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Q1. Real GDP in 1981 what $5,292 billion. Real GDP in 1982 was $5,189 billion. Illustrate what was the percentage change in real GDP from 1981 to 1982? Illustrate what do economists call the percentage change in real GDP from year to the next?
Q2. Under a business agreement 70/30 why should the 70% shareholder decision carry all day?
Q3. Why does the assumption of independence of risks matter in examples of insurances? Illustrate what would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively correlated?
Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.
What are the informing factors of global interdependence, including the economic factors, political dynamics and cultural differences.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Adding four or more flights to existing routes, it will have to add two pilots also flight attendants.
The water is identical in the two sizes and John gets no utility from the containers themselves, only from the water.
Dependency theory characterizes countries as being either in the center or on the periphery
Solve for steady-state level of captial and output. What savings rate would be necessary to achieve a steady-state output of 150.
Distinguish between the resources market and the product market in the circular flow model.
Show how the answer depends on the shape as well as location of the supply as well as demand curves.
Elucidate that contract align the incentives of the new vice president with the goals of the owners.
If the government uses a tax to get producers to internalize their externality, what is the net price received by producers.
How many popsicles will be sold/supplied each day in the short run if the price rises to $4 each per day
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