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Assignment:
In acknowledgment of the shortcomings of the use of GDP several alternative measures have been developed to supplement the quantitative measure of GDP per capita. Discuss 2 of these alternative measures.
a. what are the arguments for and against the use of fiscal policy to fight inflation lower unemployment and raise gdp
Using the exchange rates and prices in the tables above:
Consider a single monopoly that faces a market demand curve for a good is given by the equation P=100-.1Q and the total cost function is given as TC=1000+20Q-.4Q(^)(2). What is the total fixed cost for this monopoly?
Describe how macroeconomics is involved in health care reform plans. Compare how access, quality, and cost are components of the U.S. and European health care reform plans
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years.
1. change in quantity of hybrids divided by change in in price of gas 0.25 and change in quantity of suvs divided
1. (i) If there was no item in the economy widely accepted in return for goods and services, how would transactions be made? How efficient would such a system be? (ii) What is the difference between a medium of exchange and a store of value? (iii) ..
Describe the price and quantity for maximum sales revenue and calculate the maximum revenue. Determine the price and quantity for minimum marginal costs and calculate the minimum marginal cost.
A utility-maximising consumer changes their spending for goods X and Y so that:
Suppose that the town council needs to raise $300,000 in revenue and decides to do this by taxing the cigarette market. What should the excise tax be in order to raise the required amount of money?
If a dealer of rare artifacts purchases a 2nd Century Roman Vase for $250,000 and sells it to a wealthy collector for $320,000 during a given year, how much has been added to GDP for that year? A. Nothing, because the vase was produced centuries ago...
Please read the case "Money and Prices during Four Hyperinflations" from Chapter "Money Growth and Inflation". Saudi electronic university.
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