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Suppose in a particular country, GDP per capita was $3400 in 1960 and $44000 in 2005. What is the average annual growth rate of GDP per capita in this country? How many years it will take for the GDP per capita to double, if it continues to grow at this growth rate?
Evaluate the role played by Howard Schultz in the growth and success of Starbucks. Is the company in danger of relying too heavily on Mr. Schultz?
If the prices of all products are raising at 5 percent per year and your employer gives you a 5 percent salary increase, are you better off, worse off, or equally well off in comparison with your situation a year ago? Use indifference curve analysis ..
Drivers of Globalization in Practice: Global Business Needs When considering a country to enter with respect to global trade, business leaders must determine if the particular country under consideration has a sufficiently acceptable environment in w..
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
How does what we measure determine successful or unsuccessful outcomes. Give concrete examples of measurement and/or measurement systems and how they determine outcomes. In addition, discuss the definition of success from an individual, corporate and..
When the ticket price for a concert at the Arias Magnificas Opera House was $50, the average attendance at concerts at that price was 4012 people per concert. Assuming that demand (the average number n of tickets bought) is a linear function of the a..
In the year 2000, a couple with two small children has combined salaries of $125,468; dividend and interest income of $2,666; and capital gains income of $8,540. Since they do not have substantial deductions, they plan on taking the standard deductio..
The creation of new bank reserves could lead to a multiple increase in the money supply. Contractionary monetary policy shifts the reserve supply schedule inward. When a government intentionally lowers the value of its currency, that is called deprec..
In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
On the accompanying graph, illustrate (A) nominal per capita GDP and (B) real per capita GDP for each year. (The necessary data appear on the endpapers of this book.) By what percentage did nominal per capita GDP increase in the 1990s? By what percen..
Suppose the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and a risk premium of 1%. Suppose changes in the U.S. cause its real rate of interest to increase from 3% to 4% a..
U.S. real GDP is substantially higher today than it was 60 years ago. What does this tell us, and illustrate what does it not tell us, about the well-being of U.S. residents
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