Use the AD/AS model to illustrate what happens to United States equilibrium GDP and the price level under the following scenarios. Also state what happens to national income and unemployment.

1. Canada, the number one destination of U.S. exports, goes into recession.

2. Energy prices rise throughout the economy.

3. Wages fall throughout the economy.

4. Congress passes a law lowering the income tax.

5. Businesses become more optimistic and raise their forecast ROI.

Include a caption! Beside or below each graph, explain why you shifted the curve.

Anova

5) The data below gives the lengths in millimeters of three varieties of the tropical flower Heliconia, which are fertilized by different species of a hummingbird on the island of Dominica. Perform an Anova test to compare the means lengths of the flowers for the three species.

The government of a state has been experiencing an increase in number of obesity cases. Research suggests an increase in consumption of a particular fast food item is responsible for high number of obesity cases. As a result, the government of that State is considering an imposition of $1 tax. Monthly demand and supply for this good are QD=21-1P and QS= -1+1P respectively.

1. a) Draw the demand and Supply curve for fast food before the tax is imposed. Calculate the

   equilibrium price and quantity, consumer and producer surplus, and label them on the graph.

2. b) Calculate the price elasticity of demand and supply for fast food. If the State government

   imposes a tax, who will bear the most of the burden of the tax?

3. c) Suppose that the State government finally imposes a $1 tax on fast food. What will the new

   equilibrium price and quantity? Include the tax on your graph. Calculate the consumer and

   producer surplus and label them on the graph.

4. d) Is there any deadweight loss resulting from the tax on that good? If so, calculate it and if not,

   explain? Would you personally advice the State government to impose the tax or not?

The government of a State has been experiencing an increase in number of obesity cases. Research suggests an increase in consumption of a particular fast food item is responsible for high number of obesity cases. As a result, the government of that State is considering an imposition of $1 tax. Monthly demand and supply for this good are QD=21-1P and QS= -1+1P respectively. (30 Pts) a) Draw the demand and Supply curve for fast food before the tax is imposed. Calculate the equilibrium price and quantity, consumer and producer surplus, and label them on the graph. b) Calculate the price elasticity of demand and supply for fast food. If the State government imposes a tax, who will bear the most of the burden of the tax? c) Suppose that the State government finally imposes a $1 tax on fast food. What will the new equilibrium price and quantity? Include the tax on your graph. Calculate the consumer and producer surplus and label them on the graph. d) Is there any deadweight loss resulting from the tax on that good? If so, calculate it and if not, explain? Would you personally advice the State government to impose the tax or not?

Review the four financial statements discussed in Chapter 1. Then answer the following questions in your initial response:

• Choose one of the financial statements you reviewed and explain its purpose.
• Explain what type of information can be derived from the financial statement you chose.
• What do you think is the major purpose of all financial statements?
• What is the importance of accounting in a health care manager’s role? How will you use it in your health care career?

Word Count: 175- to 265-words. Use your own thoughts, experience and viewpoint of the readings. Do not copy from the internet.

APA Formatting: Use citations where appropriate and list references. All citations and references, if used, must be in APA format. Only 15% of the content can be source material. If you write in your own words, only the reference is required.

Governor R set a goal to have 1000 MW of installed renewable nameplate capacity by the end of 2020. But this goal does not state what proportion of supply will come from renewables, because as we know nameplate capacity is different than actual production. The average load over the course of the year for the whole state of RI is about 800 MWh. Suppose that the entire 1000MW comes from solar. What proportion of actual supply will be from renewables? Please show work.

Solow Growth Model: Suppose a fictional island called San Bruno in the Mediterranean Sea has a production function of Y=F(K,L)=K^0.5L^0.5.  Note that capital per worker is k=K/L and output per worker is y=Y/L. Suppose there is no population growth and no technological improvements in San Bruno. Assume initially L=100 and K=6400. Also assume that the savings rate in this economy is 24%.  There is not international trade and no government taxes or spending. Therefore, Investment equals Savings. I=sY. On a per worker basis i=sy.

a) Calculate the initial levels of k and y.

b) Suppose a massive earthquake strikes the island, decimating the buildings and equipment.  Suppose that K=2500.  Explain what immediate effect this would have on the yand k.

c) Suppose that before the earthquake, when K=6400, the stock of capital was at its steady-state level. Find the rate of depreciation of capital in San Bruno.

d) Calculate the per capita level of consumption at the pre-earthquake steady state and immediately after the earthquake.

e) Assuming an unchanged savings rate, what will happen to the economy over the long-run?  (Use a spreadsheet to show the progress of the economy as I showed you in class and as shown in your text.)

f) Assuming the depreciation rate you found in (c), now find the Golden Rule level of k. (Hint: First derive the MP_k). At the Golden rule what is the savings rate, total output, and total consumption?

g) Draw a Solow model diagram to illustrate the above problem. Label all axes, curves and key points.  Be sure to show the initial pre-earthquake steady state, the post- earthquake state and the Golden Rule steady state as well as the associated levels of output and investment.  (Hint: You will need investment curves for both the original savings rate and the golden rule savings rate.)

The Graded Naming Test (GNT) asks respondents to name objects in a set of 30 black and white drawings in order to detect brain damage. The GNT population norm for adults in England is 20.4. Researchers wondered whether a sample for Canadian adults had different scores from adults in England (Roberts, 2003). If the scores were different, the English norms would not be valid for use in Canada. The mean for 30 Canadian adults was 17.5. Assume that the standard deviation of the adults in England is 3.2. How can we calculate a 95% Confidence Interval (CI) for these data?

1. Calculate a 95% CI and a 90% CI for this data.
2. Are the English norms valid for use in Canadian use? Explain how you know your answer to be true.
3. How do the two CI’s (95% and 90%) compare to one another?
4. What is the effect size for these data?
5. What does this effect size indicate about the meaningfulness of this test for Canadians?
What would you recommend doing to increase the power of this experiment?