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Which of the following do the GDP statistics measure least well?
A. The size of the overall economy in terms of output.
B. The rate of change in the overall growth rate of an economy.
C. The economic welfare or happiness of an economy.
D. The amount of Personal Consumption during a given year.
Give two examples of externalities connected with consumption and saving that can be used in arguing for policies aimed at increasing U.S. personal saving. Explain why they can be used that way. Explain what a traditional I.R.A. is. Explain how it in..
Draw the budget constraints, indifference curves, and the income consumption curve for a good (bagels) that has an income elasticity that is perfectly inelastic on horizontal axis, and another normal good on (salads) on the vertical axis.
When a country is forced to buy and sell currency on the international foreign exchange market to maintain its currency's value, what type of exchange rate does it use?
What approach can be taken in regression to account for qualitative factors or events?
How far in advance is it worth proving out reserves? b: If the real discount rate were 10%/yr, what is the max time delay?
q1. when crude oil price controls were in place illustrate what would have been the welfare implications of a ban on
Suppose, initially, the interst rate parity condition holds. Then at some point, U.S. interest rates are 4 percent more than rates in the EU. a) Would you expect the dollar to appreciate or depreciate against the euro, and by how much? b) If, contrar..
A firm sells cups in two fake countries, Noland and Yesville. Price discrimination is illegal in Noland and in Yesville. But, the price per cup can be different in Noland than it is in Yesville. Calculate profit maximizing values for:
operating deficit is asking should the transportation authority increase or decrease the price per ride based upon the price elasticity of demand.
Illustrate what is macroeconomics. What role does macroeconomics play in your personal financial decisions and the decisions that your organization makes.
Explain whether increases in gasoline taxes are effective means for raising tax revenue. Circa 1990 Colorado decided that long-haul truckers needed to pay for a larger proportion of the wear and tear on the state's highways and increased the tax on d..
What is the best practices frontier? How does this relate to competitive advantage? Explain why rent seeking competition tends to dissipate rents-to drive them down so that there are no abnormal rents?
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