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In the following situations, explain what is counted in this year's GDP:
a. You bought to new Wii at Game stop last year and resold it on eBay this year.
b. You purchase an Investing for Dummies book at Barnes & Noble.
c. You purchase a historic home using the services of a real estate agent.
d. You detail your car so it is spotless inside and out.
e. You purchase a new hard drive for your old laptop.
f. Your physical therapist receives $300 for physical therapy but reports only $100.
g. Apply buys 1,000 motherboards for use in making new computers.
h. Toyota produces 10,000 new Camrys that remain unsold at the end of the year.
Suppose the government increases purchases in an economy with a recessionary gap. How would this policy affect bond prices, interest rates, investment, net exports, real GDP, and the price level? Show your results graphically.
Read the following three situations. Describe what you would do in EACH situation. Integrate the elements of reasoning and intellectual standards in your writing to show an understanding of the material behind your personal example.
A 4-year annuity of eight $8,200 semiannual payments will begin 9 years from now, with the first payment coming 9.5 years from now. a) If the discount rate is 14 percent compounded monthly, what is the value of this annuity five years from now? If th..
Briefly describe two (2) products (goods or services) offered at a business you are familiar with. Next, identify two major competitors and describe the two products they offer that compete with yours.Describe your unique selling proposition (USP). H..
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.
Describe the options at the disposal of the government to finance a fiscal deficit. What are the relative advantages and disadvantages of each option?
Calculate dollar rates of return on a deposit 10,000 pounds in a London bank in a year when interest rate on pounds is 10 percent and dollar/pound exchange rate moves from 1.50 dollars per pound to 1.38 dollars per pound.
What happen if he goes to market, he must feed the horse 50lbs of rice. draw the budget constraint for beans and rice
Assume that you work for a large national company with several stores in each state. Which regression method should be applied to using "big data" that the company generates to answer questions about store revenue performance over time and to generat..
Suppose that you buy a bond for $100 that pays four percent interest per year. Explain how much money will you have earned when the bond reaches maturity in five years.
What are the components of aggregate expenditure. What determines the slope of the aggregate expenditure line.
Imagine that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your ..
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