Answer:
Macroeconomics is a very relevant subfield of economics because it studies economic matters at the aggregate level, that means things such as inflation, unemployment, economic growth, investment, saving, and many other economic phenomena that are very relevant for all countries, all governments, and essentially everybody around the world.
Macroeconomics is a contested field, with some points in agreement, but many others in dispute among economists. For this reason, the policy recommendations that are based on macroeconomic criteria are often very different, and frequently clash into political conflict.
Economic policy decisions never produce exactly the expected result, but they often give a satisfactory result (not always). For example, the monetary policy based on the principles of monetarism did manage to bring down inflation substantially ever since it began to be applied in the late 1970s.
A specific task will likely raise more tax revenue if the
demand curve is inelastic in which the demand is likely to be insensitive in
regards to change and by that, the tax incidence will likely result of being
lowered. The correct answer is letter e.
Answer: The answer is as follows:
Explanation:
Given that,
Output in 1984 = 7,000 buckets of chicken
Price in 1984 = $10
Output in 2005 = 22,000
Price in 2005 = $16
(1) GDP price index for 1984, using 2005 as the base year:
= 
= 
= 62.5
(2) Price level, as measured by this index, rise between 1984 and 2005:
Percentage change in the price level = 
= 
= 60%
(3) Real GDP for t year = Base price × Quantity in t year
Real GDP in 1984 = Quantity in 1984 × Price in 2005
= 7,000 × 16
= $ 112,000
Real GDP in 2005 = Quantity in 2005 × Price in 2005
= 22,000 × 16
= $ 352,000
<span>David's mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?
</span>
Life Insurance
