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Suppose an economy's real GDP is $38,000 in year 1 and $41,200 in year 2. What is the growth rate of its real GDP?
(Instructions: Round your answer to two decimal places.)
The growth rate of the economy's real GDP = %
Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
The growth rate of the economy's real GDP per capita = %
Rubax, a United States producer of athletic shoes, estimates the following linear trend model for shoe sales:
What is the probability that the interval [Z-1, Z+1] contains the value 0? e.) What is the probability that the interval [Z-1, Z+1] contains the value 2? f.) What is the probability that the interval [Z-1, Z+3] contains the value 2? g.) What is the p..
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
Calculate the marginal revenue product for each additional unit of labor if output sells for $3 per unit b. Draw the demand curve for labor based on the above data and the $3-per-unit product price c. If the wage rate is $15 per hour, how much labor ..
Assume that the John Smith, the manager of marketing division of Chevrolet at GM, estimated the given regression equation for Chevrolet automobiles:
The prices of five computer stocks increased by 37.2 percent, 1,140.0 percent, 2.7 percent, 842.0 percent and 0.95 percent, respectively since 1990.
Suppose that Saudi Arabia lets other members of OPEC sell all the oil they want at the existing price which the Saudis set and other members accept. The daily world demand for OPEC oil is given by:P = 88 2Q
Suppose the second equation is changed to I = 500. What is the new equilibrium level of income? How much does the $100 increase in investment change equilibrium GDP?
Explain difference between profit maximization and shareholder wealth maximization and determine which of these is a more comprehensive statement of a firm's economic objectives?
Gold Trackers watching the value of precious metals and has daily information on prices and sales of gold for the last many years.
Determine the economic activity that takes place in Underground Economy have any impact upon any Economic Indicator.
Following is a multiple regression in which dependent variable is market value of houses and independent variables are the age of the house and square footage of the house.
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