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1) Suppose last year's real GDP was $7,000 billion, this years nominal GDP is $8,820 billion, and GDP-deflator for this year is 120. Determine the growth rate of real GDP?
2) Calculate the values for government purchases (G), private domestic saving (S), and private domestic investment (I) from the following information (all variables are in billions of dollars).national income Y = 5,200 budget deficit BuD = 150disposable income YD = 4,400 trade deficit TD = 110consumption C = 4,100
3) "Under a fixed exchange rate system, expansionary monetary policy depletes foreign reserves at the central bank." Comment on this statement with the help of an IS-LM diagram.
May rise or reduce in absolute value as one moves southeast along an indifference curve, depending upon whether the substitution or income effect is dominant.
Identify the funding mechanism of the project, and the sources of funding. Identify the key players or stakeholders of the project. Who is supposed to benefit from the initiative?
If real exchange rate is equal to nominal exchange rate then, If a Big Mac hamburger sells for the same dollar value in Tokyo as in Los Angeles then
n the flexible exchange rate system, discuss the effects of the following events on the exchange rate between U.S. dollar and Japanese Yen: Please indicate whether US$ will appreciate or depreciate.
Determine the effects of one country pursuing expansionary fiscal policy and tight monetary policy?
If the European euro were to depreciate relative to the United State dollar in the foreign exchange market, would it be easier of harder for the French to sell their wine in the U.S.?
Suppose two open economies A and B. In this economy only one good is manufactured for time t = 0 and price P(0,A)=1 Dollar and P(0,B) = 1,5 Euro.
What will be the effects of an increase in the money supply
The given table lists the stages needed in the production of a personal computer. Determine the value of the computer in the GDP?
Sal's International is a popular haircutting and styling salon near campus of University of New Orleans. Four barbers work full-time and spend an average of fifteen minutes per customer.
Calculate and Plot using a spreadsheet (like Ms Excel) the series for Nominal GDP
In September 2003, a United State retailer wants to buy canola oil from a Canadian farm. At that time in Canada, one barrel of canola oil value C$2.
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