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In 1988 the US gross domestic product (GDP) increased to $4.90 trillion at year end, from the 1987 year end level of 4.54 trillion in actual escalated dollar values. In the same year, the consumer price index rose approximately 4%. What was the constant (real) dollar percent increase in GDP?
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
When we apply 50 tons of fertilizer, the total yield is 1500 bushels. Elucidate the marginal value product per ton of fertilizer.
Equivalent to selecting the output where the spread between total revenue and total cost is greatest.
What is an absolute advantage? What is a comparative advantage? Give an example where you have an absolute but not a comparative advantage
Describe how the Production Possibilities Curve (PPC) changes for a nation facing increasing opportunity costs for producing food and video games given the following events
q1. why does the assumption of independence of risks matter in the examples of insurance? what would happen to premiums
What are the four factors which both expected and unexpected,perpetuate the business cycle.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
Why does the loss in economic surplus directly experienced by the participants in the marketplace for s good
Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..
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