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Will each of the following transactions be included in GDP for the United States? Explain why or why not
a. A farmer's purchase of a new tractor.
b. A plumbers purchase of a two-year-old used truck.
c. The services of a mechanic in fixing the radiator of his own car.
d. An increase in business inventories.
e. A Social Security check from the government to a retired store clerk.
q1. illustrate a form of financial instruments through which corporations and governments borrow money from financial
As of 2006, the United States is running a large trade deficit--that is, imports exceed exports by a wide margin and the United States is consuming more than it is producing. The U.S.'s ability to consume more than it produces rests on foreigners' wi..
The Green City Hospital treated 100 patients in May with 20 nursing hour inputs, and it treated 120 patients in June with 22 nursing hour inputs. What is the total product for each month? What is the marginal product?
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Suppose that the production function for iPods is Q = 20K^0.5L^0.5. The marginal product of labor is 10(K/L)^0.5, and the marginal product of capital is 10(L/K)^0.5. Suppose that labor can be hired for $6, and capital can be rented for $9. If the fir..
Which of the following is not a necessary precondition for economic growth?
Illustrate what can the marketing director do to increase the explanatory power of a trade's equation.
Returning to question 2, suppose the government put a tax on soda of $.50 per can to be paid by consumers. Graph the before and after tax supply and demand curve. What is the new ewuilibrium price and quantity?
q.q1. consider two persons ann and bill and two-goodsx and y exchange economy. the total endowment of the economy is
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping
q1. a consumer must pay 10 per visit to an amusement park for the first five visits but only 5 per visit beyond five
The output, revenue, and profits for a firm under bad times for a firm in isolation and in a pooled labor market. b) the output, revenue, and profits for a firm under good times for a firm in isolation and in a pooled labor market.
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