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Goods added to inventories during a given year are:
a) counted as part of GDP for that year even thought they do not pass through markets
b) not counted as part of GDP for that year because they do not pass through markets
c) not counted as part of GDP for that year because that would amount to double-counting, once the year they are produced and again the year they are sold
d) arbitrarily valued at half the cost of production in calculating GDP for that year, since there is always a chance they will never be sold
Joe Showoff bought a Mercedes when he came to Tech as an engineering student (so that his feet would not get cold on the way to those early morning classes). The Mercedes was purchased by making a loan that was to be paid off in 20 equal, quarterly p..
During the 2008 financial crisis and the subsequent recession, how did major U.S. banks respond to the actions of the Federal Reserve? How did those monetary policy actions affect U.S. businesses and households? 3. How were the actions of the Federal..
Elucidate the impact does the dollar appreciation have on the firm's international competitiveness.
q1. in may 2011 the average price of gasoline in the united states was 3.76 per gallon and consumers bought 5 percent
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
Assume a downward sloping line on a graph represents the amount of money that a typical snowboarder /skiier visiting Mount Mogul ski resort on a typical day would be willing to pay for successive lift trips up the mountain if lift trips were charged ..
Marching shop was ordering weekly demand for bolts and nuts 240 units. Ordering cost $50 per unit per year, Bolt and Nuts unit cost $15 and annual carrying charge is 20% No. of Assume 52 weeks per year and lead time is 1 week find reorder number of u..
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
Assume the mpc = 0.6 for an economy. Showing work, please find the effect (if any) on equilibrium real GDP of each of the following events (other things remaining the same):
The U.S. Bureau of Labor Statistics (BLS) collects unemployment and labor force participation data for a variety of groups of Americans (by age, gender, race, level of education, location, etc.). This data is available http://www.bls.gov. (You can fi..
Describe the ways in which international business has changed over the last 50 years. Include the concepts of an MNC and the different types of foreign investment. Give specific examples.
Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000. The average damage done to vehicles that slide off the road at the curve is $10,000. It is expected that the guard rail ..
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