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Japanese GDP in 2010 was 480 trillion yen while U.S. GDP was $14.5 trillion. The exchange rate in 2010 was 87.8 yen per dollar. Japan had higher prices than the United States: the price level in Japan (converted to dollars) divided by the price level in the United States was 1.243 in 2010. a) What is the ratio of Japanese GDP to U.S. GDP if we do not take into account the differences in relative prices and simply use the exchange rate to make the conversion? b) What is the ratio of real GDP in Japan to real GDP in the U.S. in common prices?
Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months
Suppose the saving rate is initially less than the golden rule saving rate. We know with certainty that a decrease in the saving rate will cause:
Glen spends at least 40 hours a week at his place of business. If he closed the company, he could work for his competitor earning $50,000 a year. He also owns the building the company operates in and could rent it out for $12,000 a year if he closed ..
mitchell electronics produces a home video that has become increasingly very popular with children.nbsp
assume perfect competition. summerland is a small country that takes world price of corn as given. its domestic supply
How does the demand curve faced by a perfectly competitive firm differ from the market demand curve in a perfectly competitive market? Explain.
If a small country wants to protect its domestic producers from more efficient foreign competition by imposing an import tariff, will it come out ahead Do consumers lose when a large country protects it's less efficient producers from foreign comp..
In which type of handling system is labor cost generally the highest percentage? mechanized semiautomated automated information-directed
Presume you originally invested in a firm when it was small and unprofitable. Now the firm has grown to be large and profitable. Would you be better off now if you had bought the firm's stock or the firm's bonds?
According to the classical economists, unemployment was a temporary deviation from equilibrium, and certain forces in the economy would return it to full employment. Such forces did not include a.price competition b. wage competition
expanding operations requires research and planning this is especially true when dealing with crossing borders to other
Changes in the macroeconomy
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