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In 1947 in the United States, nominal GDP was $237 billion and real GDP was $1,771 billion in 2005 dollars. In 2011, nominal GDP was $14,869 billion and real GDP was $13,228 billion (also in 2005 dollars). What were the annual average growth rates of nominal GDP and real GDP over 1947 to 2011? What was the average annual growth of the price level? Explain your answer for the price level.
What is the key difference between "old-fashioned" and "high tech" crises? What are the limits of the interest rate approach to resolving balance of payments crises?
a. Aprroximately what percentage of the company's accounts receivable have balances below $30 b. Approximately how many of the 10000 accounts have balances excedding $98 Account Balance Frequency $ 0 to under 50 10 50 to under 100 15 100 to under 150..
Purchasing Power Parity Theorem (PPPT). The inflation rate in the United States is projected at 3 percent per year. The New Zealand rate is projected to be 5 percent.
1. use the four quadrant diagram of the classical model with the production function to determinea the effect of a
Purpose of assignment is to provide you with an opportunity to research and analyse two trading countries of Australia.
Among which of these methods of encouraging growth would you suggest to a newly industrialized economy.
1. Given the following production function: q = 10KL. a) If w = 25, r = 75, and C = 1200, mathematically find the minimum cost combination of capital and labour to produce a given level of output.
Macrosoft, a profit maximizing software provider, has a fully enforceable patent on word processing software. They can produce software with no fixed costs and with a constant MC of $20 / software package. The market for word processing software i..
How will the entry of firms such as Apple, Google, Amazon, Hulu, and Comcast into the business of streaming movies affect Netflix? Why do some analysts question whether Netflix can survive against these competitors? To survive, what must Netflix do?
1. If a firm produces no output (Q=0) for a period, what would its total cost of production be?
Write the new budget constraint, given this tax. Identify the utility maximizing bundle of x1 and x2 for Alice, the amount of tax revenue collected by the government, and calculate Alice's utility.
Using the above equations, impose the restriction Q1=2Q2. Find the profit maximizing Q1 and Q2 using the substitution technique.
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