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1. What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
2. What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
3. What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
4. Does GDP measure the well-being of society? Why or why not?
5. What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?
Illustrate which of the following tax systems could NOT be structured to satisfy conditions of vertical equity.
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisi..
What is the value of net domestic product (NDP)? What is the value of national income (NI).
llustrate the black market for lnternet access, comprising the implicit supply schedule.
suppose the social welfare benefit received by a typical family in country c was 5000 in these 3 years. Compute the real values of the social welfare benefit received by a typical family in these 3 years using constant (2006) price.
Write down a utility function that represents Britney's preferences over dresses also hats.
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
How would I plot a marginal product curve, say, given the number of workers on the x-axis and and the number of a certain product produced on the y-axis.
Describe the equilibrium price and quantity. What is the surplus of consumers and the welfare.
Find out the optimal prices, the number of tickets sold in each area and the seller's profit given that the seller wants to serve all consumers.
Illustrate what was the growth rate of nominal GDP between 1996 also 1997. Why do economists use real GDP per capita to measure the economic progress.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
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