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What do we call an estimate of the amount of capital worn out or used up (Consumed) in producing the GDP; depreciation?
Compute the velocity for the two countries in 1985. Explain why do you think the velocity was so much higher in Brazil.
What nation would you choose to trade with and why.
Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is d..
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
The potentially valid arguments for tariff protection-military self-sufficiency, infant industry protection, and diversification for stability-are also the most easily abused." Why are these arguments susceptible to abuse
Provide a clear discussion of at least one economic issue raised in the article in your own words. Why is this story/topic/issue significant for macroeconomists?
If a firm pays employees hourly and guarantees every employee 35 hours per week, how would the firm categorize its labor costs - what is the marginal cost of the 10th unit of output?
Write down to one paper on John Maynard Keynes the paper will follow proper MLA format and bibliography.
With the unemployment salary at an hourly rate of $7.25 do youbelieve that this helps our economy, does it hurt oureconomy? Should it be higher as there are other states andcountries that have a higher base salary for unemployment
Consider two firms X and Y produce identically tasting cold drinks. In order to increase the demand for its cold drink, firm X increases its advertisement outlay. However the advertising doesn’t increase its demand in the long run. Explain why this m..
Economist Milton believes that expectations of inflation change quickly in response to new policies, whereas economist James believes that expectations are very sluggish. Which economist is more likely to favor the proposed change in monetary polic..
Illustrate what relative amounts of capital and labor will be employed to maximize output.
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