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GDP is one of the most important quantitative measures of the health of the national economy. United States GDP statistics are among the most accurate in the world, but they still have limitations.
Explain at least two limitations of the use of GDP in aggregate accounting
suppose that a consumer has a cobb-douglas utility functionuab a? b1-?where a and b are consumption of environmental
What legal remedy does Sussie have and clare is Max's wife, but after marriage difficulties they have recently separated. Clare has just received a letter from Zio stating that her services are no longer required.
Discuss the factors that led to deregulation of U.S. financial markets in the 1980s. Your response should be at least 75 words in length.
Consider the following model of a closed economy (Smallville): MPC = 0.8 - 0.01Y (marginal propensity to consume) C = MPC x YD (consumption function) YD = (Y - T) (disposable income)
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
A monopolist produces according to the following demand curve: p=200 - 4Q. Assume that the firm faces a constant marginal cost and constant average total cost of 60 per unit produced. A.calculate the optimal output that this monopolist should prod..
Suppose that prisons historically have required prisoners to perform, without pay, various cleaning and food preparation jobs within the prison. Now, suppose that prisoners are offered paid work in factory jobs
There are two types of consumers of potatoes: 10 are rich and 50 are poor.Interpret the differences between the demand of the rich and the demand of the poor.
Who has the absolute advantage in catching fish? What is Friday’s opportunity cost of gathering one coconut?
Illustrtae what are the nominal rates of interest for both the United States and the euro area?
Key sets of labor market information include the monthly employment and unemployment numbers. The Current Population Survey (CPS) produces employment and unemployment statistics for the United States. All adult respondents are classified as employ..
Describe the key components in the structure of the Federal Reserve and how they are linked together. What role does the Chairman of the Federal Reserve play within this structure Of the tools that the Fed controls, pick one tool.
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