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1. Explain the four broad categories of GDP using consumption approach. Give explained account of each component.
2. Describe the difference between GDP and GNP. What adjustments requires to be made to GDP to arrive at GNP?
3. Determine the "Natural Rate of Unemployment" ?
4. Why do some economies grow faster than others?
Suppose the demand curve for a product is given by Q = 300-2P+4I where 'I' is average income measured in thousands of dollars. The supply curve is Q = 3P - 50.
Make supply and demand diagrams for market A for each of the following. Use these diagrams to determine how each of following changes in demand or supply affect equilibrium price & equilibrium quantity.
You are the manager of Taurus Technologies, and your sole competitor is Spyder Technologies. The two firm's products are viewed as identical by most consumers.
Suppose that the domestic demand and supply for hats in a small open economy are given by-Where Q denotes quantity and P denotes price.
Discuss the impact of the national debt on the American economy. Use principles and concepts you have learned in this macroeconomics class.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Describe the creation of money from excess reserves and multiple deposit expansion in banking system. How does the multiplier affect the supply of money?
As seen during financial crisis of the 1930s and in history, markets are globally interconnected. Aside from financial markets, different countries have different resources.
Discuss why the same types of problems may exist in government as well, where elected officials are the agents and voters are the principals.
Illustrate what were some changes of the demand also supply fconditions that lead to the housing market bubble and collapse
Explain how might a portfolio manager use financial futures to hedge risk in each of the following circumstances.
Discuss, relating in part whether such highways are public goods and whether or not privatization should work.
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