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Suppose the sum of consumption, investment, and government spending is $620 billion, where investment includes involuntary inventory accumulation of $2 billion in addition to expenditure on plant and equipment, and government spending includes $5 billion interest payments on the national debt, $5 billion unemployment insurance payments, $10 billion social security payments, $2 billion in salaries to elected politicians, $14 billion in salaries to government employees and $25 billion expenditure on goods and services produced by the private sector. If we imported $3 billion more than we exported, measured GDP by the adding expenditures method is
a) $600b or less
b) more than $600b but not more than $610b
c) more than $610b but not more than $620b
d) more than $620b
What is the law of diminishing marginal productivity and How does the law of diminishing marginal productivity affect the cost of productions? Provide an example from your workplace.
rite a 4-6 page paper in which youanalyze and describe the impact of the different forms of regional trading
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Ryan expects to deposit $1,000 now, $3,000 four years from now, and $1,500 six years from now in an account that is earning 12% per year compounded semi annually through a company-sponsored saving plan. What amount can he withdraw ten years from now?
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1. What are the ten principles of economics?
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Many critics however contend that the American Recovery and Reinvestment Act of 2009 were not effective at all except too much budget deficit
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