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Q. (Expenditure Approach to GDP) Given following annual information about a hypnotically country, answer questions a through d.
Billions of Dollars
Personal consumption expenditures $200
Personal Taxes 50
Exports 30
Depreciation 10
Government Purchases 50
Gross private domestic investment 40
Imports 40
Government transfer payments 20
a. What is value of GDP?
b. What is value of net domestic product?
c. What is value of net investment?
d. What is value of net exports?
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
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its lenders requested that the firm disclose full information about its revenues and costs. Elucidate why Brownstown's management was reluctant to release this information to its lenders.
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Distinguish between the crowding-out effect also the Ricardo-Barro effect. Elucidate how are the two effects related
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its marginal propensity to consume is 3/4. If its GNPin period10 is 2,048, explain how much labor and capital did it start with in period0.
A consumer must pay $10 per visit to an amusement park for the first five visits but only $5 per visit beyond five visits. What does the budget.
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