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Every year, billions of dollars' worth of illegal drugs and alcohol are produced within the boundaries of the United States. Official US GDP estimates have excluded the value of this production because the data have been unavailable to the government. Say, the government's Bureau of Economic Analysis now has a way of accurately estimating the value of the US's annual production of illegal drugs and alcohol. Write a 150-200 wordnote below, addressed to the Director of the Bureau of Economic Analysis, explaining why this production ought, or ought not, to be included in the US's official GDP estimate.
The quality of this written communication will be assessed on the basis of:
context and purpose for writing
What are the key elements in the natural resource endowment and in the social-political-economic C) institutions which explain the macroeconomic position of Yemen and of the performance of Yemen's macroeconomy?
In a series of studies of economic growth conducted at the National Bureau of Economic Research, economists showed that the historic rate of economic growth in GDP could not be accounted for entirely by growth in labor and capital inputs. Consensu..
1) The initial conditions in the money market are as follows:
You are asked to locate a news article that relates to macroeconomic issues and to consider how the issues raised impact on your own organization.
An investor purchased 100 shares of Omega common stock at $100 a share plus $20 commission. He held the stock for nine years. For the first four years he received annual end-of-year dividends of $4 per share. For the next five years he received an..
1. Quasimodo consumes earplugs and other things. His utility function for earplugs x and money to spend on other goods y is given by u(x, y) = 100x - x^2/2 + y. (a) What kind of utility function does Quasimodo have?
Run the model by copying the formula in the t = 1 row all the way down to the t = 30 row. Complete the table. How long did the model actually take to converge to the steady-state unemployment rate
greece has few workers per unit of land while france has many workers per unit of land. steel is labor intensive and
Quantity of pizzas demanded soared he following week from 1 pie an hour to 100 pies an hour. Illustrate what was the price elasticity of demand for Domino's pizza.
In what kind of economy is a central planning board or commission typically used to answer the basic economic questions?
There is a list of figures for a given year in billions of dollars. Using this data, compute the NDP , NI, PI, DI or net exports.
Discuss its current status. If possible, current a separate graph for each indicator illustrating the historic trend for each.
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