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Discuss the components of Gross National Product (GNP)? How does it understate aggregate production in Third World countries where substantial economic production may be consumed directly and thus not reach markets where it can be measured? Finally, is per capita income (PCI) a good measure of the level of living people enjoy or are the data skewed, given substantial differences in the distribution of income especially in Third World countries? Construct a 200-250 words posting in which you respond thoroughly, with at least one library source.
Organization where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms.
Provide each of the subsiquent price elasticities, determine whether marginal revenue is positive, negative, or zero.
ACME Corporation consists of 250 grocery stores throughout the Midwest. At the starting of 2008 its statement of net worth showed the following data,
If velocity is unchanged and the money supply grows by 13% and the real GDP grows by 4%, what is the rate of inflation?
Elucidate how the topic you chose relates to the growth of US banking overseas.
Show the weekly relationship among output also number of workers for a factory with a fixed size of plant.
Suppose a production function is given by f(K;L) = KL 2 What combination of labour and capital minimizes the cost of producing any given output?
Explain how do you balance human suffering with the economic realities.
If the desired fiscal stimulus is $20 billion and the desired AD increase is $50 billion, we can conclude that the MPC is:
Elucidate the elasticity of demand given the price and income combination.
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
If the Fed changes the money provide to match the change in money demand, what will happen to the interest rate over time.
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