APANPS5300_D01_2021_1 - RESEARCH DESIGN Assignments Homework 5: Work and Life Balance 代写数据作业 For this assignment, we will be working to understand the impact of different working m...View details
中级宏观经济理论代写 1. An economy has two firms. Households own all of the labor services and all of the capital, which they rent out to the firms.
An economy has two firms. Households own all of the labor services and all of the capital, which they rent out to the firms. Firm A produces sugar using labor services worth $10 and capital services worth $20. It sells $15 worth of sugar to households and $15 of sugar to firm B; a bakery. The bakery produces cakes worth $60 that it sells directly to households. Households earn $30 in wages from firm A and combined.
(a) What is the value of GDP in this economy?
(b) What is the value added by firm A?
(c) What is the value added by firm B?
(d) How much does the household earn in profit from firms A and B combined?
(e) What is the total value of intermediate goods produced in this economy?
The following data shows the balance sheet of the average resident of Econoland in 1999 and 2000, where capital is measured in 1999 dollars. Assume that the only way of storing wealth in Econoland is to accumulate capital.
(a) Fill in the values of net worth in 1999 and 2000.
(b) What was the net investment in 1999?
(c) Assuming that capital depreciates at a rate of 10%, what was the gross investment in 1999?
GDP of a closed economy in 1999 was equal to $20,200, depreciation was $2,900 and total gross investment (public and private) was $3,800 (all in per capita magnitudes). What was the value of
(a) total (public plus private) consumption?
(b) net investment?
(c) Net Domestic Product?