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Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person is growing at 1 percent per year, and Poorland’s is growing at 3 percent per year. Compare real GDP per person in the two countries after 10 years and after 20 years. Approximately how many years will it take Poorland to catch up to Richland?
Suppose a woman marries her butler. After they are married, her husband continues to wait on her as before, and she continues to support him as before (but as a husband rather than as an employee). how does the marriage affect GDP? how should it a..
q.many developing countries in the global south turned to socialism in the past as a means to solve their economic
The company has determined that it would earn zero economic profits if price were equal to average total cost, and in this case it could sell 20,000 copies. In the short run, what is the profit-maximizing price of e-books relating to do-it-yourself..
Illustrate what is the maximum profit. Suppose that the fixed cost rises to $200,000. How would this affect the profit-maximizing price.
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to
q.two retail rms compete in costs in a downstream market in which base demand as well as is given by pr 1-q. the rms
Suppose good X is a normal good. Then a decrease in income would lead to
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.
q1. if argentina wanted to pay off their u.s. dollar debt after the peso devalued how many argentine pesos would it
Which of the following would cause a shift of the supply curve for hot dogs check all that apply?
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