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Artica is a nation with a simple economy that produces only six goods: oranges, bicycles, magazines, paper, orange juice, and hats. Assume that half of all the oranges are used to produce orange juice and one-third of all the paper is used to produce magazines.
a. Use the production and price information in the table to calculate nominal GDP for 2011.
b. Use the production and price information in the table to calculate real GDP for 2009, 2010, and 2011 using 2009 as the base year. What is the growth rate of real GDP from 2009 to 2010 and from 2010 to 2011?
c. Use the production and price information in the table to calculate real GDP for 2009, 2010, and 2011 using 2010 as the base year. What is the growth rate of real GDP from 2009 to 2010 and from 2010 to 2011?
Structures and Functions of Financial Institutions
As you may recall from the readings, money demand rises when the price level rises because people will need more money to make their everyday purchases. For example, if the price index rose from 100 to 140.
Explain the relationship between Cola Magic and Lemon Heaven Soda and explain what affect a 10% increase in the income of the targetmarket would be on the demand for the Cola Magic?
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many manufacturing problems involve the matching of machine parts such as shafts that fit into a valve hole.nbsp a
Submit an international marketing plan on a product (good, service, or idea) approved by the course instructor, integrating the components listed below as the basis for the paper. Describe the product, its features, and benefits.
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Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 ? What is the long-run total cost function when r = 4 and w = 36?
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If the government regulates a monopoly's price below the socially efficient level, then:
you need to responses to this questions about acawhat provisions of aca are intended to reduce or increase directly the
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