in the planning process including research. Additional expenses regarding money, time and other resources are considered to be more reasonable from the perspective of the willingness of the members of the public to incur expenses because these costs to a great extent aids in the reduction of the level or costs associated with the risks In the implementation of a risk reduction program, benefits refer to the advantages that the organization is likely to accrue as a result of the implementation. The benefits include all the direct as well as the indirect revenues and the intangible benefits such as increased level of productivity due to factors such as the improvement in morale and safety of the employee’s and also an increase in the level of sales as a result of the customer’s goodwill. Lots of benefits are derived from the use of additional resources to inhibit risks from taking place. Cost-benefit analysis aids in the calculation of the benefit or the net cost that is associated with a certain program. A lot of care should be taken in the process of cost-benefit analysis to ensure that neither cost nor benefits are underestimated or overestimated. Before the implementation of the risk reduction program, one should compare the aggregate cost and benefits to ensure that the benefits of implementation outweigh the cost. A program is said to be rational if the costs are less than the benefits and in case of this, it can thus be easily put forward. In the case that the costs are greater than the benefits, a review of the project should be done to increase the benefits or decrease the cost so that the program can be made viable (Quah, & Toh, 2012). References Pearce, D., Atkinson, G. & Mourato, S. (2006). Cost-benefit analysis and the environment : recent developments. Paris: Organisation for Economic Co-operation and Development. Quah, E. & Toh, R. (2012). Cost-benefit analysis : cases and materials. Milt ...

Running head RISK REDUCTION .docx

toltonkendal

25_KMBN102-Unit 5 economics Lesson 2.pptx

PriyanshuSingh578922

Chapter 1 57. What is the difference between recession and depression in an economy? Provide an example of depression from the real world that has hit the global economy. Use the following to answer question 58: Answer: When there is a mild fall in the gross domestic product (GDP) of an economy over a period of time it leads to recession in the economy. If the intensity of the fall in GDP is severe over a period of time, then it turns into a depression. Recession is cyclic in nature; that is, it repeats itself over a period of time in an economy. A famous example of depression is that of the Great Depression of the 1930s that occurred in the United States and affected the global economy. Even the financial crisis of 2008-2009 in the United States was very much reminiscent of the Great Depression. 58. Refer to the following graph and identify the years for which Country A and Country B experienced recession. Country A experienced its recession during 2003 and its early recovery during 2004. Country B experienced its first recession during 2002 and its early recovery in 2003. Country B experienced a second recession in 2007. 59. Why do we call macroeconomics an imperfect science? Explain. The study of macroeconomics depends mainly upon the historical data on different economies. Macroeconomists analyze these data to explain changes occurring in different economic parameters (income, prices, unemployment, etc.) and formulate policies. Additionally, macroeconomic studies cannot be conducted in controlled experiments, as in biology or chemistry, for example. In this way, macroeconomists are similar to weather forecasters. 60. Are the terms “market clearing” and “equilibrium” one and the same? Explain. Yes, both terms represent the same notion: the balance between supply and demand. It is the balancing point at which everything that is produced gets sold and fulfills the entire demand. Thus, if all other things remain constant, then there is no tendency to change the quantity supplied and demanded at this point. 61. Do you agree with the statement, “macroeconomics rests on the foundation of microeconomics”? Explain. Macroeconomics involves studying the aggregate of economic variables related to individual decision making parameters, which are microeconomic (think of individuals' expenses, investments, etc.). That is to say, the total expenditure in an economy is the aggregate (sum) of all the expenditures done by all consumers in that economy, or the total investment done in an economy is the aggregate (sum) of all individual investments done by firms in that economy. This reflects that macroeconomic study rests on the foundation of microeconomics. 62. Give two examples of macroeconomic variables and microeconomic variables. The income of your father is a microeconomic variable, while the gross domestic product (GDP) of your country is a macroeconomic variable. The money your father saves in the bank is a microeconomic va.

Chapter 1 57.What is the difference between recession and de.docx

sleeperharwell

International income accounting

Sharun Ichigo

Nominal and real GNP

RajbardhanSingh3

Introduction to GDP

BHANU DIXIT

20959913 crecimiento-economico-y-pib

will89

Measuring The Cost of living

djalex035

PPT MACRO.ppt

DionSantiago1

Principles of Macroeconomics Notes

Laurel Ayuyao

Economics 7

Golam Bitonsir

N iaccounting

Beenish Tariq Zuberi Federal Urdu University of Arts, Science and Technology

Calculation of GDP and GDP growth rate

Ryan Shams

Ähnlich wie Suppose the hypothetical economy of Zululand produces only f.pdf (14)

