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Suppose the government increases expenditures by $70 billion and the marginal propensity to consume is 0.660. By how will equilibrium GDP change?The change in equilibrium GDPis: $__billion.(Round your solution to one decimal place.)
A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $30, and T-shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts is 30...
What can you say about the rate of growth of the nominal GDP in the 2000s? Carefully explain how you obtained your answer from the information given.
In general, The problem with increase in health care usage due to better health insurance is:
What is the decrease in satisfaction or usefulness received from each additional unit of a product?
an economic bad is something you dont want to consume i.e. less bad is better. define an economic bad mathematically
Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.
View on YouTube: Meet Steve Sapienza: Water and Sanitations in Bangladesh (5:51 minutes) and answer the following questions: Identify two major health and environmental challenges facing Bangladesh.
Pick up the catalog for the selected generator. Design a suitable concrete foundation and anchor bolts. Make suitable sketches. Write a brief material specification. Find out the cost.
Several countries around the world are transitioning to market economies; the most significant of these are China and Russia. What do you think the impact will be on other countries around the world as these two countries become even more signifi..
Where r is the interest rate (assumed constant) and there are no storage costs. For the purposes of this problem, assume that a futures contract is the same as a forward contract.
Flavortech Corporation expects EBIT of $2,000,000 for the current year. The firm's capital structure consists of 40% debt and 60% equity, and its marginal tax rate is 40%.
Provide one example of a good the US would be considered to have a comparative advantage in producing. Why do you think the U.S. has this comparative advantage.
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