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Why is it important for a country to calculate their GDP and release this information to the public? Would it matter if they only reported nominal GDP and not real GDP? The calculation of GDP does not include everything, such as non-market and illegal activities; explain the relative importance of this for a country.
Explain in a nontechnical way why demand is elastic in the northwest segment of the demand curve and inelastic in the southeast segment.
A firm in perfectly competitive 'industry has this cost function: TC = 900 + q^2-If market demand is QD = 1800 - 20P, what is the long-run equilibrium price, quantity produced by the firm and the industry, and the number of firms in the industry?
What is the total amount of US government debt as of the time you look it up?
Suppose the price elasticity coefficient anticipation of the Christmas season. Estimated 4th quarter sales volume will be.
Important information about Regression anaylsis. Compute the equilibrium price and quantity.
Say if the following statement is true or false and why-Exports depend only on the demand of foreign countries for our products and therefore our exporting
Calculate the predicted change in tickets sold if the price were raised to $11. Also elucidate the expected change in total revenue.
Explain how can the abolition of cash fight inflation and reduce unemployment.
Engineers at the national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline.
In the country of Wiknam, the velocity of money is constant. Real GDP grows by 5 percent per year, the money stock grows by 14 percent per year, and the nominal interest rate is 11 percent. What is the real interest rate?
If the reserve ratio is 15 percent and commercial bankers decide to hold additional excess reserves equal to 5 percent of any newly acquired checkable deposits, then the relevant monetary multiplier for the banking system will be:
Explain how each of the following will affect the relative values of the dollar and the euro:
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