Suppose you work as an economic analyst in a large research organisation. Monitoring and interpreting macroeconomic data are a routine part of your job. Suppose you are asked to analyse the trends in GDP in several developed and developing countries.

a) Collect and present (in a line-graph format) the annual data for GDP per capita (in constant U.S. dollar) for the USA, Australia, Japan, Singapore, South Korea, China, and India for the 1960- 2019 period. Use a graphing tool in Excel or a similar application to create GDP per capita line graphs for all countries in one chart.

N.B. Your chart should display a descriptive title, axis labels, a key and a brief data source below the chart. (e.g. source: World Bank, 2020 and/or OECD, 2020). A good source of reliable international data is the Data Bank of the World Bank: https://databank.worldbank.org/source/world-development-indicators#.

b) Collect data (from the same source as above) for GDP per capita growth for all the seven countries for 1961-2019. Use these data to compute the average growth rate of GDP per capita for each country. Report average growth rates of GDP per capita for seven countries in a table. Please don’t report growth rates for all the years; we just need the average growth rates over 1961 to 2019 for each country.

c) Based on your answers to (a) and (b), what similarities and differences do you observe in these seven countries? Is there any catch-up effect?

d) India’s GDP per capita remained lower compared to the other six countries. Discuss three reasons why India’s growth rate and GDP per capita might have remained relatively low. Cite appropriate references if you use any data/information to support your answer.

Given,An insurance company sells a 1-year term life insurance policy to an 83-year-old woman. The woman pays a premium of $4000. If she dies within 1 year, the company will pay $90,000 to her beneficiary. Let X be the profit made by the insurance company.

The profit made by the insurance company X is equal to the difference between the premium collected and the payout made.Profit (X) = Payout - Premium collectedNow, we need to find the probability distribution of profit made by the insurance company in one year, which is a random variable, given that the probability that an 83-year-old woman will be alive after one year is 0.9561.Let us calculate the probability of the woman's death in one year.

The probability of the woman's death in one year is given by:P(death in one year) = 1 - P(survival in one year)= 1 - 0.9561= 0.0439Using the probability of the woman's death, we can construct the following probability distribution table for profit: Where, if the woman dies, the profit of the insurance company will be $86,000. And if the woman survives, the profit of the insurance company will be -$4000.Profit X Probability$86,000 0.0439-$4,000 0.9561Thus, the probability distribution of profit made by the insurance company is as follows:Probability distribution of profit:Profit X Probability$86,000 0.0439-$4,000 0.9561Therefore, the probability distribution is:Profit X Probability$86,000 0.0439-$4,000 0.9561

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Loans, grants, and work-study are the three categories of federal financial aid.

Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.

Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.

Some college finance methods are:

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The correct answer is B. Federal minimum wage. The Federal Work-Study program requires that students be paid at least the federal minimum wage, which is currently $7.25 per hour.

Some states have a higher minimum wage rate, so if the state's minimum wage is higher than the federal minimum wage, then the student would need to be paid at the higher state rate.

When there are conflicting minimum wage rates, employers are required to pay the higher rate. It is important to note that some types of workers, such as tipped employees and workers with disabilities, may have a different minimum wage rate under certain circumstances.

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Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900

Answer:

difficulty landing a new job

the loss of a job

loss of money

increase in debt

Answer:    an increase in debt

                  a loss of money

                 difficulty landing a new job

Explanation: did it

Answer:

GDP stands for gross domestic product and includes the market value of all the finished and legal goods and services produced within a country during one year. While the GNP refers to gross national product and it measures the total market value of all the finished and legal goods produced by the citizens (including individuals and businesses) of a country.

Generally in developing countries, like South Africa, there are a lot of foreign multinational corporations that operate there. Their operations are included in the GDP, but since they are American, European or Asian multinational corporations, their operations are included in the GNP of their respective countries, not South African GNP.

Answer:

uncomfortable environment

Explanation:

Adverse working conditions create challenges for employees as they execute their mandate. These conditions may result from extreme weather, either very hot such, extremely cold, floods, snow, or windy. Adverse conditions could also refer to security concerns in place of work.

Political unrest, high crime rate, and civil wars create adverse conditions. The nature of work can also make working a challenge.  Miners working many feet underground or soldiers on a battlefield are examples of challenges due to work.

