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If the average worker produces $90,000 of GDP, by how much will GDP increase if there are 125 million labor-force participants and the unemployment rate drops from 9 to 8.5 percent?
GDP per worker rose 4% last year. The labor force grew by 2.2%, employment rose by 1.9%, the stock of capital expanded by 4.8%, and the share of capital income in GDP was 35%. Compute the growth of total factor productivity. Show any workin..
Which of the following is NOT a condition for price discrimination? Different groups of consumers should be charged differing prices for the same product. The firm's demand curve should be downward sloping.
john gardener is the city planner in a med size company. the city is considering a proposal to award an exclusive
law and the court system the law firm for which you work is in the state of louisiana and is in the process of
draw on the reservation prices provided in question 6 and assume mixed bundling.suppose the bundle price is set at 3
What is Tom's 'real' hourly wage rate? How much will it be if he had 128 hours of leisure (= worked 40 hours)d. Tom chooses to work 40 hours a week. On the above graph, draw Tom's indifference curves between leisure and money so that this is his opt..
what is the difference between scarcity and rarity? do bill gates and donald trump face scarcity and if yes how so?
The government can increase GDP in the short run by running a budget deficit. What are some long-term effects of deficit spending?
1.nbsp as a consequence of the problem of scarcitythere is never enough of anything. individuals have to make choices
Suppose the marginal utility of good a is 4 times that of good b but the price of good a is 2 times that of good b, is this point consumer equilibrium?.
demonstrate graphically the cost of income taxation of 30 to consumers and producers for an income of 27908?how does
Draw a production possibilities curve (PPC) with an aggregate gauge of medical services Q, on the horizontal axis and an aggregate measure of all other goods and services, Z on the vertical axis. Discuss the implications of the following changes on t..
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