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Suppose an economy’s real GDP is $46,000 in year 1 and $49,200 in year 2. What is the growth rate of its real GDP?
Instructions: Round your answer to two decimal places.
The growth rate of the economy's real GDP = %
Assume that population is 100 in year 1 and 102 in year 2. What is the growth rate of real GDP per capita?
The growth rate of the economy's real GDP per capita = %
Explain how you would calculate the price elasticity of demand of gasoline? In general terms, explain how consumer and producer surplus will change as a result of this price increase?
Discuss balance of fixed and variable costs for organization. Explain how has Internet changed this balance for organizations.
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Knowing that there are different methods to compute the depreciation of an asset, which method do you think is best for taxable deductions and paying less taxes and why? Which you prefer to choose?
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How does your answer compare to an economy in which the total amount of the loan is deposited in the banking system and the public does not hold any of the loans in currency?
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