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Real change in net worth
In 1970, Bill Gates' net worth was $1, 692. At that time, the CPI was 51.3. In 1999, Bill Gates' net worth is $51,344,629,323. The 1999 CPI is 232.6. Rounded to the nearest dollar, what has been the real change in Bill's net worth?
Prepare a table/graph for inflation in "your country" (use North Korea for the country; if no data is available, use India) for about the latest ten year period for which you have data.
According to the quantity theory of money, what is the effect of increase in quantity of money?
Elucidate entity establishes a price ceiling also does it require government sanction for violators
Suppose a product sold in a competitive market is subject to a government price control. Suppose the regulated price is less than the free market equilibrium price.
Solve for the price and quantity that the monopolist would choose to maximize its profit under the more advanced technology. And also calculate the resulting profit.
Pawel spends half of the year working in Britain where he consumes British food q and half of the year in Poland where he consumes Polish food Q.
The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.
In providing assistance to the states like Washington has in the past attached strings which have dictated state legislation.
Estimate total revenue function and the marginal revenue function with just this information.
In a few weeks Professor Smith will be taking his daughter Attilla to the State Fair. Calculate the Marginal Rate of Substitution (MRS).
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
Which of the following items are included in the calculation of GNP in the UK, and which are excluded?
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