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2 years ago

Given a constant rate of growth of real gdp, what would cause a fall in real gdp per capita?

Business

1 answer:

docker41 [41]2 years ago

7 0

Answer:

Increase in population

Explanation:

When GDP is growing at a constant rate, the only way that real GDP per capita falls is when population growth rate is higher than that of GDP growth rate.

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Suppose the market price is $5. The buyer who buys the first unit of output has a willingness-to-buy equal to $10; the buyer who

yuradex [85]

Answer:

Option D is correct one.

Explanation:

Consumer surplus is the difference between willingness to pay and market price.

Consumer surplus= (10-5) + (9-5) + (8-5)

= 5+4+3= 12

4 0

3 years ago

What should the project manager of a team do to successfully manage a team? The project manager should train team members on -re

lawyer [7]

Answer:

This is correct, along with some other things a project manager could do.

Explanation:

6 0

3 years ago

If the demand curve for coconut oil is expressed as Q=1200-10p+16p_p+0.2Y, where Q is the quantity of coconut oil demanded in th

lbvjy [14]

Answer:

$\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}=0.2\frac{501}{1300}=0.077$

Explanation:

To find the income elasticity we first must recall the formula

$\eta_{q,y}=\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}$

which is the percentage change in quantity when income increases in one percent.

From the demand curve we can find $\frac{\Delta Q}{\Delta Y}$ by taking derivative of Q with respect to Y: $\frac{\Delta Q}{\Delta Y} =0.2$

Next we need to know what is the income at the equilibrium quantity of 1300, which we can back out from the data given in the question

$Q=1200-10p+16p_p+0.2Y$

$1300=1200-10\times .50+16\times .30+0.2Y\\100+5-4.8=0.2Y\\Y=\frac{100.2}{0.2}=501$

Then

$\eta_{q,y}=\frac{\Delta Q}{\Delta Y} \frac{Y}{Q}=0.2\frac{501}{1300}=0.077$

8 0

3 years ago

1. Consider an economy in which autonomous consumption is 800, the marginal propensity to consume is 0.8, investment is 400, gov

Darya [45]

Answer:

1800
500
Spending multiplier =5 , Tax multiplier =4
new GDP =2000 , Increase GDP level = 11.11%

new GDP =1800 , Increase in GDP level = 0%

Explanation:

Equilibrium GDP = C+I+G+net export

C = private consumption

I = investment

G = government consumption

Net export = export - import

800+400+500+100 = 1800

Saving at GDP = (GDP-T-C) +(T-G)

(1800-400-800)+(400-500) = 500

SPENDING MULTIPLIER = 1 / 1 - MPC

= 1 / 1 - 0.8 = 5

TAX MULTIPLIER = MPC / 1 - MPC

= 0.8/1-0.8

=0.8 / 0.20 = 4

New equilibrium GDP = GDP + 200 = 2000

Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100

(2000-1800) / 1800 = 11.11%

New Equilibrium GDP = C + I+ G + Net export

(800-200) +400 +(500+200) +100 = 1800

Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100

There is no change in GDP.

4 0

3 years ago

For a new small business, it's usually good to have what kind of scope? A.) A large scope with a variety of unrelated products a

sdas [7]

D. A small scope of closely related products or services. (However, ideally you would want to have a large scope that appeals to as many target audiences as possible.)

8 0

3 years ago