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Suppose that the annual federal deficit is $350 billion. Gross Domestic Product 'GDP', a measure of the size of the economy is $14.5 trillion ($14,500 billion). Calculate the ratio between the deficit and GDP as a percentage rounded to one decimal place:
What does the airline pilot’s supply curve in the Case in Point on how she has dealt with wage cutbacks look like? Does the substitution effect or the income effect dominate? How do you know?
you recently joined magna enterprise a commercial real estate developer and have been given a position working directly
wo companies A also B are duopolists who produce identical products. Determine the long run equilibrium output also selling price for each firm.
Elucidate what happens to the price of oranges and the marginal product of orange pickers as a result of the freeze. Can you say what happens to the demand for orange pickers.
if the required reserve ratio is 10 percent, what is the monentary multiplier? if the monetary multiplier is 4, what is the required reserve ratio?
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Assume your elasticity of demand for your parking spaces is -0.5 and price is $20 every day. If your MC is 0 and your capacity at 9 a.m. is 96% full over the last month are you optimizing.
Determine the new equilibrium price and quantity and how much tax revenue does the government earn with $6 tax.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Elucidate how does a firm determine its demand for capital funds during a specific period.
Calculate the price elasticity of demand for Newton's Donuts
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
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