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In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods used to compute the CPI has 50 units of food and 10 units of clothing.
food clothing2002 price $4 $102003 price $6 $20
a. What are the percentage rise in the price of food also in the price of clothing?
b. What is the percentage rise in the CPI?
c. Do these price changes affect all consumers to the same extent? Explain.
Assume that he marries her the subsequent year. Other things equal, which of the following would be true concerning the reported official GDP the following year.
If there are 200 rooms also the operating costs $20,000 plus a cleaning fee of $5 per room per day, compute the profit during the one-week period.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
As per to Global Insight, a Massachusetts economics consultancy, elucidate what will happen if oil prices remain in the range of $65 to $70 per barrel for a couple of more months.
Dane decides to give up a job earning $100,000 every year as a corporate lawyer also converts the duplex that he owns into a UFO museum had been renting the duplex for $20,000 a year.
Calculate the following: Rate of Return and Calculate the following: Net Present Value Index
An increase in autonomous investment will cause equilibrium output to increase
Consider a monopolist informal moneylender and competitive formal creditors who lend to farmers. illustrate what are the interest rates.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
Which of the following institutional arrangements is most likely to promote growth.
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