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1. (Leakages and Injections) What are the leakages from and injections into the circular flow? How are leakages and injections related to the circular flow?
2. (Investment) In national income accounting, one compo- nent of investment is net changes in inventories. Last year's inventories are subtracted from this year's inventories to obtain a net change. Explain why net inventory increases are counted as part of GDP. Also, discuss why it is not suf- ficient to measure the level of inventories only for the current year. (Remember the difference between stocks and flows.)
After reviewing the range of earnings across various jobs on salary.com, it should be clear that income disparity in our economy is considerable. Explain whether or not you believe that the degree of variation is justified.
Specific example of a policy or regulation that has helped economic activity - economist who was tasked with evaluating this policy or regulation, what are some ideas you would suggest for changing it in a way that would achieve the same goal but n..
Suppose that Serendipity Bank has excess reserves of $8,000 and checkable deposits of $150,000. Instructions: Enter your answer as a whole number. What level of excess reserves does the bank now have? $____________.
price elasticity of supply you have based on the cost of production changes as output changes including actual
assume that the demand for electricity is q d 120 2pdwhere q d and pd are the quantity demanded and the price paid by
The production function is: Q=ALaKb. Show that the isoquants for this production function are convex. (Show that MRTS diminishes as L increases. Why?) Derive the equation for the long-run expansion path
Your uncle has almost convinced you to invest in his peach farm. It would require a $15,000 initial investment on your part. He promises you revenue (before expenses) of $1,800 per year the first year, and increasing by $100 per year thereafter. Your..
Suppose that ex is the exchange rate between the U.S. dollar and the Chinese yuan in that ex indicates the number of yuan that can be purchased with one dollar. The demand for dollars, denoted, D$, is given by the equation D$ = 2,800 - 200ex. T..
Meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
Suppose the number of employed people in an economy is 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725.
slash and burn is a monopolist that can sell its output at these prices and with these total
if the price elasticity of demand for bananas is -1.5 and the price elasticity of demand for grapefruit is -2.5 and the
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