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Question 1. Gross Domestic Product was designed as a measure of economic activity, specifically a measure of national production. Despite this intent, GDP is widely interpreted as a measure of economic welfare or standard of living (when measured in per capita terms). What are the shortcomings of using GDP as a measure of economic welfare? What would you like to add to (or subtract from) GDP to make it a better reflection of how well people are doing in a nation? Don't limit yourself to ideas from the module.
Question 2. How has the U.S. economy been doing in recent years? Why do you think that is? Gather relevant economic statistics, such as the growth rate of real GDP, the unemployment rate, and the inflation rate, to support your case. (Hint: use the information we've covered and you've researched in the course about GDP, business cycles, unemployment, and inflation, and research the updates (from official sources suchs as bea.gov, federalreserve.gov and bls.gov )to obtain the data to build your argument.
Describe and show application such risk metrics as VaR and ES (expected shortfall) using historical and parametric approach.
Give five (5) tips for developing effective working relationships through networking. Explain how work systems, policies, and procedures help you to develop the
Draw a demand and supply graph for tortilla market and use itshow the effect on this market of an increase in the price of corn.Once again, be sure to indicate the equilibrium price and quantitybefore and after the increase in the demand for the e..
Assume a country is in a flexible exchange rate regime. Now suppose that the world interest rate falls. Discuss what the policy makers must do to maintain the pegged exchange rate. What is the effect on domestic output, exports, and imports.
Economic indicators provide insight into the performance of a country and are invaluable when devising a strategy for international trade. The business environm
Describe how each of these activities economically affects government, households, and businesses - describe the flow of resources from one entity to another for each activity.
How would you advise your friend relative to monitoring changes in the business cycle (i.e. identifying expansion vs. contraction of the economy)?
What happens to the industry and the number of companies under competitive conditions?
Prepare a 2-3 page paper using APA format discussing how the Coase Theorem provides an alternative to government regulation and provision of services. How is the definition of private property a critical part of this analysis?
What was the value of real GDP per capita? Round to the nearest whole number. Do not enter a dollar sign.
What would you include in the GDP calculation (in addition to what's already counted by Statistics Canada) to make it better reflect the living standards? Why?
Suppose you work for a drug manufacturing corporation that holds a patent on Hair Grow, the world most effective drug for restoring hair.
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