Answer:
A. Money left over after taxes are paid - Disposable income
B. Quantity theory of money helps explain the shape of this - Real
C. Part of GDP s definition that captures the quality of goods and services - Market Value
D. Caused by a fall in the money supply - Final
E. Part of GDP s definition that means you exclude used goods and services - Real
F. Sticky prices/wages justifies its shape - Final
G. Part of GDP s definition that means you exclude intermediary goods and services - Market Value
H. Used to make loans - Excess reserves
I. Used to cover withdraws - Disposable income
J. Interest rates are at their lower bound - Real
K. Represents the economy s fundamentals, such as population, capital, and technology - LRAS
L. Adjusted for inflation Final
M. Caused by a collapse of the stock market - Market Value
Explanation:
Long run aggregate supply is adjusted based on the products produced in the country. The supply rate is also adjusted based on demand factor. GDP is the monetary value of all goods and services produced in the country during a certain period.
Answer:
Explanation:
Intellectual property protection is critical to fostering innovation. Without protection of ideas, businesses and individuals would not reap the full benefits of their inventions and would focus less on research and development. Similarly, artists would not be fully compensated for their creations and cultural vitality would suffer as a result.
Answer:
160
Explanation:
Given: CPI basket contain 400 oranges and 800 pens.
In the base year, price of oranges is $1 and pen is $0.75.
This year urban customer buy oranges at $2 each and pens at $1 each.
To find consumer price index (CPI), we need to check price of basket in current year and base year.
∴ Current year´s price for 400 oranges and 800 pens = ![400\times 2= \$ 800\\800\times 1= \$ 800](https://tex.z-dn.net/?f=400%5Ctimes%202%3D%20%5C%24%20800%5C%5C800%5Ctimes%201%3D%20%5C%24%20800)
Now, adding the price to get cost of basket
Cost of basket in current year= ![800+800= \$ 1600](https://tex.z-dn.net/?f=800%2B800%3D%20%5C%24%201600)
Base year´s price for 400 oranges and 800 pens= ![400\times 1= \$ 400\\800\times 0.75= \$ 600](https://tex.z-dn.net/?f=400%5Ctimes%201%3D%20%5C%24%20400%5C%5C800%5Ctimes%200.75%3D%20%5C%24%20600)
Cost of basket in base year= ![400+600 = \$ 1000](https://tex.z-dn.net/?f=400%2B600%20%3D%20%5C%24%201000)
Next, calculating the CPI of this year
Formula; CPI= ![\frac{\textrm{ Cost of basket in current year}}{\textrm{ cost of basket in the base year}} \times 100](https://tex.z-dn.net/?f=%5Cfrac%7B%5Ctextrm%7B%20Cost%20of%20basket%20in%20current%20year%7D%7D%7B%5Ctextrm%7B%20cost%20of%20basket%20in%20the%20base%20year%7D%7D%20%5Ctimes%20100)
CPI for the year = ![\frac{1600}{1000} \times 100 = 160](https://tex.z-dn.net/?f=%5Cfrac%7B1600%7D%7B1000%7D%20%5Ctimes%20100%20%3D%20160)
∴ Consumer price index (CPI) = 160.
Answer: partnership, corporation and limited liability partnership