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Part 1
Create a table in word or Excel showing thc data you collected for yourself and your parent. handwritten tables will not be accepted. please include each individual's date of birth in the table. structure the table in such a way
that the numbers are easy to compare across individuals at difierent points in time. Include the data for GDP, unemployment rate, and cpI at birth, age 5, age 10 and age 15 for each person. Be certain to label the GDP numbers with $ and the unemployment rate numbers with%. what do you conclude about these results?
Part 2
Compare thc results collected about your parent to the onc about yourself by constructing three graphs using Excel. You must construct three separate graphs about CpI, Unemployment and GDP. what do you conclude about each.
Suppose that the government imposed a price floor on wages (minimum wage) in order to make sure that workers can earn a living wage. Is this a price floor? What are the economic implications of this action in the labour markets? Use graphs as require..
The cost of labor goes down, the profits of firms will increase, and short-run aggregate supply will shift to the right.
Assume monopolizing a service or product of your choice. Discuss how you would go about setting prices for your product or service.
An insurance company checks police records on 588 accidents selected at random and notes that teenagers were at the wheel in 96 of them. Construct the 95 percent confidence interval for the percentage of all auto accidents that involve teenage driver..
What are the effects of labor unions on wages and productivity? what are the Right-to-work laws in individual states?
choose and reserach a specific company that is traded publicly where there has been a pattern of change in a particular
Explain how the marginal product of labor and the marginal product of capital are used in decision-making. Take into account how productive each is per dollar spent and make up your own example of the balance.
gold standard amp quantitative easingthe u.s. dollar is classified as fiat money and is not fixed to the value of any
Bank operations using T accounts
The theory of comparative advantage
suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years
According to Emerson: "Want is a growing giant whom the coat of Have was never large enough to cover." According to economists, "Want" exceeds "Have" because: The regulatory mechanism of the market system is:
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