# Summary Of Worksheets For Slavin: Economics

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Worksheets for Slavin: Economics, Eighth Edition These sheets can be torn out, photocopied, and distributed to your students. As your students are reading a chapter, they will be doing these problems. You can also tear out the answer sheets, photocopy them, and distribute them to your students. Chapter 2 Figure 1 1. In Figure 1 place an A to show where our economy operated in 1933, a B to show where our economy operated in 1944, and a C to show an unemployment rate of 50%. 2. In Figure 2 place a D to show where our economy usually operates, an E to show where our economy would operate during a very bad depression, and an F to show an unemployment rate of 100%. Figure 2 Table 1 Hypothetical…show more content…
Given: wages, salaries, and fringe benefits = \$5 trillion; profits = \$400 billion; interest = \$300 billion; rent = \$100 billion; and depreciation = \$700 billion. How much is National Income? 7. Given: wages, salaries, and fringe benefits = \$5.7 trillion; profits = \$500 billion; interest = \$250 billion; rent = \$150 billion; and indirect business taxes = \$400 billion. How much is National Income? 8. Given: wages, salaries, and fringe benefits = \$6.1 trillion; interest = \$400 billion; profits = \$500; depreciation = \$550 billion; rent = \$150 billion; and indirect business taxes = \$250 billion. Find National Income, NNP, and GDP. 9. Given: wages, salaries, and fringe benefits = \$7.2 trillion; interest = \$550 billion; profits = \$300 billion; rent = \$50 billion; indirect business taxes = \$400 billion; and depreciation = \$600 billion. Find National Income, NNP, and GDP. 10. Given: Consumption = \$5.8 trillion; investment = \$1 trillion; government spending = \$1.2 trillion; indirect business taxes = \$300 billion; imports = \$650 billion; and exports = \$550 billion. Find GDP. 11. Given: Consumption = \$6 trillion; investment = \$1.4 trillion; government spending = \$1.3 trillion; depreciation = \$600 billion; imports = \$700 billion; and exports = \$550 billion. Find…show more content…
(c) Negative returns set in with the ____ worker. 15. (a) Fill in the marginal output column of Table 8. Table 8 Number of Total Marginal Workers Output Output 0 0 1 3 ___ 2 7 ___ 3 12 ___ 4 17 ___ 5 21 ___ 6 24 ___ 7 25 ___ 8 26 ___ 9 26 ___ 10 25 ___ 11 23 ___ 12 19 ___ 13 11 ___ (b) Diminishing returns set in with the ____ worker. (c) Negative returns set in with the ____ worker. Chapter 21 Using the information in Figure 1, answer questions 1–3: 1. What will the firm do in the short run if the price is (a) \$14? (b) \$10? (c) \$7? 2. What will the firm do in the long run if the price is (a) \$14? (b) \$10? (c) \$7? 3. What will the firm do in the short run and in the long run if the price is (a) \$13? (b) \$9? (c) \$6? Using the information in Figure 2, answer questions 4–6: 4. What will the firm do in the short run if the price is (a) \$7? (b)