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1) From 2006 to 2010, per capita real gross domestic product (GDP) in Poland grew an average of 4.71% per year. At that rate, according to the Rule of 70, in roughly how many years will the Polish economy double in size?
2) James has worked for the same company his entire life. His current income is $100,000 per year. When he was originally hired, he made $50,000 per year. The company has given James a consistent raise of 2% every year. How long has James been with the company?
3) In 1998, per capita real gross domestic product (GDP) in Thailand was $4,444.19. By 1999, it had increased to $4,695.22. At what rate did Thailand’s economy grow in that time?
4) From 2009 to 2010, per capita real gross domestic product (GDP) in the United States grew by 1.8%. Given that prices increased by 1% and the population grew by 1%, at what rate did the nominal GDP grow?
Both banks that each of their entire $20 million loan package will be written off as bad loans. Will any of the two banks survive this crisis? Explain carefully.
A firm sells its product in a perfectly competitive market where other firms charge a price of $130 per unit. The firm’s total costs are C(Q) = 40 + 10Q + 2Q2. How much output should the firm produce in the short run...How many units?What price shoul..
Explain how does the income approach to measuring GDP differ from the expenditure approach. Explain the meaning of value added and its importance in the income approach.
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...
Using marketplace equilibrium why do baseball players also CEOs make more money than your lowly Economics instructor.
llustrate what is maximum amount it would be worth to shareholders to elicit high CEO effort all time rather than low CEO effort all time.
Where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yards sold per year. Suppose that Kalamazoo's marginal cost is $20 per cubic yard and its avoidable fixed cost is $100,000 per year. what is its profit-maximiz..
what rate of interest would she need to obtain her goal. Are cash payments that companies make to shareholders. Are cash payments that companies make to shareholders.
Two friends Diane also Sam own also run a bar. Diane tends bar on Monday Wednesday also Friday also receives wage in addition to tips.
the long-run industry supply curve a normal good is being produced in a constant-cost perfectly competitive industry.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
How do managed floating exchange rates operate Why were they adopted by the industrialized nations in 1973 Has the abandonment of the Bretton Woods system of adjustable pegged exchange rates been beneficial or detrimental to global financial stabi..
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