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2008 2009
Population 800,000 808,000
Number of hours worked 2,000,000,000 2,000,000,000
Real gdp 12,000,000,000 12,362,400,000
Real gdp per capita
Labor productivity
What was the growth rate of the population between 2008 and 2009, round to the nearest percent ?
Explain the term demerit goods and give examples of this and what are externalities? What are positive and negative externalities?
Determine the economic advantages or disadvantages, for the United States speaker company Bose, to start a distribution center in the Czech Republic?
Compute the elasticity for each variable and briefly comment on what that data gives you in each case.
Determine national income (NI) for 2008 and what does national income tell us? Discuss the difference between GDP and NI?
Scores of high school students on a national mathematics exam in Egypt were normally distributed with a mean of 86 and a standard deviation of 4.
The Australian government administers two programs that affect the market for cigarettes.
The supply curve for product X is given by QXS = -520 + 20PX . a. Find the inverse supply curve. P = + Q b. How much surplus do producers receive when Qx = 400? When Qx = 1,200
What is the risk (standard deviation) that this investment manager has assumed in his calculation if it is known that returns are normally distributed with a mean of 5.6%?
Use the given equation and determine the demand equation as a function of Ps if the price of other pastas (Po) is $2,
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
The European Engine Corporation is a multi-national producer of small gasoline and diesel motors. European Engine Corporation has estimated the following cost experience for a new 3.5 hp engine over a sample of 122 observations,
The presence of autocorrelation leads to all of the following undesirable consequences in the regression results except:
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