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Q1. A Growth at a rate of 2.5% may seem slow but this means a country GDP will double within 28 years. 100 (1+0.025)^28 = 200 if the growth rate is 3% then the economy will double its production within 24 years. Calculate the economic growth rate? Also, Do economies converge?
Q2. Indentify firms that periodically shut down their operations. What are the conditions that exist when they shut down their operations and the conditions that exist when they resume their operations.
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
Explain how the short-run Phillips curve, the long-run Phillips curve, the short-run aggregate supply curve, the long-run aggregate supply curve, and the natural rate hypothesis are all related.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
Why did people believe the difficulties Aisian economies were expericing in 1997-1998
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
In an effort to provide tax relief for households while still balancing the budget, Congress votes to raise business taxes and decrease personal taxes.
Similarities in the definitions of management quoted from authors of management textbooks
he perfectly competitive form maximizes profits by producing 10 units of output. At what price does it sell these units.
The trade or business of manufacturing dolls and accessories
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
Describe the Schumpeterian notion of "creative destruction"
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