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Short answers
1) GDP as a Measure of Well being is described as the importance of GDP as a measure of our economic well-being. But that this measure omits some things that are important in describing how well-off we are. Provide 3 specific examples of things that are important to society, but which are omitted from the GDP measure.
2) Elaborate on the concept of Technology changes & innovation with reference to economics- How does Technology affect costs and profit? Give examples. What is the Value of information in promoting economic process in general?
3) GDP and Income Inequality- Brad Plumer, the Post's Wonkblogger, describes and critiques several ways in which income inequality is thought to affect the rate of growth of a country's GDP. Explain one of these possible effects, and comment on why agree or disagree that inequality affects GDP.
A. Calculate the implied arc income elasticity of demand. B. How would you characterize demand for these 50" HDTVs?
Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences mana..
Suppose that changes in the United States cause its real rate of interest to increase from 3 percent to 4 percent and its inflation rate to increase by two percentage points. When the Canadian economy has settled to a new equilibrium after this ch..
Apple, Inc.'s strategic plan calls for an aggressive growth plan, requiring investment in facilities and equipment, growth in productivity, and labor over the next five years. What is the current and projected unemployment for India over the next..
perry is a freshman he estimates that the cost of tuition books room and board transportation and other incidentals
The current movie database design lacks functionality to support theaters and show times. It is not possible to see what theaters a movie is currently playing in or what movies are being shown at a particular theater. Therefore, we would like to..
You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more Illustrate this using a graph showing a decrease in supply coupled with an increase in demand, resul..
What was the percentage change in Nominal GDP for the most recent quarter compared to the previous quarter? What was the percentage change in Real GDP for the two quarters?
Evidence suggests that there is less price competition in an oligopoly than other forms of market structure. Why is this the case?
Suppose the issues of where, when, and elucidate how to be considered by an organisation planning an international entry strategy.
Assume a typical customer’s inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P = 15 - 3Q.
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