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1. Classify each of the following items as a final good or service or as an intermediate good or service and identify which is a component of consumption, investment, or government expenditure on goods and services:
2. The transactions in Jupiter last year are in the table below. Use this data to
Item Dollars
GDP 1,400,000
Consumption Expenditure 700,000
Taxes 350,000
Transfer payments 150,000
Profits 300,000
Investment 350,000
Exports 400,000
Savings 400,000
Imports 350,000
3. The IMF World Economic Outlook reports the following unemployment rates:
Region 2010 2011
United States 9.6 8.5
United Kingdom 7.8 7.7
Japan 5.1 4.9
a. What do these numbers tell us about the phase of the Business cyc;e in the United states, the United Kingdom and Japan in 2011?
b. Do these numbers tellus anything about the relative size of the labour force participation rates and employment-to-population rations in the three regions?
Determine the annual break-even volume for the Retread Tire Company operation - What price should she charge for a hot dog in order to break even?
Based on the Solow model, how would each of the following affect consumption per employee in the long run? Describe and illustrate your answer graphically.
Suppose the market for agricultural machinery, including crop sprayers, in a region is monopolized by one company, Jack Rein Deere. The market demand for sprayers is given by Q = 1250 - 0.05P. The monopolist's supply curve for sprayers is given by Q ..
Describe how the budget constraint of a household in a two-period model is affected by each of the following changes. In each case, do you think the household is better off or worse off? If ambiguous, what does the answer depend on?
What factors, specifically, affected the demand for lemonade - What pricing strategies did you use
1. consider the following information about a business diane opened last year price5 quantity sold 12000 implicit
The first major national labor union in the U.S. was the? The right to organize a union and to strike, Which of the following groups would be considered an industrial union? Exploiter Gadgets made its workers sign "yellow-dog" contracts. These contr..
Explain in detail how each of these forces influences the auto industry, and propose how the auto industry should respond or react to each force. Businesses not only respond and react to external forces, but can also attempt to influence them.
High capital-asset ratios are desirable as they offer a buffer against non-performing bank loans.The ratio is defined as the excess of bank liabilities over assets.
The "interest-only" mortgage typically converts later to a:
choose and reserach a specific company that is traded publicly where there has been a pattern of change in a particular
one is to convert the actually a nominal gdp number to a real gdp number. the other is to convert a nominal gdp growth
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