Calculate the cost index using the nominal gdp

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Reference no: EM139099

Q1. Explain how do you calculate the cost index using the nominal GDP to get the real GDP in billions

Q2. The NCAA prohibits schools which are caught paying athletes from participating in bowl games, and sometimes the punishment is even more severe. Explicate why schools don't break away from the NCAA and form a league in which athletes can legitimately be paid. Use hypothetical payoffs to construct an illustrative normal-form game in which the strategies are "pay players" and "don't pay players; the players are School A and School B."

Reference no: EM139099

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