1. Suppose, in a two-sector model, that individuals receive the following payments from the business sector: wages $520, interest $30 rent $ 10 and profits $80. Consumption spending is $550 and investment is $90.
a. Find the market value of output and household saving
b. What is the relationship of saving and investment?
... GDP price deflator and real production is measured by real ... adjust completely to changes in prices, therefore, neither profit nor output will increase. ...
... 4. The marginal product of labor (measured in units of output... firm is MPN = A(100- N), where A measures productivity and ... The price of output is $2.00 per unit. ...
... c ) "Capacity utilization is a measure of how intensive1y ... in the markets in which they sell their output: ...price deflator, and real production, measured by real ...
... at each level of labor input if output sells for ... How can we measure the opportunity cost of leisure? ... c. Assume that the price of a substitute resource decreases ...
... would just result in increasing the prices (inflation), rather to increases the output. ... demand through deflationary fiscal or monetary policy measures. ...
... as a situation in which quantity demanded equals quantity supplied at a unique price level. ... 9. Labor productivity is measured by. total output/total employment. ...
... 1) (measuring labor productivity) How do we measure labor ... How do you think you might measure the net impact ... 1) Labor productivity is measured by the amount of ...
... Index Producer price index is a weighted index of prices measured at the ... released by Bureau of Labor Statistics that measures the level of output that is ...
... Specify the units in which your answer is measured. ... tax credit effectively reduces the price of capital ... 6. An economy has full-employment output of 9000, and ...
... The Gross Domestic Product measures the value of ... all other countries--transactions that are measured in terms ... You can further measure economic performance by ...
