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Explain one specific way in which a government in South Asia has not helped their people living in poverty. Compare this to a way the American government has or has not helped Americans living in poverty.
Several costs may be associated with firms that use the market. These include which of the following:
If average fixed cost equals 40 and average total cost equal 100 when output is 10 then total variable cost when output is 10 must be?
The GDP deflator is a good cost of living index. GDP is more volatile in the short-run than the long-run. All government spending is in GDP. If GDP is adjusted for purchasing power, the US usually improves its relative position.
Explain how to determine the number of elements in a previously defined single-dimension array
Assume that a “leader country” has real GDP per capita of $50,000, whereas a “follower country” has real GDP per capita of $25,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 2 percent..
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
In a new, highly automated factory, labor costs are expected to decrease at an annual rate of 5%; material costs will increase at an annual rate of 4%; over-head costs will increase at 8%. The labor, material, and overhead costs at the end of the fir..
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
Suppose a firm's inverse demand curve find the firm's optimal quantity, price also profit by using the profit also marginal profit equations.
What is wealth distribution? Why it became a major concern for developed economies especially since 1990s? What is wrong with a society with moderate income inequality but severe wealth inequality? What kind of measures can be taken for reducing weal..
Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year. Calculate the long-run rate of inflation according to the quantity theory of money. Suppose the growth rate of money rises to 10% p..
Recall the quantity equation, MV = PY. In the Classical framework using the quantity equation, a 5% increase in M causes a 5% increase in P without affecting Y. Bearing in mind the effect of a decrease in interest rates on investment spending and rea..
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