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Discuss what GDP is and what it measures and Discuss what the shortcomings (limitations) of GDP as a measure of well-being and welfare of a nation are?
Illustrate what is your forecast of the future value of the domestic currency. Explain.
Suppose the government is running a surplus (rather than a deficit) and aggregate demand is so high that any further increases in spending will cause only inflation, with no increases in production. What should the government do with the extra mon..
Using the concepts of rational behavior, utility, opportunity cost, marginal benefits and marginal costs, and allocative efficiency and content from the economics USA comment on whether the United States should drill for oil in Alaska and off the Gul..
Suppose that the demand for the final product drops. Using labor demand curve D1 as the starting point, what happens to the demand for labor?
Think an economy with following Cobb Douglas production function; Determine the equation describing the demand for labor in this economy?
What are some of the issues economists study, and why is economics often called "the science of choice"? What are the foci of inquiry in microeconomics and macroeconomics respectively?
Provide the demand curve in part a, what is the equilibrium price and quantity. If consumer income increases to 30,000 what will be the impact on equilibrium price and quantity.
The table below shows the market basket quantities and prices for the base year year 1.Base year 1 Price in price Quantity base year yr 2 Product.
Illustrate the main kinds of information and data needed in order to evaluate a capital.
If the elasticity of demand for Anchor Steam Beer is -1, what willa 3% increase in its price do to the total dollar amount spenton it each week? (Not the total quantity.)
Under the terms of the swap, 6-month LIBOR is exchanged for 12% per annum (compounded semiannually). The average of the bid-offer rate being exchanged for 6-month LIBOR in swaps of all maturities is currently 10% per annum with continuous compounding
What are financial intermediaries? How do these intermediaries function in the economy? What is a federal government budget deficit? What is the national debt? How does a budget deficit affect the economy?
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