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Q. Suppose nominal GDP in 2005 was $12 trillion and in 2006 it was $15 trillion. The general price index in 2005 was 100 and in 2006 it was 102. Between 2005 and 2006 real GDP rose by what percent?
Q. The three effects explain the downward slope of the aggregate demand-aggregate supply model: Real-balances effect, interest-rate effect, and foreign-purchases effect. Please explain each effect
Which former Soviet republic currently a member of the Commonwealth of Independent States (CIS) has been the most economically successful in making this transition.
Illustrate what are the factors that affect the supply and demand of the good or service. Who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
If the taxes are set so that each resident shares the cost evenly (a=b=c), how so many paths will get built.
Would you expect firms in a tight oligopoly market reap higher profits than firms in a loose oligopoly market.
illustrate what way is Per Capita GDP a better measure of economic well being than GDP. How does this relate to economic problems in the undeveloped world.
Illustrate what is the elasticity of demand if you raise the price of your airline's tickets by 6% also the number of tickets sold decreases.
Illustrate what is the probability that this worker is a college graduate. A non-college graduate. Are educational achievement and employment states independent
Illustrate what is the Consumer Surplus in the market. Illustrate what is the Producer Surplus in the market.
Which of the following hedging strategies involves a loan without a futures contract.
If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output.
Imagine that you borrow $5,000 for one year and at the end of the year you repay the $5,000 plus $600 of interest. If the inflation rate was 4%, illustrate what was the real interest rate you paid.
Illustrate what is the expected return of the remaining portion of Peggy's portfolio.
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