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"GDP" Please respond to the following:
In view of the weak economy of the last several years, explain which of the four (4) components of GDP had, or is having, the greatest positive impact in our economy. Use the following historical tables to support your response.
Go to the Bureau of Economic Analysis at www.bea.gov Navigate on the home page to where it states "National," then select "Gross Domestic Product". Next, select "GDP and the National Income and Product Account (NIPA) Historical Tables". The direct Web address is https://bea.gov/national/index.htm#gdp
Answer whether the following statements are true or false, explaining your answer in each case.
Do you think lotteries have both micro and macro economic effects or only micro. how do lotteries change what and for whom goods and services are produced.
play the social security game to solve the social security problem. detail your choices noting the whys of your choices
Why would a nation such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations?
The supply function above, what is the relationship between good X and good R? Explain.
Many demographers predict that the United States will have zero population growth in the twenty-first century, in contrast to average population growth of about 1 percent per year in the twentieth century.
Explain how our allocation of time resembles the way the nation or other firms allocate scarce resources (land, Labor, Capital and Entrepreneurship
a factory benefits from discharging effluent q into a lake. the marginal benefit function is given by 60-2q. the
Assume the MPC to be 80% (.8) and based on your information in 1 and 2 above calculate the impact of the change in Government Spending, G, or the change in taxes, T, to determine the maximum possible change in real GDP in the economy. CLEARLY SHOW..
Over what range of labor input is marginal product minute than average product. Illustrate what is happenning to average product as employment increases over this range.
What are strengthen or weaken the argument that monetary policy should be the primary tool for smoothing the business cycle.
The labor market is traditionally protected by union in many industries such as automobile and K-12 education (public schools) What are the pros and cons of unionizing a workforce What about minimum wage rate What are the pros and cons
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