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Consider the national income and output data listed:[A]Personal Consumption Expenditure= 1491[B]Transfer Payments 274[C]Depreciation -234[D]Retained earnings-112[E]Gross Fixed Investment-378[F]Fed. State Local Govts' Purchases-354[G]Changes in Bus.Inventories-26[H]Interest Paid To Institutions-176[I]Imports-248[J]Export-261[K]Personal Income Taxes-514[L]Indirect Bus. Taxes-177[M]Net Factor Income from abroad-minus 5[N] Corp.Profit Taxes-110[O] SS Contributions 95
**Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
What is a market structure? Define and discuss in detail the differences between a monopoly, an oligopoly, perfect competition and monopolistic competition.
Using the principles of supply and demand, develop a plan to alleviate the shortage of Math and Science teachers within this country. Try to use price and non-price determinants as your tools to reach equilibrium.
Compute the industry prices necessary to induce short-run quantities supplied by the firm of 5,000, 10,000, 15,000 tons of sweet peas. Assume that MC>AVC at every point along the firm's marginal cost curve and that total costs include a normal pro..
Developing countries in the "Global South" turned to socialism in the past as a means to solve their economic problems.
Draw a correctly labeled loanable funds graph that shows what happens to real interest rates.
What is the Underground Economy? What effect, if any, does the Underground Economy have on the entire economy? Is it positive, negative, or has no effect?
Demand for DVD rentals at a video store is described by the equation: Q= 4,000-500P, where Q denotes the number of DVDs rented per week and P is the rental price in dollars.
Using two graphs, show consumer surplus before and after government intervention.
A restaurant industry has a market structure that comes closest to
Kenya is a state that is a part of the African Nation. Talk about the exchange rates and their money supply. Also write about whether or not Kenya has a promising future.
Assume the following was overheard at the water cooler: "I think our medical device company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs."
The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram.
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