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Elly is a teacher. Her mom gets really sick in January 2009, therefore she quits her job as a teacher and cares for her mother full time. But in January 2010 the government introduces a new scheme under which elly can get full time care for her mother. A full time career is appointed at a salary of 30.000 per year of which elly pays 10.000 with the balance paid by elly's local authority. elly returns to het local teaching job for a salary of 40.000 per year. How much do these transactions contribute to GDP in 2010?
LG Electronics plans to invest 30 trillion won by 2010 to make this happen, hoping that the cost savings and reduction in risks associated with vertical integration justify the investment.
Explain the tools used to pursue expansionary and contractionary fiscal policy. During which phases of the business cycle would each be appropriate? Explain what is meant by a built-in stabilizer and give two examples
The index most widely used by the government and the private sector to measure changes in the cost of living is the GDP deflator or else.
A country is described by the Solow Model with a production function y = k1/2 where y is output per worker and k is capital per worker. Now suppose that the fraction of output invested (or saved) is 50%.
If nothing else changes, what happens to the price and quantity if the supply curve shifts to the right? What is the law of supply? Give two examples of how you have observed the law of supply at work.
.Most people are consumers, making demand decisions in product markets, and also workers, making supply decisions in resource markets. How do workers choose how much of their labor service they are willing to sell Is the quantity supplied likely t..
What monetary policies do you think caused the crisis and what were the effects of the policies implemented in reaction to the crisis
your engineering department estimated the following production function.q 15l2 - 0.5l3a. what is the marginal product
Calculate the price of each fruits in each year.
suppose a firm sells its products to identical customers and each of them has the following demand for its product
tariffs and quotas both raise the price of foreign goods to domestic consumers. what is the difference between the
How do you think you might measure the net impact of technological change on overall employment and GDP in the U.S.?
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