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For this homework assignment you will study current GDP data and answer a series of short essay questions.
Access the Bureau of Economic Analysis Website:
Study real GDP growth rates and their components for the four most recent quarters and complete the following:
Identify and explain the components that comprise GDP and their relative contributions to GDP.
Describe the recent rate of real GDP growth.
Identify and analyze the factors that have driven growth (or the lack of growth) in real GDP.
Identify any recent events or changes that have caused an increase in GDP but not a correlating increase in our nation's standard of living.
Forecast real GDP growth over the next year and explain your answer.
Compute and interpret the compensating and equivalent variations for this tax.
In 2008 the Fed initiated a program called QE or quantitative easing to try and stimulate the economy. Using a fully labeled aggregate demand and supply graph, show what the objective of this program was. Explain what the new equilibrium point m..
After 17 vehicular accidents two years ago in a given intersection, the mayor of Boulder proposed to reduce the number of crashes by making improvements at the intersection.
As a portfolio manager whose company has investments in a country with a high level of debt what would you do to raise your companies profit or protect their interest if;
The Economist magazine uses prices of McDonald's Big Mac hamburger to calculate the PP values for currencies. The following data are taken the January 2015 Big Max Index.Bug Mac Price in Local CurrencyUS USD$4.79
Assume Firm Y's production function is given by the following Cobb Douglas equation: Q = 0.5 x L0.6 x K0.5 where L denotes labor and K denotes capital. a. Does the production function exhibit increasing, decreasing or constant returns to scale.
Develop an in-depth analysis and evaluation of the Government Accountability Office's planning, organizational design, decision-making process, and implementation and then provide recommendations for improvement. Therefore, you will conduct..
Assume you own a home re-modelling company. You are currently earning short-run profits. The home re-modelling industry is an increasing-cost industry.
This seems to have reversed itself somewhat in recent years. Illustrate what factors might have been at work.
Suppose that a country has a debt-to-GDP ratio of 64%. The growth rate of real GDP is 3%. Assume that seignior age is zero and the real interest rate is 2%.What primary deficit as a percentage of GDP would be required to make fiscal policy sustainabl..
An employee was suspended pending discharge for sleeping and loafing on the job. The employer offered to change the penalty to suspension without pay if the plantiff would sign a last chance agreement
What would it not be better to nationalize public utilities as some European countries have done. Explain.
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