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Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage (%) raise in real GDP per person from 1987 to 2005.Year Real GDP (2000 prices) Population1987 $6,435,000 million 243 million2005 $11,092,000 million 296.6 million
Illustrate the stated direction of recent monetary policy. What recent actions have the Federal Reserve taken to confirm that direction
Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.
What was the growth rate of nominal GDP between 1999 and 2000? (Note the growth rate is the percentage change from one period to the next).
Answer whether the following statements are true or false, explaining your answer in each case.
Suppose that yi receives $ 60 per day as interest on inheritance and her wage is $25 per hour, and she can work a maximum of 16 hours per day at her job. draw her daily budget constraint.
Illustrate what marketing, pricing, distribution or other competitive advantages can firms exploit. What limits or constraints are on these firms.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Describe implications for pricing of batteries, brakes and oil changes on the sale of tires.
Provide a report to management of the firm as to whether or not it should continue to operate at a loss?
Utilizing a supply and demand analysis, what would placing rent controls due to the number of apartments accessible for low-income individual.
Office building maintenance makes call for the stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology.
What would like you to do some research and find out what nation would be the most ideal markets for your new product.
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