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Prepare a 4-6 page analysis by answering the questions below. Be sure to cite your references using APA format.
Based on the information contained in the textbook and on the Web site above, answer the following questions:
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
Does GDP measure the well-being of society? Why or why not?
What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?
a consumer of two goods faces positive prices for both goods and has positive income. her preferences over consumption
Consider the marketplace for personal computers. Suppose that the demand is stable: the demand curve doesn't change.
What are the effects of an appreciating/depreciating exchange rate on the balance of payments? exchange rate on the balance of payments.
If the economy characterized by the production possibilities table were producing 3 automobiles and 20 forklifts, what could you conclude about its use of available resources ?
If a local movie theater sells tickets at different prices (senior citizens versus young people, matinee versus evening prices) is the local movie theater a monopoly What about the concession stand inside the theater
suppose the microchip producer faces demand and cost equations given by q 8.5 - 0.5p and c 100 38q. choosing to treat
The second payment will be made twenty-seven months from today and will be twice the size of the first payment. The third payment will be 2.5 times the size of the first payment and will be made in 3.5 years. Determine the amounts Petra will pay u..
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
60% of the youth between 18 and 30 in Detroit are unemployed, have not completed high school, are at various levels of functional illiteracy, without job skills,
An asset cost $120 today. you will hold it for one year then sell it. there is a 25% chance that it will be worth $100 in a year, 25% chance it will be $115 in a year and a 75% chance it will be worth $140.
Describe departmental cost driver rates depends on direct labor hours for assembly also machine hours for cutting.
Give and discuss (1) some examples of goods whose production creates detrimental externalities, (2)some examples of goods whose production creates beneficial externalities, and (3) some examples of the free rider problem.
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