Economic growth is a very important topic. to the extent that gdp measures the well-being of people in an economy, increases in gdp should translate into increases in standard of living.

a. what measure of gdp is most closely related to the economic well-being of the people in an economy?

b. if y = c + i + g + (x - m), is it necessarily true that decreased consumption and increased saving by households will result in lower gdp in the short run?

c. the production possibilities frontier shows output combinations at which an economy can produce given its current resources. on a ppf graph, show the long-term effect of increased household saving, and explain the effect in words.

d. on a production possibilities frontier, the two goods may be classified as "consumption" and "investment" goods. how will the shift in the ppf from this year to, say, five years from now differ if we choose a point with high consumption as opposed to choosing a point with high investment? or a point with high investment goods? explain in words and with graphs.

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric

You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.