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Angola economists are working on the country's figues. Find the (a) GDP deflator (b) Nominal GDP (c) Real GDP (d) what is the growth for Angolan GDP for 2013? If the 2013 price is $10, quantities = 50 million; While the year 2000, which is the base year for calculating real GDP had price at $10 and 45 million total quantity of items produced for the year?
The generalized demand and supply functions for a commodity are QD = 400 – 25 P + 0.4 M + 24 PR QS = 48 + 12 P –20 PI + 20 F QD = quantity demanded; P = price of the commodity; M = average household income; Find the “reduced” demand equation. Find th..
Ossify each of the following businesses by their characteristics. For parts a. through d., write Pure Competition, Pure Monopoly, Monopolistic Competition or Oligopoly. Answer the questions in parts e. through h. Rick owns a Greek restaurant in a s..
If the CPI was 110 last year and is 116 this year, what is this year’s rate of inflation? What term do economists use to describe this second outcome? Inflation/deflation
Interpret these results. Is profit per employee much sensitive to industry-specific or firm-specific factors for this sample of giant corporations.
Milky Way Dairies purchased a two hundred-acre farm for raising cattle in 2006. An industrial park to the west, Mountain Estates, had in 1980 fenced off a two-acre stretch of land that was properly within the two hundred-acre farm now owned by Milky ..
Map out how you think your potential customer goes about making his or her purchase decision for the product/service your venture will market. What are the key internal influences (e.g., motivation) and external influences (e.g., personal influences)..
Discuss the effects of a tightening monetary policy in the short-run and the long-run? What are the key assumptions in both scenarios? What are the appropriate models to distinguish the short run and long-run effects of a tightened monetary policy? W..
Compute the percentage that alter in quantity demanded of plane rides and train rides.
Look up Humana Energy (HUM) and find the current bid-ask spread as well as the order size for the bid and ask, during the trading day (Yahoo Finance). Discuss the consequence of these numbers for the risk of the firm.
Elucidate how does the real wage rate at point c compare with the real salary rate at point a. How do nominal wage rates compare at those two points.
Now consider what would happen to the market for Gatorade if there was a large decrease in the price of Powerade. Drawing a supply and demand graph will aid in answering this question. There is a decrease in the demand for Gatorade, which results in ..
Calculate the midpoint price elasticity of demand between $9 and $10. Is the demand in this range elastic or inelastic? Calculate the midpoint price elasticity of demand between $10 and $11. Is the demand in this range elastic or inelastic?
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