question archive 1) Please explain the impact of a change in the savings rate on the output
1) Please explain the impact of a change in the savings rate on the output
Subject:EconomicsPrice: Bought3
1) Please explain the impact of a change in the savings rate on the output.
2) Show in a graph and explain the impact on welfare in a specific market if a country opens its borders to trade. Assume that initially the market is in equilibrium and that the world price is less than the domestic price of the good traded in this market. Identify changes to consumer surplus, producer surplus, and total surplus.
3) The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.
