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If the nominal GDP is $559 billion in the base year, and it rises to 577 in year 1, and 605 in year 2, Illustrate what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2? If the price index 20 years before the base year was 41.2, and the nominal GDP for 20 years before the base year was 191.0, what was the real GDP for that year? Show your work in all cases.
Suppose the state is trying to decide how many miles of a very scenic river it should preserve.
Explain why study pure competition if actual purely competitive markets do not exist? What can we learn from highly competitive markets. Briefly discuss.
Assess the role of the Federal Reserve in mitigating the negative impact of the 2008 financial meltdown on the economy.
Illustrate what has presidents immediately under the principles of immediate wants of the nation also mandate from the people.
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
Find the equilibrium price and quantity after the shift of the demand curve.
Illustrate what is the average time in the system. Illustrate what is the probability there are more than three cars in the system.
Calculate a marginal cost as well as an average cost schedule for the firm.
Illustrate what is the total cost of finding a new plot of grass and getting y units of grass from it.
Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.
In country B the opportunity cost of 100 gallons of beer is 0.95 tons of cereal. Both countries can experience gains from trade if the exchange rate for a ton of cereal is 96 gallons of beer
Describe the changes in the model parameter(s) and resulting changes if any in the hiring decisions of the three types of firms.
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