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Suppose that the economy of Autoland produces nothing but automobiles. Automobiles are made with tires, steel, and glass. The following activities were observed in 2012: A rubber importer sold $200,000 of rubber to a tire manufacturer. A tire producer sold $400,000 of tires to an automobile factory. An iron ore mine sold $1,500,000 of iron ore to a steel factory. A steel factory sold $2,000,000 of steel to a steel distributor. A steel distributor sold $3,000,000 of steel to an automobile factory. A glass factory sold $1,000,000 of glass to an automobile factory. An automobile factory sold $10,000,000 in automobiles to final consumers. Given these events, calculate the GDP of Autoland using a. the final goods approach. b. the value-added approach.
Elucidate why is private property, and the protection of property rights, so critical to the success of the market system.
If your holding period is 1 year i.e., you have to sell this bond after one year, what price will you end up selling at. Show your work. What is your effective rate of return.
Real GDP is: A.the base year market value of all final goods and services produced domestically during a given period.
The annual cash flows have the following projections. Illustrate what is the internal rate of return.
Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.
Elucidate how Elucidate how an increase in the marketplace demand elasticity affects the elasticity of the residual demand curve.
Explain how markets in perfect competition differ from markets that are imperfectly competitive. Illustrate what role does firm have in determining market price under each condition.
It is priced at only $400. Suppose your opportunity cost of funds is 5 percent , which refrigerator should you purchase.
elucidate what will be the effect on the world price of wool. How does the marginal revenue to Australia from an extra unit of wool relate to the price of wool.
What effect, if any, does each of the following events have on the price elasticity of demand for corporate-owned jets?
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
A television network will allow National Motors to advertise its claim if the appropriate null hypothesis can be rejected
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