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1. Assume the growth rate of income is 10% and the growth rate of population is 5.83%?
(a) The doubling time of income =
(b) The doubling time of population =
(c) The doubling time of income per capita =
2. Consider the following information about a developing country:
Income per capita Life expectancy Adult literacy Gross enrollment
$1037 43 years 53% 46%
(a) Income index =
(b) Life Expectancy index =
(c) Education index =
(d) Human Development index =
You are going to display what happens in the long run in perfectly competitive markets when firms are operating at a loss. Demonstrate the shift that will occur in the market in the long run if all firms in this market are operating at a loss. Identi..
The Green City Hospital treated 100 patients in May with 20 nursing hour inputs, and it treated 120 patients in June with 22 nursing hour inputs. What is the total product for each month? What is the marginal product?
What are the effects of increasing in government spending both mandatory and discretionary spending on US economy forecast ot grow by 1.5%
The consumption of alcohol is often cited as an example of a negative externality. Explain a situation in which the consumption of alcohol would be considered to be a negative externality.
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Which of the following is not a way managers generally benefit from acquisitions?
An economy consists of three workers: Larry, Moe, and Curly. Each works for ten hours per day and can produce two services: Mowing lawns and washing cars. Calculate how much of each service is produced under the following circumstances. You can use a..
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Apply the IS/LM fr. amework to explain the following question. In the early 1980's to combat the recessionary forces, President Ron Reagan used expansionary fiscal policy by lowering (marginal) tax rates to combat the recession. Concurrently, Paul Vo..
At the beginning of the 20th century almost two out of every five working Americans worked in agriculture. Today this number has fallen to less than one in fifty. At the same time, the total value of agricultural production represents an ever smaller..
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