Answer:

C) uncomfortable environment

Explanation:

Expected utility of the employer The expected utility of the employer can be calculated as the sum of the utilities in the high-output state (Q₁1) and the low-output state (Q₂), weighted by their respective probabilities:

EU(W₁, W₂, E) = F(E) * U(Q₁1 - W₁) + (1 - F(E)) * U(Q₂ - W₂)

Expected utility of the worker:

The expected utility of the worker can be calculated as the sum of the utilities from the salary received and the dis-utility of effort:

EU(W₁, W₂, E) = U(W₁) - kE

First-order conditions for the optimal contract:To find the optimal contract, we need to maximize the expected utility of the employer with respect to W₁, W₂, and E. Taking partial derivatives with respect to these variables and setting them equal to zero will give us the first-order conditions.

∂EU(W₁, W₂, E) / ∂W₁ = -F(E) * U'(Q₁1 - W₁) = 0

∂EU(W₁, W₂, E) / ∂W₂ = -(1 - F(E)) * U'(Q₂ - W₂) = 0

∂EU(W₁, W₂, E) / ∂E = -F'(E) * U(Q₁1 - W₁) - (1 - F'(E)) * U(Q₂ - W₂) + k = 0

Solving these equations simultaneously will give us the optimal values for W₁, W₂, and E.

(c) Optimal effort level with unobservable effort:

When the effort E is observed only by the worker, the employer cannot directly optimize the effort level. However, the worker can choose the effort level that maximizes her own expected utility.

To find the optimal effort level, we need to maximize the expected utility of the worker with respect to E. Taking the derivative with respect to E and setting it equal to zero will give us the first-order condition.

∂EU(W₁, W₂, E) / ∂E = -F'(E) * U(Q₁1 - W₁) - (1 - F'(E)) * U(Q₂ - W₂) + k = 0

Solving this equation will give us the optimal effort level E*.

(d) Comparison between the first-best and second-best contracts:

The first-best contract refers to the optimal contract under symmetric information, where the employer can observe and verify the worker's effort level. In this case, the employer can directly optimize the effort level and design the contract that maximizes the joint expected utility of both the employer and the worker.

The second-best contract refers to the optimal contract when the effort level is unobservable. In this case, the worker determines the effort level that maximizes her own expected utility, considering the employer's expected utility as well.

The main difference between the first-best and second-best contracts is the optimization authority. In the first-best contract, the employer has the authority to optimize the effort level, while in the second-best contract, the worker determines the effort level.

Furthermore, in the second-best contract, the worker's effort level is determined by the condition F'(E*) (W₁ - W₂) = k. This condition reflects the trade-off between the incentives provided by the salary difference (W₁ - W₂) and the dis-utility of effort (k). The worker optimizes her utility by balancing the benefits of a higher salary with the costs of exerting effort.

Overall, the second-best contract results in a suboptimal effort level compared to the first-best contract.

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Etiquette manners during a dinner: Passing Napkins: When a fellow diner needs a napkin, politely offer it by picking it up by the corner and passing it to them.

Avoid shaking or unfolding the napkin, as it should be left to the person receiving it to do so. Passing Salt during a Meal: If someone at the table asks for the salt, pass it to them along with the pepper if it is available. Place it within their reach without making direct contact with their plate or utensils. Do not season your own food before passing the salt. After a Meal: Once you have finished your meal, place your napkin loosely folded to the left side of your plate. This indicates that you are done eating. Avoid crumpling or stuffing the napkin into your plate, as it may appear untidy. Eating Steak: When eating steak, it is customary to use a steak knife, which is typically provided alongside the meal. Cut the steak into bite-sized pieces, and avoid holding the knife and fork like a pencil. Instead, grip the knife firmly in your dominant hand and use your fork to hold the steak in place while cutting.

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Answer:

Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69

Explanation:

Per hour amount paid to Matt = $6.75

Total number of hours worked by Matt = 20.25

To find Gross pay, multiply hours worked and hourly rate of pay.

Therefore,

Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours \(=20.25(6.75)=\$136.6875\) ≈ $136.69

The list where several determinants of short-run aggregate supply are Change Needed to Decrease AS, Input Prices - increase, Tax Rates - increase, Burdensome Regulations - increase.

1. Increase- Increase in inflationary expectations decreases AS.

2. Decrease - A decrease in human capital decreases AS.

3. Decrease - Decrease in technology decreases AS.

Because some nominal input prices are fixed and as output rises, more manufacturing processes encounter bottlenecks, and the aggregate supply curve in the short run slopes upward. When low demand, supply can be expanded without experiencing diminishing returns, and average prices do not go up.

