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Q1. Assume a small nation has following statistics: its consumption expenditure is $15 million, investment is $2 million, government purchases of goods and services is $1 million, exportof goods and services to foreigners is $1 million and import of goods and services from foreigners is $1.5 million. calculate this nations GDP.
Q2. The demand for cars is given by the function: QD = a - bP ; and supply is given by the function: S Q = c + P ; where D Q = quantity demanded, S Q = quantity supplied, P = price; and a, b and c are constants. Solve for the equilibrium price and quantity in the car market as functions of a, b and c.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
Challenge of any merger that raises the HHI by 100+ points in a market where the HHI is above 1800 before the merger.
The government wants to increase real GDP demanded to $15 trillion at the given price level
Increasing the minimum wage will result in a decrease in employment for workers who now earn less than the new minimum wage.
The company wants to replace office equipment like machines and computer at assorted times over the five year planning period.
If there was a capital gain tax of 30 percent, what is the after-tax real interest rate, with the inflation rate of 8 percent.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
Discuss the policies that Keynes as well as Hayek supported regarding how federal government ought to manage economy. What are differences between each school of thought.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.
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