Define Gross Domestic Product. What are the components of GDP in an open economy?                                                                               [10 marks]

Assume that an economy produces only two goods; food and fuel. The below table gives price and quantity data for the economy for three years.

Use the information given to calculate nominal GDP for the economy in each year. [15 marks]

Using 2009 as the base year, calculate real GDP for the economy in each year.                                                                                                [15 marks]

What is the Consumer Price Index (CPI) used to measure and how is it constructed?                                                                           [20 marks]

Give two reasons why the Consumer Price Index tends to overstate the true cost of living in a country.                                                        [10 marks]

What is meant by the concept of money neutrality? When is this theory likely to hold?                                                                                                 [10 marks]

What is the Fisher Effect and how does this theory relate to the concept of money neutrality?              

As the domestic border opens, Qantas Airlines (QA) decides to fly only in one route: Sydney Perth. The demand for each flight on the route is Q=500-P. Qantas’s cost of running each flight is $3000 plus $100 per passenger. a) What is the profit maximizing price that QA will charge? How many people will be on each flight? What is QA’s profit for each flight? b) QA finds out two different types of people fly to Perth. The business people’s demand is Q1=260-0.4P, and the demand for the leisure-travellers (LT) is Q2=240-0.6P. As the LTs are easy to spot from their flexible date of travel QA decides to charge them different prices. What price does QA charge the LTs? What price does QA charge the business people? Will this discrimination reduce the number of passengers? c) Will the new pricing scheme change the profit of QA? d) How much will be the change in total consumer surplus due to this price discrimination? e) Will the deadweight loss be changed due to price discrimination?

Glucose Scan Incorporated (GSI) currently sells its latest glucose monitor, the Glucoscan 3000, to diabetic patients for $129. GSI plans on lowering their price next year to $99 per unit. The cost of goods sold for each Glucoscan unit is $50, and GSI expects to sell 100,000 units over the next year. (1) Suppose that if GSI drops the price on the Glucoscan 3000 immediately, it can increase sales over the next year by 35% to 135,000 units. What is the incremental impact of this price drop on the firms EBIT? (Hint: EBIT=Sales-COGS) (3 points) (2) Suppose that if GSI drops the price on the Glucoscan 3000 immediately, it can increase sales over the next year by 35% to 135,000 units. Also suppose that for each Glucoscan monitor sold, GSI expects additional sales of $100 per year on glucose testing strips and these strips have a gross profit margin of 70%. Considering the increase in the sale of testing strips, what is the incremental impact of this price drop on the firms EBIT? (Hint: EBIT=Sales-COGS) (3 points)

Hello there, I'm wondering can you do this problem without arrays? Using the given code on C++ Platform.

Let me know ASAP.

#include <iostream>

#include <time.h>

using namespace std;

void shoot(bool &targetAlive, double accuracy)

{

double random = (rand() % 1000) / 1000.;

targetAlive = !(random < accuracy);

}

int startDuel(int initialTurn)

{

bool personAlive[3] = {true, true, true};

double accuracy[3] = {0.333, 0.5, 1.0};

int turn = initialTurn; // which person has to shoot, initialTurn represents the first person who shoots

int aliveCount = 3; // total persons still alive

while (aliveCount > 1) { // loop until only one person is alive

if(!personAlive[turn]) { // if person is dead

turn = (turn + 1) % 3; // give turn to next person

continue;

}

int highestAccuracyPersonAlive = -1;

int highestAccuracy = -1;

for (int i = 0; i < 3; i++)

{

if (i != turn && personAlive[i] && accuracy[i] > highestAccuracy) { // person has the highest accuracy and is alive, so far

highestAccuracyPersonAlive = i;

highestAccuracy = accuracy[i];

}

}

// shoot the person with the highest accuracy and who is still alive

shoot(personAlive[highestAccuracyPersonAlive], accuracy[turn]);

if(!personAlive[highestAccuracyPersonAlive])

aliveCount--; // decrease alive count if person shot is dead

turn = (turn + 1) % 3; // give the turn to shoot to the next person

}

if(personAlive[0])

return 0;

if(personAlive[1])

return 1;

return 2;

}

int main() {

srand((unsigned) time(NULL));

int wins[3] = {0, 0, 0};

for (int i = 0; i < 1000; i++)

{

wins[startDuel(0)]++;

}

cout << "Probability of Aaron winning: " << wins[0]/1000. << endl;

cout << "Probability of Bob winning: " << wins[1]/1000. << endl;

cout << "Probability of Charlie winning: " << wins[2]/1000. << endl;

wins[0] = wins[1] = wins[2] = 0;

for (int i = 0; i < 1000; i++)

{

// Counterintuitive strategy is equivalent to giving the first turn to shoot to Bob (person with index 1)

wins[startDuel(1)]++;

}

cout << "Probability of Aaron winning with counterintuitive strategy: " << wins[0]/1000. << endl;

cout << "Probability of Bob winning counterintuitive strategy: " << wins[1]/1000. << endl;

cout << "Probability of Charlie winning counterintuitive strategy: " << wins[2]/1000. << endl;

return 0;

}

Stephens Supply Company (SSC) is growing rapidly. Assume Today’s stock price is $60. SSC currently pays no dividend but expects to pay its first dividend two years from today. SSC expects to maintain its current growth rate of 25% annually for the next three years (1 year after beginning to pay dividends), after which SSC expects the growth rate to decrease to 5% annually. If the appropriate discount rate is 12%, then what is the amount of the first dividend that SSC expects to pay?

A construction company entered into a fixed-price contract to build an office building for $28 million. Construction costs incurred during the first year were $8 million and estimated costs to complete at the end of the year were $12 million. During the first year the company billed its customer $10 million, of which $4 million was collected before year-end. What would appear in the year-end balance sheet related to this contract using the percentage-of-completion method? (Enter your answers in whole dollars.)

A construction company entered into a fixed-price contract to build an office building for $38 million. Construction costs incurred during the first year were $12 million and estimated costs to complete at the end of the year were $18 million. During the first year the company billed its customer $14 million, of which $7 million was collected before year-end.

What would appear in the year-end balance sheet related to this contract using the percentage-of-completion method? (Enter your answers in whole dollars.)

At the beginning of first quarter 2015, the bank buys an available-for-sale security for $15. At the end of the first quarter the price is $17. The bank sells the security at $18 during the second quarter 2015.

During the second quarter 2015, as the result of the sale, the bank shareholder's equity ______, the retained profit ________ and the capital reserve ________.

A. increased by $1; increased by $3; decreased by $2

B. increased by $3; increased by $1; increased by $2

C. increased by $1; increased by $3; increased by $2

D. decreased by $1; decreased by $3; increased by $2

A $2,500 14% six-year bond with annual coupons is bought to yield 6%annually. The price is $3,600. Find its clean and dirty values at the end ofthe first quarter of the third year after issue, by the theoretical method.

NO EXCELL ONLY FORMULAS THANK U

company ABC released its quarterly report, showing the sales in the first quarter had tumbled 30% as pandemic hit. However, the stock price for company ABC went up by 3% right after the report was released. Does this mean a failure for the Market Efficient Theory?