Suppose all other factors of production remain fixed. In that case, an increase in the price of natural resources or any other component in output raises production costs and decreases short-term aggregate supply.

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Your question is incomplete, the complete question is:

The following graph shows a decrease in short-run aggregate supply (AS) in a hypothetical economy where the currency is the dollar. Specifically, the short-run aggregate supply curve shifts to the left from AS1 to AS2, causing the quantity of output supplied at a price level of 100 to fall from $200 billion to $150 billion.

For the graph and table refer to the image attached with a question.

In a gross lease, the tenant only has to make one flat monthly payment to use the space. All costs associated with the property and its use, such as taxes, insurance, utilities, and frequently maintenance, are agreed to be covered by the landlord.

Gross rent is the total amount paid for the rental before other charges, including utility or maintenance expenditures, are deducted.

For commercial properties, including office buildings and retail locations, gross leases are frequently used. The two categories of gross leases are modified leases and fully serviced leases. Net leases, in contrast to gross leases, call for the tenant to cover one or more of the property's costs.

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In order to balance generalizations about a culture while still honoring individual differences within that culture, one approach is to recognize that cultural norms and values can be influential but do not define every individual within that culture.

It is important to acknowledge that people are complex and have unique experiences and perspectives, even within the same cultural group.Therefore, while it may be useful to learn about cultural generalizations as a starting point for understanding a group of people, it is also important to approach each individual with an open mind and without preconceived notions based on cultural stereotypes.

Regarding the preferred communication style, it is not directly related to the question of balancing generalizations about a culture. The four letters refer to the cognitive functions in the Myers-Briggs Type Indicator (MBTI), which are used to assess personality type and can influence communication style. However, it is not necessary to include this information in the answer as it is not relevant to the question being asked.

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It was similar: to the First Triumvirate in that both were informal alliances formed to consolidate power and achieve political goals.

The Second Triumvirate was a political alliance formed in 43 BCE among three prominent Roman leaders: Octavian (later known as Augustus), Mark Antony, and Marcus Aemilius Lepidus. It was similar to the First Triumvirate in that both were informal alliances formed to consolidate power and achieve political goals.

However, the Second Triumvirate was different in that it was legally established by the Lex Titia and had a more formal structure.

The Second Triumvirate arose due to the power vacuum left after the assassination of Julius Caesar in 44 BCE. The three members sought to stabilize the Roman Republic and eliminate their mutual enemies.

New groups and classes that might have played a role in the conflict include the Roman Senate and the plebeian class, both of which had differing interests and opinions on the triumvirs' actions.

In summary, the Second Triumvirate was an alliance formed between Octavian, Mark Antony, and Lepidus. It shared similarities with the First Triumvirate, such as being a political alliance for mutual gain, but differed in its legal establishment and more formal structure.

The power vacuum after Julius Caesar's assassination enabled the Second Triumvirate's rise, with various groups like the Roman Senate and plebeian class potentially influencing the conflict.

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Answer:

A. A hospital bill

Explanation:

When a court orders a party to pay restitution damages to another party, they do this in order to restore any benefit or possession that the damaged party lost due to the actions of the damaging party.

In this case, restitution would apply to a hospital bill if the injured party's health suffered due to the actions of the other party. The hospital expenses were carried out to heal the injured party.

Answer:

When a court orders a party to pay restitution damages to another party, they do this in order to restore any benefit or possession that the damaged party lost due to the actions of the damaging party.

In this case, restitution would apply to a hospital bill if the injured party's health suffered due to the actions of the other party. The hospital expenses were carried out to heal the injured party. A.hospital bill

False. In the presence of near substitutes, demand is more elastic.

According to the concept of an elastic good, which is one where a change in price results in a significant change in demand, the more alternatives there are for an item, the more elastic the good will be.

The availability of alternatives raises the elastic factor, which basically means that the more alternatives there are, the more possibilities there are, and as a result, the more options there are, the higher the elastic factor.

Demand for a good increases when the price of its substitute increases, hence the cross elasticity of demand for substitute goods is always positive. A negative cross-elasticity characterizes the desire for complementary goods, in contrast.

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To solve this problem, we can use a simple algorithm that iterates through the array and keeps track of the minimum price seen so far and the maximum profit.

