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Q1. Elucidate how do the GDP per capitals change after accounting for price indices? Explain why is it significant to use price index adjustments?
Elucidate how price index adjusts your nominal income?
Q2. Use the tools of economic analysis to support your answers.
1st recognize the taxes you currently pay. What do you think you pay your fair share of taxes? Why or why not? How would you conclude the notion of "fair share"?
2nd use your favorite search engine to examine the GDP annual growth rate of three countries. Which country has the major growth rate? Would you live in the country with the highest growth rate? Why or why not? Be specific.
Suppose a nation picks 1000 young adults at random to serve in the army. Illustrate what information do you need to determine the cost of using these people in the Army.
Suppose that inflation is 2 percent, the Federal funds rate is 4 percent, and real GDP falls 2 percent below potential GDP. According to the Taylor rule, in what direction and by how much should the Fed change the real Federal funds rate?
Elucidate how the effect of this graph on the country's production possibility frontier. Explain Illustrate what occurs in the graph.
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
Elucidate what prices he should charge in two markets. Illustrate quantities be should sell in the two markets.
Explain the effects of monetary policies on the economy's production also employment
How would you design a specific customized compensation plan for Agent-Principal (owners, managers also workers) which would address both increased productivity also decreased turnover.
What is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending, interest rates.
Ralph Sampson, the company's CEO, want to cut back on production of the fishing anchor so that the company can make more yacht anchors.
List several ways that people and businesses in the green movement are participating.
Differentiation strategies vary in degree of effectiveness from one type of market structure to another. For firms other than perfect competition
Sam sells shavers also Alvin sells after cut off. Imagine Sam discovers a new production technique that lowers his costs of production.
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