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Let B1(hat) and B2(hat) denote the estimated regression coefficients from a sample of size n for y = x1B1 + x2B2 + u.
Show that b1 = B1(hat) + (X1TX1)-1X1TX2B2(hat)
where b1 is the coefficient estimate from the regression of y on X1.
Illustrate is the point cross elasticity among steel and aluminum. Are steel and aluminum substitutes or complements
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
Explain why would economists be very concerned if the annual interest payments on the debt sharply increased as a percentage of GDP.
Short term Treasury bills [3 and 6 month] have current annual rates of interest around 0.5%. Use that info plus your best forecast of inflation to calculate the real rate of interest on those bills.
Elucidate what is your interpretation as to whether or not capital gains taxes should be raised or lowered.
If the government starts welfare policy which pays B to all non workers and 0 to all workers, at what value of B will Mike opt out of the labor force and go on welfare?
Provide reasons to explain what the government would have to do to keep the unemployment rate
Discuss and estimate the price elasticity of demand for a good or service of your company, or a company of interest to you
Many states give companies with an investment tax credit that effectively decrease the value of capital. In theory these credits are designed to stimulate new investment and thus create jobs.
This solution will focus on the negative impacts of NAFTA from two main fronts: the negative impact on trade and negative impact on employment.
When planning the process of preparing a bank reconciliation it is noted that under normal circumstances only one section of the examine may generate additional entries on the books of the account holder.
Examine the basis for trends in consumption patterns as discussed in the article. In your examine, think the utility derived from the products mentioned in article,
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