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Prepare a 4-6 page analysis by answering the questions below. Be sure to cite your references using APA format.
Based on the information contained in the textbook and on the Web site above, answer the following questions:
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
What was national income (NI) for 2008? What does national income tell us? What is the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
Does GDP measure the well-being of society? Why or why not?
What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?
Explain how entrepreneurial policy makers can incorporate pragmatism practices into their public policy research. Have pragmatism practices changed in the last twenty years?
Consumer A values good 1 at $4,500 and good 2 at $1,500. Consumer B values good 1 at $5,000 and good 2 at $1,000. Costs are zero. Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for good 2 to maximize rev..
Roy Rogers the lead broker at C-U Broke is interested in identifying whether there is a difference
Marginal revenue product for a price taker equals
Assume that labor supply and labor demand are described by the following equation -labor supply: L=5w -labor demand: L=110-0.5w where w=wage expressed in dollars per hour, and L(s) and L(d) are expressed in millions of workers. find the equilibrium w..
Suppose there is a decline in marginal costs for one member of a cartel. What impact will this have on the incentive of that firm to cheat on the cartel agreement? Explain.
John, Denny, Cass, and Michelle decided to perform music together from time to time. John would pay to book a venue. Denny would pay for gas in Cass’s car (a beat up car, but that she later replaced with a Porsche), How should they split the money th..
What is smallest integer price that would make a firm willing to produce a positive amount. Suppose that Dent Carr's long-run total cost of repairing s cars per week.
What is the average inflation rate. Explain how would inflation be different if real income growth were higher.
Conduct original research on an American Economic History event that occurred between 1900 - 1960. (you cannot do the Great Depression or Prohibition) . I chose The Great Mississippi Flood of 1927, but my professor said " Your topic on the Mississipp..
Three students consider the option of forming a lawn care and landscaping business during their summer vacation. They estimate the following costs: Insurance $2,600; Equipment Rental Fees $1,000; Fuel and Supplies $4 per lawn serviced and Miscellaneo..
Suppose that U.S. citizens start saving more. What does this imply about the supply of loanable funds and the equilibrium real interest rate. Explain what would happens to the real exchange rate.
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