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Pens Erasers Price Quantity Price Quantity Year (Dollars per pen) (Number of pens) (Dollars per eraser) (Number of erasers) 2018 115 175 2019 4 150 N 180 2020 100 N 160 Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP Year (Dollars) (Base year 2018, dollars) GDP Deflator 2018 2019 2020 From 2019 to 2020, nominal GDP , and real GDP The inflation rate in 2020 was Why is real GDP a more accurate measure of an economy's production than nominal GDP? O Real GDP does not include the value of intermediate goods and services, but nominal GDP does. O Real GDP includes the value of exports, but nominal GDP does not. Real GDP is not influenced by pr changes, I GDP is.
1. What are some of the ways fiscal policy might encourage economic growth?
Select an entrepreneur and provide a brief profile. How has this entrepreneur's activities changed in the new knowledge based economy?
Describe the contrasting views of the Keynesians and the monetarists with regard to an appropriate contractionary (tightening) policy to bring an economy out of a period of high inflation caused by excess aggregate demand.
Illustrate what is the present value assuming a discount rate. Level of consumption or saving will be illustrate what.
You have just opened a new Italian restaurant in your hometown where there are three other Italian restaurants. Your restaurant is doing a brisk business and you attribute your success to your distinctive northern Italian cuisine using locally grown ..
What would be the monopolist price and quantity? Calculate the profit for the monopolist and the DWL . Calculate the learner index for this monopolist. Now assume that the government imposes a specific tax of $1 per unit. What will happen to price an..
An effective price support and subsidy to sugar growers? ______. The table shows the market for apartments. An effective price support in the wheat market? ______. Which of the following is not an outcome of an effective rent ceiling in a housing? ma..
You are told that if you invest $11,000 per year for 23 years (all payments made at the end of each year) you will have accumulated $366,000 at the end of the period. What annual rate of return is the investment offering?
Explain what Fred meant using the concept of the business cycle, durable and non-durable industries.
“When the Fed increases the legal reserve requirements, it loosens credit, because the banks have more reserves.” Comment and evaluate.
If price elasticity of demand for chicken is 0.40 in absolute value, when there is a 10 percent decrease in the price of chicken
There are 10 faculty members and 12 students eligible to serve on the committee. In how many ways can the committee be formed?
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