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Question1) What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Question2) Determine national income (NI) for 2008 and what does national income tell us? Discuss the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
Question3) What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
Question4) Does GDP measure the well-being of society? Why or why not?
Question5) What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?
A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Design a simple econometric research project
The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.
The Australian government administers two programs that affect the market for cigarettes.
Find any differences in the set of variables used in a regression model of demand for customer durable and a regression model of the demand for fast moving consumer goods
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
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.
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