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SOVA2 [1]
2 years ago
12

National income and product data are generally revised. what effects would the following revisions have on consumption, investme

nt, government purchases, net exports, and gdp?
Business
1 answer:
Flauer [41]2 years ago
8 0

The effects are:

1) There will be a $24 million boost in GDP and consumption.

2) Net exports will decrease by $29 000 while consumption rises by $29 000. GDP stays the same.

3) The GDP and investment will both rise by $12.43 million.

2) Net exports will fall by $23.12 million, while investment rises by that same amount. GDP stays the same.

Complete Question: National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP?

1.) It is discovered that consumers bought $24 million more laptops than previously thought. The computers were manufactured in California.

2.) It is discovered that consumers bought $29 thousand more laptops than previously thought. The computers were manufactured in China.

3.) It is discovered that businesses bought $12.43 million more laptops than previously thought. The computers were manufactured in California.

4.) It is discovered that businesses bought $23.12 million in more laptops than previously thought. The computers were manufactured in China.

National Income: The whole of a country's current production income, comprising interest, rental income, business after-tax profits, and employee remuneration, is known as National Income.

To learn more about National Income, visit the following link:

brainly.com/question/20519015

#SPJ4

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Georgina consumes only grapefruits and pineapples. Her utility function is U (x comma y )equals x to the power of 0.8 end expone
vlabodo [156]

Answer:

21

Explanation:

Given that:

The utility function U(x, y) = x^{0.8} y^{0.2}

The budget line income is:

105=4x +3y

The equation MRTS is:

\dfrac{MU_x}{MU_y } =\dfrac{ Px}{Py}

where;

MU_x(x,y) = 0.8 \times x^{0.8-1}\times y^{0.2} \\ \\ \implies 0.8 \times x^{-0.2}\times y^{0.2}

MU_y(x,y) = 0.2 \times x^{0.8}\times y^{0.2-1} \\ \\ \implies 0.8 \times x^{0.8}\times y^{-0.8}

and:

P_y= 3

P_x = 4

∴

Using the equation MRTS:

\dfrac{MU_x}{MU_y } =\dfrac{ Px}{Py}

\dfrac{ 0.8 \times x^{-0.2}\times y^{0.2} }{0.8 \times x^{0.8}\times y^{-0.8}} = \dfrac{4}{3}

\dfrac{4y }{x} = \dfrac{4}{3}

4x = 12y

x = 12y/4

x = 3y

Replacing the value of x into the budget line income, we have:

105 = 4x + 3y

105 = 4(3y) + 3y

105 = 12y + 3y

105 = 15y

y = 105/15

y = 7

Then, from x = 3y

x = 3(7)

x = 21

Thus, she will consume 21 gapefruits

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3 years ago
What is the definition of the time/value of Money A:the relationship between time money and the rate of return and their effect
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Answer:

The answer is B

Explanation:

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Simmons Consulting Co. has the following accounts in ts ledger Cash: Accounts Receivable Supplies: Office Equipment Accounts Pay
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Answer:

Simmons Consulting Co

<u><em>General Journal</em></u>

Oct 1

Rent Expense $4,800 (debit)

Cash $4,800 (credit)

<em>Paid Rent Expense</em>

Oct 3

Advertising expense $2,500 (debit)

Cash $2,500 (credit)

<em>Paid Advertising Expense</em>

Oct 5

Supplies  $1,390 (debit)

Cash $1,390 (credit)

<em>Paid for Supplies</em>

Oct 6

Office equipment $10,670 (debit)

Office Equipment Accounts Payable $10,670 (credit)

<em>Bought Office equipment on credit</em>

Oct 10

Accounts Receivable $19,730 (debit)

Cash $19,730 (credit)

<em>Received payment from accounts</em>

Oct 15

Cash $59,480 (debit)

Accounts Payable $59,480 (credit)

<em>Made payment to Accounts Payable</em>

Oct 27

Miscellaneous Expenses $530 (debit)

Cash $530 (credit)

<em>Paid for Miscellaneous Expenses</em>

Oct 30

Utilities expense $220 (debit)

Cash $220 (credit)

<em>Paid for telephone bill</em>

Oct 31

Cash $538,620 (debit)

Fees Earned $538,620 (credit)

<em>Cash received for Fees Earned</em>

Oct 31

Utilities expense $1,540 (debit)

Cash $1,540 (credit)

<em>Paid for electricity bill</em>

Oct 31

Drawings $56,700 (debit)

Cash $56,700(credit)

<em>Cash drawings by owner</em>

Explanation:

I have prepared the journals and their narrations, see the above.

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