CFA Level 1 – Economics correctly answered to pass 2023
4 vues 0 fois vendu
Cours
CFA
Établissement
CFA (CFA)
CFA Level 1 – Economics correctly answered to pass 2023
Price Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (%t Change in Price)
Cross Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (% Change in Price of Substitute or Compleme...
cfa level 1 – economics correctly answered to pass
price elasticity of demand formula change in qu
cross elasticity of demand formula change in qu
ncome elasticity of demand formula change in
École, étude et sujet
CFA
Tous les documents sur ce sujet (202)
Vendeur
S'abonner
maxiscore
Avis reçus
Aperçu du contenu
CFA Level 1 – Economics correctly
answered to pass 2023
Price Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (%t Change in
Price)
Cross Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (% Change in
Price of Substitute or Complement)
Income Elasticity of Demand Formula - correct answer (% Change in Quantity Demanded) / (% Change in
Income)
Price Elasticity of Supply Formula - correct answer (% Change in Quantity Supplied) / (% Change in Price)
Elasticity of Demand Factors - correct answer 1) Availability of Substitute; 2) Relative amount of income
spent on the good; 3) Time SINCE price change
Elasticity of Supply Factors - correct answer 1) Available substitutes for resources (inputs) used to
produce the goods; (2) the time that has elapsed since the price change
Income elasticity of an Inferior Good- Positive or Negative - correct answer Negative
Total Cost Formula - correct answer = Total Fixed Cost + Total Variable Cost
Average Fixed Cost Formula - correct answer Average Fixed Cost = TFC/Q
Average Variable Cost Formula - correct answer Average Variable Cost= TVC/Q
Average Total Cost Formula - correct answer = AFC + AVC
,Unemployment Rate Formula - correct answer (Number of Unemployed) / (Labor Force) x 100
Labor Force Participation Rate Formula - correct answer (Labor Force) / (Working-Age Population(16 or
older) ) x 100
Employment to Population Ratio Formula - correct answer (Number of Employed) / (Working-Age
Population) x 100
CPI Formula - correct answer (Cost of Basket of Current Prices) / (Cost of Basket at Base Period Prices) x
100
Inflation Rate Formula - correct answer % change in CPI
Potential Increase In Money Supply Formula - correct answer = (Potential Deposit Expansion Multiplier) x
(Increase in Excess Reserves)
Money Multiplier for a change in monetary base Formula - correct answer (1+c) / (d+c)
c = currency as a % of deposits
d = desired reserve ratio
Change in Quantity of Money Formula - correct answer (Change in Quantity of Money) = (Change in
Monetary Base) x (Money Multiplier)
Equation of Exchange Formula - correct answer = (Money supply) x (Velocity) = GDP = (Price) x (Real
Output)
Quantity Theory of Money Formula - correct answer Price = M (V/Y)
, What does it mean if Cross elasticity is positive - correct answer Two goods are reasonable substitutes
for each other
What does it mean if Price Elasticity of Demand is less than one in absolute value? - correct answer
Inelastic
What does it mean if Price Elasticity of Demand is greater than one in absolute value? - correct answer
Elastic
Normal Goods Elasticity - correct answer Positive Income Elasticity (greater than 1)
Total Revenue Test - correct answer Estimate elasticity of demand:
P Up-> R Up (Inelastic);
P Up -> D Down (Elastic)
Cross Elasticity of Substitutes- Positive or Negative - correct answer Positive
Income Elasticity for normal goods- Positive or Negative - correct answer Positive
Income Elasticity for inferior goods- Positive or Negative - correct answer Negative
Command System - correct answer A central authority determines resource allocation, is used in
centrally planned economies and is also used within firms and in the military
Majority Rule - correct answer Government policies such as taxation and transfer payments are an
example of this type of resource allocation
Efficient allocation of resources - correct answer Marginal Benefit to society (Demand) = Marginal Cost
for the "last" unit of each good and service to be produced (Supply). (MC = MB)
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur maxiscore. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €15,75. Vous n'êtes lié à rien après votre achat.