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Suppose nominal GDP in 2012 was $100 billion and in 2014 it was $220 billion. The general price index in 2012 was 100, and in 2014 it was 140. Between 2012 and 2014, the real GDP rose by what percent?
using relevant diagrams describe the effect of the introduction in a competitive market of a recurring lump-sum tax
Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the Minimize income tax
What could have happened to the economy if the Federal Government had not stepped in to bailed out the AIG? (300-350 words) What do you believe the outcome of the same bailout with be in the next 10 to 20 years? (300-350 words).
Find the equilibrium quantity and price. What is the total health expenditure on the services considered in the demand-supply functions?
Let's say you have a professor who gives 6 tests in the fall semester. You received these percentages: 79, 64, 84, 82, 92, and 77. This professor has decided that he will randomly select two grades instead of averaging all of the original scores. You..
It has been suggested that regulations established to save lives can actually cause a reduction in lives. The theory suggests that regulation increases the costs of goods and services to lower-income groups and as a result of this increase.
Suppose that the reserves requirements for checking deposit is 10 percent and that banks do not hold any excess reserves. A. if the fed sells $1 million of government bonds,what is the effect on the economy's reserves and money supply
If the price of a hardback novel increases from $25 to $30 and quantity demanded falls from 60,000 to 30,000 in response, what is the coefficient of price elasticity of demand using the simplest definition of price elasticity? a. 0.25 b. 1 c...
Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year? Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?
Determine how much of the Social Security benefits must be include in income for a single individual who had $20,000 in dividend income and $5,000 in interest from tax-exempt bonds in addition to receiving $10,000 in Social Security benefits.
Supply a member function comes_before that tests whether one address comes before another when the addresses are compared by postal code.
Using the 3-graph model developed in chapter 14, consider first the impact on the demand for loanable funds. If businesses respond as expected to the investment-tax credit, what will happen to the demand for loanable funds Given this, what, if any..
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