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In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of numbers. Show that the expenditure approach and the income approach add up to the same figure.
Consumption $5,000
Investment 1,000
Depreciation 600
Profits 900
Exports 500
Compensation of employees 5,300
Government purchases 1,000
Direct taxes 800
Saving 1,100
Imports 700
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
Why is investment spending unstable? How is it possible for investment spending to increase even in a period in which the real interest rate rises?
Starting with estimated demand function for Chevrolets given Problem 2, suppose that the average value of the independent variables changes to n=225 million,
An analyst locates a study that estimates the average beachgoer was willing to pay $2.25 per hour in 2000 to visit a renourished beach. What is the value of this in 1999 dollars?c. An analyst determines that the real operating expenses for a sewa..
Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.
Illustrate what is the tolal accounting cost. Illustrate what is the total economic cost. Elucidate why these are different in this way.
All Company in the industry have identical cost structures - the industry's total cost has fixed cost of 6000 and constant variable cost of 50.
A consumer product company is considering introducing a new shaving system called DELTA-4 in the market. The company plans to manufacture 75 million units of DELTA-4 a year. The investment at time 0 that is required for building the manufacturing ..
Which would NOT be advocated by modern conservatism Free markets , Small governments ,Laissez-faire economics , Welfare programs , Reliance on tradition.
A decision making model is more beneficial than simple comparing costs and benefits because decision making model encourages you to consider multiple options?
In the New Orleans metropolitan area in August 2005, the labor force was 634,512 and 35,222 people were unemployed. In September 2005 following Hurricane Katrina
Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
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