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Suppose the government increases expenditures by ?$70 billion and the marginal propensity to consume is 0.60. By how will equilibrium GDP? change? The change in equilibrium GDP? is: ?$ billion.
?(Round your solution to one decimal? place.)
Which of the following taxes are not equivalent to each other? Assume that each is a proportional tax.
Suppose you are given the following simple dataset, regress Y on X: y=β0+β1x+u X Y 1 2 2 5 5 7 4 6 1) Calculate and . Show algebraic steps. Interpret and Calculate the predicted(fitted) value of each observation. Calculate the residual of each observ..
Describe cultural competence, and its value, in the workforce and in local and global communities. Use appropriate resource to support your answer in APA style.
Forestry products account for nearly 3 percent (%) of Canada's GDP also 14.1 percent of its exports.
Real estate magnate Donald Trump once proposed a one-time tax of 14.25 percent on the net wealth of every American with more than $10 million. Would this be an efficient way to raise tax revenue? Why or why not?
The United States has an absolute advantage in making many goods, such as short-sleeve cotton golf shirts. Why do Cost a Rica and Bangladesh make these shirts and export them to the United States?
The US changed the way we measure our economy from the position of Gross National Product to Gross Domestic Product. Through your own research, compare and contrast the 2 and, in your opinion, choose which one is better.
A recent report on GDP growth rates showed that the GDP of Dorada, a developed economy, has declined this year. Emily George and her friend Tabitha, Jude, both students of economics, are discussing the possible reasons for the decline in the growth r..
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and, invariably, create employment possibilities.
You are evaluating two different silicon wafer milling machines. The Techron I costs $222,000, has a three-year life, and has pretax operating costs of $57,000 per year. For both milling machines, use straight-line depreciation to zero over the proje..
Wal-Mart is a giant among retail outlets and accounts for major fractions of toy, grocery, and clothing sales in the U.S. and Canada. Wal-Mart's success is partly due to increases in productivity through many innovations in their operation. Now on an..
Two of the most important concepts we’ve talked about in class are the technical rate of substitution between two inputs and the ratio of the price of those inputs. Explain, briefly, what each of these concepts represent in terms of tradeoffs, and wh..
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