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Assume an economy with 4,000 households. each households has real income y1=700 and y2=800.
1. Use the income approach to calculate GDP in each period, denoted by Y1 and Y2 respectively
2. Each household pays a lump-sum tax of 100 units in the current period and 120 units in the future period. What is the total tax revenue in each period, denoted by T1 and T2, respectively?
What are the current values of the three main macroeconomic indicators and Why does the demand curve for money increase (more money demanded at all interest rates) when GDP increases?
New Light Inc. has just developed a solar panel capable of generating 200% more electricity than any solar panel currently on the marketplace.
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The following information describes a hypothetical economy (assume all numbers are in billion if necessary) Determine the value of the MPC of this economy?
Formulate this as a game on normalform. Find the Bi-matrix. Do there exists a Nash equilibrium in pure strategies of this game?
Amazon's "autobot" recently recommended a book to one of us titled Quality Maintenance: Zero Defects through Equipment Management. The book's description is "Achieve zero-defect product quality by eliminating the root causes of your equipment defe..
One might expect company in monopolistically competitive market to experience greater swings in price of their products over the business cycle than those in an oligopoly market.
Extend the flow properties and definitions to the multiple-source, multiple-sink problem. Show that any flow in a multiple-source, multiple-sink flow network corresponds to a flow of identical value in the single-source, single-sink network obtain..
Choose four economic indicators (all separate from any others) as presented for the last three to six months. Explain the indicator analysis but also an aggregate description of what the current economic situation is actually doing-is it getting bet..
This assignment, an Article Review, will assist you in thinking critically about sentencing in the United States. To begin this assignment, please access the CSU Online Library and select an article. This article should be from a professional or s..
where a is a parameter between zero and one that measures the influence of national income on investment and b is a parameter greater than zero that measures the influence of the interest rate on investment.
The state of Maine has a very active lobster industry, whichharvests lobsters during the summer months. During the rest of theyear, lobsters can be obtained from other parts of the world but ata much higher price.
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