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Q. If government increases expenditure by $10 billion, could total GDP increase by more than $10 billion? Explain.
Q. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Explain your answer.
Q. Your 'income' has recently dropped from $60,000 per yr to $45,000 per yr. You have come to realize which you are only buying 3 bottles of wine a week now whereas you utilized to buy six bottles of wine when you made $60,000 a yr. Given this situation you would describe wine as a:
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
Compare the sum of consumer and producer surplus for the monopoly with the results for perfect competition.
Lean Burger's drive through receives 20 customers in every ten minutes of business time.
The Solow Growth Model. In 2010, Japan was a large open economy with perfect capital mobility that was at its steady state.
We said that an uncrowned country club golf course has aspects of public good.
Illustrate what factors contributed to Hong Kong Disney's poor performance during it's 1st year
For the product is charging the most favorable price
Compare the effects of these two policies in terms of their implications for the current account.
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
Elucidate how many rounds of golf also games of curling will Seignior Cruz play in a week. Give an economic interpretation for the value of the Lagrangian Multiplier.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
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