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Differentiate the followings;
1- Gross Domestic Product (GDP) Vs Gross National Product (GNP)
2- Net National Product (NNP) Vs National Income (NI)
3- Real GDP Vs Nominal GDP
4- Real Wages Vs Nominal Wages
5- Per Capita Income (PCI) Vs Consumer Price Index (CPI)
A 50 percent increase in cigarette prices would cut overall consumption by 12.5 percent, with even greater declines in smoking among minorities and young adults, federal health experts said Thursday. The Centers for Disease Control and Prevention (CD..
To reduce the construction of big luxury apartments, the Chinese government requests that at least 70% of the new apartments must not exceed 90 square metres. Use a diagram to show and explain how this policy affects the equilibrium price and quantit..
Explain briefly the various parts of the circular flow diagram representing the interactions between households and firms in a simple economy.
Discuss the ethical issues relating to corporate spending, both in for-profit and not-for-profit.
You are interviewing three people for one sales job. On the basis of your experience, you believe Jane can sell 600 units a day, Tom can sell 450 units a day and Kevin can sell 400 units a day. The daily salary each person is requesting is as follows..
Assume that safety in the workplace is costly to provide for a manufacturing firm. Draw an isoprofit curve map for the firm with the wage rate on the vertical axis and risk of injury on the horizontal axis. Explain why the graph looks as you have dra..
Please explain how the value is created using marketing and supply chain strategies by the dealer/retailer in this supply chain, Lowe's Companies.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
When the Finance Division computed the marginal cost of an engine, it discovered that the new engines were much more expensive than rival engines, even accounting for the expected fuel savings. No one purchased teh engine. How would you make sure ..
Would the outcome of a Hotelling model with prices regulated by the government be efficient?
In the movie Princess Bride, the hero disguised as the pirate Westley is engaged in a game of wits with the villain Vizzini. Westley puts poison in either his own glass of wine or in Vizzini's glass. Construct the payoff matrix for this game. Assume ..
How does the president most directly influence the Federal Reserve System? The Federal Reserve includes twelve. Which is an example of a natural monopoly? Which of the following circumstances usually comes before a period of economic contraction?
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