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If nominal output rises from $13.5 billion to $14 billion and the GDP deflator rises from 100 to 105,
What is the percentage increase in nominal output?
What is the percentage increase in the price index?
Compute the percentage change in price and quantity (%ΔP, %ΔQd) by adding this one room. Calculate the Price Elasticity of Demand.
q1. you have an opportunity to invest in a new plant. the fixed costs are 100000 per year. the marginal cost of
Find the total quantity produced also every firm's profit in equilibrium. Express Illustrate what happens to these when Firm 1 changes its technology as above.
Has war always been a propulsive force for economics? How about World War I? How about winners versus losers? How about England, which was on the winning side of World War II? If post-war demand was so important in getting the boom going, why isn’t t..
Provide an example of income effect and substitution effect in regards to supply of labour. Illustrate what is opportunity cost of work in this case
When the unemployment rate is_____ than the natural unemployment rate, real GDP _______. At a business cycle trough, cyclical unemployment is ____ and at a business cycle peak, cyclical unemployment is _____.
Suppose you are appointed head of the energy department of the city or town where you grow up, and you are asked to come out with a sustainable long-term strategy that that will carry your city into the middle of the century. What are the three bigge..
Also that would you considers more likely, to longer-term- U.S. government bonds have a high interest rate than short-term U.S. government bonds or vice versa.
q.q1. how would i approach this problem? assume that kathy drinks coffee as well as tea as well as is in consumer
It has been claimed by a well-known papyrologist that during the 4th century the rise of prices in Egypt was a consequence of the debasement of the currency: each price rise reflected a reduction of the silver in the coins. Discuss critically.
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
george has been selling 5000 t-shirts per month for 8.50. when he increased the price to 9.50 he sold only 4000
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