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Question: Making graphs (spreadsheet): Use the snapshots.pdf file, together with its hyperlinks to the underlying spreadsheet data. Use a spreadsheet program of your choice to complete the following.
(a) Make a plot of per capita GDP (in dollars) for the years 1950 to 2010 for a country of your choice. Label the x-axis "year" and the y-axis "per capita GDP."
(b) Make a plot of per capita GDP relative to the United States (U.S. = 100) for the years 1950 to 2010 that includes the United States and three other countries of your choice, all on the same graph. Be sure to label the lines on the graph in some informative way so that each line can be associated with its country.
A single-price monopolist whose marginal costs are zero receives a government subsidy of $1 for every unit of output it produces.
For each theory, identify and explain which traits are exemplified. Provide a scenario that shows each theory in use. How would it promote communication?
Suppose that a system of unemployment compensation isinstituted in the country, and the average duration of unemploymentrises for two months: a )What will be the unemployment rate for this economy now
Using the sum of the year method?
1) If it costs more energy to recycle than to dispose, shouldpeople be incourage to recycle 2) Oregon Forrest Restoration Act requires a logging companythat cuts a tree, must plant 3 to replace it. Why do you think mosteconomist saythis law is not..
a vendor is interested in the best price to charge at his various dispensers located in a given area. over a period of
In the highly competitive TV manufacturing industry, a new innovation makes it possible to cut the average cost of a 50-inch plasma tv from $1,000 to $600.
Explain the Macroeconomic Policy Trilemma. What is the option preferred by monetarists? And what about the structuralists?
In a certain kingdom, the demand function for rye bread was q = 181 - 8p and the supply function was q = 13 + 6p, where p is the price in zlotys and q is loaves of bread.
A dollar received today is worth more than a dollar received in the future. What role does inflation play when determining the value of a dollar? Explain.
What is the value of the equipment after 5 years and What is its value after 10 years?
Consider the following graph created be Heston and others. It shows per capita GDP growth rates of various countries (1960-2010) on the vertical axis and 1960 per capita GDP (in dollars) of those countries on the horizontal axis.
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