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The manager of Big Oil Company in Mandeville tells investors that at the end of 2006 they had gasoline in inventory worth $446. In 2007, Big Oil produced gasoline worth $353 and sold gasoline worth $217. How much did Big Oil add to Mandeville's GDP in 2007?
q1. suppose that the government cuts taxes in response to a recessionary gap but because of legislative delays the tax
Why is productivity related to the standard of living. In your answer be sure to explain what productivity and standard of living mean. Make a list of things that determine labor productivity.
At what price is the price elasticity of demand equal to zero? When the price elasticity of demand is equal to 1, what will be the quantity demanded at this point?
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed?
Contrast comparative and absolute advantage. Is it possible for a country to have a comparative advantage in producing a good without also having an absolute advantage? Explain.
Describe some forms of government spending that represent consumption ad some forms that represent investment.
illustrate what prevented the villagers from reaching this higher-income allocation of resurces when they acted independently
At present, the original manufacturer is deciding either they should continue production of toy truck.
Illustrate what kind of gap-inflationary or recessionary-will economy face after shock and illustrate what type of fiscal policies would help move economy back to potential output.
If you were to learn about a bottle of gatorade increased in size from 2009 to 2010, should that information affect your calculation of the inflation rate. If so, how.
A producer would not remain in Stage 1 because APP
Laptops have also become easier also cheaper to produce as latest technology has come online.
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