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Q1. Elucidate how do the GDP per capitals change after accounting for price indices? Explain why is it significant to use price index adjustments?
Elucidate how price index adjusts your nominal income?
Q2. Use the tools of economic analysis to support your answers.
1st recognize the taxes you currently pay. What do you think you pay your fair share of taxes? Why or why not? How would you conclude the notion of "fair share"?
2nd use your favorite search engine to examine the GDP annual growth rate of three countries. Which country has the major growth rate? Would you live in the country with the highest growth rate? Why or why not? Be specific.
If a firm is losses money, it might be enhanced to stay in business in the short run. Is this statement ever true.
Use supply and demand model to explain the dramatic rise in the price of a college education.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
Fred's Fashion Accessories of New Jersey produces jewelry for sale in Boston and New York subject.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
Managerial economics and should include other criteria such as social responsibility and ethics. Remember to cite your authority and be careful not to plaigerize.
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
When the bookstore announces a 20% price increase in new texts and a 10% increase in used texts for next year, Guojun's father offers him $80 extra.
The fact that a percentage of the interest income paid by one corporation is excluded from taxable income has encouraged firms to use more debt financing relative to equity financing.
Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States.
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