The imaginary nation of freedonia had a population

Assignment Help Business Economics
Reference no: EM131239372

For the year 2014 the imaginary nation of Freedonia had a population of 2,800 and real GDP of 16,800,000. In 2015 the imaginary nation of Freedonia had a population of 2,700 and real GDP of 15,390,000. The growth rate of real GDP per person between the years 2014 and 2015 was

Reference no: EM131239372

Questions Cloud

Average cost is equal : A monopolist produces and sells 400 units at a price of $40 per unit. The monopolist's marginal cost is equal to $15 and average cost is equal to $23. The monopolist's profit is?
Some of gains from economic integration and globalization : What are some of the gains from economic integration and globalization which serve to justify the continuance of these trends? What are some of the key problems that are generated from the widening gap between the “haves” and the “have-nots” of the w..
What was the ultimate goal of this movement : What does Woodward mean by the phrase the "magical formula of white supremacy"? How was the "formula" applied? Be specific, citing several examples.
Demand for real balances : I've read elsewhere this should just be g if all else remains constant, but it would seem to me the answer should be g/5. If g is 10, and all other values are equal, would the demand for real balances not be 10Y/5i=2y/i --- making demand for real ..
The imaginary nation of freedonia had a population : For the year 2014 the imaginary nation of Freedonia had a population of 2,800 and real GDP of 16,800,000. In 2015 the imaginary nation of Freedonia had a population of 2,700 and real GDP of 15,390,000. The growth rate of real GDP per person between t..
Show the equations for mr and mc : A firm is a monopoly with demand and cost functions given by P = 200 - 2Q and C(Q) = 2,000 + 3Q2 respectively.Show your computations. a. Show the equations for MR and MC. b. Compute the profit maximizing quantity.
Change the steady state in solow model for education : This question asks you how an increase in productivity would change the steady state in a Solow model for education. Draw and label the graph. Now suppose that the country becomes more productive (better laws, new technologies, etc.). What curve or c..
Second unit of output has a willingness-to-sell equal : Suppose the market price is $5. The producer who sells the first unit of output has a willingness-to-sell equal to $1; the producer who sells the second unit of output has a willingness-to-sell equal to $2; and the producer who sells the third uni..
How does mcdonalds exist globally : How does McDonalds exist globally and how it continues to move towards globalization?

Reviews

Write a Review

Business Economics Questions & Answers

  Enterprise take advantage of different levels of innovation

Referring to the concept of entry barrier and explain dunning ideas on strength of multinational enterprise. How would an enterprise take advantage of different levels of innovation? (i.e., of major innovation vs minor innovation.

  What is the GDP growth rate

A) nGDP is $5 trillion in Yr 1 and $5.4 trillion one year later. What is the GDP growth rate?

  Dynamic aggregate demand and aggregate supply model

Which of the following is not a correct comparison between an expansionary monetary policy in the basic aggregate demand and aggregate supply model and in the dynamic aggregate demand and aggregate supply model? In the dynamic model, expansionary pol..

  Indifferent between the rebate and the low percentage loan

You want to buy a new car. You plan to borrow the entire purchase price of $25,000. Dealer offers two choices: (i) an immediate $1500 rebate and financing at the regular rate of 7.2% APR for 48 months, or (ii) low percentage financing for 48 months. ..

  The depreciation of the dollar versus the yen

The depreciation of the dollar versus the yen: Look back at equation (20.3) in Section 20.2 E = P^w / P. Apply our growth rates rule (from Chapter3) to this equation to express the growth rate of the exchange rate as a function of the infaltion rate ..

  What is the economys expenditure and income

Suppose that the economy consists of only two individuals, Leland has $1290 available to spend on goods. He decides to purchase $530 worth of produce from Krista in the current quarter. No other economic activity takes place during the current quarte..

  Part of the consumer enables a firm to price-discriminate

Name three products for which impatience on the part of the consumer enables a firm to price-discriminate. At many amusement park, customers who enter after 4 pm receive a steep discount on the price of admission. Explain how this practice is a form ..

  One of the most serious problems in business forecasting

One of the most serious problems in business forecasting is

  Nominal interest rate unchanged

Using the IS-MP diagram, explain what happens to the economy if there is a temporary consumption boom that lasts for one period. Initially, suppose the FED keeps nominal interest rate unchanged. Now suppose you were the chairman of the FED. What acti..

  Define the characteristics of the industry

Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and ill..

  An organization or business in your area that performs

Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.

  In the aggregate expenditures model

In the aggregate expenditures model, it is assumed that:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd