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Use the following data to answer questions 1-3 (be sure to provide all calculations).
Quanity Prices
Year CD's Tennis Racquets CD's Tennis Racquets2005 90 180 $18 $1002006 100 190 $20 $110
Calculate the value of the price index for GDP for 2006 using 2005 as the base year. By what percent did prices increase?
Now calculate real GDP for 2005 and 2006 using 2006 prices. By what percent did real GDP grow?Review the GDP information for the past few years from the Bureau of Economic Analysis's Website. Provide a brief summary of the GDP trends over that timeframe and discuss two or three events which may have caused these trends.Be sure to show your work for each calculation.
Rise in the price of TV sets in Japan also depreciation of the dollar lead to a total increase of 9 percent in the dollar price of imported.
The demand function for gadgets is providede by the following formula. Illustrtae what is the point price elasticity of demand.
Your company is considering expanding overseas. It is particulary interested in developing markets, and narrowed its choice down to two countries, A and B.
Which of the following items are included in the calculation of GNP in the UK, and which are excluded?
Explain how does the state of the economy affect federal budget. Explain how can macroeconomic variables inter-relate to each other.
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer.
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Assume that Japanese and U.S automakers produce on identical isoquats. Wages are higher in Japan than in the United States.
Illustrate what are the dominant industries and or corporations, and who controls them. What is the trade relationship between your country and the United States.
Assume you fail to hedge, but the British ale seller decides to cut you a break and only pass through half of the pound appreciation.
Illustrate what do these indicators suggest about the future prospects of Walmart.
Fiscal policy refers to the use of government expenditures or tax policy to influence the aggregate demand for a specific purpose.
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