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1. Suppose that the GDP of California increases by 14% each year. How long will it take for the GDP of California to double? Round your answer to one digit after the decimal.
____ Years
2. Suppose that the GDP of Oregon today is exactly twice what it was 37 years ago. What was the average annual growth for Oregon over this time period? Round your answer to one digit after the decimal.
____ % each year
What is a key benefit of maintaining a stable value of money?
q. for all qualitative non-numerical graphs be sure to label all curves and axes carefully. explain how both initial
According to Malthus’s view, which of the following is a consequence of increased population? Which of the following happens when a person buys shares in a mutual fund? Which of the two bonds in each example would you expect to pay the higher interes..
The Great Inflation affected the banking industry through the following channel(s).
Mars Inc. is considering the purchase of a new machine that will reduce manufacturing costs by $5,000 annually. What is the tax on salvage value?
The FOC and local SOC for the firm's optimization problem can be used to prove the law of supply, meaning exactly: if the firm supplies a positive quantity at the current market price, then at a higher price it will supply a larger quantity.
Illustrate what is economy's aggregate consumption function. Illustrate what is marginal propensity to consume for economy.
Your company is bidding on a system design project. It is your job to design the system architecture. How will you balance the need for scalability against the need to keep costs as low as possible to win the bid?
From the scenario, explain how government grants would influence the business's operations. Be sure to emphasize the taxes, social benefit, and price level for both substitute goods and current products.
Which of the following is true concerning the consumption habits of ALL levels of government? Which of the following is an example of governmental MANDATORY SPENDING? During which year did the first federal budget surplus occur within the last three ..
Ted’s utility function characterizing preferences over apples and bananas is U a,b= 4a + 6b^2. . How many apples does Ted demand if Pa= .5 and Pb=1 , and he has $10 to spend?
If a project is efficient (its total benefits exceed its total costs), would it be possible to allocate the cost of the project in a manner that would provide net benefits to each voter? Why or why not? Explain. Will efficient projects necessarily be..
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