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a) Suppose nominal GDP rose from 6250 billion in 1995 to 6630 billion in 1996. If the GDP deflator rose from 125 to 130 during this time, what was the percent growth in real GDP?
b) Given the data in part (a), what was the rate of inflation for goods and services produced in the U.S. economy?
Identify the reasons why the quantity demanded of a product increases as the price of that product decreases.
In the Castorian Airline market there are only two firms. Each firm is deciding whether to offer a frequent flyer program.
Compute percentage change of real exchange rate between US and Japan in past year. Has US Dollar become weaker or stronger in real term.
What would you do if patent law prevented your rival from cloning your product.
its marginal propensity to consume is 3/4. If its GNPin period10 is 2,048, explain how much labor and capital did it start with in period0.
Explain how the Typical Firm also Industry Delivery also Demand to analyze the impact of this tax.
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resour..
when would it make sense for a factory that is losing money to remain in operation?additional requirementsaif the
Discuss the concept of resistance and how employees respond to major change; incorporate information from your own experiences as well as insights you have gained from this module.
What is the change in the total amount that J & R National Bank can loan out? Explain.ii. What is the total amount that the bank can create? Explain.
You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that one year T-bills are currently earning 3.25 percent. What is the inflation premium?
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model,
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