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Calculate GDP and Real GDP from the following information. Consumption=1,000. Private Investment=150. Government Spending=400. Exports=100. Imports=150. Social Security Payments=300. CPI=150.
What price and quantity would prevail after the imposition of the tax? What portion of the tax would be borne by buyers and sellers respectively?
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
There are four phases of the business cycle, the expansion, the peak, the contraction, and the trough. The expansion is the time when real GDP is rising, the peak is when real GD reaches a maximum, the recession is when real GDP is falling, and the t..
q1. illustrate what are the basic steps in solving for walras equilibrium with two consumers and two commodities given
What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar?
Kevin has $100,000 and is considering the following two investment opportunities. Investment A requires an initial investment of $100,000 and promises to return an annual amount of $23,740 for 5 years. Investment B requires an initial investment of $..
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.
Country X has an $8000 billion GDP and a population of 200 million. Country Y has a $6000 billion GDP and a population of 150 million. Which of the following is true? If the GDP deflator is now 125, we may conclude that since the base year prices hav..
Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.
What are the potential ethical or moral effects of the organization’s social initiative or potential social initiative?
Analyze the reasons why Congress selected Washington as commander-in-chief. Explain Washington's legacy to independence.
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