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Using the Expenditure approach, GDP can be divided into 4 categories, Consumption, Investment, Government, and Net Exports. In the United States, Consumption makes up about 70% of the total. When the economy of the country goes into recession, the Consumption category decreases and the Investment category typically also decreases and exports may also be affected. Given those issues, what category can increase to try to stabilize the economy? Explain!
If one country has per capita income of $15, 000 and its economic growth rate is 5 percent per year, what will its per capita income be in 10 years? About how many years will it take to catch up to a country where the per capita income is $30, 000 pe..
Look at consumer economics from the global perspective, and list five issues or areas of concern that require international cooperation.
A tropical country can produce winter coats, but there is no domestic demand for these coats. Explain how this country can gain from free trade in winter coats.
Cost-effectiveness analysis compares the value of an innovation with its cost. Cost cutting cannot increase profits. Insurance creates a principal-agent relationship that is not common outside of healthcare. Which function of management is most conc..
How does the president most directly influence the Federal Reserve System? The Federal Reserve includes twelve. Which is an example of a natural monopoly? Which of the following circumstances usually comes before a period of economic contraction?
Explain two distinct factors through which geography can affect a country's income and prosperity. For both of these factors described in part A, discuss whether you think the effect of these on a country's income is fixed over time or whether the ef..
Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.
Say you owe money to Big River Bank. Will you gain or lose from an unanticipated decrease in inflation? How could inflation make people turn to exchange by barter? What impact will free trade have on economic growth?
Distinguish between ethical rights and obligations from the perspective of accountants and auditors
Suppose investment I is 900, government purchases are 800, and net of exports are 300. What is the spending balance? What is the GDP multiplier?
Explain how much shelter can she buy if she purchases 2 units of food.
The financial department of Delphi Consolidated Industries (DCI) is just starting a two-week retreat in the Canadian wilderness. The president of DCI has been approached by an investment banker who has acquired $1,000,000 in DCI bonds in one of his d..
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