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According to economic growth theory, the level of the GDP and the rate of the real GDP growth rate have different economic implications about the economic well-being of a country. If you are given the options, would you rather live in a nation with a high level of GDP and a low growth rate or in a nation with a low level of GDP and a high growth rate? Why?Economists consider education as an investment that has both private and social benefits. Education is also the major source of human capital, which is the most important form of capital for the long term economic growth. What is the opportunity cost of investing in human capital? Do you think a country can "overinvest" in human capital? What is the opportunity cost of attending college? Explain.Answer can be a maximum of 400 words.
What is meant by the Golden Rule and use the Mankiw Golden Rule graph to discuss whether this increase in the US s would have any effect on the GR variables of interest.
The entrant and incumbent both only care about their own monetary payoff, what is/are the game's Nash equilibrium.
In the 1st half of the 20th century, AT&T had a near monopoly on local and long distance phone service. The company charged a price for local telephone services.
Required help using economic theory and applying to real world situations and current events.
Your analyst tells you that he has estimated the following linear regression model of your company's long run technology:
Why was nominal GDP greater than real GDP in each of those quarters - What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?
Suppose that an increase in the price of grapse from $1.20 to $1.40per pound raises the amount of grapes the grape farmers producefrom 1.2mil pounds to 1.6 mil pounds. Use the midpoint method, what would the elasticity of supply be?
Your decision to pursue a higher-level degree is based on investment in human capital. What are the marginal costs and benefits of pursuing additional education and the inherent risks associated with this decision?
Helen is buying a 12,375 car with a 3000 down payment, followed by 36 monthly payments of 325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month.
consider the following demand schedule for movie ticketsprice nbsp nbsp nbsp nbsp nbspnbsp quantity demanded
You're the absolute czar and head of union of 1,000 plumbers in Austin, Texas. You've the absolute power to set the wage at which the plumbers will work. You wished to achieve full employment at highest possible wage; (b) you wished to maximize the..
Discuss some obstacles to successful international economic rule coordination in terms of current global economic and political policies and their effect on business conclusion?
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