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Q. Assume that the poorest country in the world is Democratic Republic of the Congo and the richest country in the world is Luxembourg. Assume that Democratic Republic of the Congo has a per capita PPP GDP of $373 and Luxembourg has a per capita PPP GDP of $89,012. If Luxembourg grows at 1% per capita per year and Democratic Republic of the Congo grows at a healthy 3% per capita, how long will it take Democratic Republic of the Congo to catch up with Luxembourg?
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Explain how each of the following variables will be affected by proposed steps that you have identified in the first part of the discussion: money supply, interest rates, inflation rate, aggregate demand, and output. Provide support for your respo..
Who has the comparative advantage in what product. Once they specialize, how much does output increase. What are the terms of trade if the United States trades 1 can of soda for 5 units of clothing.
Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.
Relative to Tom, does Dick require more bananas, less bananas, or the same number of bananas to give away an apple.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Why all the balance of payments accounts be in surplus. What factors determine the demand for British pounds in foreign exchange markets.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
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