In the fourth quarter of 1982, economic statistics showed the following: (3 points) Real GDP : $5,190 billion Unemployment rate : 10.7% Inflation rate : 4.4% The conceptual variables corresponding to these data are: Potential output : $5,640 billion Natural rate of unemployment : 6.1% Ideal inflation rate : 1.0% a) Calculate the output gap. b) Calculate the unemployment gap. c) Calculate the inflation gap. d) Calculate the output loss and inflation loss. e) Calculate the total loss in the fourth quarter of 1982 if the relative weight on inflation loss equals 2. f) Calculate the total loss in the fourth quarter of 1982 if the inflation loss is weighted 6 times of the weight on the output loss.

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience.type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.120.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

“strategy, plans, and budgets are unrelated to one another.” do you agree? explain. explain how the manager’s choice of the type of responsibility center (cost, revenue, profit, or investment) affects the behavior of other employees.

During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.