Kelsey Lott
Macroeconomics
Econ 4610 Problem Set Answers
1. Use the model of supply and demand to explain how a fall in the price of frozen
yogurt would affect the price of ice cream and the quantity of ice cream sold. In your
explanation, identify the ex
Japan GDP Shrinks at Fastest Pace in
More Than Five Years
Economy Sees Bigger Setback from Sales-Tax
Increase Than Earlier Reported
Email
Print
15 Comments
Facebook
Twitter
Google+
LinkedIn
smaller
Larger
By
MITSURU OBE
CONNECT
Updated Sept. 8, 201
Submission View
n1
2 / 2 points
In a simple circular-flow diagram, total income and total expenditure are
never equal because total income always exceeds total expenditure.
equal only when one dollar is spent on goods for every dollar that is spent on
ser
Submission View
n1
2 / 2 points
Which of the following is correct?
The GDP deflator is better than the CPI at reflecting the goods and services bought
by consumers.
The GDP deflator and the CPI are equally good at reflecting the goods and services
bought
Cash
AR
Assets
Allowance Inventory
Prepaid
$
$
January 1, 2010
Sold $200,000 in stock
Paid $12,000 for 1 year of rent
Received $24,000 for services to be delivered
over the coming 12 months
Purchased equipment - $30,000, 2% discount,
FOB shipping of $600
Guidance for Portfolio Entry One, Instructional Software
By class time, you are expected to post a two-paragraph portfolio entry explaining what you
learned about instructional software and attach a completed lesson idea describing how you
would use an in
Guidance for Portfolio Entry One, Instructional Software
By class time, you are expected to post a two-paragraph portfolio entry explaining what you
learned about instructional software and attach a completed lesson idea describing how you
would use an
PRINCIPLES OF
MACROECONOMICS
The National Accounting System
The National Accounting System
What you need to learn
Why
do we need a national accounting system?
The idea that economic activity is a circular flow
Understanding the concept of Gross Domesti
Principles of Macroeconomics
Problem Set 2
Questions 1-5 refer to Figure 1. Emanuel has four hours to produce food. He can prepare
Burritos and/or Tacos. Below you see his production function for Burritos and Tacos.
Figure 1
1. Which PPF belongs to Emanue
PRINCIPLES OF
MACROECONOMICS
How Markets Work (But: "In the Long Run We Are All
Dead")
How Markets Work
What you need to learn
Production
possibility frontier
Production efficiency
Allocation efficiency
Demand
Supply
Market Equilibrium
Welfare Anal
Principles of Macroeconomics
Problem Set 3
1. National income accounting:
a. Provides a set of rules for determining macroeconomic policy.
b. Provides a set of rules and definitions for measuring economic activity in the
aggregate economy.
c. Is a useful
Does Education Increase
Productivity Growth?
By: Brianna Gill
Section 05
Table of Contents
Page 3: Education Results in Having a better
Work Force
Page 4: Training Workers
Page 5:Ways to Increase Productivity Without
Education
Page 6: Graph
Page 7: C
19.
What is the product market? the market in which households purchase the
goods and services that firms produce.
20.
What is the factor/resource market? the market in which firms purchase
the factors and resources of production from households.
21.
What
QUIZ 6 CONCEPTS
1. Standard normal probability distribution: which one of the following statements is FALSE?
a. Almost 100% of the data fall between z = -3 and z=+3
b. The mean = 1
c. The variable z replaces x
d. The standard deviation is one
2. Which of
1
Ch. 12 Decision Analysis
The term decision analysis generally refers to methods of evaluating decision alternatives whose
outcomes (such as profits or costs we will call payoffs) cannot be anticipated with certainty but depend
on which of multiple possi
Chapter 13 Quiz
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1. Economists normally assume that the goal of a firm is to
a. maximize its total revenue.
b. maximize its profit.
c. minimize its explicit co
Ch 10 Quiz Mankiw
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1. In a market economy, government intervention
a. will always improve market outcomes.
b. will never improve market outcomes.
c. reduces ef
Chapter 20 Quiz
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1. The income distribution in the United States shows that the income share of the top fifth of all families is
a. over 50 percent.
b. around
ECON 2100 Quiz Ch 4 Mankiw
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1. The forces that make market economies work are
a. work and leisure.
b. demand and supply.
c. regulation and restraint.
d. taxes
Ch 11 Quiz Mankiw
Multiple Choice
Identify the choice that best completes the statement or answers the question.
_
1. For private goods with no externalities that are allocated in competitive markets,
a. prices guide the decisions of buyers and sellers an
A sample of 14 days show daily cargo volumes processed at the airport of Atlanta.
Another sample of 16 from the airport of Chicago show daily cargo volumes processed at
ObservatioAtlanta [to Chicago [ton th]
1
14
32
2
35
32
3
19
8
4
35
27
5
11
5
6
10
14
7
Ch 7 Sampling Distributions
7.1 Random Sampling
7.1 Random Sampling
Random sampling is one type of probability
sampling. Characteristics:
The probability that one element is randomly selected
is 1/N
Each element in the population has the same chances
of
4 pts
Instructions: The following population contains 54
records. Select a random sample of 10 companies using
the Excel method learned in class and paste your sample
(companies and rates) at the bottom of this spreadsheet
Company
McDonnell Douglas
NCR
Ho
Chapter 7
Sampling and Sampling Distributions
7.1 Random Sampling
If we select n elements from a population in such a way that every set of n elements in the population has the
same chance of being selected, then the n elements we select are said to be a
' m McGravvHillConnect|Qu. x -
inhiconnecblrez'ta ssignrnenprwiewAssignmenthtmh ssignmentld:
ron o em. sure 0 Is e expenses on e
Be sure to list the assets and liabilities in order q
to enter 0 wherever required. Omit the "5" sign
Baker Co.
Flllcid Stdeme
Ch 3: Descriptive Statistics
3.1 Measures of Location
3.1 Measures of Location
Mean
Sample Mean: X =
Where:
x
i
x
i
n
= x1 + x 2 + . + x n
n = sample size; number of elements
(observations) in a sample
Population Mean: =
x
Where:
x
i
i
N
= x1 + x 2 + . +
Chapter 5
Discrete Random Variables
5.1 Two Types of Random Variables
Consider the experiment of selling a type of radio at Sound City store during a particular week. If we let x
denote the number of radios sold during the week, then x is a random variabl