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Use the information on United State real GDP below to compute real GDP per person for each year. Then use these numbers to calculate the percentage (%) raise in real GDP per person from 1987 to 2005.Year Real GDP (2000 prices) Population1987 $6,435,000 million 243 million2005 $11,092,000 million 296.6 million
Describe the distinguishing features of various forms of regional economic integration, including their benefits and costs.
You're the manager of a paper mill and have been subpoenaed to appear before a joint session of the Senate Consumer Affairs and the Senate Environmental subcommittees.
Explain how would each economist explain unemployment and what policies would each advocate.
If the cost of a substitute product increases, which of the following is most likely to happen in the market for the product under consideration in the short run.
Estimate the relationship among inflation,unemployment and business cycle on the industry.
Fewer potatoes are demanded when the price of rice has fallen from $ 0.25 to $0.10 cents per pound-The Molly Jock wants to buy a high definition television to watch the Olympic Greco roman wrestling competition in Beijing.
Government imposes excise taxes on goods which have inelastic demand, such a cigarettes.
A woman who anticipates comprise a large family takes a job with a firm that offers exceptional child care benefits.
What is autarky price and quantity equilibrium for both home and foreign? What is the open trade price and volume under free trade.
Discuss three ways in which the Federal Reserve can change the money supply.
Suppose Bank of Canada (BOC) purchases $100 million worth of government bonds from a chartered bank. Assume BOC imposes 5% legal reserve requirement ratio to the banking system.
Engineers at the national research laboratory built a prototype automobile that could be driven 180 miles on a single gallon of unleaded gasoline.
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