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Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage (%) raise in real GDP per person from 1987 to 2005.Year Real GDP (2000 prices) Population1987 $6,435,000 million 243 million2005 $11,092,000 million 296.6 million
Exchange rate overshooting elucidate why permanent government spending increases are less effective in increasing output than temporary increases.
Identify which economic and political policies affect your firm and explain how they impact business decisions. Explain how does your firm use technology to strategic advantage.
Explain how does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns.
Find out the marginal utility for each chicken piece. What is the meaning of the marginal utility of the 11th piece.
decisions how indusrtry make important decision with so much economical unrest.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Would an attempt to decrease the budget deficit not increase it. Does today's deficit not create tomorrow's surplus.
Explain how has technology impacted the workplace over the last ten years. What impact have these changes had on costs and prices.
Describe the two key tools of monetary policy, and explain how they would be used by the Bank of Canada to implement a contradictory monetary policy.
Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40.
The government places a price floor on milk which is below the current equilibrium price of milk. The number of children who drink milk and the number of farmers who produce milk increase at the same time.
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
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