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What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below and a price index of 100/1,400 to compute your answer. Year Nominal GDP Population Nominal per capita GDP 1933 $ 57 billion 126 million $ 452 2013 16,800 billion 301 million 54,194 Instructions: Enter your response rounded to the nearest whole number. $
Briefly discuss the current poverty numbers in the U.S. What can we expect welfare policy to look like in the future? Need references with statistics; Please no copy and paste and please no plagiarism.
When real estate agents sell their own, rather than clients’, houses, they leave the houses on the market for a longer time (10 days longer on average) and wind up with better prices (2% higher on average). Why?
What’s Fluzzle Tube you might ask? It is an inflatable ring for water recreation. What makes the tube incredibly unique is its shape. It is shaped in the form of an interlocking jigsaw puzzle piece. This allows you to connect with all your friends an..
The oil price shock embodied an inflation rise of 3 percentage points and inflation turned out to be 1.5%. What effect did the financial crisis have on the unemployment rate?
Discuss what UPS’s business customers are looking for when committing to work with UPS?. How does UPS’s marketing and sales to business customers differ from working with its residential consumers? Discuss how the UPS story relates to the major conce..
how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1?
Suppose you have the following regression equation where PROD = output produced per month, LHR = labor hours paid per month, and QUAL = quality of raw materials purchased within the month, and T=trend variable: Prod = ß0 + ß1LHR + ß2QUAL + ß3T. If ß3..
If the Fed purchases Treasury Bills from banks:
What particular challenges did women encounter during the Gilded Age (roughly 1880-1920)? If you were a working woman in 1912, and you could have voted (although in most states you could not) which candidate from the election of 1912 (Taft,Debs) do y..
Suppose that you borrowed $25,000 from a bank at a monthly interest rate of 2% compounded monthly to purchase a car. This loan is to be repaid in 24 equal monthly installments over two years. How much is the monthly installment? What would be the mon..
What individual’s decision is altered as a result of not taxing the imputed rent earned by those who live in their own house? How so? Explain.
The demand for good X has been estimated by QXd =12 - 3PX + 4PY. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity when the price of X increases to $3.
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