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1. Last year Company X sold 100 widgets at $1000 each and this year it sold 104 widgets at $1060 each. Calculate:
a) The growth rate of prices
b) The growth rate of X's contribution to nominal GDP
c) The growth rate of X's contribution to real GDP.
2. Over a year nominal GDP grew 5.2% and prices rose by 2.3%. Calculate the growth rate of real GDP.
a. Would your company save money in the writing of the 30 legal briefs by hiring the four paralegals and firing some attorneys?
Analyze the government’s role in the protection of the environment. Be sure that your analysis includes a look at one of the following: conservation, environmentalism, protection, global warming, and energy concerns.
What are the differences between the Federal Reserve and a National Bank (specifically, with regard to their intervention policies and powers for acting within the economy)?
A market is characterized by a demand curve that can be expressed as P = 96 – (1/3) Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 12 q. There are no fixed costs. If the 2 duopolists behave a..
Suppose the currency-to-deposit ratio is 0.2, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.1. Which will have a larger impact on the money multiplier: a rise of 0.05 in the currency ratio or in the excess reserves ..
Complete this statement by filling in the blanks with the words "increase" or "decrease": The entry of an additional firm in a mon. comp. market _____________ the profit per unit of output because entry ________ the price and ____________ the average..
Pure competition, Oligopoly, Pure monopoly, monopolistic competition. Describe each and give an example.
This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%
What is the difference between a small business owner and an entrepreneur and Which are you or do you aspire to be?
Think about our economy. Irrespective of economic conditions, we consume many goods and services in various quantities. There is a constant allocation and re-allocation of resources. How does this happen? What economic mechanism helps allocate resour..
You purchase a 1 year T-bill with a $10,000 face value at a price today of $9,756.0975 (a) What is the implied yield to maturity on the 1 year bond? (b) After 1 year, what is the rate of return of the T-bill?
Draw a set of coordinate axes on a piece of graph paper. label the horizontal axis from 0 to 5 units and the vertica axis from $0 to $20 per unit. draw a demand curve that intersect that vertical at $10 and horizontal axis at 40 units
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