Question 12.5 pts A higher price for batteries would result in a(n) Flag this Qu

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Question 12.5 pts

A higher price for batteries would result in a(n)

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Question 22.5 pts

If a good is inferior, then an increase in income will result in

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Question 32.5 pts

A decrease in supply is represented by a

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Question 42.5 pts

An increase in the price of oranges would lead to

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Question 52.5 pts

Suppose the incomes of buyers in a market for a particular normal good decrease and there is also a reduction in input prices. What would we expect to occur in this market?

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Question 62.5 pts

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Question 72.5 pts

Figure 6-3

Panel (a)

Panel (b)

Refer to Figure 6-3. In panel (b), there will be

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Question 82.5 pts

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Question 92.5 pts

Table 23-1

The table below contains data for Bahkan for the year 2010.

Refer to Table 23-1. Disposable personal income for Bahkan in 2010 is

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Question 102.5 pts

Table 23-1

The table below contains data for Bahkan for the year 2010.

Refer to Table 23-1. Gross national product for Bahkan in 2010 is

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Question 112.5 pts

In the economy of Ukzten in 2010, consumption was $4000, exports were $800, GDP was $9500, imports were $200, and investment was $1000. What were Ukzten’s government purchases in 2010?

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Question 122.5 pts

In the economy of Ukzten in 2010, consumption was $1000, exports were $100, government purchases were $450, imports were $150, and investment was $350. What was Ukzten’s GDP in 2010?

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Question 132.5 pts

If in some year nominal GDP was $28 trillion and real GDP was $32 trillion, what was the GDP deflator ?

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Question 142.5 pts

If in some year real GDP was $25 billion and the GDP deflator was 68, what was nominal GDP?

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Question 152.5 pts

GDP is not a perfect measure of well-being; for example,

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Question 162.5 pts

The price index was 120 in 2006 and 127.2 in 2007. What was the inflation rate?

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Question 172.5 pts

Table 24-1

The table below pertains to Pieway, an economy in which the typical consumer’s basket consists of 10 bushels of peaches and 15 bushels of pecans.

Year

Price of
Peaches

Price of
Pecans

2005

$11 per bushel

$6 per bushel

2006

$9 per bushel

$10 per bushel

Refer to Table 24-1. If 2005 is the base year, then the CPI for 2005 was

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Question 182.5 pts

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri's 2001 salary in 2006 dollars is

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Question 192.5 pts

If the nominal interest rate is 4 percent and the real interest rate is -2.5 percent, then the inflation rate is

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Question 202.5 pts

Last year real GDP in the imaginary nation of Populia was 907.5 billion and the population was 3.3 million. The year before real GDP was 750 billion and the population was 3 million. What was the growth rate of real GDP per person during the year?

increase in the demand for flashlights. PrICe 50 45 40 35 25 15 10 100 200 300 400 500 600 700 800 900 4anztj

Explanation / Answer

Solution -

Q1. A higher price for batteries would result in a(n) decrease in the demand for batteries.

Reason - when price go high demand goes its an a low of demand and supply

Q.2 If a good is inferior, then an increase in income will result in Decrease in the demand for that good

Option B Decrease in the demand for that good is Correct Answer.

Reason -  If there is a good deficiency, the income will increase due to the increase in income

Q 3 A decrease in supply is represented by leftward shift of a supply curve.

Option D  leftward shift of a supply curve. is correct Answer.

Reason - Image results are shown to show the drop in supply
Reduced supply. In contrast, the decrease in supply is indicated by the figures above. Due to supply, either the supply curve can be considered on the left side or the upper shift shift in supply

Q 4 An increase in the price of oranges would lead to

a movement up and to the right along the supply curve for oranges.

Option D. a movement up and to the right along the supply curve for oranges. is correct option

NOTE - AS PER CHEGG POLICY WE CAN SOLVE TOP 4 QUESTION POST SEPRATELY THANK YOU .

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