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Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
a. Funds spent by city governments to renovate their buildings
b. The costs of air and water pollution
c. The components of an MP3 player that are produced in China
d. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
e. The leisure time they have
Every corporation has a culture. This culture is influenced by individual and groups of different moral suasions. Research Kholberg's Stages of Moral Development
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education? What might account for the fact that estimates of effect time lags for fiscal policy often d..
peter higgins is a sales agent for xzy company. he has an effort cost function of c e2 and a reservation wage of 1500.
assume that country a has a population of 500000 and only produces one good cars. country a produces 100000 cars per
The currency in Great Britain is pound and the price of a particular British car is 12,000. suppose the exchange rate is 0.67 per dollar.
Write the equation for the total demand for emissions across both sectors. Does one sector have uniformly lower marginal abatement costs than the other? What is the total amount of emissions in the absence of regulation?
Calculate the price of each fruits in each year.
What components of GDP (if any) would each of the following transactions affect. Explain. A family buys a new refrigerator, You buy a pizza, California repaves Highway 101, Your parents buy a bottle of French wine.
"Perfect Competition" Please responds to the following: Examine a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how it relates to the characteristics of the market.
o Determine whether the change is an increase or a decrease. o Show the change in demand and/or supply on the graph of the initial equilibrium. (You will have one graph for each event.) Identify the result on the equilibrium price and quantity of den..
The Federal Reserve is most likely the most independent government agency in the US. Independence means that Fed is free from presidential and congressional political pressures.
Your company manufacturers controllers utilized in the production of commercial air conditioning units and currently selling them at $50 each. Marginal costs are $30 for production up to 10,000 units per month. Production cannot be pushed beyond 10,0..
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