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Use the following to answer questions 1-4Gross private domestic investment $46Exports of the US 9DISPOSABLE INCOME 190personal saving 10government purchases 84net foreign factor income earned in the US 10consumption of fixed capital 52dividends 13imports of the US 12indirect business taxes 22personal taxes 38social security contributions 23
1. what is the GDP2.what is the net domestic product3. what is the national income4.if real GDP in a particular year is $80 billion and nominal GDP is $240billion , what is the GDP price index for that year ?
Explain what macroeconomic topic the article addresses and summarise the article briefly to show your understanding and discuss what implications (if any) the chosen article has on Australia.
To best serve customers interested in buying cars over Internet, Smart Motors, hire Nora Jones to respond to customer inquiries.
Assume after 10 years real consumer spending doubles to 100. Explain how much do you believe will be the budget share of leisure.
You know that increasing AD means increasing spending growth, M + v, but now you know that M (growth in M1 or M2, money measures that include checking accounts) depends on growth in the monetary base (MB) and on the money multiplier (MM). That me..
suppose that the equation for autonomous planned spending ap is ap6200-200r and the value of the multiplierk is 2.5.a
Illustrate what is the cost of the same basket of goods and services in 2005.
The prices of outstanding bonds change whenever the going rate of interest changes. In general, short term interest rages are more volatile than long term interest rates.
Explain how the factor changed since the recession began in December 2007 and under aggregate supply discuss institutional changes that alter the efficiency of resources.
suppose that c a by where c consumption a consumption at zero income b slope and y income.a. are c and y
The only legal employer of military soldiers in United States is the federal government. If the government uses its knowledge of its monopolistic position, what criteria will it employ when estimating how many soldiers to recruit?
Distinguish between explicit and implicit costs, giving examples of each. What are the explicit and implicit costs of attending college Why does the economist classify normal profit as a cost Is economic profit a cost of production
the production possibility frontier model showed the tradeoff between current consumption and capital goods. Explain the role of saving in this model and how increased saving will lead to greater economic growth in the future.
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