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Economic Growth Rate
If the Real GDP in 1 year is $350 billion and it is $361 billion in year 2, what is the economic growth rate equal to? Write down your math calculations. Show to 6 decimal points.
Assume that the price elasticity of demand for good. Describe how much consumption changes.
Fastly Delivery Corporation has two divisions.
What are the effects of an appreciating/depreciating exchange rate on the balance of payments? exchange rate on the balance of payments.
Define the following in three senctence minimum definition.
You have been hired as a plant manager for a firm that produces widgets (Q) in Angola, Indiana. Widget production requires machine time (K) and labor time (L).
Explain how is the United States doing in the most recent quarter compared to Japan, the Euro Area and Canada in terms of production and employment.
Discuss the role of the Federal Open Market Committee in conducting monetary policy.
Assume as a professional economist debate about the wisdom of pursuing discretionary fiscal policy.
Elucidate the maximum amount that would pay for an asset that generates an income
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Assume two firms, A and B, serve a market with demand D(p) = 100 - p. Assume that (i) they have identical cost functions, c(Q) = 5Q,
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