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Question 1: What is the difference between NGDP and RGDP?
Question 2: What is the difference between the CPI and GDP price index?
Question 3: What are the four phases of the business cycle? Make sure you are able to explain what happens in each phase.
Question 4: Define and give examples of the types of unemployment?
Question 5: What is the economic cost of unemployment and how is it measured? What is Okun's Law?
what is the expected revenue from auctioning the item
To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quant..
Gene Milton borrowed a sum of $5,000 from his uncle Ben and after three years paid a sum of $5,000 and paid another $1,000 after 4 years to pay off the loan. Determine the interest rate Gene paid it the payments were based on yearly compounding.
In 2001, Statistics Canada estimated the labor force at 16,109.8 thousand, employment at 14,946.2 thousand, and the working-age population (15+ years of age) at 24,444.3 thousand.
The company interest rate (MARR) is 15%. The company will make a down payment of 25% of the first cost for the Pick-M-Up and 15% of the first cost for Carter's. The loan will have an annual effective interest rate of 10% with annual payments.
b. Calculate the aggregate social welfare in the competitive market c. Suppose Christmas tree suppliers get together to form a price-setting cartel (monopoly). What will price and quantity in this market be
A company is considering building a bridge across a river. The bridge would cost $3 million to build and nothing to maintain. The anticipated demand over the lifetime of the bridge is x = 800 - 100p, where x is the number of crossings (in thousand..
The marginal tax rate for the firm is 40 percent. Based on the net present value criterion, should the firm undertake the training program
At what rate is the top of the ladder descending when the top of the ladder is 12 feet above the ground?
If we construct from this mechanism the corresponding game (between the firms) of incomplete information, does the game have a pure strategy Nash equilibrium?
Consider the following data. Currency $400 billion Bank reserves $500 billion (a) If banks are holding $80 billion in required reserves, and the required reserve ratio = 0.10, what is the value of checkable deposits
Assuming that the current interest rate is 3 percent, compute the value of a three year, 5 percent coupon bond with a face value of $1,000. What happens when the interest rate goes to 4 percent What happens when the interest rate goes to 2 percent
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