Total GDP increases by the same Macroeconomics homework 1. However, because the firm that invented the engine, the Futures Unlimited Corporation, already has a government license to control and distribute the quantity of this certain isotope of plutonium on the market, it is now conceivably in charge of a monopoly on plutonium-fueled transportation.
Describe the economic outcome of this single-price monopoly in terms of profit.
Inreal GDP did not rise but prices did. Consider the following weekly production possibilities of gloves and hats in Panama and Russia: A family buys a new refrigerator Consumption increases because a refrigerator is a good purchased by a household.
Honda downsizes its factory in Marysville, Ohio Investment decreases because some structures and equipment were put away.
Thus, expenditure by buyers must equal income by sellers. Your parents buy a bottle of French wine Consumption increases because the bottle is a good purchased by a household, but net exports decrease because the bottle was imported. The increase in consumption cancels the decrease in investment, so there is no change to the total GDP recall that GDP does not include the value from sale of used good d.
Provide one 1 supporting fact to support your response. California repaves Highway Government purchases increase because the government spent money to provide a good to the public.
Would consumers benefit more from a tariff or a quota on imports? This means that the percentage change in real GDP is zero. Why is the money multiplier in the United States smaller than the inverse of the required reserve ratio?
How about total GDP in this year? Likewise, output levels did not change from to Explain why depositing cash into a checking account does not change the money supply.
Consumption increases because pizza is a good purchased by a household. Explain in words why your answer makes sense.
The latest discovery is the plutonium engine, which is capable of converting plutonium, a by-product of nuclear fission, into fuel to power the nuclear reactors in our new form of transportation, the rocket-car.
You cannot determine if a rise in nominal GDP has been caused by increased production or higher prices. For each year, identify the variable that does not change.
Inreal GDP rose but prices did not. But nominal GDP is affected both by quantity and price.Macroeconomics homework. Question 1 Directions: Be sure to save an electronic copy of your answer before submitting it to Ashworth College for grading.
Homework Assignment Week 1 Essay. Homework Assignment Week 1 (Objective ) The following questions deal with auditing standards. Choose the best response. A. International Standards on Auditing are established by the: (2) International Auditing and Assurance Standards Board. B. EC Principles of Macroeconomics – Homework 1 Exercise 1: • People decide to have more children o The determinant of the demand that is affected is change in the number of buyers.
Because people have more children, there will be an increased number of buyers%(18). View Homework Help - Chapter 2 Homework Assignment - Macroeconomics from ECON at Bowie State University. Chapter 2 Homework 1. award: 2 out of 94%(17). Principles of Macroeconomics Homework 1 Please write down your answers as clearly as possible.
1. Below are some data from the land of milk and honey. Year Price of Milk $1 $1 $2 Quantity of Milk quarts Price of Honey $2 $2 $4 Quantity of Honey 50 quarts a.
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