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Assignment
Problem 1
The Government of a given economy has to decide about the allocation of the budget of 2017.
(Budget :1 000 000 $)
Different studies evaluated the cost and benefits of several projects :
- Building a new free Zone : Cost : 300000, Revenues : 700000- Producing Aluminum : Cost : 150000, Revenues : 350000- Investing the budget in the financial system : 5% interest rate
The final decision of the government is to build the Free Zone
1. Calculate accounting costs 2. Calculate opportunity costs 3. Calculate Economic Cost 4. Calculate Economic profits 5. Calculate your Economic profits
Problem 2 The following table shows for 2000 and 2016 the cost of a basket of goods and the nominal average wage:
2000
2016
Salary
1000
1250
Cost of basket
70
94.5
Real salary
1. Calculate the real income in 2000 and in 2016 2. What is the percentage increase in the cost of basket 3. What is the percentage increase in the salary (nominal) 4. Calculate the salary in 2016 that maintain the purchasing power of 2000.
a) What was gross foreign investment in this nation last year? b) What was net foreign investment in this nation last year?
Suppose consumer income declines in the market for bologna, an inferior good. At the same time, the number of bologna producers decreases. Therefore, the equilibrium price of bologna will _____ and the equilibrium quantity will _____.
Discuss how a Chief Information Officer (CIO) might handle ethical decision making using one or more of the theories presented in the week one reading material. in information technology
Think IS LM BP model of an open economy with sticky price levels in local currency, perfect asset substitutability, perfect capital mobility and static expectations.
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in ..
Write the code to call a function whose name is send_number. There is one argument for this function, which is an int. Send 5 as an argument to the function.
A financial advisor at Diehl Investments identified two companies that are likely candidates for a takeover in the near future. Eastern Cable is a leading manufacturer of flexible cable systems used in the construction industry, and ComSwitch is a ne..
How does brand competition within stores affect prices? Explain.
Consider the following labour market data and compute the followings (where relevant, show it to two decimal points). Calculate the percentage of people not in the labour force. Calculate the rate of unemployment
Identify and provide definitions of the major components of object oriented database modeling? Please provide the necessary website links with the above answers.
A typical university football programs requires alumni to join one of several booster club each club gets seats in different parts of the stadium before the person can buy season tickets. Ilustrtate what has this got to do with consumer surplus.
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
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