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Use the information on U.S. real GDP below to calculate real GDP per person for each year. Then use these numbers to compute the percentage increase 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
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
Find out the marketplace value of output and household saving. What is the relationship of saving and investment.
Problem on standard deviation
Which type of firm faces the most elastic demand curve? In which of market structures are firms able to earn both accounting and economic profits in the long run?
Discuss the Coase Theorem. Illustrate what this theory imply about the role of goverment in dealing with market externalities.
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Describe the two key tools of monetary policy, and explain how they would be used by the Bank of Canada to implement a contradictory monetary policy.
The investment demand curve is a useful tool to summarize an important and complex relationship in the economy. The determinants that may cause this Investment Demand Curve for the U.S. economy to shift are acquisition
Elucidate how your explanation differs from the explanation for the downward sloping demand curve for a single product.
The federal government, in an effort to stimulate the economy also decreases taxes on all individuals except those earning over $250,000 per year.
Explain how do the relationships between Congress think about both houses also the American people function today.
Illustrate what is nominal GDP. Illustrate what is real GDP included in each.
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