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Q. Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assume this economy is closed to trade, and calculate consumption, government purchases, national saving, and investment.
Susie's boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost.
The risk premium it charges on its loans is classified as profits in economics.
Is the product considered elastic, inelastic or unitary elastic. In a few sentences Illustrate what effect does the present supply also present Demand have on this product.
Can you think of circumstances in which each industry would exhibit the same capital-labor ratio in both countries.
Impacts on currency markets and on economic conditions within the country and globally.
Do you see our communities growing closer together or further apart. One page double spaced.
If it had doubled its land as well as labor, production would have been 325000 bushels. Does it have increasing, decreasing or constant returns to scale.
Graphically elucidate the derived storage function and carefully explain and show how you determined the location of the two intercepts of the function.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
Product Y can be sold at a profit if $100 per unit, and product K can be sold at a profit of $25 each.
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
Assume that the central bank takes the drastic strategy in part 1, but that the private sector has rational expectations.
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