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Let's put a dollar amounts on the flows in the circular flow. Suppose that business buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $68 billion in waged, $14 billion in rent, and $24 billion in interest, how much are households paid for providing entrepreneurial ability? b-) If households spend $ 65 billion on goods and $ 55 billion on services, how much in revenues do businesses receive in the product market?
Explore in particular how the two companies respond to the macroeconomic conditions in terms of their.
Compute the equilibrium price and annual quantity of antidepressants. Compute 1)producer surplus; and 2)consumer surplus in this competitive equilibrium.
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
Illustrate what does the theory of purchasing power parity predict will happen to the value of Japanese yen in item of dollars
Does overvaluation (undervaluation) of As currency reflect a major capital inflow (outflow) into country. What can you find with respect to financial account of balance of payments to substantiate that interpretation.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy. Provide support for your response.
Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
Explain underlying basis for foreign direct investment and discuss several factors that may contribute to it. What factors have likely contributed to current U.S. net direct investment position.
If the marginal product per dollar of capital is $2, the marginal product of labor is 20, the price of labor is $10 and the marginal product of land is 32, what is the price of land?
Briefly explain why the three variables are appropriate explanatory variables to predict the consumption of services or why they are related to consumption.
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