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in a speech that Senator Robert Kennedy gave in 1968 he said the following about GDP :it does not allow for the health of our children, the quality of their education, or the joy of their play. id does not include the beauty of our poetry or the strength of our marriages, the intelligence of our public debate or the integrity of our public officials. It measures neither our courage, nor our wisdom, nor our devotion to our country. It measures every thing, in short, except that which makes life worth while, and it can tell us everything about America.
Was Robert right ? if so, why do we care about GDP ?
Past month Jones Hat Corporation sold 100 hats at $10 each. This month it increased the value of hats to $11 and sold 101 hats.
Elucidate how have these policies affected the prices of the product the industry produces?
Calculate the arc price elasticity of demand over this price and consumption quantity range.
hich project should be selected if the simple payback method is used to make the determination? Which project should be selected if NPW or NFW were used? Consider the time value of money to be 15%. Explain any differences in results.
Suppose that the currency drain ratio is 10 per cent of deposits and the desired reserve ratio is 1 per cent. If the Reserve Bank sells $100,000 of securities on the open market, calculate excess reserves after the first round. Calculate the money..
The key feature of the production function is that the marginal impact of capital per worker k = K/L on Y/L decreases as K/L increases.
Derive the AS relationship for this economy and what are the natural rate of the unemployment and natural level of output and derive the IS relationship for this economy.
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
Let a company's demand be given by: Q=100-P. Let company's marginal cost be $2 per unit of production. Solve for the firm's marginal revenue equation and optimal output or price combination.
Explain how many tonnes of wheat and how many tonnes of copper ingots will be produced if each country specializes.
Provide an examples of how each industry practices price discrimination. What are the short and long term strategic reasons these industries employ tiered pricing.
Explain should they stay in business for three months or should they close down right now.
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