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Which of the following best measures how the level of well-being in a country has changed over time?
level of nominal GDP per person.
growth rate of nominal GDP.
growth rate of real GDP.
growth rate of real GDP per person.
Suppose that in year 2008, the money supply is $400 billion, nominal GDP is 9 trillion, and real GDP is $4 trillion. Illustrate what is the price level. What is the velocity of money.
A market has a demand curve described by P=26-Q, a supply curve described by P=10+Q, and a price ceiling of 12. Calculate the Total Surplus of the market with the price ceiling.
Explain how much money willyou have earned when the bond reaches maturity in five years.
As the number of workers at each factory increases, which factory will experience diminishing returns first.
Consider the two-period consumption model of borrowing and saving. Suppose Claire has an income of m1 today and m2 a year from now and can borrow and lend at the interest rate r. She chooses consumption levels c1 and c2 given her well-behaved prefere..
Suppose which Sam is now growing wheat on enough land to produce 7,000 bushels of wheat. Illustrate what is the opportunity cost.
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
q. firms a and b compete as cournot duopolists in the cola market. the demand and marginal revenue are given by p 200
Suppose for an economic activity, your total benet and total cost functions are B (x ) = 654x - 40x2 and C (x ) = 110x +120x2 , respectively. The corresponding marginal formulas will be MB (x ) = 654 - 80x and MC (x ) = 110 + 240x . What is your best..
q1. the happy crystal bank of kowloon lends money to risky businesses. the risk premium it charges on its loans is
Define actual and potential, expenditures, taxation, aggregation supply, aggregation demand, AS curve, AD curve. Equilibrium of AS and AD sources of long-run economic growth
q. gains from trade will result if a country specializes ina. the goods in which it have a comparative advantage.b. all
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