Q: Distinguish the final goods or services, intermediate goods or services, and capital goods?
A: Intermediate goods are defined as those goods which are a part of the final good as they have been…
Q: Amit is using his money to buy assets like house , commercial land and machines . Write what is he…
A: Disposable Income: Disposable income is the income that remains after subtracting the taxes and this…
Q: What would be the value of APC if Consumption is $3300 and income is $10,000
A: The data presented in the question above is:- Consumption = $3300 Income = $10,000 We need to…
Q: Give the equation for a linear consumption function?
A: According to the given question Simply we can say that a linear consumption function is an function…
Q: That part of income which is either consumed or saved by all the households in an economy is called…
A: Savings refer to the part of income set aside to use in the future. Consumption spending refers to…
Q: Which of the following goods would be considered part of consumption (C) by the BEA? The purchase of…
A: GDP by expenditure approach = Consumption + Investment + Government spending + Net exports
Q: Final goods and services
A: Final goods and services are those goods which are the end products that means they are finally…
Q: A healthy economy that is working properly is called
A: full work as an economy in which the joblessness rate approaches the nonaccelerating expansion pace…
Q: Your answer: 1 Countries with a high gross domestic product are low consumers of energy. 2…
A: There is direct relationship in energy consumption and gross domestic product.
Q: Calculate consumption if APC is 0.88 and income is $400
A: The information being given is:- Average propensity to Consume = 0.88 Income = $400 Consumption = ?
Q: For each of the following products state if it is a final or intermediate good and explain why? A…
A: Intermediate goods: - Intermediate goods are those goods that are used in the production of other…
Q: What would be the value of income if consumption is $600 and APC is 0.77
A: According to the above mentioned question, the values are:- Consumption expenditure = $600 Average…
Q: Consider the following economy C=1000+0.4(Y-T) 1=500 T=400 G=300 What is the investment of…
A: Equilibrium is the state in which market supply and demand balance each other, and as a result…
Q: A person's wealth is a stock; his income and expenditure are flows. • The number of people getting…
A: Stock is that quantity of economic variable which is measured at a particular point in time. Stock…
Q: What is % of all the Investment in total GDP
A: GDP is measured using the formula = consumption + Investment+ Government expenditure - (Net Exports)…
Q: What does it mean when talking about full income and price when considering the household…
A: The utility-maximizing choice on the initial budget constraint is M. The dashed horizontal and…
Q: Explain how each of the following will affect the consumption and saving schedules (as they relate…
A: Consumption Schedule The consumption schedule implies the relationship between current disposable…
Q: Investment (I) includes: O the amount spent on new factories and machinery. the amount spent on…
A: Investment can be defined as any asset acquired or money committed for the purpose of earning future…
Q: The value of MPC is 0.76 Calculate the value of MPS
A: We are given that:- Marginal propensity to consume = 0.76 Also we know that the sum of MPS and MPC…
Q: consumption per worker is increasing.
A: In the Solow growth model, steady state level is achieved when the investment and the depreciation…
Q: The change in consumption is $300 and change in income is $1000 Find the value of MPC
A: The marginal propensity to consume (MPC) measures the proportion of a unit of the consumer's income…
Q: In what ways does franchising contribute to an overall economy?
A: Franchising is a process of marketing and distributing products where the owner of the business that…
Q: Is the purchase of equipment or machinery a part of consumption or investment? Why?
A: The concept of allocation of money with having an expectation in the future of a positive return or…
Q: Which of the following are final goods or services,and which are intermediate goods or services?a.A…
A: Final goods and services are those goods and services that end up in the hands of the consumers as…
Q: An automobile manufacturer uses labor, capital, and a variety of intermediate goods in the…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…
Q: Which of the following is true of saving and investment? a.Saving and investment can never be…
A: a.Saving and investment can never be undertaken together by the same person. This statement is…
Q: Which of the following are final goods or services, and which are intermediate goods or services? a.…
A: There are two types of goods and services: Final (finished) goods or services and Intermediate…
Q: How to classify goods as consumption goods and capital goods? Is there any specific way to do so?
A: If the good is capable of satisfying the human wants directly then it is referred to be as…
Q: If U.S. government statistics counted education spending as part of the investment, which of the…
A: GDP is the value of all the goods and services produced in the economy in a specific period of time,…
Q: explain the difference between intermediate goods and final goods and give an example of each.
A: Definition: Final goods are those goods that are consumed directly. Intermediate goods are those…
Q: Barcode technology spurred a lot of investment in retailing.How did it alter the retailing…
A: Answer - Need to find - Affect on he retailing production function and would a similar amount of…
Q: What are the major discrepancies that exist between the manufacturing activity and the consumption…
A: Lets understand the coordination between the manufacturing activity and consumption activity with a…
Q: it is possible for any economy to be based entirely on services
A: A service economy is an economic system that is characterized by the dominance service sector…
Q: That part of income which is either consumed or saved by all the households in an economy is called
A: Given data: That part of income which is either consumed or saved by all the households in an…
Q: If consumption expenditure is $3100 and savings is $1800 Calculate income
A: According to the above mentioned question, we have:- Consumption expenditure = $3100 Savings = $1800…
Q: Consumption Function) How would an increase in each of the following affect the consumption…
A: The consumption function refers to the standard equation of consumption that indicates the…
Q: Which of the following would be counted as gross private domestic investment and why? (a) General…
A: a. The Gross Private Domestic Investment is the measure of the physical investment made by the…
Q: Which of the following is NOT accounted in the expenditure approach? a. Food b. Furniture c. Used…
A: GDP is the value of all final goods and services produced in an economy over a period of time. There…
Q: What is the value of total gross investment?
A: Total investment is an important component in the calculation of gross domestic product. Total gross…
Q: oods and Services are exchanged and used As Final Consumption For Investment As Inputs in the…
A: Answer is given below
Q: Please explain three perspectives related to the consumption.
A: Consumption: Consumption of a commodity is a basic act that is being carried out by all of us…
Q: If the MPC is .75 and disposable income is $100, then
A: Marginal Propensity to Consume ( MPC) refers to the increment in one's consumption expenditure when…
Is the purchase of equipment or machinery a part of consumption or investment?
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- In 2004, Safari Corporation’s total sales reached $1.2 million. By 2010, sales had climbed to $4.25 million. What is the growth in sales for Safari Corporation per year?What is meant by the term cost of living? Define and explain it.What would be the value of income if consumption is $600 and APC is 0.77
- A library has a bookshelf to store books on that is 5 meters long. A children's book will take up 5 centimeters, and a dictionary will take up 10 centimeters.What changes has the supply and demand of micro chip seen recently and expected for the future? How are microchips important for the future of the American economy and global economy?Calculate the value of sales if value of output is $640 million and change in stock is $80 million
