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Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figures are in billions. Category Value Compensation of employees $196.2 U.S. exports of goods and services 19.8 Consumption of fixed capital 11.8 Government purchases 59.4 Taxes on production and imports 14.4 Net private domestic investment 52.1 Transfer payments 13.9 U.S. imports of goods and services 16.5 Personal taxes 40.5 Net foreign income 2.2 Personal consumption expenditures 219.1 Statistical discrepancy 0.0 Instructions: Round your answers to one decimal place. a. GDP = $ billion b. NDP = $ billion c. National Income = $ billion
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary"
bill operates a boat rental business in a competitive industry. he owns 10 boats and pays 1000 per month on the loan
Business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recession.
In game theory, a dominant strategy is one _______________
Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:
Manufacturers of laundry detergent and dishwashing soap reinvest a relatively large percentage of their sales revenues on advertising campaigns. Most of these advertisements that appear on television stress the fact that their product is "New and Imp..
Assume the manager asks for volunteers to postpone their tour by offering increasing amounts of cash compensation until only four people want to see the caves that day.
Local ordinances govern issues such as which of these?
If market participants expect stocks in the technology sector to increase in price next year, what will happen to supply, demand and price today? Give an answer and also show with a supply-demand curve. What else would be needed for an asset price bu..
If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four quarterly payments of $1,500 during the second year after receiving the $7,000 loan, what is the effective annual interest rate for the loan?
Classify each of the following situations as either frictional, structural, or cyclical unemployment.
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