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The rate of growth in the productivity of capital is 1 percent, the rate of growth of capital is 2 percent, the rate of growth of labor is 1 percent, and the rate of growth in the productivity of labor is 3 percent. From this we know that
A. the rate of economic growth is 7%
B. per capita real GDP will double in 50 years
C. per capita real GDP will increase by 3% per annul
D. the rate of economic growth will fail to 4 percent
The Future 2055 The U.S. economy is at full employment. President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade. He is conside..
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describe an experience that you have had working on a team. as part of your response discuss how the team was
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Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
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People must make choices of what to consume or produce because of
Determine the average inflation rate for this commodity over this two-year period. The CPI for 1995 was 152.4 and for 2010 it was 218.1. What was the average general inflation rate during these years? To calculate the NPW (at year 0) of N annual cash..
examine the common price setting strategies of airlines that use game theory. predict the potential effects of such
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