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Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.3 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. These numbers (in bold) can be calculated by referring to 2 tables in Section 1 and the growth formula you learnt in class. a. Identify the 2 tables needed for this calculation. b. What is the formula used to compute the annual growth rate of a variable? c. Use the formula and the relevant numbers from the tables you mentioned in (a) to calculate the annual growth rate of GDP in the second and first quarter.
Explain what is the effect on the exchange rate of an increase in the country's money supply according to the asset market or portfolio approach and in what ways does it differ from the monetary approach?
Suppose that Japanese auto producers voluntarily restrict their exports to the US significantly. (For example, imagine all US imports come from Japan and that the Japanese producers restrict exports to the US to half the free-trade level).
Certainly the most dramatic change in the structure of the U.S. labor force in the period since the Second World War has been the increase in participation by married women in paid employment. which led to increased numbers of employed married wome..
During a coffee-room debate among several young MBAs who had recently graduated, one of the young executives flatly stated, "The most this company can lose on its Brazilian division is the amount it has invested (its fixed costs)." Not everyone ag..
Assume that the Bank of Canada decides to expand money supply. Explain why would it be counter productive for the Bank of Canada to fix the value of the exchange rate?
How much is the constant amount "x" and how much is the 48th payment and the dealer has offered you a 5-year maintenance contract for $800 per year payable at the end of each year.
Discuss the difference between a traditional monopoly and a natural monopoly. Include the following points in your discussion. Identify the incentives to produce and price the product for a traditional monopoly and natural monopoly.
in 2010 , president Barack Obama and congress enacted a healthcare reform bill in the united states . two goals of bill were to provide more americans with health insurance ( via subsidies for lower-income householdsfinanced by taxes on higher -in..
My income is $300 a month, the price of good X is $4, and value of good Y is also $4. Given these prices & income, I purchase 50 units of X and 25 units of Y.
China and Japan can manufactures calculators and noodles using land and capital in a competitive market. To manufacture one calculator two units of capital and one unit of land are needed,
In September 1983, it took 245 Japanese yen to equal $1. More than twenty years later that exchange rate had fallen to 108 yen to $1.
major goal of the World Trade Organization and comparative advantage means that one nation can produce and expansion of commercial bank lending
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