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Important information about annual growth rate
In 1955, the last year when social security payments included only old-age payment (before disability) payments that year totaled $4.9 billion. For 2001, the figure was $433 billion (excluding Medicare, which was another $218 billion). During that period, the CPI rose at an average annual rate of 4.2%, and the number of people over 65 rose an average of 2.0% per year. What would social security have been in 2001 if the program had not expanded after 1955; i.e., if the only increases were due to inflation and population? Now suppose the CPI had been overstated by 1.1% per year. What would social security payments have been in 2001 if the actual rate of inflation had been used?
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
What do you regard as the main weaknesses of the Ricardian or Classical model as an explanation of the trade patterns? Why do you regard them as weaknesses?
Elucidate recommendation should be provided to each state to maximize revenue. Which state was most likely to be following a political unsupportable policy.
Illustrate what is the number of kilowatt hours of electricity produced and what is the price that the company will charge.
The Hanover Manufacturing Company believes that the demand curve for its product is P = 5 - Q-Evaluate the wisdom of the firm's pricing policy
Do you think we, as customers will be more price sensitive also price conscious. What do you think this means for luxury goods.
What is the profit-maximizing price for this firm? On the graph show the area, which area represents the net loss to society resulting from the monopoly power conferred by the patent?
Offers automobile brake analysis also repair at a various of outlets in the Philadelphia area.
If the MPC = 0.94, C 0 = 45, I = 150, G = 125, T = 75, X = 50 & IM = 60: Write out the consumption function. Compute the simple multiplier.
Compute the implied arc income elasticity of demand. Holding all else equal, would a further increase in price result in higher or lower total revenue.
Explain how have these people changed monetary strategy, fiscal policy also laws that govern businesses since the collapse of the economy.
Elucidate whether current economic conditions are more consistent with the Keynesian or classical economic theories.
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