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Suppose that in 2001, real GDP in a hypothetical nation equalled 9,891 billion euros, measured in 2000 euros. In 2002, real GDP was 10,049 billion euros, also measured in 2000 euros. Population in the nation was 285 million in 2001 and 287 million in 2002.
Compute real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro (for example, if your answer were 1.5 euros you would round to 2 euros, and if your answer were 1.4 euros you would round to 1 euro).
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Your friend makes half of your salary and pays 20% in income taxes. Elucidate rate most likely would be your income tax rate.
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
All costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold.
If the foreign country enters the market first, determine the equilibrium price and quantity. Will both countries produce. Show both average cost curves and the equilibrium.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Ordinary least- squares method or the two- satge least squares method for estimating industry demand for rutabagas.
Both antritrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes the two approaches. how does government decide to use one form of remedy rather than the other.
Why is it important to know Elucidate how much output is being produced
Elucidate Average costs are minimized when marginal costs are at their lowest point.
The market risk premium is 10% also government risk-free bonds are payingIllustrate what is its Weighted Average Cost of Capital.
when A person buys a car in a congested urban area it generates illustrate what type of externality.
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