Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The economy of Britannica produces three goods computers, DVDs, and pizza. the accompanying table show the prices and output of the three goods for years 2010, 2011, and 2012.
year----computers;price--quantity ----- DVDs; price--quantity------ pizza; price--quantity.2010------------------$900--10 ---------------$10--100 ---------------------$15--22011------------------$1,000--10.5 ----------$12--105 ----------------------$16--22012------------------$1050--12 -------------$14--110---------------------$17--3
a. What is the percent change in production of each of the good from to 2010 to 2011 and from 2011 to 2012?
b. What is the percent change in prices of each of the goods from 2010 to 2011 and from 2011 to 2012?
c. Calculate nominal GDP in Britannica for each of the three years. What is percent change in nominal GDP from 2010 to 2011 and from 2011 to 2012?
d. Calculate real GDP in Britannica using 2010 prices for each of the three years. What is the percent change in real GDP from 2010 to 2011 and from 2011 to 2012?
In the US health insurance reform of 2010, every individual is entitled to get an insurance contract, with possible government subsidy if it is not profitable for the private companies. Discuss the consequences for the insurance market of the refo..
Assume the United State dollar price of a British pound is $1.50; dollar price of a euro is $1; a hotel room in London, England, costs 120 British pounds;
The bulk of the spurt can be traced to the boom in investment information technology capital and to the growth in the information technology-producing part of the economy. Measurement issues abound and having better data would help resolve them.
The given matrix shows the payoffs for an advertising game between Coke and Pepsi. The companies can choose to advertise or to not advertise.
Describe the difference between comparative advantage and absolute advantage.
Use a graph of the pollution abatement market, model a situation in which the allocatively efficient level of abatement occurs at 100%,
Why might the market exchange rate change a lot as this monetary tightening is announced and implemented and what is the path of market exchange rate likely to be over the next several years?
Sal's International is a popular haircutting and styling salon near campus of University of New Orleans. Four barbers work full-time and spend an average of fifteen minutes per customer.
major goal of the World Trade Organization and comparative advantage means that one nation can produce and expansion of commercial bank lending
Identify and discuss any two modern day events that illustrate interconnections between countries. Be sure to be specific about the events, and clearly explain ways in which such events evidenced the interconnections between countries.
If the European slump also leads to a slowdown of the other economies that import goods from the United States, the effect could be larger. Assume that US exports decrease by 5% (as a result of changes in foreign output) in one year. What is the ..
The following table explaines the production possibilities of 2-cities in the nation of Boston, determine the price of white socks in terms of red socks in Boston?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd