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Income Approach to GDP. How does the income approach to measuring GDP differ from the expenditure approach? Explain the meaning of value added and its importance in the income approach. Consider the following data for the selling price at each in the production of a 5-pound bag of flowersold by your local grocer. Calculate the final market value of the four.
Stage of production sale price
Farmer $0.30
Miller 0.50
Wholesaler 1.00
Grocer 1.50
Explain your first instinct is to call the trade representative of your country to lobby against the import quota. Is following through with your first instinct necessarily the best decision.
As Bavarian Crystal Works is only one for many crystal producers in the world market, it can wholesale as many of the decanters as it wishes for $50 apiece.
If Englad can produce either 15 units of corn or 30 sweaters in one unit of labor and Portugal can produce 10 units of corn and 5 sweater in one unit of labor as well, explain how would each nation benefit (numerically) from trade.
Which of the following hedging strategies involves a loan without a futures contract.
Describe the Schumpeterian notion of "creative destruction"
Is the student necessarily better or worse off than before from such a transfer implied by consultant A.
Describe the industry and explain the general pattern of change of the particular market model.
Why are incomes so much more unequal within poor nations that within rich nations generally
Explain how will the bank respond to the withdrawal. Suppose that the bank responds to insufficient reserves by reducing the amount of deposits it holds until its level of reserves satisfies its required reserve ratio.
Which information culture can cause an organization to have a great degree of difficulty operating.
Suppose the demand curve for a monopolist is q=500-p, and the marginal revenue function is mr=500-2q. The monopolist has a constant marginal and average total cost of $50 per unit. Elucidate what is the lerner index for this industry.
At a market price of $50 a batch, illustrate what quantity does Lin's produce also what is the firm's economic profit in the short run.
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