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Suppose that consumption is $14 trillion, investment is $4 trillion, government spending is $4 trillion, taxes are $4 trillion, and capital inflow and capital outflow are $0.5 billion.
1) Suppose that there is no government and the economy is a closed economy. How much is private saving? Why?
2) Suppose that there is a government and the economy is a closed economy. How much is a public saving? Is there a budget surplus, budget deficit, or a balanced budget? How much is a national saving?
3) Suppose that there is a government and the economy is an open economy. How much is a net capital flow? Is there a net capital inflow or a net capital outflow or no net capital flow? Is investment greater than national saving or smaller than national saving or equal to national saving?
A negative supply shock (a huge natural disaster or significant energy price spike) would do what to the short-run Phillips curve? To the long-run Phillips.
Critically discuss the differences and similarities between Trompenaars' dimensions and Hofstede's dimensions of culture.
The candidates in a multiple choice test have to choose among 4 answers for each question. Each candidate is either entirely ignorant and simply chooses.
Explain the selected theories, and then evaluate GEH's reasoning. Explain possible pitfalls for such strategy from GEH's perspective. Identify solutions to the possible pitfalls for the strategy.
Give an example, one that was not provided in the readings, of a situation and a good where your demand elasticity might change over time. Explain
Consider a corporation's decision to undertake a pollution prevention program as part of its pro- duction process. Briefly describe how this undertaking might affect the market for the company's product, and use a supply and demand model to illust..
Suppose the marginal product of labor is 8 and the marginal product of capital is 2. If the wage rate is $4 and the price of capital is $2, then in order to minimize costs the firm should use
What is the effect of a percentage point increase in the population growth rate on the odds of having a higher murder rate?
If the bank only aims to break even, calculate the interest rates charged to high types and to low types. Compare the two rates.
Determine how the following situations will affect the demand curve for ipods.
Which occupations that are forecast to grow can be linked to technological change? Which can be linked to demographic change-in particular, the aging of the U.S. population?
Assume that you are an advisor to the United States section of Justice, the agency with responsibilities that include, among others, the power to approve or disapprove proposed business mergers in the U.S.
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