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Problem
G ross Domestic Product (GDP) is the broadest measure of output for an economy. However, GDP does not perfectly measure well-being of a nation and its citizens' welfare. Discuss what GDP is and what it measures? Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?
How the country's policies influence its productivity growth? How the country's financial system is related to key macroeconomic variables? How your organization can reduce the risk they would face in relocating?
At an output of 9, MC = 20 and AVC = $25. At an output of 10, MC = $32 and AVC = $26. What is the lowest price the firm will accept in the short-run?
In One-period general equilibrium model, what if the level of the public good is endogenous variable that is chosen by the government. We know consumer's preference and budget, firm's production function and the government is imposing a labour in..
Why is it that taxes tend to have a smaller multiplier than government spending? If government spending and taxes were both to be increased by the same amount, would there be any change in income? Why or why not?
problem 1 luke likes to consumer cds good1 and pizzas good 2. his preference over both goods is given by the utility
Distinguish between backwash effects and spread effects. Are these the same as vicious circles and virtuous circles? How do these two ideas of Myrdal's.
Beth plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy is 6%.
QUESTION 1: Consider the following situations and indicate whether cconsideration is present and whether Jack has an enforceable agreement: a) Jane is going overseas and she offers to give her Lotus Super 7 sports car to Jack. The market value fo..
The Speed Cash System is used to transfer money from one place to another within a day. This is basically used to speed up the money transfer. The necessary information for the money transfer from the source bank to the destination bank is sent in..
What do you think this means for American imports from your country? What do you think it means for American exports to your country?
Compute and contrast the way Keynes and Friedman approach the economy. What are the key differences and similarities.
If the annual rate of economic growth is 3.5%, and labor and capital are growing at 2% annually, what contribution is made by total factor productivity? Labor receives 75% of the total income generated in this model
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