Answer:
A) $24 billion
Explanation:
Here is the complete question :
Potential Real GDP $200 Billion
Natural Rate of Unemployment- 6 Percent
Actual Rate of Unemployment- 12 Percent
Refer to the accompanying data, which is for a specific year in a hypothetical economy for which Okun's law is applicable. The amount of output being forgone by the economy is
C) $15 billion. D) $18 billion. A) $12 billion. B) $24 billion.
According to Okun's law, a 1% decline in unemployment results in a 2% fall in potential GDP
Decline in unemployment = Actual Rate of Unemployment - Natural Rate of Unemployment
12 - 6 = 6%
decline in output = 6% x 2% = 12%
potential GDP lost = 12% x $200 Billion = 24 billion
Answer: Government policies that heavily tax some activities while subsidizing others and that fix or control interest rates will result in lower productivity of investment.
Explanation: Lowering productivity of investment will cause the economy to not do as well due to the small level of investments happening. When the government heavily taxes different things, it lowers the amount of people purchasing those items due to the high rates.
Answer:
C
Explanation:
Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.
Answer: 2.75 blankets.
Explanation:
The opportunity cost is the value of a good that is sacrificed by choosing some other alternative. So, there are certain costs associated with the consumption of some goods.
In our case,
Opportunity cost of producing 1 shirt = 
= 2.75 blankets
Opportunity cost of producing 1 shirt is 2.75 blankets which means that 2.75 blankets have to be foregone to produce 1 shirt.
Answer: Tina doesn't have a standing
Explanation:
From the information given in the question, we are told that Consumer Goods Corporation sells products that are poorly made.
We are further told that Tina, who has never bought a product from Consumer Goods, files a suit against the firm alleging that its products are defective.
The firm could ask for dismissal of the suit on the basis that Tina doesn't have a standing. This is because Tina has never bought their goods before and therefore shouldn't be alleging that the product of the company is bad. Assuming Tina has bought their products before, then it'll have been harder for the firm to ask for dismissal.
