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GDP and NDP
The table below sets out some data for Country X in 2007. Item Amount(in billions of dollars)Consumption expenditure 289Government expenditure 99Interest and investment income 33Profit of corporations andgovernment enterprises 65Income from farms andunincorporated businesses 40Gross investment 146
Exports 36Imports 22
Wages, salaries, and supplementarylabor income 275Capital consumption allowance 60Indirect taxes less subsidies 75
a. Calculate net exports.
b. Use the expenditure approach to calculate GDP.
c. Use the income approach to calculate GDP.
d. Calculate net domestic product (at factor cost).
e. Calculate net domestic income (at market price).
Discuss how the aggregate expenditure function shifts in response to changes in each of time following variables:
Fill in the missing data for price (P), total revenue(TR), marginal revenue (MR), total cost (TC), marginal cost (MC), profit (π), and marginal profit (Mπ) in the following table:
Problem based on Utility Function - Problem, Answer and explain the following using a diagram which is completely labeled.
Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?
Estimation of sales from multiple regression models - figuring out the own price elasticity of demand and cross price elasticity of demand - the relevant business decision to increase the total revenue.
The Federal Reserve's publishes the H.3 Statistical Release-Aggregate Reserves of Depository Institutions and the Monetary Base-weekly. Recent releases show that the composition of the supply of total reserves
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Explain why the authors cite ethnically segmented markets as a factor that holds back private sector development and building entrepreneurial capacity.
Elucidate is the fiscal policy expansionary or contractionary.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
Assume that the payouts of the game were changed (if necessary) such that it results in gamblers having a positive expected value.
Describe a long-term contract shoeing all necessary steps that the current supplier can offer the buyer that will be attractive to the buyer and will also strengthen the incumbent's monopoly power.
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