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Suppose there are two countries in the world, US and Japan. There are Americans in Japan, and Japanese in the US. Within the US, the market value of all the final goods and services produced by Americans is $200 billion, and the market value of all the final goods and services produced by Japanese is $20 billion. Within Japan, the market value of all the final goods and services produced by Americans is $50 billion, and the market value of all the final goods and services produced by Japanese is $100 billion. what is the GDP of Japan?
a. Raw sugar prices rose by 3% and raw sugar consumption declined by 2%. b. A 10% increase in the price of cigarettes reduce smoking among 8th to 10th graders by 10%. c. The price of luxury cars increases by 4% while the quantity demanded decreases b..
Production engineers at Sinotron believe that a modified layout on its assembly lines might increase average productivity (measured in the number of untis produced per hour). However, before the engineers are ready to install the revised layout o..
Suppose that an auto company owned entirely by german citizens opens a new factory in south carolina. What sort of foreign investment would this represent Would the effect pm the U.S. GDP be larger or smaller
oprah just inherited a house with a market value of 150,000 and she does not expect the market value to change. Each year, will pay 300 for utilities and 2000 in taxes. She can earn 4 percent on money in a bank account. Her cost of living in the h..
A. Calculate the marginal opportunity cost of each combination. B. What is the opportunity cost of combination C C. Suppose a second nation has the following data.
A large water utility is planning to upgrade its SCADA system for controlling well pumps, booster pumps, and disinfection equipment, so that everything can be controlled from one site. The first phase will reduce labor and travel costs by $28000 p..
About 60 percent of the funds was directed at reducing the supply of drugs through domestic law enforcement and interdiction. Some critics of this approach argue that supply-side approaches to reduce the drug supply actually help drug producers.
A company's first year's operations can be summarized as follows: Revenues: $110,000 Expenses (except CCA): $65,000 Its capital asset purchases in the first year totalled $100,000.
Consider an economy that is operating at full-employment level GDP. Assuming the MPC is 0.90, predict the effect on the economy of a $50 billion increase in government spending balanced by a $50 billion increase in taxes.
Assume the players are monopolists, but the teams are competitive in the labor market. Calculate the marginal revenue product of labor (MRPL) and find the equilibrium wage and quantity of labor.Find the equilibrium wage and quantity of labor.
Consider the partial equilibrium setting in which the market inverse demand is given by p(y)=90-2y. Consider that there is a representative firm whose cost function is given by c(y)=4y^2.
Determine which of the following is a test of the statistical signficiance of the entire regression equation?
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