Calculate liliputs balance of trade

Assignment Help Business Economics

Reference no: EM13854788

Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year.

Question 1: Calculate Liliput's balance of trade:

Reference no: EM13854788

Questions Cloud

Size of the smallest payment and the largest payment : A boat is purchased by financing $40000. The loan is to be paid over a 5 year period with annual payments based on a 12% interest rate. Each successive payment is scheduled to be 10% greater than the previous one. Determine the size of the smallest p..

Equation for line that represents all of these combinations : Suppose a firm has a fixed $100 to spend on K=10, W=5. What combinations of inputs can the firm buy? What is the equation for the line that represents all of these combinations?

Are innovators always bad or criminals : Are innovators always bad or criminals? Can you think of any examples in which people accepted societal goals, rejected the means, and came up with their own legal and creative way of achieving the goals? Please explain.

Able to influence their decision with your marketing program : Map out how you think your potential customer goes about making his or her purchase decision for the product/service your venture will market. What are the key internal influences (e.g., motivation) and external influences (e.g., personal influences)..

Calculate liliputs balance of trade : Suppose the country of Liliput exported 229 billion dollars worth of goods while they comported 489 bilion dollars worth of goods in the last calendar year. Calculate Liliput's balance of trade:

Summarized by the cobb-douglas utility function : Suppose that you have homothetic tastes that happen to have the special property that indifference curves on one side of the 45-degree line are mirror images of indifference curves on the other side of the 45-degree line. Suppose that your tastes can..

Indifference curves : Indifference curves

Suppose government moves to reduce a budget deficit. : Suppose a government moves to reduce a budget deficit. Using the model developed in class: a) Graphically illustrate the impact of reducing the government’s budget deficit by increasing (lumpsum) taxes on household income. Be sure to label: i. the ax..

User Account

All Pages