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Use the data on U.S. real GDP below to compute 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) population
1987 $6,435,000 million 243 million2005 $11.092,000 million 296.6 million
American unions often try to win public support for boycotting goods made in less-developed countries by workers who work very long hours at low pay in unhealthy conditions. If successful, will these efforts unambiguously help the targeted foreign..
Analyze how the different forces will come together to create a convergence between the interests of stockholders and managers. Speculate about the implications for the goals of the firm as to whether to maximize the industry's profits or to create..
ut as gasoline prices soar and concern about the environment mounts, the need to conserve gasoline has become increasingly clear. What would it take to reduce the overall demand for gasoline in the United States
The European Union has heavily sheltered its farm sector through import duties; in addition, Union subsidizes its exports of agricultural items. If cropland is regarded as a factor of production.
Explain the impact of external costs and external benefits on resource allocation and why are public goods not produced in sufficient quantities by private markets?
Explain at least three important distributional challenges associated with global climate change policy also describe four of the advantages of global price approaches to climate change advocated by Nordhaus.
California prisons are overcrowded. The State has the choice between building new prisons and relaxing parole standards (so that prisoners are released on parole earlier). Due to the budget crisis, it has chosen to relax parole standards.
The world is becoming increasingly interdependent, and bank's consumers have rising choices in where and how they do their banking.
Present the viability of the gasoline, planning the demand cost, market conditions, and economic conditions. Determine the market structure in which the selected good or service competes.
Suppose the spot exchange rate in dollars and yen is e=$1/100yen. The interest rate on a 6 months dollar denominated assets is i($)=1 percent and interest rate on comparable 6 months yen denominated assets
Assume that the interest rate in Irish banks is 5 percent for a one year CD. In the United States, the rate is 2 percent for a one year CD.
Assume the free trade market price of a car is $10,000. It contains $5000 worth of steel. The importing country imposes 25 percent tariff on car imports.
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