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Indicate whether each of the following is counted in this year’s GDP:
You bought a new Wii at GameStop last year and resold it on eBay this year.
You purchase an “Investing for Dummies” book at Barnes and Noble.
You purchase a historic home using the services of a real estate agent.
You detail your car so it is spotless inside and out.
You purchase a new hard drive for your old laptop.
Your physical therapist receives $300 for physical therapy but reports only $100.
q1. the government is involved in providing many goods and services. for each of the goods or services listed determine
A company named Highway Data has been given a contract to install highway information signs along a 500 mile portion of interstate 555. The signs will be placed at the end of each 10 mile section. The signs cost $138 each. Data fiber optic cable comm..
Prepare a Cash budget for the Quarter ending 30th September 2014 and prepare a schedule of cash receipts from debtors for the period ending 30th September 2014.
A recent study indicates to the long-run average cost curve for cellular telecom companies are basically flat. Illustrate what do you expect to happen to industry output.
Although there seems to be a great demand for your bread, why would productivity decline when you hire more labor in the short run?
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
Workers actively demand pay increases when the price level is rising and are willing to accept pay cuts when the price level is falling, then the short-run aggregate supply curve would be:
Suppose the market demand function (expressed in dollars) for a normal product is P = 480 – 4q and the marginal cost of producing it is MC = 2q, where P is the price of the product and q is the quantity demanded or supplied. How much would be supplie..
What is your interpretation of the phrase “act local, think global”? How would you use this knowledge as a global leader?
How many skateboards should be manufactured? Why?
assume that isoland has a closed economy. Isoland national investment is $50,000,000, its private saving is $60,000,000 and its taxes minus transfer payment equal $65,000,000. Explain how much are islonad's government purchases.
Suppose that doctors' visits cost $20, and the typical consumer has an income of $100. Consumers spend all of their incomes on doctors' visits and a "composite good" that costs $1 per unit. Draw a graph that illustrates the consumer's budget constrai..
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