Economics: set 4
5 questions. Click an option: a correct answer turns green, a wrong one red, and an explanation appears.
In a hypothetical country in one year state budget revenues were 210 billion, expenditures 240 billion units, and GDP 1,500 billion units. What percent of GDP is the budget deficit?
In a hypothetical country real GDP grew by 5% in a year while the population grew by 2%. By what percent, calculated exactly, did real GDP per capita grow (to one decimal place)?
In a hypothetical city the bread market is held by three bakeries with market shares of 50%, 30% and 20%. What is the Herfindahl–Hirschman index (the sum of the squares of the shares in percent)?
A hypothetical dairy workshop made 400 cheeses in a month: total cost was 12,000,000 soums, of which fixed cost was 4,000,000 soums. What is the average total cost (ATC) per cheese?
In a hypothetical market the producers' supply curve is P = 10 + 0.5Q (P in thousand soums, Q in units). If the market price is 30 thousand soums, what is the producer surplus (the area of the triangle between the supply curve and the price line)?