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Assume that Country A has a population of 500,000 and only produces one good-cars. Country A produces 100,000 cars per year. The people in Country A purchase 90,000 cars, but there are not enough cars to fulfill all the demand. They decide to import 50,000 more. The government buys 25,000 cars for its police force, and 10,000 cars are bought by companies to transport employees to other locations to work. They also export 65,000 cars to nearby countries for sale.What is Country A's GDP?What is the composition of GDP by percentage?What is the GDP per capita?How does this relate to Keynesian economics?Part II Go to the Bureau of Economic Analysis on the Department of Commerce's Web site, and look up the latest new release for real GDP. Address the following questions after reading the latest release:Where are we in the business cycle?What is the real GDP today?What is the largest component of GDP?What is the smallest component of GDP?What is the fastest growing component of GDP and why?What components of GDP were involved in the change from last month to this month?What is the price index today?What caused the change?
What is the labour force?
Assume you are an aid to a government official planning on some recently proposed excise tax on welfare of her constituents.
What is the value of a preferred stock that pays a perpetual dividend of $215 at the end of each year when the interest rate is eight percent?
why are many governments in todays world liberalizing cross-border movements of goods services and resources?what are
don masters and two of his colleagues are considering opening a law office in a large metropolitan area that would make
Suppose an industry has potential firms with identical technologies with TC = 200 + 2*(Q^2). The demand curve in this industry is D(p) = 18 - ¼ p.
What were the labor-force participation rate and the unemployment rate
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Presume you originally invested in a firm when it was small and unprofitable. Now the firm has grown to be large and profitable. Would you be better off now if you had bought the firm's stock or the firm's bonds?
if a firm has monopoly power in the market for its output the marginal revenue product of labor a. is no different than for a competitive firm b. is less for each unit of labor than for a competitive firm c. continuously slopes upward instead of turn..
Identify the normative policy school (Keynesian, New Classical, Supply side, Monetarist, or Mainstream) which most closely represents your own normative policy views? Defend your position and offer at least one counter argument against the alternativ..
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