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1) If a nation's real GDP has increased faster that its population over a period of time, then we would conclude that: real GDP per capita increased faster than real GDP population grew slower than real GDP per capita real GDP per capita increased slower than real GDP real GDP per capita must have decreased
2) Which of the following is a private transfer payment? Unemployment benefits received by newly laid-off workers The sale of used clothing at a thrift store The Social Security benefits sent to a retired worker A check for $250 sent by a parent to a daughter at college
Given the following information, compute the real interest rate for years 2, 3, and 4. Suppose that each CPI number tells us the piece level at the end of each year.
The Bureau of Labor Statistics reported that in January 2000 total labor force was 140,910,000 of a possible 208,782,000 working age adults.
Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.
Suppose there are only two firms. It is better to be a quantity leader in a Stackelberg model than a member of a cartel in a one shot market. Use a graph if you want.
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Show that leisure must be a normal good for the labour supply function to be downward sloping.
Elucidate the factors which contribute to the elasticity of goods. Descriobe how these factors influence consumers to purchases goods or services.
What is the equilibrium level of income and derive the savings function and find the level of savings in this economy
How large would a corrective tax need to be to move this market from the equilibrium outcome to the socially-optimal outcome.
Mention four key points from the reading assignments that were emphasized in the simulation. Find out how price elasticity of demand affects the decision making of the consumer and of the organization.
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
Many companies are using computer mediated communication for training and updating their employees. They must choose the most effective and efficient manner of communication. Effective and efficient may be defined as achieving the communication go..
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