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It is difficult to compare the size of a nation’s economy to the size of a multinational corporation (MNC), as it is a bit like comparing apples to oranges. However, by almost any measure, whether comparing GDP or revenues, it would appear that, were MNCs countries, a significant number of them would eclipse the economies of the majority of the world’s nations. What are the impacts of this, whether political, economic, cultural, or otherwise? Should we be concerned? If so, what steps might be taken to mitigate the negative consequences? Conversely, what positive impacts might be derived and how might we capitalize on them?
The table below shows a monopolist’s demand curve and the cost information for the production of its good. What will their profits equal? Quantity: 10,20,30,40 Price per unit:
Suppose an economy's real GDP is $50,000 in year 1 and $53,500 in year 2. What is the growth rate of its real GDP between year 1 and year 2? Assume that population is 100 in y
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In 2011, the CPI increased by 1.4%, the GDP price index increased by 1.2% and the PCE increased by 1.8%, we can see all are increases, but why does each one of these measure g
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