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MACROECONOMIC VARIABLES . A mechanic provides his services to a company which pays him $50,000/month. The mechanic leases the company a truck for the sum
MACROECONOMIC VARIABLES . A mechanic provides his services to a company which pays him $50,000/month. The mechanic leases the company a truck for the sum of $10,000/month. The company produces a total of 1000 units of bottles of diet drinks, equivalent to $60,000/month. These are bought by the mechanic and his family who spends $20,000/month of his total income on it. The company's surplus is exported to China. How much does the mechanic save? How much does the company export? Draw the circular flow of income. 2. The following annual data are available for Chile's economy GNP: M$ 100 Depreciation: M$10 Income received by nationals abroad: M$5 Income received by foreigners in Chile: M$2 Transfers made by the state to families (bonds, unemployment insurance, etc.): M$20 a) Determine Disposable Income. b) If the indirect taxes to be paid by families equal M$13, determine the personal disposable income of the families. 3. Germany recently published the unemployment rate, this being 10%, showing a decrease of 20% compared to the previous year, However, some economists have indicated that there is an error in the calculation since the unemployment rate cannot have decreased because the unemployed increased in that same period. Explain whether or not economists are right. 4. Suppose an economy produces the following goods at the prices indicated. 13 b 301 1 Determine the inflation rate for each year by the Laspeyres index
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