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Here are the national accounts for the Republic of Giarc, an archipelago in the West Afrikan Sea. Price of Quantity Price of Quantity Price of Quantity Year coffee of coffee cheese of cheese wine of wine 2018 20 100 12 125 25 100 2019 22 110 15 130 32 80 2020 25 120 18 120 35 60
a. Calculate economic growth: the percentage change in real GDP for 2019-2020.
b. Calculate economic growth: the percentage change in real GDP for 2018-2019.
c. Calculate inflation: the percentage change in GDP deflator for 2019-2020.
d. Calculate inflation: the percentage change in GDP deflator for 2018-2019.
Assume that a firm pays taxes on revenue and is allowed some deductions. Derive and explain the user cost of capital if the firm's nominal interest payments are tax deductible. Derive and explain the user cost of capital if the firm's real interest p..
Scores on Professor Combs' Statistics Final Exams have a long term history of being normally distributed, with a mean of µ = 72 and a standard deviation of s =
Explain how central bank manages a nation's monetary system. Outline stated direction of recent monetary policy in United States.
1. Suppose we know the quantity of good "X" demanded and supplied at two different price levels as shown in the following table:
Which type of discrimination is easier to address legally—demand side or institutional?
Why are only final goods counted in measuring GDP for a particular year? Why is the value of used furniture that's bought and sold not counted?
This has led to a lower cost of capital for business but higher market volatility. Should these markets now be regulated globally?
Assess your response in 4 using 2 variables (any 2 variables you desire) from Gapminder World to support your answer in 4. Again show the graph for the U.S. and the other country of your choice [be creative]. Scrutinize how could the U.S. achieve ..
This follows a binomial distribution, but because of the sample size, we will need to use the normal approximation to the binomial in order to answer
If the employer offers a salary equal to the average productivity in the population, what will be the employer' s per-employee profit?
Then calculate accounting profit and economic profit. Describe why accounting profit and economic profit are each important in at least one sentence.
Recently there has be a drive to increase the production of alternative fuels from corn. The argument used by many is energy self sufficiency. In light of the desire to reduce our use of foreign produced oil, many have suggested we should subsidize t..
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