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Consider the following data on U.S. GDP:
Year Nominal GDP(in billions) GDP Deflator(base year 2005)2009 $14,256 109.81999 $9,353 86.8
1. What was the growth rate of nominal GDP between 1999 and 2009?
2. What was the growth rate of the GDP deflator from 1999 to 2009?
3. What was real GDP in 1999 measured in 2005 prices?
4. What was real GDP in 2009 measured in 2005 prices?
5. What was the growth rate of real GDP from 1999 to 2009?
6. Which growth rate was higher between 1999 and 2009: the growth rate of nominal GDP or the growth rate of real GDP?
What are some expected domestic economic consequences of the currency crisis for the countries involved? Focus on import prices of goods and services into the Asian country.
During the period, there has on several occasions been implemented important labor market policy interventions. What does this mean for the model assumptions?
To decrease the federal deficit, government would have to cut back on government buy, transfer payments, or increase taxes. How does the federal deficit affect GDP and multiplier?
Imagine a person's utility function over two goods, X and Y, where Y represents dollars. Specifically, assume a Cobb-Douglas utility function:
Now, assume the ECB also employs comparably aggressive policy. Copy your results from the left graph and show on the right graph how the ECB could affect the USD/EUR exchange rate.
Bridget has a limited revenue and utilize only wine and cheese.
Find out two articles that discuss the local, state, or federal taxation of a good. Describe the effects of taxation and price controls on the economy.
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Since inventories are not a large component of GDP, how can they affect GDP so sharply explain how will the replenishment cycle affect GDP in the near future?
The management team at your hotel which has been asked to work together with the information technology manager to identify what information, documents, and files should be secured when stored on the server network and to identify possible solutio..
Now determine equilibrium quantity and graph the two equations to substantiate your answers and label these two graphs as Dl and SI.
Assume the construction of the $360M stadium is to be financed entirely with debt to be repaid over twenty years. The repayment burden is negilible in short run.
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