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The annual rate of growth of real GDP in a developing nation is 0.2percent. Initially, the country's population was stable from year to year. Recently, however, a significant increase in the nation's birthrate has raised the annual rate of population growth to 0.6percent.Calculate the rate of growth of per capita real GDP before the increase in population growth.. (Enter your response as a percentage rounded to one decimal place.) If the rate of growth of real GDP remains unchanged, calculate the new rate of growth of per capita real GDP following the increase in the birthrate.. (Enter your response as a percentage rounded to one decimal place.)
The Law of Demand states that the demand for a product is inversely related to the price of such product. Therefore, the demand for a product is considered downward sloping. This implies that quantity demanded increases when price decreases. Is th..
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
Provide 3 advantages and 3 disadvantages of using SIEM systems for security in business environments. Do you consider SIEM systems sufficient for information assurance? Explain why or why not.
What output level would the firms short run and long run average costs be the same - Explain the pattern of the marginal product of labor.
Illustrate what sectors of the economy are likely to expand or recover in the near future. Illustrate what sectors may be the most vulnerable in the next year.
Briefly state and evaluate the problem of time lags in enacting and applying fiscal policy. How might "politics" complicate fiscal policy How might expectations of a near term policy reversal weaken fiscal policy based on changes in tax rates
In 250 - 300 words discuss the pros and cons of free trade.
Flicker has estimated that the demand equation of a typical subscriber is P = 12 ? 2Q, where Q is the number of monthly on-line video rentals. The marginal cost of each on-line video rentals is $2 per month. How much should Flicker charge per on-line..
for the nation as a whole the expansion of production of one product must involve a decrease in the availability of the other.
If the market for unskilled labor is highly competitive, what would a minimum wage legislation do to their level of employment? What remedies do you propose if the market fails to provide adequate income?
Why is advertising prevalent in many oligopolies, especially when industry demand is inelastic. Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2.
Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million..
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