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The New Dawn Government has been on the pursuit of foreign investors but has made little progress so far. In a forum with investors, the Chief Marketing Officer His Excellency President Hakainde Hichilema has faced challenges in attracting the much needed foreign direct investment (FDI) on account of having lower gross domestic product and lower population.
TASK
As a graduate of Macroeconomics:
1. Explain to the president the importance of GDP vis-a-vis population.
2. Explain how Zambia can grow its GDP.
the number of the world-wide wireless phone subscribers will soon reach the 1 billion mark. In the U.S. alone, the number of wireless subscribers is projected to grow by almost 17 million subscribers per year for the next five years.
BMW has MC=$20,000 and FC=$10billion. Demand for markets in Europe and US are Qe=4,000,000-100Pe and Qu=1,000,000-20Pu. Prices and Costs are given in thousands.
a. Given the above information, what is this monopolist's profit maximizing price and output if it charges a single price? b. Given the above information, calculate this single price monopolist's profit. c. At the profit maximizing quantity, what is ..
Educational supplies and equipment.
Suppose there are two goods, good C and good D. the cross-price elasticity of demand for these two goods is equal to - 0.8. a. What is the relationship between good C and good D? Explain your answer.
Most wild Asian tigers are the common property of the humans and governments that control the lands they inhabit. Why does this pose a significant problem for maintaining the wild tiger population in the future.
Different societies view unemployment differently. Some view it as a social ill and others as an economic problem. For instance the USA unemployment insurance.
How does the expenditure approach calculate GDP. It adds up all the incomes in the economy, It adds up the value of four groups of final goods and services or else.
Describe three ways we can use macroeconomic analysis, with one original example for each way.
If Y is 1,500, what is planned spending? What is inventory accumulation or decumulation? Should equilibrium Y be higher or lower than 1,500?
Acoording to their annual report, John Deere's purpose is to earn a profit while innovating farm technology. This statement describes Deere's:
The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a "once in a century credit tsun..
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