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"GDP is equal to $1 trillion in 2010 according to the expenditure approach. If there are two stages of production (primary and then final) and primary output is equal to $400 billion, then, using the production approach to measure GDP, GDP will be equal to $600 billion." Confine your answer to one paragraph.
using IS-MP and PC graphs analyze the following scenario on the economy specifically, how and why will real output (GDP) be affected in the short run.
If the value of jan's retirement portfolio increased from $210000 to 489000 over a 14 year period with no deposits made to the account over that period, what annual rate of return did she make?
Which of the following is not a characteristic of capitalism? Agriculture is started to have five (5) distinct sub groups, which of the following was not a sub group listed in class? The index value for bottled water for 2006 is 1.6, the base year fo..
Identify an industry/market that in your own understanding, can be described as a “monopolistically competitive” industry (market). Discuss/explain your choice.
What are the goals of an economic system? What is the criterion to measure the effectiveness os a system? What are monetary goals? What are the fiscal goals? How do governments influence monrtary and fiscal goals?
1) Many economists will argue that government should not be allowed or counted on to create jobs. Discuss your analysis of this type of action sometimes governments take. 2) Discuss Block's quote "Production is everything, and jobs are nothing but..
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If efficient systems operate for 2400 hours per year, ..
1 What is space junk - how is this a hazard to space flight? 2. NASA and other space agencies track space junk - how many individual objects do they track? Are there objects they cannot track?
The issue of competition over time presents a number of problems for a firm. Based on research for this question and personal experience, what do you believe is the most effective way a firm can compete over time? Your answer should address some of t..
A public good, such as a community's emergency warning sirens
Major restructuring plan in an attempt to reverse declining global sales. Suppose that as part of the restructuring plan Mitsubishi conducts an analysis of how labor and capital are used in its production process. Prior to restructuring Mitsubishi’s ..
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
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