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Suppose that in a particular country, GDP per capita was $ 10,000 in 1960 and $ 40,000 in 2008. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
Assume to you live in a simple economy in that only three goods are produced also traded: fish, fruit also meat. Illustrate what additional information might you require constructing your measure?
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
The Cost of a Flower Business. Jen left a job paying $60,000 per year to start her own florist shop in a building she owns. The market value of the building is $80,000. She pays $40,000 per year for flowers and other supplies
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. Find the shape and dimensions of country A's PPF.
Reflect on the long term implications of high unemployment among the younger generations in Spain and Greece. In your opinion, does membership in the European Union increase the chance for brain drain?
What is comparative trade and absolute; and what are their advantages? For securities trading, what is revenue and protective? What is the distinction between balance of trade and balance of payments? What is the exchange rate? and what is the impact..
The demand for cigarettes is price inelastic, but not perfectly inelastic. The supply of cigarettes is elastic, but not perfectly elastic. If there were no price controls or other complicating regulations, what would a model of supply and demand ther..
Iggy only consumes two goods: coffee and cigarettes. Three cigarettes can be traded for one cup of coffee in a free market, or one cup coffee can be traded for three cigarettes. Iggy initially has 12 cigarettes and 5 cups of coffees. Find an equation..
If, in addition, currency deposit ratio(c) is 0.05 and excess reserve ratio (e) is 0.15, what is money multiplier. Explain why money multiplier differs from simple deposit multiplier.
Many people enjoy the excitement of living and working in a foreign country, but many others do not want to work in a foreign country, particularly if an assignment is perceived to be very long term or permanent.
Laws that prevent price-gouging after the occurrence of a natural disaster are a practical example of which of the following market interventions?
Explain how inflation can have redistributive effects in the economy. What are these? Provide at least two examples that illustrate these redistributive effects.
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