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Discuss the concept of GDP, and calculate the GDP from the following information. you should calculate the GDP by the three methods (production, income, and expenditure)
tea farm
Salary and wages
30,000
Tax
2,000
Revenue from selling tea
100,000
Selling tea for public
Selling tea for Ice tea Co.
20,000
Selling tea for lemon tea Co.
50,000
Ice tea Co.
tax
4,000
Tea from tea farm
Revenue from selling Ice tea
200,000
Selling Ice tea for public
150,000
Selling Ice tea for lemon tea Co.
Lemon tea Co.
70,000
8,000
Ice tea from Ice tea Co.
Revenue from selling lemon tea
400,000
Selling lemon tea for public
Selling lemon tea for Effat
Effat
3,000
Lemon tea from lemon tea Co
Revenue from selling
700,000
Explain what does the transaction of a buyer and seller directly affect a third party. Is the effect a negative or positive externality.
in the late 1960s milton friedman and edmund phelps argued that there was not a structural relationship between
Where Q is millions of subscribers What is the total cost function? What is the marginal Cost function?
you want to invest in a hot dog stand near the ballpark. you have 0.35 proability that you can turn your currnt 15000
According to Gerald Baker, columnist for London Financial Times, November 23, 1999, "In the US, banks are, by whichever measure chosen, in unusually good shape for this stage of an expansion.
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
Get a copy of the latest Federal Reserve bulletn at your library and find out the most recent data on m1, m2 and m3. How have these aggregates been growing in the past year compared with the values? (Dean Croushore, Money and Banking).
These costs are depends on a budgeted volume of 80000 units developed and sold every year. Lafluer uses cost-plus pricing methods to set its target selling price.
Illustrate what are the pros and cons of regional trade areas such as the European Union and NAFTA.
The New York Times reports that Wal-Mart has decided to challenge Netflix and enter the online DVD by mail market. Because of economies of scale, Wal-Mart has a slight cost advantage relative to Netflix. Wal-Mart is considering the use of a limite..
Among which method of encouraging growth would one suggest for these typical companies in these 2 countries.
Consider a market-clearing economy in which output (Y 1 )depends only on the capital stock (k 1 ) and an exogenous productivity variable ( θ1 ) according to the production function y1 = θ 2 f(k 2 ).
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