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1. Explain why work done at home is not incorporated, however housing services that are also done at home are included.
2. How women are treated and thought about that work done at home is not counted in GDP. Does it make any difference?
3. If you were valuing the services of a house spouse, how would you go about measuring the value of those services?
4. using the definition of the unemployment rate, discuss why a strong argument could be made that the unemployment rate underestimates the unemployment problem. Justify your answer by discussing issues relevant to the calculation of the unemployment rate such as discouraged workers and how they are handled by the calculation of the unemployment rate and part time workers who would prefer to work full time and how they are handled by the calculation of the unemployment rate.
21.if planned aggregate expenditure pae in an economy equals 2000 0.48y and potential output y equals 4000 then this
You have an income of $40 to spend on two commodities. Commodity 1 costs $10 per unit, and commodity 2 costs $5 per unit, illustrate what is the budget equation.
Suppose the demand for loanable funds was stable but the supply fluctuated from year to year. Elucidate what might cause these fluctuations in supply.
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
Write down the profit maximization problem of the representative firm. What is the new short run equilibrium price and production.
If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant?
Find out your best affordable bundle if your travel preferences are such that you require exactly
Solve for equilibrium real output and also solve for the equilibrium interest rate.
Illustrate what is macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
q.why cant all the balance of payments accounts be in surplus? what factors determine the demand for british pounds in
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisi..
Calculate the value of the US Balance of Payments and indicate whether it is in a surplus, deficit, or equilibrium.
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