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a) Suppose the US population is currently 303.8 million people and the population of China is 1.33 billion. If US GDP is $13,850 billion and China's GDP is $6,990 billion, what is the per capita GDP in each country? (Both GDP figures are in terms of purchasing power parity.)
b) If the US population is growing at .88% per year, while GDP is growing at 2.5% per year, and if these growth rates remain constant for the next five years, what will be the population and GDP levels in five years? Please show your work.
Use the data in the table to the right to answer the following questions. What is the external cost per unit of production? What level is produced if there is no regulation of the externality?
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).
Draw a bowed-out production possibilities curve (PPC or PPF) with an aggregate measure of medical services, Q, on the horizontal axis and an aggregate measure of all other goods (and services), Z, on the vertical axis.
Compare and contrast the strengths and weaknesses of today's Federal Reserve operating procedures and monetary decision making policy.
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
In a closed economy without a government sector, consumption is determined as 80% of the income available to households. Investment is autonomous at a level of £450.
Finding the short run and long run profit maximizing price - quantity and number of firms in industry.
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
Consider the problem of the book assuming that the utility is Cobb-Douglas (U (C, l) = C α l β )
The nation is divided into __12______ Federal Reserve districts, each having a Federal Reserve Bank.
Application of Nash Equilibrium and Game Theory with examples
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