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Imagine a closed economy in which two industries exist: Red and Blue. Inventories do not change
Industry Red produced all machinery and intermediate inputs of this economy with total sales of 100. It paid 50 on wages, 20 on rent and 15 on interest.
Industry Blue produced consumption goods only. It paid 80 in wages, 30 in interest, 25 in rent and it made a profit of 10.
We want to estimate GPP. What approach or combination of approaches to Planet Accounting do we need to do this accurately?
A certain production process employs two inputs labor (L) and raw materials (R). Output (Q) is a function of these two inputs and is given by the following relationship: Determine the total product function (TPL) for input L. Determine the marginal p..
If we also know the total adult population who are unemployed was 10 million. What is the number of total labor force in 2009 (round up)?
Stagflation can be a nightmare to an economy and to the country's policymakers/residents because it can be difficult to fix.
The expansion will cost $60 million and will be financed with $40 million in new debt initially with a constant debt equity ratio maintained thereafter.
Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..
The differnce between the nominal and real exchange rates is that: a) nominal rates are temporary, while real rates are permanent b) the real exchange rate is the actual rate used by traders c) the real rate takes relative purchasing power into accou..
How does the Singapore government employs expansionary fiscal policy by increasing its spending to help business and households in order to reduce unemployment?
As the price of margarine rises by 20%, a manufacturer of baked goods increases its quantity of butter demanded by 5%. Calculate the cross-price elasticity of demand between butter and margarine. Are butter and margarine substitutes or complements fo..
Explain how social, political, and economic institutions interact with one another. You may explain by using an example, if you wish. Describe the effects of tariffs not shown by partial equilibrium analysis. (Partial equilibrium analysis is shown in..
Gross domestic product measures... The consumer price index is used to measure inflation over time by cataloging the price of the same basket of standard consumer goods. In the year of my birth, 1987, the consumer price index was at 113.60. By 2014, ..
Calculate the currency-to-deposit ratio (cr), and the money multiplier (m) given the above values. Calculate total required reserves (RR), total actual reserves (AR) and the monetary base (MB). Now assume the FED lowers the required reserve ratio to ..
1. Why is monopoly identified as a microeconomic problem? 2. Develop an algorithm for the scenario.
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