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By looking at the data above : Gross Domestic Product, Private Final Consumption Expenditure in the US, and Personal Consumption Expenditures: Non Durable Goods from 2003-2013.
1. Describe and analyze the macroeconomic environment. Explaining the economic performance from the data.
2. Explaining what you see in your series. What is the economic growth during 2003-2013 ? What is the role of the series that you collected (in point 2 and 3)?
3. Is there any significant changes by looking at the data? and why? Compare values of these series across from 2003-2013.
4. Explain the elements of Macro environment and its impact.
A 25-year-old engineer is opening an individual retirement account (IRA) at a bank. Her goal is to accumulate $1 million in the account by the time she retires from work in 40 years. The bank manager estimates she may expect to receive 8% APR, compou..
Explain why there is a natural unemployment deficit. Compute the amount of the natural employment deficit in terms of both billions of dollars and as a percent of natural real GDP.
Suppose you are receiving a large shipment of Gizmos. The manufacturing standards provide that 1% of Gizmos turn out defective. You randomly select a sample of n = 25 from each lot and return the shipment if more than 2 are found defective. The proba..
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
Dynamism creates opportunity as well as constraints. Identify the most promising facing companies from advanced markets. Then do the same for firms from developing markets. How are they similar? How are they different?
If the real wage can adjust to equilibrate labor supply and labor demmand, what is the real wage. In this equilibrium, illustrate what are employment, output, and the total amount earned by workers.
Who is hurt and who benefits from the manipulation of LIBOR? Who was most responsible for the manipulation of LIBOR? As a leader, how should you respond when you know that your competitors are cheating? How should you respond when you think regulator..
A perfectly competitive tomato industry is in long-run equilibrium. Now suppose that some consumers are getting sick by eating tomatoes that contain salmonella. Describe how this change will affect short-run economic profits. What will happen to the ..
The sale of treasury securities by the Federal Reserve will, in general
Consider the Romer model. If the percentage of the population engaged in ideas formation (l) (bar) decreases, what are the short and long term impacts of this shift on Y?
Discuss in detail any two supply-side policies and how they are supposed to work, and describe more generally the supposed benefits and disadvantages of supply-side policies as opposed to expansionary demand management policy options
Suppose the economy's production function is Y = A(300N – N^2). The marginal product of labor is MPN = A(300 - 2N). Suppose that A = 10. The supply of labor is NS = 0.05w + 0.005G. If G is 26,000, what are the real wage, employment, and output?
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