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Suppose that in a particular country, GDP per capita was $ 10,000 in 1960 and $ 40,000 in 2008. Using the rule of 72 (not a calculator), approximate the annual growth rate of GDP per capita.
Suppose, initially, the interst rate parity condition holds. Then at some point, U.S. interest rates are 4 percent more than rates in the EU. a) Would you expect the dollar to appreciate or depreciate against the euro, and by how much? b) If, contrar..
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
A competitive firm’s production function is y = 6√ x1 + 8√ x2. The price of factor 1 is $1 and the price of factor 2 is $4. The price of output is $8. How much of each factor should the firm use to maximize its profit? How many units of output will t..
Consider each of the following events. For each, identify whether it should be included in the U.S. BOP table; where relevant, determine whether it is a debit or credit entry; and calculate the statistical discrepancy entry for the U.S. BOP table. Fo..
If Y is a continuous, uniformly distributed random variable over the interval (4,10), then the value of the PDF between 4 and 10 is: (
Outline the differences between active and passive policy and explain how the two approaches differed in their assumptions about how well the economy works on its own.
A bridge design firm is performing an economic analysis of two mutually exclusive designs for a highway overpass. The steel girder option has an initial cost of $2.08 million, and the concrete option has an initial cost of $2.5 million. Based on the ..
Explain what each of the estimated coefficients means that is interpret the results. Explain. Are each of the estimated coefficients statistically significant at the 5% level of significance? Explain Completely.
q1. people sometimes talk about lsquotwin deficit where the twins are the current account and the government budget
Prepare critical analyses as a group project and present a PowerPoint presentation. This analysis will consist of researching current articles from any periodical or textbook.
Where does this short-run aggregate supply curve intersect the long-run aggregate supply curve that you drew? Just need an explanation of what it woudl look like?
A student loan totals $18,000 a graduation. The interest rate is 6%, and there will be 60 payments beginning 1 month after graduation. If this student received $1,500 as a graduation present and uses it to pay off an extra $1500 in the first month, w..
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