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Police officer: "I pulled you over for speeding. You were going 80 miles per hour." Driver: "But that's impossible, officer! I've only been driving for 15 minutes!" The government reports GDP numbers every quarter.
How does this story illustrate the meaning of "GDP per year" when the GDP number is reported every three months?
Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Write a paper about the economic history of a Canadian town or city of your own choosing (Please write about any City in Ontario). You might want to discuss the economic growth and development of your city.
Play the Social Security Game (Links to an external site.) to solve the Social Security problem. Detail your choices, noting the why's of your choices and also discuss the effects on the stability of employment, inflation, and GDP as a result.at l..
Drawing Conclusions Which do you think is a better way to reduce budget deficits: pay-as-you-go provisions or line-item vetoes?
What was the highest mortgage rate since 1971? In what year? Compare the inflation rate from the BLS tables to the mortgage rates. What is the apparent relationship between inflation and nominal interest rates?
consider two ways to protect your car from theft. The Club ( a steering wheel lock ) makes it difficult for a car thief to take your car. Lojack ( a tracking system) makes it easier for the police to catch the car thief who has stolen it.
The economics student knows that profit maximizing manager will produce quantity where marginal revenue equals marginal cost
As Suppose a country has no public debt in year 1 but experiences a budget deficiet of $40 billion in year 2 , a budget deficiet of $ 20 Billion in year 3 a surplus of $10 billion in year 3 and a budget deficiet of $2 billion in year 4. What is the a..
Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.
Your production line has recently been producing a serious defect. One of two possible processes, A and B, could be the culprit. From past experience you know that the probability that A is causing the problem is 0.8 but investigating A costs $100..
Statistical studies have shown that the price elasticity of demand is -0.4, and the price elasticity of supply is 0.5. Using this information, derive linear demand and supply curves for the cigarette market.
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