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1. Suppose past year's real GDP was $7,000 billion, this year nominal GDP is $8,820 billion, and GDP deflator for this year is 120. Determine the growth rate of real GDP? Does this demonstrate an improvement in economic welfare? (Clearly explain your answer)
2. Assume the value of the French Franc in terms of the dollar is 50 on October 12 , and 44 on October 17.
By how much has the Franc appreciated or depreciated against the dollar?
3.Assume the Value of French Franc in terms of the dollar is 40 on October 12 and 45 on October 17.By how much has the Franc appreciated or depreciated against the dollar?
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4. A -------------in the exchange rate makes imported goods and services more expensive in the US. Producers may then pass on higher costs of imported components and raw materials onto consumers. This causes extra ------------ ------------ inflation (identify the type of inflation to fill in the blank). Wages may rise in response to this, thus triggering off the possibility of a wage-price spiral.
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
Save their domestic industries from facing any competition. It is an unrealistic approach as all the countries endeavor to achieve the same objective.
Discuss how conservatives, liberals and radicals explain the causes of and solutions to poverty. what evidence do they use to support their view.
Illustrate what happens to the supply curve and the equilibrium point when a new technology improves a production process.
Article: Why you should worry about big oil. The oil industry is in the business of extracting and selling oil. It is the goal of the oil companies to do this as efficiently as possible.
It is the measure adopted by the Government for its UK inflation target. The Bank of England's Monetary Policy Committee is required to achieve a target of 2 per cent. Inflation is the percentage change in the index compared with the same month one..
Is Guatemala debt makes if the government runs a balanced budget in both a and b.
Could you offer your opinion, no citations, from two different perspectives on the internet trends.
Draw a diagram showing the current situation of the firm. In addition to the above information, suppose the price of the output is $13/unit, if the firm wants to maximize its profit, what should it do? Explain in detail with the aid of a diagram.
Assume the supply for good x is estimated. Is good x storable. Explain it numerically the data you are using to suppor answer.
Assume that software purchases by businesses are treated as expenses, as they were before November 1999. Calculate GDP using three different approaches: expenditure approach, income approach, and product approach.
Suppose the relationships hold true and given performance below, what salary would you estimate for each player in 2006.
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