Gdp every capita in the united states

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Reference no: EM1320811

Q1. According to the article, GDP every capita (or every head) in Europe has leveled off at Illustrate what fraction of GDP every capita in the United States?

Q. Assume supply is P = 40 + Q while demand is P = 70 - Q/2.

a. Find out the equilibrium price also quantity.

b. Assume buyers must pay a tax of T = 12/unit. Conclude the quantity exchanged also prices for buyers also sellers.

c. Elucidate how is the tax burden split between buyer also seller?

Reference no: EM1320811

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