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How can we measure growth over the very long run?
The poorest countries in the world have a per capita income of about $600 today. We can reasonably assume that it is nearly impossible to live on an income below half this level (below $300). Per capita income in the United States in 2009 was about $42,000. With this information in mind, consider the following questions.
(a) For how long is it possible that per capita income in the United States has been growing at an average annual rate of 2% per year?
(b) Some economists have argued that growth rates are mismeasured. For example, it may be difficult to compare per capita income today with per capita income a century ago when so many of the goods we can buy today were not available at any price then. Suppose the tru growth rate in the last century was 3% per year rather than 2%. What would the level of per capita income in 1800 have been in this case? Is this answer plausible?
What the current market indicates and why and what your future goal is. We will probably revisit some of your choices in future modules.
The monetary policy (increases/decreases) the economies demand for goods and services, leading to (lower/higher) product prices. In the short run, the change in prices induces firms to produce (fewer/more) goods and services. This, in turn, leads ..
For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)
As a trader of a commercial bank explain how would I invest $1 million and earn risk free return by engaging in covered interest arbitage.
You can lease the similar piece of equipment, delivered and installed, for an all-in cost of $65,000 per year, for three years, payable at the beginning of each year.
You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.
Define and explain a closed system and an open system and provides examples of both. Explain the inner and outer flows of a closed and open system. Define and explain the leakages and injections in an open system.
Explain how could government make a choice among two health effects.
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Provide one example of a good the US would be considered to have a comparative advantage in producing. Why do you think the U.S. has this comparative advantage.
A corporate bond rated AAA with the same time to maturity as bond Y that trades in a more liquid market than bonds W, X, or Y List the bonds in the most likely order of the interest rates (yields to maturity) of the bonds from highest to lowest.
Describe what your chosen state can do to increase the supply of nurses. Include at least one appropriately cited and documented quotation to support a point.
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