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Question: The ratio scale: Plot the following scenarios for per capita GDP on a ratio scale. Assume that per capita GDP in the year 2015 is equal to $10,000. You should not need a calculator or computer program. Use the Rule of 70 to label the value of per capita GDP on the graph in the years listed below.
(a) Per capita GDP grows at a constant rate of 5% per year between 2015 and 2085.
(b) Per capita GDP grows at 2% per year between 2015 and 2085, speeds up to 7% per year for the next 20 years, and then slows down to 5% per year for the next 28 years.
(c) Per capita GDP grows at 7% per year for 50 years and then slows down to 1% per year for the next 140 years.
Write a report outlining what firms need to do in order to bring in the most talented people (from anywhere) and make the fullest possible use of their abilities.
The problem is belongs to Economics and it is clarify increasing the price of products in a monopolistically competitive market. Whether or not the increase in price can increase the profits have been discussed in the answer.
A. What was the annual inflation rate between year 2007 and 2008? B. A person took out a one-year loan of $550 from the bank in 2007 and repaid $594 in 2008. What was the annual nominal interest rate between 2007 and 2008? What was the annual real ..
How much time should be spent studying for each class? That is, maximize GPA by determining E* and U* subject to the 12 hour study time constraint. Did this allocation of study time maximize or minimize your GPA?
Subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase? What if she only had $3.00 to spend?
let us consider a hypothetical economy that is described by the equations shown belowc 300 0.75 yd - 300 rt 100
Calculate the PV present value of the two bonds and Which bond should Bart buy?
Question - Discuss efficiency and International Trade (domestically and globally)? Look at the pros and cons for developed and evolving economies
I always like to hear the feedback from students about what are some of the challenges they face in the economic concepts. This makes the class advance in the future.
Do you think firms should earn an economic profit and monopolists always charge the highest price possible and earn short run economic profits. Why is this? If you disagree explain.
Explain the logic underlying the law of one price and the theory of purchasing power parity. How will a decrease in the federal government's budget deficit affect the equilibrium interest rate in the bond market? Explain using the bond demand and sup..
How would retail sales affect the country's GDP and what else might you predict (that could affect GDP) to increase based on retail sales increasing?
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