, how much would government spending have to rise to increase output by $

Consider the following data set:

Andrei [34K]

Answer:

Kindly check explanation

Explanation:

To obtain the mean absolute deviation(MAD) :

Subtract the forecasted values from the actual values and find its absolute equivalent.

Error (E) = (Actual - forecast)

e1 - - - |e1| - - - - e2 - - - |e2| - APE1 - - APE2

6 - - - - 6 - - - - - 8 - - - - 8 - - 0.772 - - - 1.030

4 - - - - 4 - - - - - 2 - - - - 2 - - 0.507 - - 0.253

4 - - - - 4 - - - - - 2 - - - - 2 - - 0.504 - - 0.252

(-4) - - - 4 - - - - - (-18) - - 18 - 0.513 - - 2.308

(-2) - - - 2 - - - - (-6) - - - 6 - - 0.260 - - 0.781

11 - - - - 11 - - - - 9 - - - - 9 - - 1.412 - - - 1.155

(-1) - - - 1 - - - - - 1 - - - - 1 - - - 0.132 - - 0.132

14 - - - 14 - - - - 10 - - - 10 - - 1.783 - - 1.274

2 - - - - 2 - - - - (-2) - - 2 - - - 0.254 - - 0.254

3 - - - - 3 - - - - - 3 - - - 3 - - 0.379 - - - 0.379

MAD for forecast 1:

(Sum of |e1|) / number of observation

(6 + 4 + 4 + 4 + 2 + 11 + 1 + 14 + 2 + 3) / 10

= 51 / 10

= 5.1

MAD for forecast 2:

(Sum of |e2|) / number of observation

(8 + 2 + 2 + 18 + 6 + 9 + 1 + 10 + 2 + 3) / 10

61 / 10

= 6.1

MAPE = (Sum of absolute percentage error) / number of observations

Forecast 1:

(0.772 + 0.507 + 0.504 + 0.513 + 0.260 + 1.412 + 0.132 + 1.783 + 0.254 + 0.379)% / 10

= 6.516% / 10 = 0.6516%

MAPE Forecast 2:

(1.030 + 0.253 + 0.252 + 2.308 + 0.781 + 1.155 + 0.132 + 1.274 + 0.254 + 0.379)% / 10

= 7.818% / 10

= 0.7818%

4 0

3 years ago

Categorize the statements according to whether they promote economic growth or inhibit economic growth. Promote economic growth

Marina86 [1]

Answer:

Categorization of Statements

Promotion of Economic Growth:

- clear laws regarding the transfer of property from one person to another

- the enforcement of trademarks

- A nation's central bank declares it will print money to pay for government expenditure.

- the use of competitive markets to allocate goods and services

Inhibition of Economic Growth:

- the creation of a price floor on sugar

- the development of regulations that make creating small businesses difficult

- a corrupt government

Explanation:

Economic growth can be increased by the reduction of the borrowing costs and interest rates and encouraging consumer spending and business investments.

The factors that inhibit economic growth also create market inefficiencies. They include lack of basic infrastructure, healthcare, and education, capital flight and economic uncertainties, ageing population, political instability, and rampant corruption.

6 0

2 years ago

A loss on disposal of a plant asset is reported in the financial statements as a direct increase to the capital account on the b

luda_lava [24]

Answer:

in the Other Expenses and Losses section of the income statement.

Explanation:

Firstly, A loss on disposal of a plant asset is an expense.

therefore,

A loss on disposal of a plant asset is reported in the financial statements in the Other Expenses and Losses section of the income statement.

8 0

3 years ago

Nescafe coffee is marketed using different coffee blends and promotional campaigns to match consumer preferences in different co

Alexandra [31]

The answer is dual adaption marketing strategy. It is the adaptation of both the good and the communications to a local marketplace. For instance, when a business modifies their marketing communications for a local market, the method is recognized as communications adaptation.

4 0

3 years ago

Monetary policy Select one: a. cannot be implemented quickly and most of its impact on aggregate demand occurs months after poli

Rama09 [41]

Answer:

c. can be implemented quickly, but most of its impact on aggregate demand occurs months after policy is implemented.

Explanation:

A monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country. In order to boost economic growth, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.

Generally, money supply comprises of checks, cash, money market mutual funds (MMF) and credit (mortgage, bonds and loans).

Typically, a monetary policy can be implemented quickly by the central bank of a particular country, but most of its impact on aggregate demand occurs months after policy is implemented.

8 0

3 years ago

​, how much would government spending have to rise to increase output by ​$

, how much would government spending have to rise to increase output by $