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Question: Chasing the dragon! Compare the economies of India and China today. What are their GDP per capital and their economic growth rates? What has caused the rapid expansion of Chinese economy compare to India for past 30 years? What are the important factors distinguishing these two economies from population growth, human capital, political systems etc. What the future holds?
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Edsel wins a $250 million lottery prize. The money is paid out in equal instalments over 40 years beginning one year from today. What is the present value of the lottery prize to Edsel in the following cases? 1) If his discount rate is 15%? 2) If his..
What is the opportunity cost of consuming additional one chicken? What is the opportunity cost of paying additional one dollar for chicken?
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