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GDP explained in this answer
I am wondering if GDP per capita in a country like Switzerland can have a low GDP per capita but still have a high standard of living, as compared to say the US GDP per capita. If this were true, what could we say further about GDP per capita.
Mention and explain the two types of inflation. Which sort of inflation would most likely be associated with the negative GDP?
Assume that the nominal wage rate equals 60. In the short-run, aggregate demand and aggregate supply are equal at a price level of 1.0.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Vera is an impoverished graduate student who as only $100 a month to spend on food-Explain why Vera's preferences are of a very special type here. How would you graph them?
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
skills are required for current also future employees to possess for the organization to be successful
E;lucidate whether each among the subsiquent is an example of an automatic fiscal stabilizer.
Illustratr what is the Keynesian solution to a recession or depression. Explain how does the Keynesian multiplier work.
The manager of a national retailing outlet recently hired an economist to estimate the firm's production function. Based on the economist's report, the manager now knows that the firm's production function
Describe and graph (using AD/AS framework) an example in today's news of fine tuning economy. Assume the MPC in an economy is 0.8, the APC is 0.8 and disposable income is $9 billion. If disposable income increases to $14 billion, what is the new le..
In each of the cases listed below determine what this consumer needs to do (in terms of purchasing X and Y) to maximizes their utility.
This product, called Red Hat Linux, is a potential replacement for UNIX and other well-known operating systems. If you were in charge of pricing at Red Hat, what strategy would you pursue? Explain.
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