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China’s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China’s population growth rate in 2006 was 0.5 percent. Calculate China’s economic growth rate and growth rate of real GDP per person in 2006.
Include ideas on productivity and savings rates. What changes took place during the Industrial Revolution that made sustained economic growth possible?
q.the head of the central bank of a small african nation is trying to determine whether the m1 or m2 money multiplier
Subsequent forecasts were derived by using exponential smoothing with a smoothing constant of 0.25 using this exponential smoothing method, what is forecast for Whopper sandwich demand for Friday.
If the tax elasticity of supply is 0.55 by how much will the quantity of labor supplied decrease when the marginal tax rate increases from 35 to 45 percent?
he Bureau of Labor Statistics announced that in October 1996, of all adult Americans, 127,587,000 were employed, 7,221,000 were unemployed, and 66,645,000 were not in the labor force. How big was the labor force? What was the labor-force participatio..
For theEssay, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course.
Consider the general equilibrium model with two sectors of production using different CRTS technologies as reviewed in class. Instead of assuming that both sectors are perfectly com- petitive, assume that sector X is a monopoly while sector Y is a pe..
Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restrictive or contraction monetary policies.
Explain the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
Draw the graph representing the market for loanable funds. Label the demand curve D1 and the supply curve S1. Given D1 and S1, if the banks charged 10% interest on loans, what would the situation be in the market. Is there a shortage or a surplus? By..
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..
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