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The annual rate of growth of real GDP in a developing nation is 0.2percent. Initially, the country's population was stable from year to year. Recently, however, a significant increase in the nation's birthrate has raised the annual rate of population growth to 0.6percent.Calculate the rate of growth of per capita real GDP before the increase in population growth.. (Enter your response as a percentage rounded to one decimal place.) If the rate of growth of real GDP remains unchanged, calculate the new rate of growth of per capita real GDP following the increase in the birthrate.. (Enter your response as a percentage rounded to one decimal place.)
Utilize the principle of contracting-out to provide an economic argument for contracting-out or outsourcing some government-provided service or aspect of a firm's production.
A bus driver records the time (in minutes) it takes to commute to school for 6 days. These results are: 25, 22, 17, 20, 15, 10. Assuming the population is normally distributed, develop a 90% confidence interval for the population mean. What is the ..
Dot.com Products, offers storage containers for fine china on the Internet. The corporation is the low-cost retailer of these quilted boxes with fixed costs of $480,000 a year,
What are the public policies aimed at combating organized crime to eliminate business opportunities for the organized firms. What are some examples of the implementation of this policy? Has it been successful
Utilizing the economists model of individual choice comparing the marginal costs and marginal benefits of a choice.
Use the multiplier to indicate how a decrease in investment of R50 will affect the GDP. Show all caluclations. Illustrate this on a graph
In Unix-like operating systems, there is both a API library function named read(), and asystem call referred to as read in the Unix documentation. However, Unix system calls do notactually have names like a library function does.
Price Discrimination: Assume that United Airlines knows that it faces the following demand equations and corresponding marginal revenue equations for its (one-way) SFO to Las Vegas route
Find the equilibrium price and quantity in the market - Calculate the loss in consumer surplus and producer surplus, as well as the deadweight loss as a result of the above tax.
When figuring the number of people unemployed, is it the laborforce - the number of employed adults What abou adults in the military the nonadult population institutionalized adults and nonmilitary, non institutionalized adults not in the labor fo..
Suppose the marginal cost of writing a contract of length L is MC(L) = 10 + 4L. Find the optimal contract length when the marginal benefit of writing a contract is:
Suppose the average number of complaints received by Christiana Hospital from patients is 7.4 every four weeks. Assume the number of complaints per month follows the Poisson distribution.
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