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How is purchasing power parity calculated and why is it superior to the exchange rate in making comparisons between per capita income levels in different countries. Why is the international US dollar used in making comparisons? How did Maddison estimate per capita income back to the beginning of the Christian era (year 0 CE), and what do Maddison’s estimates suggest about the Great Divergence? Explain.
Suppose that investment decline by 40 units to a level of 60. What will be the new level of equilibrium income.
What is regression's predicted earnings for a 25 year old worker. A 45 year old worker.
Where individual meters have been installed, water usage has declined 10 to 40 percent. Elucidate that drop, referring to price and marginal utility.
Perfectly competitive factor and output markets are similar in that when both are present both generate:
A large induced-draft fan is needed for an upgraded industrial process. The motor to drive this fan is rated at 100 horsepower, and the motor will operate at full load for 8,760 hours per year.
Why is wage labor completely incompatible with feudalism?Is economic life distinctly separate from social and political life?Describe what Smith meant by the "invisible hand". What is the mechanism by which selfish interests are made compatible with-..
q.for each of the following values for the mpc determine the size of the simple spending multiplier and the total
The percentage effect which increase in output will have on the profit made from producing and selling commodity Alpha will be.
The owners decide to begin spending immediately a rather large sum on advertising designed to decrease elasticity.
On December 12 of 1980, Apple Computer sold shares in an initial public offering (IPO) for $22 per share. Since then, the stock has split 2-for-1 three times: June of 1987, June of 2000, and February of 2005. If you bought 100 shares at the IPO and s..
Elucidate how do your previous answers change in the special case where money demand does not depend on the expected rate of inflation
Greece is trying to re-establish its power within a complex system of regional and international organizations. Describe Greece's situation. What institutions are playing a role in Greece's future? Are there other institutions and factors affecting t..
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