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Value added is the
Addition to GDP because nonmarket activities are captured.
Increase in market value of a product that takes place at each stage of the production process.
Difference between nominal GDP and real GDP.
Impact on third parties caused by market activities.
What determined movements of gold between countries under the gold standard, and why? Under the gold standard "rules of the game" would such movements be likely to consume until a country's gold stock was depleted? Why or why not?
Why are health and education so closely linked in the development challenge? What are the most pressing health and education challenges today? What is the supposed rationale for subsidizing higher education in many developing countries?
You owe $350 a month on a 5 year car loan financed at %6 per month compounded monthly. What is the single amount value the dealer receives at the end of the loan?
Predict what will happen to the price and quantity of tennis ball if the price of tennis racket falls and, at the same time, the government mandates that tennis ball manufacturers use more expensive plastics in tennis ball construction.
Rich family before tax 500,000. tax rate 30%. middle class before tax 50000. 20% tax rate. poor family 20000. 2% tax rate. what is the ratio of rich's family's income to the poor family's income before tax and after tax? is this tax progressive?
Why do they believe changes in government spending affect the economy differently than changes in income taxes?
For each of the following activities, please state "yes" if this activity should be included in the year 20016 Gross Domestic Product for the United States or "no" if this activity should not be included in the year 20016 Gross Domestic Product for t..
Describe an environment in which permit trading can contribute to economic efficiency. How do permits make such a contribution Why in a traditional model are permits and Pigouvian taxes considered equivalent in implementation? Give a reason that in p..
What price does it charge. What is Lite and Kool's markup. How much profit does Lite and Kool make. Do firms in monopolistic.
q.for each level of output calculate the variable cost vc. for each level of output except zero output calculate the
When the farmer makes this discovery, what happens to the opportunity cost of wheat, measured in bushels of corn?
Home (H) and Foreign (F) produce autos and shirts using capital (K) and labor (L). Autos are capital intensive relative to shirts. Draw a PPF-Budget Constraint-Indifference Curve diagram for each country that shows the autarky (no-trade) equilibrium,..
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