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1. You're an economist that has just completed analyzing your above calculations. Answer these prompts based on that analysis:
a. Explain if you feel GDP is a good measure of economic growth.
b. Why might you conclude that GDP fluctuates?
If your cost of producing bran muffins is C(Q)=.5Q, determine the optimal number of bran muffins to sell in a single package and the optimal package price
Wage growth has slowed considerably in many advanced economies since the Global Financial Crisis. Compare and contrast, and explain, the likely causes.
Define a struct type that represents a smartphone. The struct should store the following data: model (a character array of size 30), color (a character), and storage space (an integer). The type should be renamed from struct smartphone to Smartph..
Give an example of a time when you demanded money for each of these reasons. Describe the specific circumstances of your demand for money.
Which of the following is true for perfect competition, monopolistic competition, and monopoly?
Aggregate expenditure is the total amount of spending in the economy that determines the level of the GDP. Components of aggregate expenditure are autonomous expenditure, planned private investments, government expenditure, and net exports. When a..
Using the PPC as a springboard for your analysis, what effect would for going consumption today in order to "invest" for tomorrow have on future production possibilities? Now consider the choices our government faces when it has limited tax revenu..
Sometimes one's choices may involve catastrophic decisions and bear great risk and yet there can be no clear answer. For example, if a person gets a divorce, shutters a plant, sells a losing investment, or closes their business, will he or she be ..
Discuss how the rate of interest change during an economic expansion. your answer, also discuss the case in the context of both a flexible exchange rate and a fixed exchange rate.
Principles of Macroeconomics- As a result of the Great recession, the FDIC made changes to embolden consumer confidence. These include: ensuring in full all accounts which do not earn interest regardless of balance and raising the standard maximu..
Consumption accounts for about 60% of GDP, while investments accounts for about 20% for GDP. But many economists think that, to understand economic recession, it is more significant to look at investment than consumption. Why?
A couple starts saving for their retirement by putting $1000 at the end of this year and increasing the savings by 5% each year. If the savings earn 6% annual interest, what would be the value of their savings at the end of 30 years?
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