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Important information about annual growth rate
In 1955, the last year when social security payments included only old-age payment (before disability) payments that year totaled $4.9 billion. For 2001, the figure was $433 billion (excluding Medicare, which was another $218 billion). During that period, the CPI rose at an average annual rate of 4.2%, and the number of people over 65 rose an average of 2.0% per year. What would social security have been in 2001 if the program had not expanded after 1955; i.e., if the only increases were due to inflation and population? Now suppose the CPI had been overstated by 1.1% per year. What would social security payments have been in 2001 if the actual rate of inflation had been used?
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
Use the utility function to answer the questions, below: (x1, x2) = exp (√(x 1 ) + √(x 2 )-Derive the Marshallian (ordinary) demand function for good1 and 2, x i *(p,l), i =1,2 . Then derive the indirect utility function (p,l).
Illustrate what yield curve shape is depicted if intermediate term tresury securities yield
The requirement is:- term paper on International Business from economic view point. The topic is effect of corruption on Chinese and Indian economy and how India's IT sector.
Explain when an economy ever pursue a contractionary fiscal policy.
What is her marginal rate of substitution when L = 100 and she is on the budget line? What is her reservation wage? What is her optimal combination of C and L?
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
Using the theory of oligopoly and the concept of prisoners dilemma, explain why the cigarette companies did not cut on advertising on their own to increase their profits before the law went into effect?
Joan is deciding where to spend her spring break. If she goes to Cancun, Mexico, the trip will give her 9,000 utils of satisfaction and will cost her $300. If, instead, she travels to Florida, the trip will give her 5,000 utils of pleasure and w..
As the marketplace is in equilibrium, the required returns of the two stocks should be the same.
B3 Oraganization is a manufacturing firm that uses job order costing. The company applies overhead to jobs using a predetermined overhead rate based on machine-hours.
Problem - Income Elasticity of Demand, Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5
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