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How do we know that calculating GDP by the expenditure approach yields the same answer as claculating GDP by income approach
Using knowledge of aggregate demand and aggregate supply, can you explain what happened in these two time periods?
Suppose you are a junior analyst at a well-known mutual fund corporation and are assigned to value, say, the stock of General Electric.
University of Florida engineering students are planning operating a mobile car clinic in Gainesville, Florida, during their summer break. This is an option to summer employment stacking plastic cups
What are some of the problems in using fixed weights to compute real GDP and the GDP price index? How does the BEA’s approach attempt to solve these problems?
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,
You manage Gofer Delivery Services. You rent a truck for $50 a day and each delivery takes an hour of labor time. The hourly wage is $8. Draw a curve showing the relationship between the number of deliveries on the horizontal axis.
With the help of an AD-AS diagram, explain the effect on the price level and real GDP. Use an upward sloping AS curve and be clear about the interconnections among markets.
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them
Suppose that the labor market is segmented into two industries: SlowGo and HiTek. Initially, both markets are in equilibrium and the same real wage clears in both markets. Managers learn the GWMacro consulting team about efficiency wages.
Suppose that rich countries surprisingly commit to much higher official aid, to be maintained for several decades. What would be the effect of such aid on?
Suppose the French suddenly develop a strong taste for California wines. Answer the Following with words and a Diagram:
Which are preferable and why, fixed, flexible, or a mixture of the two exchange rates. What nation have officially dollarized their economies.
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