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Two indicators of economic development include Gross Domestic Product (GDP) and the Human Development Index (HDI). What is the difference between these two ways of measuring levels of economic development? Identify an advantage and disadvantage of each.
How have these aggregates been growing in the past year compared with the value if you can, download the data from the internet , or enter them by hand into a spreadsheet, and see if you can plot the data to compare.
Illustrate what happens if the government is trying to stimulate the economy with their spending, but this leads to a greater output than projected.
Determine the Tragedy of the Commons, which gives a contemporary example, and offer a potential solution.
Which nation has the absolute advantage in the production of tanks. Why is it this country.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
A firm has fixed cost of $100 and average variable cost of $5 X Q, where Q is the number of units produced. a. Construct a table showing total cost for Q from 0 to 10 b. Graph the firm's curves for marginal cost and average total cost.
Compute and contrast at least two two-year forcasts from separate sources for two economic indicator.
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area How does the assignment of property rights af..
Assume that economy starts at equilibrium and the mpc = 0.75. Find the effect of a $300 increase in government spending once all the rounds of multiplier process are complete?
Based on the relative version of purchasing power parity relationship, calculate the expected appreciation/depreciation in euro and forecast the expected exchange rate for the next 10 years. ii. Develop the timeline of cash flows (years 0 - 10) in ..
The Mineola Company hires a consultant to determine the relationship between its profits and its output. The consultant reports that the relationship is
Suppose you want to produce WIDGETS in your country. The international price of an imported WIDGET is $50 and pays an import tariff of $10 per unit. Three inputs are needed to produce a WIDGET.
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