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The following table contains nominal and real GDP data, in billions of dollars, from the U.S. Bureau of economics analysis for 2008 and 2009. The data is listed per quarter, and real GDP data was calculated using 2005 as the base year. Fill in the columnns for the GDP deflator and for the percent increase in price level.
Why does a union electrician earn less than a non-union electrician? Why does a white male earn more than a white female with the same level of education? Why does a movie actress like Angelina Jolie earn more than a movie actress from the 1940s?
If Jason produces 250 kilograms of food per month, Explain how more liquor must he produce to achieve production efficiency.
Illustrate what will be real interest rate that clears goods market at G = 2000 and Y = 10,000. Conclude autonomous investment and marginal propensity to invest.
If in an economy a $120 billion increase in consumption spending creates $120 billion of new income in the first round of the multiplier process.
An industry's marginal abatement cost is MAC=2000-e. regulator controls emissions by selling 500 permits. Though, industries are also given option of paying a fee of $1000 per unit of emissions for which y do not hold a permit. Draw a diagram illu..
Find the Nash equilibrium of this Bertrand game and find the equilibrium output and profit for each firm.
If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
Among the problems that hinder growth in developing economies are poor infrastructure, lack of financial institutions and a sound money supply, a low saving rate, poor capital base, and lack of foreign exchange. Elucidate how these problems are int..
how do shifts in provide also demand influence price, quantity also marketplace equilibrium of toilet paper.
Elucidate how the market system efficiently performs the functions of communication, cordination, and motivation in the distribution of resources to consumers.
After wearing seat belts became malsoatory, drivers reacted by driving faster also less carefully. This is consistent with Illustrate what Principle of Economics.
Illustrate what do economists mean when they say that private goods tend to be produced in the right amounts.
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