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1. With no change in labor productivity, what would happen to the real wage rate and potential GDP if the population increased?
2. How will an increase in physical capital affect labor productivity, labor demand, and potential GDP?
3. List and explain the factors that can increase labor productivity.
4. Begin with the formula showing how households can divide their income. Then use this formula and the expenditure approach to GDP to show how investment is financed from three sources.
5. What is the influence of the expected profit and the real interest rate on the amount of investment firms make?
6. How does the real interest affect households' decisions about saving?
Explain how do you suppose the tickets were rationed. Sketch supply and demand curves for the tickets to each of the two games.
Briefly explain relationship between market price and a firm's profitability in a perfectly competitive market. How are the Zero profit point and the shutdown point for a firm operating in a perfectly competitive market determined?
q1. research the current demand for a good or service of your choice. collect information that will affect the demand
Lisa plans to retire on her 61st birthday. On her 22nd birthday, Lisa will start savin $A per year for 40 years. Starting on her 62nd birthday, Lisa plans on withdrawing $10000 and will continue these annual with drawls until the account is exhausted..
What religion from India became very important in China and one of the three great religions?
When in Malaysia W.B. Milestone, Inc., a manufacturer of sophisticated computer parts, recently moved the operations of one of its divisions to Malaysia. The Company has hired several hundred workers at wages considerably below their U.S. counterpart..
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Utopia is described by the following equations: C=80+0.75Y I=115-10r T=20+0.2Y M=20+0.05Y G=200 X=100 Money supply=450 L=110+0.55Y-10r F= -60+2r B= F+X-M Calculate: (a) Equilibrium output level and the equilibrium interest rate plus the position on t..
A. W. Ham Jr. served on the board of directors for Golden Nugget. Inc., a Nevada corporation. In 1969, while Mr. Ham was a director and legal counsel for Golden Nugget, he obtained a leasehold interest with an option to purchase in the California Clu..
Based on the Immigration lecture and the lessons on immigration in this unit, explain the costs and benefits of immigration. What other costs or benefits to immigration would you add to this list? What are some immigration policies that you agree wit..
Market equilibrium occurs at that price for which
Consider the following supply and demand functions. Calculate the consumer surplus, producer surplus, and welfare level without the price floor. Calculate the consumer surplus, producer surplus, welfare level and dead weight loss with this price floo..
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