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1. To calculate GDP using the expenditures (aggregate spending) approach which of the following would be included (pick all that apply - there will be more than one)?
a. Consumer spending
b. Exports
c. Government purchases
d. Imports
e. Interest
f. Investment spending
g. Private savings
h. Profit
i. Rent
j. Taxes
k. Wages
Distinguish between interindustry and intraindustry trade, providing examples of each. Offer possible explanations for interindustry and intraindustry trade.
An old wooden bridge over a bay is in danger of collapse. The highway department is considering two alternatives to alleviate the situation and provide for expected increases in future traffic. One plan is a conventional steel bridge, and the other i..
If an employee is transporting company materials and gets into a car accident, should the company be held responsible and liable for any damages? Would your stance differ depending on if the employee were on or off the clock?
When the price faced by a firm in a competitive market was $5, the firm produced nothing in the short run. However, when the price rose to $10, the firm produced 100 tons of output. From this we can infer that
Consider a closed economy in which the money supply totals $120,000. The price level is constant at a value of 2 and nominal GDP is currently $200,000. Calculate (income) velocity for this nation, carefully following all numeric instructions.
Zooey is a single mother of two young children whose husband died in a tragic car accident. She earns $20,000 per year working as a cashier at a grocery store. The government uses a negative income tax system in which Taxes owed = (1/4 of income) - $..
Discuss the relationship between economics, business concepts (such as targeted marketing), social status, and wellness
Which of these can be a people turnoff for customers?
For each of the next 7 years, he received total dividends of $50 per year. For the remaining period, he received total dividends of $100 per year. What rate of return did he make on the investment?
BMW of Colorado advertises on the radio that it has been owned and operated by the same family and in the same location for over 30 years. It then makes two claims: first, that is has lower overhead than other nearby auto dealers because it has owned..
Risk versus Return is an old adage on Wall Street. If higher expected returns are a “good” and greater risk of loss is a “bad,” what does a typical investor’s risk-return indifference map look like? If you were to ask Investor A if she would be willi..
Suppose a domestically produced motor bicycle sells at a world price of $5,000 under unrestricted trade. The domestic producer uses $3,000 worth of imported inputs, (VA*). What is the domestic price of the imported motor bicycle? What is the possible..
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