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In 450 words please the 2 questions based on the video on the link below:
If you travel around the world, you will see tremendous variation inliving standards of the people. The world's poor countrieshave average levels of income per person, that are less thanone-tenth the average levels in the world's rich countries
Why must the total value of expenditures in the economy be equal to total income? Is the value of intermediate goods and services included in GDP? Explain.
In the coordination failure model, suppose that consumers preferences shift so that they want to consume less leisure and more consumption goods. Determine the effect on aggregate variables in the good equilibrium and the bad equilibrium.
Briefly interpret what the point estimates of the α and β coefficients would mean. Also explain how these estimates could be informative to verify whether the country-level production function has constant returns to scale.
BUS700 Economics T216 - To allow students to research and critically analyse an evaluate the macroeconomic performance of an economy. This assessment contributes to Learning Outcomes (b), (c) and (d).
Write a program that repeatedly collects positive integers from the user, stopping when the user enters a negative number or zero. After that, output the product of all positive entries. A sample run should appear on the screen like the text below..
The widget market is competitive and there are no transaction costs. Five different suppliers are willing to sell one widget at each of the following prices: $30, $29, $20, $16, and $12. Five different buyers are willing to buy one widget at each ..
You expect to receive a payment of $104 one year from now. Your discount rate is 4 percent. What is the present value of the payment to be received. Suppose that the discount rate is 5 percent.
This alternative approach asks how a person could achieve a given target level of utility at minimal cost. Develop a graphical argument to show that this approach will yield the same choices for this consumer as would the utility-maximization appro..
Top Gun Marketing, Inc., offers overhead banner fly-by promotion services using their Cessna aircraft and banner creation facilities.
Assume the consumer prefers to consume equal amounts of good 1 and good 2 whenever possible. Calculate the preferred amounts x1 and x2 as functions of prices and wealth.
Suppose a single parent can work up to 16 hours per day at a wage rate of $10.00 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as Aid to Families with Dependent ..
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