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a) What is meant by real gross domestic product (RGDP)?
b) Does GDP measure only the final goods and services produced rather than all goods and services produced? If true explain; if false explain.
Which of the following is true concerning negative externalities?
Cost is a big issue with every company, and changing technology is the biggest cost for most companies, how your company was able to cope with this problem and maintain the level of profit in a very competitive market?
Suppose we look in the newspaper and find the following rates: the rate on 1-year securities is 4.65%, on a similar 2-year security 6.24%, and a 3-year security 6.67%. If the unbiased expectations theory of the term structure of interest rates holds,..
The following equations are the market demand and supply schedules before the imposition of a per unit tax. (Qd = quantity demanded, Qs = quantity supplied, P = price) Assume there is an imposition of a $2 per unit tax on producers. Graph the supply ..
Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving, domestic investment, and net capital outflow in this economy, where the currency is the U.S. dollar. ..
“The high price of gasoline is hurting our economy” said Mark Kirsch, a trucker in April of 2008 when Gasoline prices were at all-time highs due to $100/bbl. + oil prices. “Its hurting middle class people.” Explain to truck drivers why a government i..
What happens to the money supply, interest rates, investment spending and GDP. Describe the impact of rational self-interest on each.
What is necessary for a business to become profitable?
Suppose the market for lemonade is a competitive market. The prevailing market price is $10. A typical seller in the market has a cost function of: C = q3 - 6q2 + l0q + 100. Find its profit-maximizing output level. Calculate her profit.
If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.
When a leading developing country defaults on its loan to foreigners, discuss (with the aid of loan able funds market diagram) why interest rates will rise on bonds issued by many other developing countries. Critically evaluate the use of GDP as a us..
Graph the individual's budget constraint taking account of both Social Security benefits also the possible withholding of these benefits based on the individual's earnings.
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