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GDP calculation and fixed exchange rate
Please provide a step by step explanation:
a. Assume last year's real GDP was $10,000 billion, this year's nominal GDP is $13,800 billion, and the GDP-deflator for this year is 110. What was the growth rate of real GDP?
b. "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.
c. Using demand and supply analysis to assist you, what are the effects on the exchange rate between the British pound and the Japanese yen from:
i. an increase in Japanese interest ratesii. an increase in the price of British goodsiii. an increase in British interest rates
Auger busy in a promotional campaign costing $60 million this year, its annual after-tax cash flow over the next five years will be.
Use aggregate demand (AD) and aggregate supply (AS) model in which the short run aggregate supply curve slopes upwards to describe the equilibrium level of real GDP and prices if the economy is operating:
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Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
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