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Use following data to answer questions 1-3 (be sure to provide all calculations).
Compute real GDP for 2004 and 2005 using 2004 prices. By what percent did real GDP grow?
Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?
Now compute real GDP for 2004 and 2005 using 2005 prices. By what percent did real GDP grow?
Review the GDP information for past few years from the Bureau of Economic Analysis's Website. Give a brief summary of GDP trends over that time frame and discuss two or three events which might have caused these trends.
Suppose that you agree with the 16-percent rate of return proposed by the company. What factors need to be considered when setting rates designed to achieve this factor?
Draw a standard supply and demand diagram which shows the demand for new housing units that are purchased each month, and the supply of new units built and put on the market each month.
Graph the demand and supply curves. What is the equilibrium price and quantity in this market and if the actual price in this market were above the equilibrium price, what would drive market toward the equilibrium?
What was the Neolithic Revolution. Explain
you must identify a franchise that is relatively new (less than 10 years old and fewer than 25 locations in Canada). You must then evaluate the attractiveness of the franchise for an identified location. The evaluation should include: Presentation ..
Why might some people claim that the breakfast cereal industry is monopolistically competitive but that the automobile industry is an oligopoly? In both cases, about eight to ten firms dominate the industry.
Developing a regression model with Sample Regression Model
Assume there are two services offered in economy: dance clubs and college education. Both require the use of limited resources, but not all of the resources used in each one can be readily transferred to the other.
Demand estimation and forecasting and income elasticity of demand
hat kind of demand does walmart's products have? Does it vary by season? What market segment does Walmart target?
Assume that someone told you that an increase in price of DVD players caused the decrease in demand for DVDs. Is this what you would predict? Why or why not?
Economic costs and benefits for project
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