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Consider the following data for a closed economy:Y = $11 trillionC = $8 trillionI= 2 trillionTR = 1 trillionT= 3 trillionUse these data to calculate the following:a.Private saving b.Public savingc.Government purchasesd.The government budget deficit or budget surplus How do I figure out govt purchases?
Illustrate by showing the price of a U.S. cell phone in Britain before and after the change in the exchange rate. If you had a business exporting goods to Britain, and U.S. interest rates fell as they have in this example, would you plan to ex..
Graph the individual's budget constraint taking account of both Social Security benefits also the possible withholding of these benefits based on the individual's earnings.
Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.
Suppose that GDP is currently $25,000 and marginal propensity to consume is .50. If autonomous investment increases by $5,000, what will GDP be in new equilibrium.
Explain how do you calculate the actual dollar reserves that must be kept on hand. What activities are responsibilities of the Federal Reserve.
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
What are the values of the slopes of the budget lines shown in the diagram, and what does the slope of a budget line tell us?
Identify 3 types of competition that most firms encounter other than competition from other firms in their industry in their home nation.
Find the effects of the increase in the expected future MPK on current output and prices from the AD-AS diagram based on the misperceptions theory. What accounts for the difference with part a?
Why might leasing a new Porsche be good investment for an aspiring Hollywood film producer, even though, he can't easily afford the monthly payments.
Assume the annual demand for liquor in Mississippi. The supply of liquor is given by the equation Qs= 30,000P. Solve for the equilibrium annual quantity and price of liquor.
Illustrate how increase in human capital affects production function. Blue line (circle symbols) in graph below shows production function.
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