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Q1. Suppose that disposable income, consumption, and saving in some country are $200 billion, $150 billion, and $50 billion, respectively. Next, assume that disposable income increases by $20 billion, consumption rises by $18 billion, and saving goes up by $2 billion. What is the economy's MPC? It's MPS? What was the APC before the increase in disposable income? After the increase?
Q2. What is the biggest disadvantage of using shells as money?
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
Total hours worked, and average labor productivity all are procyclical. Which variable, output or total hours worked, increases by a larger percentage in expansions falls by a larger percentage in recessions.
Why is monitoring and controlling the project cost important for the success of the project.
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
A local community voting to raise property taxes to increase school expenditures
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
These 3 basic trade-offs include which goods or services are to be created, how to create them, also who gets them.
Elucidate how do the GDP per capitals change after accounting for price indices.
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