Hate math 68. In an open economy, MPC = 0.6, MPm = 0.2. This implies that: A) MPS in the open economy is lower than in the closed economy. B) MPS = 0.4 only if the economy were closed. C) in the open economy, if GDP increases by 200 spending on consumption = 120. D) in the open economy, if GDP increases by 200
Explain the meaning of 'market segmentation'. Please cite 2 examples.
A. Find the equlibrium level of GDP b. How much is saves? Is savings equal to investment? c. Now suppose that an export-promotion drive succeeds in raising net exports to $100. Answer (a) and (b) under these new circumstances.
A monopolist produces two different goods. The (inverse) demand for each good is given as: p_1 = theta - (alpha)q_1 + (beta)q_2 p_2 = theta + (alpha)q_1 - (beta)q_2 The monopolist produces both of these goods at a constant unit cost (c > 0) and maximizes the profit function below by setting the output of each good. (p
Using the expenditure approach calculate GDP from the following data: - personal consumption expenditures $1556 - net exports $132 - gross private domestic investment $162 - government purchases of goods and services $450 - personal income $1700 - corporate profits $600
Suppose the Fed's Beige Book reported that "in South Florida, bookings for the summer tourist season were off to a slower start than last year" and that "tourist counts and revenues were down in Hawaii and Las Vegas and at destinations such as golf schools and luxury resorts in the inter-mountain states and along the West Coast.