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Compare and contrast the expenditure versus income approach to GDP. Why are the results the same? What are some of the drawbacks of using GDP to measure economic well-being?
While researching the drawbacks of GDP, we uncover shortcomings. For example, the GDP number does not take into consideration leisure time or human health costs. If you had to create an instrument that measured the prosperity of a nation, what would be the three most important aspects of the society you would include? For example, would it be: 1) total earnings of the country, 2) environmentally friendly factories and equipment, 3) the health of the population? Discuss why you made these choices.
Elucidate how much they can accumulate over 25 yrs if they move the money into a money market mutual fund earning 5 percent.
Elucidate how much the money supply will increase in response to a new cash deposit of $500 by completing the accompanying table.
What is the impact of the trade surplus or trade deficit upon the interest rates and currency exchange rates.
Distinguish between the Federal funds rate also the prime interest rate. Why is one higher than the other.
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
a competitive industry is comprised of 15 identical firms, each with a short-run total cost function
Take a position on whether or not companies benefit from using a structured profit approach to calculate their profits. Provide an explanation of your position with at least two examples or scenarios of the use of such an approach.
If there are n firms in the marketplace also every firm charges p. Illustrate what is total producer surplus.
Illustrate what is Nurd's equilibrium evel of income. Illustrate what is likely to occur in the coming months if the government takes no action.
Illustrate what determines whether or not economic efficiency is achieved. What determines whether or not economic efficiency is achieved.
Explain why are changes in inventories included as part of investment spending
Find the quantity that maximizes the profit of the monopolist, the profit of the monopolist and the corresponding domestic and international price.
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