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Suppose labor's share of GDP is 70 percent and capital's is 30 percent, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3 percent. What is the growth rate of total factor productivity?
What percentage increase is needed in the fund to restore your portfolio to the level it was one year ago?
The central bank announces a cut in its (short-term) interest rate from 5 per cent to 4 per cent.
To ensure that correct size of heart valve is available for heart surgery, Heart Plus, maker of valves employs salespeople to place and maintain inventories at hospitals in its market.
The first flight after I bought it, I took some friends to Palm Springs for lunch." (Scott Ostler, "Andre Even Flies like a Champ," San Francisco Chronicle, February 8, 1993, C1.) Discuss whether Agassi's statement is reasonable.
How many nurses does National Hospital employ, and what wage will National pay its nurses?
the capital investment cost for a switchgrass-fueled ethanol plant with a capacity of 250000 gallons per year if 1.4
Helen purchases a new Ford Focus. She negotiates a price of $18400, trades in her 1993 Contour for $1700, puts down an additional $1000, and borrows the remainder for 3 years at 6% interest. How large will her monthly payments be
Suppose that a firm comtemplating entering the market for breakfast cereal would need to invest $100 million in a production plant (or about $10 million annually on an amortized basis). Such a plant could produce about 100 million pounds of cereal..
Can you give some examples of these price differences from your experience at normal and upscale supermarkets? Visit a couple of same-industry stores such as Walmart and Whole Foods to collect data if necessary. (Related to Application 4 on page 3..
Explain some of the arguments in support of the use of tariffs, quotas, and other trade barriers in developing countries ? What issues form the basis of the debate between trade optimists and trade pessimists? Explain your answer.
Show that the rate of population growth has no effect on the equilibrium growth rate of the economies studied in Sections 11.1 and 11.2. Explain why. Do you find this prediction to be plausible?
People end up tossing 12% of what they buy at the grocery store (Reader's Digest, March, 2009). Assume this is the true population proportion and that you plan to take a sample survey of 540 grocery shoppers to further investigate their behavior.
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