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Suppose an economy has four sectors, Agriculture (A), Energy (E), Manufacturing (M), and Transportation (T). Sector A sells 10% of its output to E and 25% to M and retains the rest. Sector E sells 30% of its output to A, 35% to M, and 25% to T and retains the rest. Sector M sells 30% of its output to A, 15% to E, and 40% to T and retains the rest. Sector T sells 20% of its output to A, 10% to E, and 30% to M and retains the rest.
a. Construct the exchange table for this economy.
b. [M] Find a set of equilibrium prices for the economy.
In 2014, back when Alberta’s economy was booming, Calgary and Edmonton’s residential vacancy rate was tied for the lowest in the country, at 1.4 per cent. The average rent for a two-bedroom apartment in Calgary was $1,267, trailing only Vancouver. An..
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Illustrate what if, anything cans you conclude about the relationship between the prices of oil also the level of real GDP in the United States
The shape of Canada’s production possibilities frontier (PPF) should reflect the fact that as Canada produces more trucks and fewer cars, the opportunity cost of producing each additional truck ______.
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When you apply conventional finish to the wood you use traditional lacquers. The California Division of ABC has changed from conventional lacquers.
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