The algorithm works as follows: Initialize variables: min_price = A[1], max_profit = 0, buy_day = 1, sell_day = 1. Iterate through the array A from the second element to the last: If A[i] < min_price, update min_price = A[i]. If A[i] - min_price > max_profit, update max_profit = A[i] - min_price, buy_day = index of min_price, sell_day = i. Return the pair (buy_day, sell_day). The time complexity of this algorithm is O(n), where n is the size of the array A. This is because we perform a single pass through the array, comparing and updating values in constant time for each element. Therefore, the algorithm has a linear time complexity.

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Answer:

$12,000

Explanation:

our EBIT (and before bonus also) = $160,000

income threshold = $100,000

bonus = 25% of (EBIT - threshold - bonus itself)

so now, we have to solve the following equation:

bonus = 25% x (EBIT - income threshold - bonus)

bonus = 25% x ($160,000 - $100,000 - bonus)

bonus = $15,000 - 0.25bonus

1.25bonus = $15,000

bonus = $15,000 / 1.25 = $12,000

Answer:

Because the credit industry gains a profit from it's users. Credit is a tool, and if used wisely can be beneficial for many people who don't have enough cash to pay for things. Having "good" credit score means that it's easier for you to receive a loan.

Let understand that Credit score refers the score which tells about a consumer's creditworthiness.

In practice, the higher the credit score of an individual, the higher the rate of repayment of credit gotten.

The Credit scoring is used the lenders to help them decide whether to borrow, extend or deny credit.

Therefore, the credit industry wants one to believe you need credit score because its helps them to ascertain your creditworthiness.

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Answer:

Passion towards work

Explanation:

In simple words, the given paragraph shows that Aaron is passionate and fully dedicated towards his work. He feels proud and secured about his job and do not need monetary incentives to perform well or up to the mark. The paragraph also signifies that Aaron has mastered in his job and is able to perform better than his peers.

Answer:

B. Customer needs, company goals, profits

Explanation:

Answer:

C. business growth rates and share of the market.

Explanation:

Answer:

medium of exchange

Explanation:

Cattle is not an effective form of money. Cattle lacks medium of exchange, which makes it ineffective.

Answer:

Lack of communication can cause minunderstanding and confusion with both parties

Explanation:

Answer:

You should say about $500 for transportation

Explanation:

Value of Firm = $333.33 (rounded) The dividend discount model (DDM) calculates the present value of future dividends. Given a dividend of $10, an interest rate of 5%, and a growth rate of 2%, the value of the firm is determined as $333.33 using the formula: Dividend / (Interest Rate - Growth Rate).

To determine the value of a firm that just paid $10 this year and is expected to grow by 2% per year forever, we can use the dividend discount model (DDM) approach.

The DDM calculates the present value of all future dividends, taking into account the growth rate and the required rate of return (interest rate). The formula for the DDM is as follows:

Value of Firm = Dividend / (Interest Rate - Growth Rate)

In this case, the dividend is $10, the interest rate is 5% per year, and the growth rate is 2% per year. Plugging these values into the formula, we get:

Value of Firm = $10 / (0.05 - 0.02)

Simplifying the expression:

Value of Firm = $10 / 0.03

Value of Firm = $333.33 (rounded to two decimal places)

Therefore, the value of the firm is $333.33.

The DDM approach assumes that the value of a firm is based on the present value of all future dividends. In this case, the firm just paid $10 as the dividend this year. To calculate the present value, we need to discount the dividends by the required rate of return (interest rate) and consider the growth rate.

The difference between the interest rate and the growth rate represents the net return expected by the investor. In this case, the interest rate is 5% per year, and the growth rate is 2% per year. The formula divides the dividend by the net return to calculate the present value of the firm.

By using the formula, we find that the value of the firm is $333.33. This means that, based on the projected dividends and growth rate, and considering the required rate of return, the firm is valued at $333.33.

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Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.

An independent variable is a factor or condition that is manipulated or controlled by the researcher in an experiment to observe its effect on the dependent variable.

An independent variable is a variable that is intentionally changed or manipulated by the researcher in an experiment. It is the factor or condition that is believed to have an effect on the dependent variable. The independent variable is controlled and varied by the researcher to observe how it influences or impacts the dependent variable.

In experimental research, the independent variable is purposely manipulated to determine if it causes a change in the dependent variable. The dependent variable, on the other hand, is the outcome or response that is measured or observed in response to the changes in the independent variable. By altering the independent variable and measuring its impact on the dependent variable, researchers can analyze the cause-and-effect relationship between the two variables.

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