The table below show some data for Neverland’s labor market:…

The table below show some data for Neverland’s labor market:  Neverland’s employment and unemployment Total adult population over the age of 16 25 million In the labor force x Employed  18.5 million Unemployed 1.5 million Out of the labor force y Find the values for x (in the labor force), and y (out of the labor force), Show your work! Calculate Neverland’s unemployment rate and labor force participation rate. Remember to show your work, if you provide only the final answer, you won’t get full credit!

You learned that convergence is a pattern in which economies…

You learned that convergence is a pattern in which economies with low per capita income grows faster than economies with high per capita incomes. In this context, there are arguments pro and against convergence. Based on the figure below, choose the correct answer for the blanks:    Capital deepening and new technology text only One of the arguments that favors convergence is based on the idea of the diminishing marginal returns of capital deepening that is illustrated when the economy moved from [option1]. However, the argument that convergence is neither inevitable nor likely argues that the development of new technologies can sidestep the diminishing marginal returns of capital deepening, so that the economy could move from [option2], and then from [option3].  Words: 4 Characters: 28

The table below provide data for 2010, 2015, and 2020 in a h…

The table below provide data for 2010, 2015, and 2020 in a hypothetical country: Real GDP and Real GDP per capita Year nominal GDP (in billion) GDP deflator population (in million) real GDP (in billion) real GDP per capita 2010 15,300 90 309 A 55,016.2 2015 18,000 100 321 18,000 56,074.8 2020 20,900 110 330 19,000 D Using the data provided, answer the following: Calculate the values for A (real GDP in 2010) and D (real GDP per capita in 2020) by showing your work.  Which year is the base year? Justify your answer.  Calculate the real GDP per capita growth rate from 2010 to 2020. Show your work! NOTE: This is a file upload question. Work your answer in an excel sheet and upload your file, or simply show your work in a piece of paper, take a picture and upload your file. 

This is a file upload question. Write down your solution in…

This is a file upload question. Write down your solution in a piece of paper, take a picture and upload your file. IMPORTANT: typed solutions will not be accepted!    This is the foreign exchange market of euro. Using the information below, answer the following: Draw the supply x demand graph for euro and indicate the equilibrium exchange rate (in order to get full credit you must label the graph and curves correctly when drawing your graph). Suppose the supply of euro doubles. Draw the new supply curve (in the graph you drew on part (a) and indicate the new equilibrium exchange rate. With this new exchange rate, has the dollar appreciated or depreciated? Justify you answer! With this new exchange rate, what happens to US imports of European goods? Justify your answer!

This is a file upload question. Typed answers on word, PDF,…

This is a file upload question. Typed answers on word, PDF, or any other format won’t be accepted! Work your solution in a piece of paper, take a picture, and upload your file. You may type your solution only if using excel.   The table below gives the data necessary to make a Keynesian cross diagram. Assume that the tax rate is 0.2 of national income, the MPC (marginal propensity to consume) out of after-tax income is 0.9, investment is 210, government spending is 240, exports are 150, and imports are 0.2 of after-tax income.  Aggregate expenditure for each level of national income National Income After-tax Income Consumption I + G + X Minus Imports Aggregate Expenditure $900 708 $1,200 $1,500 $1,800 $2,100 Complete the table by showing your work for at least one row of National Income. If you don’t show your work for all variables for one row of National Income, you won’t get credit, even if your numbers are correct.  What is the equilibrium level of national income for this economy, justify your answer! Note: this is a file upload question. Work your answer in an excel sheet (you can download the table to work on excel) and upload your file, or simply work your answer in a piece of paper, take a picture and upload your file. Typed answers (unless if using the excel sheet) will not be accepted!

This is a file upload question. Typed answers on word, PDF,…

This is a file upload question. Typed answers on word, PDF, or any other format won’t be accepted! Work your solution in a piece of paper, take a picture, and upload your file.   This is an optional extra-credit question. Answer correctly and get up to 5 points to be added to your final exam’s score (if your score is lower than 110 points). Assume that B = 30 and D = 12.  Suppose this market is closed to international trade (no trade). Given the information above: Calculate consumer surplus and producer surplus by showing your work! Suppose that now Wonderland enters the international market for sweaters (with trade), where one t-shirt now costs $15. Calculate the new values of consumer surplus and producer surplus by showing your work! Based on your calculations, who benefit and who lost (consumers or producers) when Wonderland entered the international market? Justify your answer!