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Question1) What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Question2) Determine national income (NI) for 2008 and what does national income tell us? Discuss the difference between GDP and NI? How has NI changed since 2008? What caused these changes?
Question3) What was disposable income (DI) for 2009? What does disposable income consist of? How did DI change from 2008? What caused these changes?
Question4) Does GDP measure the well-being of society? Why or why not?
Question5) What was GDP in 2008 (sometimes called GSP) for your state? How does your state rate when compared to other states?
A student is taking two courses, history & math. The probability the student will pass in the history course is .60 and math is .70. The probability of passing both is .50.
A pint of British marmalade costs a United States customers $10. Assume that the dollar depreciates against the British Pound, the pint of British marmalade for the United States customer will cos
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
Multiplicative decomposition method
Scores of high school students on a national mathematics exam in Egypt were normally distributed with a mean of 86 and a standard deviation of 4.
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
When disparities exist from census information, housing starts data and other research data when seeking for information to help with predicting the power tool market
Each society in the nation is suddenly responsible for designing its own local commodity based financial system, and you have been assigned the task of selecting what commodity your society will use and how it will be implemented.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
Assume that you have a normal distribution with mean =0 and variance =1. Assumee you control a likelihood test for mu =.07 and another likelihood test for mu =8.
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