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If prices rise, people’s income from selling goods increases. However, the growth of real GDP ignores this gain. Given this information, why do economists prefer real GDP as a measure of economic well-being?
you make the entire marketing plan. Document your ideas in a memo. Your memo should address the following points at a minimum.
Discuss what type of foreign investments would be best for the economy's PPF. What are the opportunity costs of these decisions? Include what will happen to private and public choices as the economy grows.
Describe the economic implications for the United States of the rise of China and India as significant economic powers.
Select an economy that initially has a labor force of 2000 employees. Of these employees, 1900 are employed and each works forty hours per week. Ten units of output are produced by each hour of labor.
Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?
Illustrate what questions would you suggest to the CFO to ask to marketing department and what is your recommendation to the CFO.
assume that price is fixed at $37,000 and that Buzzer Auto needs 5 workers for every 1 automobile produced. If demand is DM and Buzzer wants to perfectly match its output and sales, how many cars will Buzzer produce
Compute the ideas of the Classical economists with the ideas of John Maynard Keynes, and explain what kind of revolution the Keynesian revolution was.
It seems apparent that the current macroeconomics situation in the US is bit difficult in numerous ways. Situations relating to employment, inflation, monetary and fiscal policies have been detrimental to US citizens who have undergone a trembling..
The Fed should simply raise the money supply at same rate that full employment economy increase, and the government should desist from any stabilizing urges.
If a taxpayer has a beginning inventory of $25000, Purchases of $185,000 and ending inventory of $30,000. What is the amount of the cost of goods sold for the current year?
Is it wrong to use the total income test for elasticity, when there is a direct relationship between price and total revenue the demand is elastic.
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