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Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale.
• What is Country A's GDP?• What is the composition of GDP by percentage?• What is the GDP per capita?• How does this relate to Keynesian economics?
Assume that an electric power plant could be built in the Upper Peninsula using wood as the fuel and would produce 578 megawatts of electricity. Assume that it would have an efficiency of converting wood energy into electricity of 0.26. Let's assu..
Porter seeks accommodation for a religious practice unique to the Heavenly Masters. Porter's employer has never heard of this religion. In order to determine whether Porter's demand for accommodation is truly based on religion, the employer must d..
a vendor is interested in the best price to charge at his various dispensers located in a given area. over a period of
As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on production in the next period.
1.what is the economic meaning of the expression that there is no such thing as a free lunch?nbsp it refers to
During the past year, the average price of lots along Lake Michigan in Carol Beach rose from $2,500 to $3,000 per foot of lake front. At the same time, sales of new homes located off the Lake rose from 40 to 70 units. Calculate the cross elastici..
Discuss and explain the limitations of the United States "supply side" policy in the war on drugs. Can we win the war on drugs? Describe your position on legalization.
you put 20000 on deposit on your thirtieth birthday at 5 percent compounded annually. on your fortieth birthday the
find the effect of a trade surplus? explain the effect of a trade deficit? how do trade deficits and surpluses affect
Many companies are using computer mediated communication for training and updating their employees. They must choose the most effective and efficient manner of communication. Effective and efficient may be defined as achieving
1. the short-run aggregate supply curve shows how cause output to rise.nbspa. increases in inflationb. decreases in
final acceptable levels of detection risk have been determined for several assertions. the auditor is prepared to
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