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C = 200 + 0.8(Y - T)
where C = Consumption expenditure, I = Investment, G = Government expenditure, Y = Ntional expenditure, T = Taxes
What is the national income model
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Derive the savings function and find the level of savings in this economy
What can you say about this simple economy
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Find the equilibrium quantity and price. What is the total health expenditure on the services considered in the demand-supply functions?
The supply and demand equations for a hypothetical perfectly competitive market are given through QS=-100+3P and QD = 500 - 2P.
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
Give a graphical representation of the trend in inflation and unemployment in terms of unemployment for the period 1983 - 2011. Comment outcome.
Illustrate what phase of the business cycle is the United States currently in. Describe in detail. What is the latest GDP.
If there is a positive Net Advantage to Leasing the industry will lease the equipment. Otherwise, it will buy it. What is the NAL.
Say if the following statement is true or false and why-Exports depend only on the demand of foreign countries for our products and therefore our exporting
The government has set price ceiling on whatever the product is, so that there is a shortage. That industry complains to the government that the ceiling price is far below the equilibrium price.
Using algebra find out the effects of this change in cost on profit maximizing output and the optimal profit.
During 2003, Company A and Z made the following identical purchases in the order shown, Each firm sold 400 units but A fimr uses LIFO inventory costing and Z Company uses FIFO inventory costing.
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
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