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What are the limitations of the GDP in measuring total output and national welfare?
What products (goods and services) are excluded from the GDP computation?
What are the impacts of the shortcomings of the GDP as a measure of the national product and national welfare?
The time it takes to process phone orders in a small gift shop is normally distributed with a mean of 6 minutes and a standard deviation of 1.24 minutes. what cutoff values would separate the 95% of orders that are in the middle of the distribution w..
Bryson R. Tin foot IV wants to endow a position in perpetuity for a chaired professor at Misstate University.
Scenario: Lucy wants to know her fourth grade daughter, Monica, scored on a test of reading comprehension compared to the population of other fourth
The Equation of Exchange is given as MV = PY , where M= the nominal money supply, V= the velocity of money, P= the price level and Y=real GDP. What is the Monetarists’ argument (based on the quantity theory of money) about an increase in M? Explain a..
An investor purchases a 30-year U.S government bond for $1,020. The bond's coupon rate is 9 percent and, it still had 14 years remaining until maturity.
An aircraft company has signed a contract to sell a plane for $20 million. The firm buying the plane will pay for it in five annual payments (at year end) of $4 million. If the firm's cost of capital is six percent, what is the net present value of t..
Suppose there are two types of workers, "stars" and "Everyone else" and both of them would like jobs at investment banks like SG Cowen. Productivity equals 100,000 for the stars, and 50,000 for everyone else. 80 percent of workers in the population a..
What is the main purpose of a book keeper? Is it to keep track of all the files and manage the money?
Consider a monopoly where the inverse demand for its product is given by P = 50 ? 2Q. Total costs for this monopolist are estimated to be C(Q) = 100 + 2Q + Q2. At the profit-maximizing combination of output and price, deadweight loss is:
An alternative to rent-control laws that would not reduce the quantity of housing supplied is:
Why do you think the English Premier League has historically charged different prices for broadcasting rights in different European markets? If you were running the English Premier League what would your strategy be on broadcasting?
(a) Write an expression for the exact probability that at least 215 of the 400 watches are defective.
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