Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to “Calculate,” you must show how you arrived at your final answer.

The table below provides data on the spending on final goods, in billions of dollars, by consumers, businesses, and the government in equilibrium in a country with no international trade.

The marginal propensity to save is equal to 0.40 and there are no exports or imports.

(a) Calculate the real GDP in this country. Show your work.

(b) Calculate the marginal propensity to consume. Show your work.

(c) Suppose that the government increases spending from $200 billion to $300 billion.

(i) Calculate the maximum change in real GDP. Show your work.

(ii) Given the change in real GDP in part (c)(i), calculate the maximum level of the new equilibrium real GDP. Show your work.

(d) Suppose that taxes decrease by $100 billion. Will the maximum change in real GDP be larger than, smaller than, or equal to the change in real GDP identified in part (c)(i) ? Explain.

Address and answer all of the following question, you should assume the Federal Reserve is going to raise interest rates in 2018

1.         Where is the US economy in the Business Cycle? (expansion? recession? early? late?)

2.         What is the current inflation rate? (Cite your source)

3.         What is the current U3 unemployment rate? (Cite your source)

4.         Should US fiscal policy be expansionary or contractionary at this time? Why?

5. What are your recommendations for real government spending (increase, decrease, or keep relatively unchanged)? Why?

6. What are your recommendations for taxes (increase, decrease, or keep relatively unchanged)? Why?

7. Are your tax and spending policies consistent with your policy recommendation in Question 4? Explain.

8. At a less macro level, name three specific categories of government spending (G) that you think should be changed, consistent with your recommendation in Question 4. Do not include transfer payments, only categories of government purchases of goods or services.

     a.     For each category of spending, explain whether the spending should be increased or decreased

     b.    Explain why each has been chosen.

9. At a less macro level, name a specific change in the tax policy and explain why it should be enacted to help accomplish the policy recommendation in Question 4.

A financial planner tracks the number of new customers added each quarter for a 6 year period. The data is presented below:

Year               Quarter                      New                Year               Quarter          New

2014               I                                   31                    2017               I                       69

                        II                                  24                                            II                      54

                        III                                 23                                            III                     46

                        IV                                16                                            IV                    32

2015               I                                   42                    2018               I                       82

                        II                                  35                                            II                      66

                        III                                 30                                            III                     51

                        IV                                23                                            IV                    38

2016               I                                   53                    2019               I                       91

                        II                                  45                                            II                      72

                        III                                 39                                            III                     59

                        IV                                27                                            IV                    41

Create a simple linear trend regression model. Let t=0 in 2013: IV. This is a computer deliverable.

(a) Interpret the slope coefficient.

(b) Test to see if the number of new customers is increasing over time. Use alpha = 0.01.

(c) Test to see if the model has explanatory power. Use alpha = 0.05.

(d) Forecast the number of new customers in the first and second quarters of 2020.

Create a multiple regression equation incorporating both a trend (t=0 in 2013: IV) and dummy variables for the quarters. Let the first quarter represent the reference (or base) group. Complete (e) thru (h) using your results. This is a computer deliverable.

(e) Test to see if there is an upward trend in new customers. Use alpha = 0.01.

(f) Test to see if the model has explanatory power. Use alpha = 0.05.

(g) Forecast the number of new customers in the first and second quarters of 2020.

(h) Test for the existence of first order autocorrelation, use alpha = 0.05. The calculated dw = 1.19.

Beasley Company prepared a cash budget by quarters for the upcoming year. Missing data amounts are indicated with question marks or lower case letters; these lower case letters will be referred to in the questions that follow.

Beasley requires a minimum balance of $10,000 to start a quarter.

All data are in thousands.

Beasley Corporation
Cash Budget

a. The collections from customers during the first quarter (item a) are: $50, $60, $57, or $73?

b. The borrowing required during the first quarter to meet the minimum cash balance (item b) is: $0, $7, $10, or $3?

c. The cash disbursed for purchases during the second quarter (item c) is: $55, $9, $13, or $21?

d. The repayment (including interest) of financing during the second quarter (item d) is: $4, $0, $17 or $7?

e. The total disbursements during the third quarter (item f) is: $84, $78, $82, or $59?

f. The cash balance at the beginning of the second quarter (item e) is: $10, $14, $0 or $7?

A survey found that womens heights are normally distributed with mean 62.1 in and standard deviation 2.1 in the survey also found that mens heights are normally distributed with a mean 69.7 and SD 3.8 a) most of the live characters at an amusement park have height requirements with a minimum of 4ft 9in and a maximum of 6ft 4in find the percentage of women meeting the height requirement the percentage of woment who meet the height requirement? (round to two decimal places as needed) b) find the percentage of men meeting the height requirement the percentage of men meeting the height requirement (round to two decimal places as needed ) c) If the height requirements are changed to exclude only the tallest 5% of men and the shortest 5% of women what are the new height requirements the new height requirements are at least ___ in. and at most ___ in. (round to one decimal place as needed)

Consider the ring-flip equilibrium experienced by trans-1,4-difluorocyclohexane. Write the equilibrium such that the least stable chair conformation is the product (this will cause the ΔE to be greater than (or equal to) zero.

T = 298 K
R = 8.315 J/mole-K

ΔE - Enter a number greater than (or equal to) zero     (Tol: ± 0)   
Enter the value of k_eq (solve ΔE = -RTlnk_eq)     (Tol: ± 0.01)   
Estimate % most stable conformer from graph (page 120)     (Tol: ± 3)   
Estimate % least stable conformer from graph (page 120)     (Tol: ± 3)   
Calculate % most stable conformer from k_eq     (Tol: ± 1)   
Calculate % least stable conformer from k_eq     (Tol: ± 1)   

The Australian dollar has depreciated a lot in recent years, leading to increased hope over the impacts of the falling exchange rate on trade-exposed sectors of the economy. Examine the underlying drivers of this falling exchange rate and the implications of various policy options (with recent Reserve bank of Australia data to support your argument) that might be helpful for the economy.

(a) Estimate the terminal speed of a wooden sphere (density 0.790 g/cm3) falling through air, if its radius is 7.50 cm and its drag coefficient is 0.500. (The density of air is 1.20 kg/m3.)

[ ] m/s

(b) From what height would a freely falling object reach this speed in the absence of air resistance?

Which of the following statements are true and which are false?

1. Evaporation is used to decrease the weight and volume of a liquid product.
2. Concentration of a liquid food increases the shelf life of the food since it decreases the water activity.
3. Falling film evaporators are not suitable for heat sensitive products.
4. Agitated film evaporators are suitable for viscous liquids.
5. Fruit juices are concentrated in falling film evaporators.
6. Gelatin is concentrated in agitated film evaporators.
7. Tomato juice is concentrated in forced-circulation evaporators.
8. Falling film tube evaporators are more compact than plate evaporators.
9. Natural circulation evaporators are suitable for heat sensitive liquid foods.
10. Forced circulation evaporators are suitable for viscous liquid foods.

The total product curve:

Question options:

When a firm has diminishing marginal returns:

Question options:

Can anyone explain this? Thank you!