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1. (GDP and Depreciation) What is gross about gross domestic product? Could an economy enjoy a constant-or growing-GDP while not replacing worn-out capital?
2. (Consumer Price Index) One form of the CPI that has been advocated by lobbying groups is a "CPI for the elderly." The Bureau of Labor Statistics currently produces onlyindexes for "all urban households" and "urban wage earners and clerical workers." Should the BLS produce such an index for the elderly?
According to the classical economists, unemployment was a temporary deviation from equilibrium, and certain forces in the economy would return it to full employment. Such forces did not include a.price competition b. wage competition
What is the difference between implicit and explicit costs? Which costs do economists take into consideration? Why? -- Use a specific example to explain how economic cost is calculated.
In your final project, you will reveal some of the limitations of your study. Discuss limitations, caveats, and other possible future actions. Based on your literature review, use the limitations of other studies as a reference.
Why is the supply curve drawn as a vertical straight line
The GDP deflator equals to
How big will that budget have to be before he would spend a $1 buying a first cup of coffee?
when measuring the gdp for a particular year why do economists include only final goods? why dont they include the
If I spent all my money ($450,000) on a new house I could buy a house with 4500 square feet. I settle for a 1500 square foot house. (Each square foot costs the same.) The day after I close the deal a nearby nuclear power plant is condemned and the va..
What was the function of the commercial excellence group? What dif?culties occurred with the launch of the commercial excellence function?
What is the structure for a firm with at least some ability to determine price? How are price and output levels determined rationally? Since price can, at least to some degree, be determined by the seller, is this firm sure to enjoy profits?
The costs of manufacturing steel declined substantially from building a conventional hot rolled steel mill down to new mini mill technology that need only scrap metal,
Describe the resurgence of Imperialism at the end of the 19th Century. Which countries acquired new territories and where? ? Why were they able to expand their holdings so rapidly?
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