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Define economic growth and explain what it means in terms of standard of living.
Explain how economic growth can help to alleviate major global problems, such as high rates of infant and child mortality in Africa, and how these improvements can lead to further future economic growth.
What happened at the end of the eighteenth century that radically altered the rate of global income growth and standard of living?
Why is it necessary to adjust changes in nominal gross domestic product (GDP) for changes in prices and changes in population (i.e., computing real per capita GDP) before using it as a measure of economic growth?
A news report includes this sentence: "Angola's economy grew by over 30% last year." Explain how that sentence could be highly misleading.
Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards more efficiently. The punch has a first cost of $150,000 and a useful life of 15 years. At the end of its useful life, the punch has no salvage value..
Estimate the relative importance of economies of scale and comparative advantage in causing the following:Much of the world's most expensive wine comes from France.
What rate of return is earned by purchasing the bond at the current market price plus a brokerage charge of $20?
During the business cycle, we can expect supply side economic growth:
1) Graph and calculate the price-output solution under competitive market assumptions.
Based on topic of Global Markets, please post your comments on any one of the two questions. More and more companies are looking beyond the domestic market. Identify and briefly describe some of the forces that have resulted in increased global integ..
assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in thi..
State the appropriate hypotheses, derive the appropriate LRT for this case, perform the test and reach a conclusion.
Assume that starting salary for an SDSM&T Industrial Engineering graduate is $56000/year, and that the engineer will work for 30 years before retiring. At 4% inflation (treat as interest), would it be better to negotiate a $5600 per year raise, or a ..
As people consume more and more of a particular good or service, we can predict that a. Marginal utility of each additional good consumed will fall and total utility will increase, but more rapidly than before
"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree?
What is the assumption that allows a diff-in-diff estimator to be unbiased (don't say strict exogeneity, we want something more specific)?
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