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Suppose that the economy of an island H is described by the following equations: GDP (Y) = 8000, government expenditures (G) = 600, Taxes (T) = 1000, Consumption (C) = 400 + 3/4 (Y-T), and investment (I) = 800 – 200r a. Write the equation of the GDP b. Compute 1. Private saving 2. Public saving 3. National saving 4. Equilibrium interest rate 5. What can you conclude about the economy of Island H (in term of type of budget and type of economy?) Explain why.
The USPS operates a network of more than 31,000 post offices. The majority of these post offices do not generate revenues sufficiently high in relation to costs to justify keeping them in operation. If the USPS were truly a private firm, many of thes..
The legal standard of proof that permits an officer to conduct a stop and frisk is:
The president of the World Bank has asked you to calculate the average per capita GDP growth in Bulgaria from 1970 to 2010. In 1970, per capita GDP was $3,600 and in 2010 it was $13,500. Your answer would be:
Describe the benefits and risks entailed with an experimental approach to regression analysis.
The following activities would not be included in the GDP: the purchase of a new car, gratuities at a restaurant, and payment to a neighbor for lawn-mowing services. Identify three more examples of transactions that would not be included in the GDP. ..
Baseball players and movie stars get paid millions of dollars to hit baseballs and act, respectively. We want our kids to be well educated, and we always talk about how valuable public school teachers are, but we don't really want to pay them that mu..
A profit-maximizing monopolist produces an output level at which
The credit score of a 35 year old applying for a mortgage at Ulysses Mortgage Associates is normally distributed with a mean of 500 and a standard deviation of 100. What credit score represents the third quartile?
Do multinational Company exploit host countries that covet technologies and entrepreneurial skills that the multinationals provide?
A new government (the Atreides) takes over and wants to encourage the efficient quantity of water to be sold. Describe at least three options for the new government to deal with the inefficiency created by this monopoly. Discuss the benefits and draw..
A. If Mercedes Benz realizes that its annual demand for 500SEL model is 50,000 and their cost of order preparations is $42,000.00 and the inventory carrying cost per car per year is $3,600.00. What will be the Economic Order Quantity? b. During reple..
Why might some firms voluntarily pay workers a wage above the market equilibrium? Which of the following government policies would lead to an increase in productivity?
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