Chapter 2.ppt of macroeconomics by mankiw 9th edition

Running head RISK REDUCTION .docx

25_KMBN102-Unit 5 economics Lesson 2.pptx

Chapter 1 57.What is the difference between recession and de.docx

International income accounting

Nominal and real GNP

Introduction to GDP

20959913 crecimiento-economico-y-pib

Measuring The Cost of living

PPT MACRO.ppt

Principles of Macroeconomics Notes

Economics 7

N iaccounting

Calculation of GDP and GDP growth rate

Mehr von actionindia2

Suppose you have the folowing class defintion for the object.pdf

actionindia2

Suppose you take two different samples of size 9 and 16 from.pdf

actionindia2

Suppose you make a parswas a That consists of 6 chen 147.pdf

actionindia2

Suppose X has the possible values 01234 Suppose that th.pdf

actionindia2

Suppose you are assigned to develop a Mobile Financial Services Software for a company that is going to operate in our country like bKash. Answer the following questions with that perspective: i. Mention the major steps those are needed to finalizing the products feature list. Consider the different required steps like information gathering, products comparison, gap analysis and features finalization etc..

Suppose you are assigned to develop a Mobile Financial Servi.pdf

actionindia2

Suppose you are interested in uncovering the relationship between snowfall (in inches) in the month of December and the flow rate of Yosemite Falls in April (in cubic meters per second) over the span of years from 2005 to 2010 (inclusive). You observe the following snowfall and Yosemite Falls flowrate data: December Snowfall (X)=[16,19,18,16,20,17] and April Flowrate (Y)=[22,23,21,18,26,21]. What is ? About 3.216 About -1.575 About 4.961 About 8.712 None of the above are close.

Suppose you are interested in uncovering the relationship be.pdf

actionindia2

Suppose you are indifferent between the investment in a taxa.pdf

actionindia2

Suppose Y1Y2Yn follow multivariate normal with mean 1 an.pdf

actionindia2

Suppose XY have joint density function fXYxy53xy+y2.pdf

actionindia2

Suppose XY have the joint probability density function gi.pdf

actionindia2

Suppose you are elected to Federal Parliament of Australia and you are made the Minister for the Environment. What action will you take to reduce carbon emissions in the country? What instrument or instruments of pollution control would you use? What are the main barriers to implementing such instruments in Australia? Discuss the relevant issues providing an in-depth justification of the instrument/s that you have selected..

Suppose you are elected to Federal Parliament of Australia a.pdf

actionindia2

Suppose X1,,Xn are i.i.d random variables with mean E(X)= and variance VAR(X)=2. Sample variance is defined as Vn=n1i=1n(XiMn)2,1 where Mn is the sample mean. Show that the expected value of Vn is given by: E[Vn]=nn12 Hint: Manipulate Vn into the form: Vn=n1i=1n(Xi)2( Mn)2 Provide an explanation as to why the sample variance is not an unbiased estimator; in other words, why do we have the factor nn1 ?.

Suppose X1Xn are iid random variables with mean EX an.pdf

actionindia2

Suppose there is a mini-economy with two people A and B. A social planner has some income to allocate between them. (a) Suppose A is a "better utility producer" than B. Assume both people only care about their own allocation. Draw a plausible utility possibilities set for the two people and explain briefly two important features of the shape you have given it. [8] (b) Use your part (a) diagram to illustrate what a RawIsian and a Utilitarian social welfare function would choose as the social optimum. [6] (c) Describe and explain the reasons for any differences between the two outcomes you showed in part (b). [6].

Suppose there is a minieconomy with two people A and B A s.pdf

actionindia2

Suppose we have a correctly working user program fragment: L1: CMP R1, R2 L2: Jmpn L3 L3: Now suppose we replace the above code fragment by: L1: CMP R1, R2 Syscall //a system call instruction L2: Jmpn L3 L3: The service routine for Syscall is a two line code: CMP R2, R1 RTI Note that the CMP instruction in the service routine will update condition codes. Will the new user code fragment work correctly as before? (Yes or No). Justify your answer in less than 100 words..

Suppose we have a correctly working user program fragment L.pdf

actionindia2

Suppose we have a random sample of size n from a population .pdf

actionindia2

Suppose the following data describe a nations population I.pdf

actionindia2

Suppose the Queensland Government is considering establishing a new stadium for Olympics 2032. Which action below is included in the major steps of CBA for this project? Secure funding for the stadium. Identify the users of the stadium. Predict the impacts of the stadium over its entire life. Explain why the stadium is beneficial to Queensland. Secure funding for the stadium. Identify the users of the stadium. Predict the impacts of the stadium over its entire life. Explain why the stadium is beneficial to Queensland..

Suppose the Queensland Government is considering establishin.pdf

actionindia2

Suppose three fair dice are rolled What is the probability .pdf

actionindia2

Suppose the work on ObjectOriented Design starts with the .pdf

actionindia2

suppose the prevalance P088 of type two diabetes follows .pdf

actionindia2

Mehr von actionindia2 (20)