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In view of the weak economy of the last several years, explain which of the four components of GDP had, or is having, the greatest positive impact in our economy. Use the following historical tables to support your response.
o Go to the Bureau of Economic Analysis at www.bea.gov Navigate on the home page to where it states "National," then select "Gross Domestic Product". Next, select "GDP and the National Income and Product Account (NIPA) Historical Tables". The direct Web address is https://bea.gov/national/index.htm#gdp
what is an externality? provide at least three examples. how does one of the examples you provided affect the market
Would another topping on a pizza always increase the utility derived from eating it? Consider Maria's total util- ity curve for pizza toppings as shown in the table. Find the marginal utility for each additional topping and draw a diagram indicati..
Describe verbally what will occur in the short run. It is a good idea to draw a graph. What will happen once new firms are able to enter the market - What level of output will each firm choose?
Would US$ depreciate or appreciate
Prepare a statement showing the incremental cash flows for this project over an 8-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project.
assume that the relationship between the growth of a fish population and the population size can be expressed as g 4p
The following income and cross price elasticities of demand were calculated for various goods. Classify if each good as superior, inferior, normal, substitudes or compliments. Explain and show your work to get full credit.
A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $15 per hour and capital is rented at $8 per hour. If the marginal product of labor is 45 units of output per hour and the marginal product of ..
Draw a production possibilities curve (PPC) 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. Discuss the implications of the following changes on..
The employees at Warren Manufacturing Company are unionized. As minimum requirements, the union members insist on keeping a work force of at least 300 workers, and accepting an hourly wage rate of no less than $8. Beyond those minimum requirem..
Suppose you are given a line described by the equation y = 100 - 2x and you are told that the x value has increased by 50 units at every y value. What is the equation for the new line? Show your work
Why do governments raise taxes on cigarettes and alcohol to raise government revenues? What changes do you make to your demand for gasoline when the prices start to climb up? Would you want to own a business that sells price-elastic products or price..
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