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Consider Country S: In 2019, Country S had $14 trillion in consumption spending, $5 trillion dollars in government consumption, $3 tillion in business investment, $6 trillion in intermediate goods, $1 trillion in exports, $3 trillion in imports, $0.5 trillion in sales of used goods, and the government collected $2.5 trillion in taxes. Calculate the GDP of Country S in 2018 using the expenditure approach to GDP.
a. $19.5 trillion
b. $20 trillion
c. $21 trillion
d. $22 trillion
e. $23.5 trillion
f. $24.5 trillion
g. $29 trillion
h. $30.5 trillion
Suppose the MWTP in periods 1 (now) and 2 (one year from now) is given by P = 8-0.4q. Marginal extraction cost = $2. r = 10%. The available supply is 20 units. Suppose 13 units are consumed in period 1 and 7 units in period 2. Calculate the present v..
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Provide an example of a good and a negative externality associated with it. Explain the possible ways that negative externalities can be controlled. Describe what happens in the market if a tax is imposed on the output of the good (not the externalit..
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
National deficits are inherent features of capitalism which sustain the global system of capital", How does this reflect on impact of immigrants
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How does depreciation affect capitol investing decisions? Any examples?
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