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Q. Consider an economy described by the following equations:Y = 10K.3L.7(round Y to the nearest 1000)C = 250 + 0.75(Y-T)I = 1000 - 50rG = 1000T = 1000K = 500L = 500a. Compute private saving, public saving, and national saving.b. Compute total labor income and total capital income.c. Find the equilibrium interest rate.d. Scenario 1: Suppose the government increases G to 1250. Compute private saving, public saving, and national saving and the new equilibrium interest rate.e. Scenario 2: Set G back to 1000. Suppose the labor force doubles to L = 1000. Compute private saving, public saving, and national saving. Compute total labor income and total capital income. Find the equilibrium interest rate.
As a business owner making a final decision regarding the international aspects of a business decision, you may decide to set up a table with the risks and weigh their relative importance against the rate of return you foresee
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
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The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
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Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
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