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Discussion
• Describe which measurement of GDP (nominal or real) is a better measure of purchasing power and why. Why do you think we should measure real GDP?
• In your opinion, is real GDP an accurate measurement of economic well-being? Why or why not?
The GDP deflator is the broadest, most inclusive measure of change in the country's price level, since it includes all final goods and services produced and sold. But the GDP deflator is not used by the government or economists as the benchmark measu..
Output total variable total fixed Total cost ave.variable ave.fixed ave.total Marginal
How would privatization, deregulation and the removal of barriers to foreign direct investment affect the efficiency of business, new business formation, and the rate of economic growth in India during the post-1990 time period?
Suppose you could borrow money to buy a new machine for your business, which cost $4,000. You have estimated that this new machine will increase your revenues by $4,500. If the interest rate is 12 percent should you borrow the money to buy this machi..
Use the data below to find out the growth of income per person (over the entire period, not an annual basis) between the two years listed.
the region of acceptance will be wider than for large samples. the population is normally distributed. a larger computed value of t will be needed to reject the null hypothesis. the confidence interval will be wider than for large samples.
Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Evaluate the range of marginal revenues
Suppose that you are the chiefeconomic advisor to the president of the U.S. You are asked topropose a strategy to bring the economy out of recession. Your goalis to avoid inflation and yet bring the economy to full employmentas rapidly as possible..
Illustrate What would happen if prices were lowered when demand was inelastic
a. Calculate the equilibrium level of income or real GDP for this economy. b. What happens to equilibrium Y if I(g) changes to 10? What does this outcome reveal about the size of the multiplier?
Doing business in Africa and what opportunities are there in Africa? What advantages is there to the company? What drawbacks or risks?
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