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Explain why the purchase and sale of used goods and of financial assets are not included in the calculation of GDP even though transactions in these items amount to billions of dollars daily.
Suppose that the economy of an island H is described by the following equations: GDP (Y) = 8000, government expenditures (G) = 600, Taxes (T) = 1000, Consumption (C) = 400 + 3/4 (Y-T), and investment (I) = 800 – 200r. What can you conclude about the ..
Democracy, Government Responsiveness, and Electoral Accountability: In the modern theory of the state, economists tend to think of the role of government as that of a (benevolent) social planner. How does the ‘new political economy’ depart from this ..
Tina hires leff to do odd jobs around her horne and agrees to pay him $5 per hour' Tina further agrees to guarantee Jeff at least 40 hours of work per week' and to pay him l,5 times his base pay for any hourswor kedbeyond 40. If Jeff works 45hours th..
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time? 1. Write your indiv..
Also discuss how the economy might transition to a LR equilibrium. Graphs of DAD/DAS space and written discussion are required.
A bank is earning 4.72 percent on its $160 million in earning assets and is paying 2.8 percent on its liabilities. What is the bank's interest rate spread?
q1. suppose that the government imposed a 1 tax each time someone used the atm. how would this effect output and the
Consider the bathtub model of unemployment. Let E= 45 million and U= 15 million. If in the next month, the job separation rate is equal to 0.04 and the job finding rate is 0.3, what is the number of unemployed individuals next month?
According to Banerjee and Duflo, are poor people caught in a poverty trap, so that their pursuit of the things they need for immediate subsistence prevent them from saving up for better health care and education? Explain their position and the eviden..
How to use Solow growth model to explain the long run effect of raising the saving rate on capital per worker ad output per worker. Start with an initial steady state and show the new steady state on the graph. Label the graph properly.
q.suppose there are two types of men and two types of women goodbad and assume further that same-sex marriage is not
U.S. economy, like any other economy is globalized. In that context, will the policy of "America first" help U.S. economy grow at a steady rate?
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