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Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these decisions involve private spending; others involve government spending.
a. Describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education a form of consumption or a form of investment?
b. Describe some forms of government spending that represent consumption and some forms that represent investment. In your opinion, should we view government spending on health programs as a form of consumption or investment? Would you distinguish between health programs for the young and health programs for the elderly?
The single most important health policy choice in the United States over the past four decades has noting. What evidence can you cite to support your position?
q1. the current market price of smith corporations 10 percent 10-year bonds is 1297.58. a 10 percent coupon interest
Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the same value for GDP? Explain why real GDP is a more reliable estimate of economic growth than nominal GDP.
Elucidate the equilibrium price and equilibrium quantity. Suppose the price is currently $2. What problem exists in the economy? What would you expect to happen to price.
q.suppose a firm has the total cost functioncq1002q12q2afind the firms marginal cost functionb find the firms average
1. in recent years consumption spending by households has accounted for about 70 of the total spending aggregate demand
Assume that private schools want to maximize profits and that the market for private schools is perfectly competitive.
suppose that there are two grades of professional football players. there are a restricted number of stars whom the
Case Study - Technology and Economic Change and what are the causes of economic growth in potential output in the long-term? Apply the theory to illustrate and explain your answer with an example.
1. small mistakes are the stepping stones to large failures. how might this saying apply to this lesson as well as do
Elucidate the rationale and the implications of the new guidelines which used by the Department of Justice also the Federal Trade Commission for evaluating proposed mergers.
In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient ( B) is equal to zero ( H0: B 0) versus whether that coefficient is not equal to zero ( H1: B 0).
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