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The national income accounts of Parchment Paradise are kept on parchment. A fire destroyed the national statistics office, and the national income and product accounts are now incomplete. But they contain the following information for 2002: Net domestic product at factor cost was $4,350; consumption expenditure was $3,000; indirect taxes less subsidies was $120; net interest was $300; rental income of persons was $150; investment was $1200; government purchases of goods and services were $1200; proprietor's income were $300; compensation of employees was $3,000; exports were $400; and imports were $700.
You' ve been hired as an economist to reconstruct the missing numbers by calculating for 2002: a. GDP. b. Corporate profits. c. Capital consumption allowance. Can anyone help me with this??
How does each answer compare to the answer the original Solow model would give when s increases, both qualitatively and quantitatively and instantaneous increase in the growth rate of productivity
How will a substantial increase in demand for housing affect the wages and employment of carpenters, plumbers, and electricians?
Think the single-index model. The alpha of a stock is 0 percent. The expected return on the market is 12 percent. The risk-free rate of return is 6 percent.
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Consider the following situations related to a sports stadium in a city. Assume this is the primary venue for sports games. Decide whether the city government is likely to intervene to enforce antitrust law or not. (a)The stadium is purchased by a..
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Price discrimination occurs when a.the supply of the product is elastic b.a product's average cost is greater than its average revenue c.a product's average cost is less than its average revenue d.differences in a product's price reflect differences ..
in november 2011 the us immigration and customs enforcement agency seized 150 web sites accused of selling counterfeit
An individual competitive firm’s short-run supply curve is the portion of its marginal cost curve that equals or rises above the average variable cost. Describe why
Write the equation(s) for the new budget constraint
Choose one company from the market structure of monopolistic competition and one company from oligopoly. State which characteristics fit and make these market structures fit to the description.
Barack Obamas presidential campaign grassroots organizing effort using the Internet's variety of social-networking tools is considered.
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