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Carl paid $40,000 to the City of Hollywood for general revenue bonds. During the current year, he receives $2,300 interest income from the bonds. Market interest rates drop causing the value of the bonds to increase so Carl sells the bonds for $43,000. How much gross income must Carl report for the year?
Year Nominal GDP(in billions) GDP Deflator(base year 2005) 2009 $14,256 109.8 1999 $9,353 86.8 1. What was the growth rate of nominal GDP between 1999 and 2009? Round your answer to one decimal place.
Assume you observed an acquisition through diversifying company and that the aftermath of the deal included plant closings, layoffs, and decreased compensation for some remaining workers in the acquired company.
Explain how the Central Bank can set the nominal interest rate in the money market. In addition, explain how it can use expansionary monetary policy to boost GDP if the economy is in a recession.
Suppose that individual forecasts of a particular interest rate are normally distributed with a mean of 10 percent and a standard deviation of 1.6 percent. (Round k, Q1, and Q3 to three decimal places, and round percentages in part a to the neares..
If the price set is the profit-maximizing price, elucidate the price elasticity of demand for calculators faced by the plant.
The question is what is the maximum probability of last thing happening (-$10 million) that will induce the person to vote for action.
Illustrate one half the present value of a $30,000 annuity for 30 years when discounted at 4 percent.
Your production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100..
Identify and define three components of a country's balance of payments. Describe the historical process of trade barrier reduction.
Assume labor is the only cost of production and labor coefficients (hours of labor required per unit of output) in MACONDO and KRYPTON for each good are as follows:
The following item appeared in a major daily newspaper: does this observation in fact violate laws of supply and demand.
In making a decision about whether to increase its advertising budget the firm management should not consider Answer the added revenue from increased sales the added cost of producing more goods for sale. interest payments on the firm's loan.
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