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Country of Myrule has produced the following quantity of A and B, with the price of each listed in dollar terms. Yr 1- A: 8,000(quantity), $4(price) - B: 6,000, $8 Yr 2- A: 10,000, $3 - B: 5,000, $14 (a) Using Year 1 as the base year, what is the growth rate of real GDP from Year 1 to Year 2? (b) Based on the GDP deflator (GDP Price Index), what is the inflation rate from Year 1 to Year 2?
illustrate what will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources.
Suppose a particular labour market were in market-clearing equilibrium. What could happen to cause equilibrium wage to fall. If all money wages rose with inflation each year, how would real wages in this market adjust.
Assume which two people, Michelle also James every live alone in an isolated region. They every have the same resources available also they grow potatoes also raise chickens.
Explain how does price elasticity affect the price-quantity combination and segment of the demand curve that the monopolist would prefer for price and output.
Elucidate that contract align the incentives of the new vice president with the goals of the owners.
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Suppose a consumer's preferences can be described. Derive the customer's marginal rate of substitution at the point.
Explain how you think these trends have affected our overall economic well-being (think unemployment, wage rates, etc.) in recent years.
Elucidate however, in checking with government economists, Hanna finds that every capita disposable income is expected to rise.
Derive the short run total cost, short run average cost also short run marginal cost as functions of output q.
Real wealth which capitalists pull out of market must somewhere enter market. What is this hidden mechanism.
if you were an investment banker, would you ramp up your mergers also acquisitions practice focused on this organization based on these estimates.
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