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Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between these two ways of measuring levels of economic development? Identify an advantage and disadvantage of each.
A machine is set to fill the small size packages of M&M candies with 56 candies per bag. A sample revealed: 3 bags of 56, 2 bags of 57, 1 bag of 55, and 2 bags of 58. How many degrees of freedom are there
When income increased by 10%, the quantity of memberships of athletic clubs increased by 15 percent, the quantity demanded of spring water increased by 5 percent, and the quantity demanded of soft drinks decreased by 2 percent.
How do you predict the economy will perform in the next two years given the current state of two of the economic factors you identified? How might your organization be affected by these changes?
Atlantis is a small, isolated island in South Atlantic. The inhabitants increase potatoes and catch fresh fish. The accompanying table shows the maximum yearly output combinations of potatoes and fish that can be produced.
Suppose the costs also benefits incur at the end of the year, should the city buy the trucks.
Describe how the indicator was created and its current value. What does this key indicator say about the current economic condition.
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Explain how do changes in interest rates, inflation, productivity and income affect exchange rates.
Over the last three years, as the result of decreasing prices for digital cameras, the price of developing traditional 35mm film has increased 5% yesrly. How would I go about graphing this impact on the market for 35mm cameras.
You are a budget analyst in a California State legislative budget committee and have been asked to prepare a policy brief on the budget issue for the state.
rate of technological change also innovation has increased substantially. Discuss how these changes are likely to affect your firm's optimal bundling of tasks into jobs and subunits.
Assume that a "leader country" has real GDP per capita of $40,000, whereas a "follower country" has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 perc..
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