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Imagine that you are trying to predict the level of real per capita GDP in a certain economy in the year 2070 (say, using real dollars of some base year). Imagine that you know exactly what productivity, defined as real GDP divided by the number of employed workers, will be in that economy in that year. What other indicator/number/size/rate about the economy do you need to know in order to make a perfect prediction? Specify the exact definition of that indicator/number/size/rate.
If the apple grower wants to see 6,000 bees kept, what is the value of the externality? What would have to happen for the socially optimal amount of bees to be kept?
Draw the aggregate expenditure (AE) curve and indicate the equilibrium value.
What is the opportunity cost of investing in human capital? Do you think a country can "overinvest" in human capital? What is the opportunity cost of attending college? Explain
congress is considering a tax credit program for those who purchase energy-efficient appliances. proponents of the
Illustrate what price-quantity combination maximizes your firm's profits. What price-quantity combination maximizes revenue.
If a person goes to the bowling alley planning to spend $15 but comes away with $5, what, if anything, can you conclude about the marginal utility of the alternatives
She invested £34,800 in the stock, and held it for a period during which she received interest of £5,600 in total for the period.
What are the three types of mergers that firms can do? Classify the following possible mergers between Starbucks and coffee growers, Bank of America and Fleet Bank, Microsoft and Steel company, Home Depot and Lowe's, into one of the three types. E..
What is not a characteristic of a random data series?
Which of the following generates demand for foreign currencies? a) exports from the U.S. To foreign countries b) imports of foreign goods by firms located in the U.S
ECON 1133 Monetary and Fiscal Policy Assignment - For purposes of your Monetary policy response - Descriptive Analysis and Outlook for Economic Activity
Suppose France's real GDP grew from $750 billion in 2010 to $821 billion in 2011. - What was the growth rate of France's real GDP?
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